Albemarle Foundation
The Albemarle Foundation is a private, company-sponsored grantmaking foundation established in 2006 and based in Charlotte, North Carolina. As a 501(c)(3) organization, it operates as a corporate foundation created by Albemarle Corporation to support philanthropic efforts in communities where the company operates.
Key facts about Albemarle Foundation
- EIN
- 20-4798471
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $3,650,082
- Grants made (2024)
- 147
- Average grant
- $24,830
- Median grant
- $1,000
- New grantees (estimate)
- 35% first-time grantees (44 of 124, 2024)
- Total assets
- $30,194,136
- Primary geography
- Delaware (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Albemarle Foundation funds
By grant dollars, the top recipient states for Albemarle Foundation's 147 itemized 2024 grants were Delaware (74%), District of Columbia (9%) and North Carolina (9%). The most frequent recipient cities were Charlotte, NC (17 grants), Baton Rouge, LA (16 grants), Magnolia, AR (7 grants) and Washington, DC (6 grants). None of its 147 grants with a stated purpose were described as general or operating support. Recurring purposes include "Program Assistance" (147 grants).
Is Albemarle Foundation open to new grantees?
35%
first-time grantees, 2024
In 2024, 44 of 124 grantees (35%) were first-time recipients. First grants averaged $68K; repeat grants $8K. How we count
Medians: $2K first-time, $1K repeat.
- 62% of 2024 grantees were also funded in 2023. Method
- Giving fell 40% from 2021 to 2024. Method
- In 2024 it paid out 239% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Albemarle Foundation
- How to evaluate Albemarle Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Albemarle Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.2M
+2.9% YoY
Annual Giving
$3.7M
-32.9% YoY
Grant Count
147
-89.5% YoY
Avg Grant Size
$25K
+541.4% YoY
Under IRS private-foundation payout rules, Albemarle Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Albemarle Foundation's mission is to make a positive, sustainable difference in the communities where it lives and operates. The foundation focuses on nurturing communities and promoting philanthropic efforts among employees and retirees, aiming to build on its history of commitment to create greater, more sustainable, and profound impact on communities it considers home.
Primary funding areas include:
- Education and future workforce development
- Social and health services
- Cultural resources and advocacy
- Youth and community physical health programs
- Youth training programs
- Health and human services programs
- Environmental sustainability initiatives
- Arts education
- Renewable energy
- Child welfare
- Military veterans support
- Basic and emergency aid
- Job services
- Arts and culture
Grantmaking
Grant Range
$4,700
Average Grant
$4,700
Ready to take the next step with Albemarle Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds programs in:
- North Carolina
- Louisiana
- Texas
Grant Distribution by State
Share of all 147 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Most Recent Filings:
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $27.3 million - $30.2 million | 2022-2023 |
| Total Revenue | $4.26 million - $5.25 million | 2022-2023 |
| Total Expenses | $5.99 million - $6.24 million | 2022-2023 |
| Total Liabilities | $80,100 | 2022 |
| Total Giving | $3.65 million - $5.4 million | 2022-2023 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,194,136 | $29,347,331 | $27,297,981 |
| Revenue | $1,348,208 | $5,251,800 | $4,258,896 |
| Expenses | $3,922,889 | $5,991,292 | $6,244,698 |
| Qualifying Distributions | $3,692,865 | $5,761,365 | $5,952,931 |
| Net Investment Income | $1,091,219 | $489,138 | $238,347 |
| Distributable Amount | $1,542,204 | $1,459,624 | $1,458,660 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 2024
Grant Size Distribution
5,469 grants across all recorded years
Open Grants
1 open opportunity from Albemarle Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include American Online Giving Foundation ($2,706,062 across 5 grants), American National Red Cross ($250,000), Foundation for the Carolinas ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation Newark, DE | Program Assistance | $1,359,587 |
| American Online Giving Foundation Newark, DE | Program Assistance | $1,081,146 |
| American National Red Cross Washington, DC | Program Assistance | $250,000 |
| American Online Giving Foundation Newark, DE | Program Assistance | $176,032 |
| FOUNDATION FOR THE CAROLINAS Charlotte, NC | Program Assistance | $100,000 |
| American Online Giving Foundation Newark, DE | Program Assistance | $89,287 |
| National Environmental Education Foundation Washington DC, DC | Program Assistance | $80,000 |
| HEART MATH TUTORING INC Charlotte, NC | Program Assistance | $75,000 |
| Footprint Project New Orleans, LA | Program Assistance | $50,000 |
| Junior Achievement International China Inc | Program Assistance | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- J. Kent Masters — Director/President
- Donald James Jim Labauve — Director and Treasurer
- Netha Johnson — Director
Compensation Overview
From 2022 IRS filing
From 2022 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jkent Masters | Director/President | 0.25 | — |
| Donald James Jim Labauve | Director and Treasurer | 0.25 | — |
| Netha Johnson | Director | 0.25 | — |
| Melissa Anderson | Director | 0.25 | — |
| Karen Narwold | Director | 0.25 | — |
| Sandra Holub | Executive Director | 30 | $37,970 |
Recent News & Activity
Recent developments and announcements
**2025:** Albemarle Foundation donated $100,000 to Project Scientist to help Charlotte girls pursue STEM careers
Albemarle Foundation Donates $100,000 to Project Scientist, Helping Charlotte**Recent:** Foundation awarded grants to honor Kings Mountain anniversary
Albemarle Foundation Awards Grants to Honor Kings Mountain**Recent:** Joint grant with Charlotte Sports Foundation awarding $10,000 to Promise Youth Development
Albemarle Foundation Donates $100,000 to Project Scientist, Helping CharlotteSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Albemarle Foundation fund?
The Albemarle Foundation's mission is to make a positive, sustainable difference in the communities where it lives and operates. The foundation focuses on nurturing communities and promoting philanthropic efforts among employees and retirees, aiming to build on its history of commitment to create greater, more sustainable, and profound impact on communities it considers home. **Primary funding areas include:** • Education and future workforce development • Social and health services • Cultural …
How do I apply for a grant from Albemarle Foundation?
**Grant Activity:** • Made 1,166 grants in 2023 • Total giving: $3.65 million to $5.4 million (depending on fiscal year) • Average grant size: $4,700 • Median grant size: $1,000 • Typical award range: $10 to $1,359,587 **Recent Grant Examples (2023):** • Carolina Youth Coalition: $300,000 (Program Assistance) • Foundation for the Carolinas: $300,000 (Program Assistance) • YMCA of Greater Charlotte: $300,000 (Program Assistance) • Project Scientist: $100,000 (supporting Charlotte girls pursuing …
Where does Albemarle Foundation make grants?
The foundation primarily funds programs in: • North Carolina • Louisiana • Texas
What size grants does Albemarle Foundation award?
In 2024, Albemarle Foundation awarded 147 grants totaling $3.7M — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Albemarle Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albemarle Foundation reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albemarle Foundation's EIN?
Albemarle Foundation's EIN (Employer Identification Number) is 20-4798471. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Albemarle Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Shell USA Company Foundation
Houston, TX
Assets
$52.3M
Grants
4,650
Total Given
$16.0M
Duke Energy Foundation
Charlotte, NC
Assets
$1.9M
Grants
41
Total Given
$25.6M
State Employees Credit Union Foundation
Raleigh, NC
Assets
$68.8M
Grants
1,788
Total Given
$17.3M
Foundation for the Carolinas
Charlotte, NC
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Dogwood Health Trust
Asheville, NC
Assets
$2.0B
Grants
835
Total Given
$148.2M
The Winston-Salem Foundation
Winstonsalem, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
GiveClear Foundation
Charlotte, NC
Assets
$215.4M
Grants
816
Total Given
$28.8M
The Community Foundation
Asheville, NC
Assets
$481.0M
Grants
793
Total Given
$59.4M
North Carolina Community Foundation
Raleigh, NC
Assets
$569.1M
Grants
732
Total Given
$30.6M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Verizon Foundation
Basking Ridge, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
More Funders in North Carolina
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.