Aiken Foundation Inc

WILSON, NC EIN: 57-6019769

Aiken Foundation Inc is a private foundation, based in WILSON, NC. IRS filing data is available for 2020. In 2020, it awarded 27 grants totaling $1.9M. Net investment income was $343K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$1.9M

Grant Count

Avg Grant Size

$69K

Under IRS private-foundation payout rules, Aiken Foundation Inc reported a distributable amount of $61K for 2020 — the minimum it must pay out in qualifying distributions.

About Aiken Foundation Inc

Based on IRS filings

Aiken Foundation Inc is a private foundation, based in WILSON, NC. IRS filing data is available for 2020. In 2020, it awarded 27 grants totaling $1.9M. Net investment income was $343K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $1.9M (100%)

States

South Carolina

Cities

Florence

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	—
Revenue	$358,329
Expenses	$1,909,998
Qualifying Distributions	—
Net Investment Income	$342,908
Distributable Amount	$60,994

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2020

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Manna House ($200,000), Mercy Medicine Clinic ($200,000), Francis Marion University Fdn ($170,000).

Recipient	Purpose	Amount
BOYS & GIRL CLUBS OF THE FLORENCE, SC	COMMUNITY	$50,000
FLORENCE SYMPHONY ORCHESTRA FLORENCE, SC	COMMUNITY	$10,000
LIGHTHOUSE MINISTRIES FLORENCE, SC	COMMUNITY	$100,000
THE SALVATION ARMY FLORENCE, SC	EMPTY STOCKING FUND	$30,000
HOUSE OF HOPE FLORENCE, SC	COMMUNITY	$100,000
MANNA HOUSE FLORENCE, SC	COMMUNITY	$200,000
MCLEOD HOSPICE FLORENCE, SC	COMMUNITY	$55,000
MERCY MEDICINE CLINIC FLORENCE, SC	COMMUNITY	$200,000
FLORENCE AREA HUMANE SOCIETY FLORENCE, SC	COMMUNITY	$70,000
PEE DEE COALITION AGAINST DOMESTIC FLORENCE, SC	COMMUNITY	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
J BOONE AIKEN III	DIRECTOR	12	$1,000
SANDY AIKEN JR	DIRECTOR	12	$1,000
THOMAS B AIKEN	DIRECTOR	12	$1,000
CORNELIA A OWENS	DIRECTOR	12	$1,000
PEG MCLEOD	DIRECTOR	12	$1,000
LAURIE A TILLER	DIRECTOR	12	$1,000
ELIZABETH A RABUN	DIRECTOR	12	$1,000

Frequently Asked Questions

Where does Aiken Foundation Inc operate?

Aiken Foundation Inc has awarded grants in South Carolina.

What size grants does Aiken Foundation Inc award?

In 2020, Aiken Foundation Inc awarded 27 grants totaling $1.9M — an average of about $69K per grant, based on its IRS Form 990 filings.

How much is Aiken Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Aiken Foundation Inc reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.