Albemarle Foundation
The Albemarle Foundation is a private foundation based in Charlotte, North Carolina. In 2024, it reported 147 grants totaling $3,650,082, with grants recorded for organizations in several states and the District of Columbia.
Albemarle Foundation at a glance
In short: Albemarle Foundation gave $3.7M across 147 grants in 2024 (avg $25K), mostly in Delaware. 35% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,650,082
- -32.9% vs 2023
- Grants made (2024)
- 147
- -89.5% vs 2023
- Average grant
- $24,830
- +541.4% vs 2023
- Median grant
- $1,000
- Total assets
- $30,194,136
- +2.9% vs 2023
- New grantees (estimate)
- 35% first-time grantees (44 of 124, 2024)
- Primary geography
- Delaware (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Albemarle Foundation
- How to Apply
-
The filing states that the foundation does not restrict giving to preselected organizations. It directs applicants to contact the organization and refers to its foundation page for application materials, deadlines, and award restrictions.
- Contact
Application contact: The Organization
Mailing address: 4250 Congress Street Ste 800, Charlotte, NC 28209
Phone: (980) 299-5531
Website: https://www.albemarlefoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Albemarle Foundation
Who Albemarle Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was American Online Giving Foundation ($2.7M across 5 grants). Together the top 10 received $3.4M.
Organizations only. It also paid 1 grant to individuals ($2,500), which are not listed by name.
Grant Size Distribution
5,469 grants across all recorded years
The most common grant size was under $50K: 5,384 grants of 5,469 (98%).
Geographic Focus
Where this funder awards grants
In 2024, 74% of grant dollars went to recipients in Delaware, 9% to the District of Columbia, 9% to North Carolina, 2% to Louisiana, and 2% to recipients with an unspecified state.
Grant Distribution by State
Share of 2024 grant dollars across all 147 itemized grants.
States
Cities
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 grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.7M (2024) to $6.1M (2021). In 2024 it made 147 grants totaling $3.7M.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with Albemarle Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $30,194,136 | $1,348,208 | $3,922,889 | $3,650,082 | 147 | $3,692,865 | $1,091,219 | $1,542,204 |
| 2023 | $29,347,331 | $5,251,800 | $5,991,292 | $5,442,998 | 1,406 | $5,761,365 | $489,138 | $1,459,624 |
| 2022 | $27,297,981 | $4,258,896 | $6,244,698 | $5,401,471 | 1,166 | $5,952,931 | $238,347 | $1,458,660 |
| 2021 | $33,633,920 | $20,497,587 | $6,675,445 | $6,055,214 | 1,360 | $6,494,432 | $169,076 | $1,271,604 |
| 2020 | $18,375,804 | $1,529,750 | $6,394,197 | $5,665,660 | 1,390 | — | $1,421,378 | $931,451 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose stated missions cover emergency relief, education, community philanthropy, and services for people with intellectual and developmental disabilities. For example, the American National Red Cross says it works to prevent and alleviate suffering in emergencies, while Heart Math Tutoring says it helps elementary students build math skills and enthusiasm for academics. The Foundation for the Carolinas describes its work as inspiring philanthropy and strengthening its region through community initiatives and donor services.
Grantmaking
In 2024, the foundation reported 147 grants totaling $3,650,082. Grant amounts ranged from $10 to $1,359,587, with a median of $1,000. The largest listed awards included $1,359,587 and $1,081,146 to American Online Giving Foundation, each for program assistance; $250,000 to the American National Red Cross for program assistance; and $100,000 to the Foundation for the Carolinas for program assistance. Other listed recipients included Heart Math Tutoring ($75,000), Footprint Project ($50,000), and the North Carolina Home Builders Association Educational & Charitable Foundation ($35,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Donald James Jim Labauve as Director/Treasurer; Kent J Masters as Director/President; Cynthia Lima, Melissa Anderson, Netha Johnson, Dru J Manuel, and Meredith Bandy as Directors; and Timitra Hildebrandt-Jones as Executive Director.
Albemarle Foundation is led by Kent J Masters, Director & President since 2021 (on filings since 2020); none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kent J Masters
Director & President
Director → Director & President, 2021
On filings since 2020
0.3 hrs/week
No compensation reported
Timitra Hildebrandt-Jones
Executive Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Donald James Jim Labauve
Director & Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Netha Johnson
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Melissa Anderson
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Cynthia Lima
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Dru J Manuel
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Meredith Bandy
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (4)
- Former: Sandra Holub (2020–2023) — Executive Director
- Former: Karen Narwold (2021–2023) — Director
- Former: Stefanie M. Holland (2020–2021) — Secretary
- Former: Deeanne Marlow (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Albemarle Foundation
How much does Albemarle Foundation give each year?
Albemarle Foundation gave $3.7M across 147 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.4M across 1,406 grants.
What is Albemarle Foundation's typical grant size?
Albemarle Foundation's median grant in 2024 was $1,000, and its average grant was $24,830, across 147 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Albemarle Foundation that year got $68K on average.
Where does Albemarle Foundation give grants?
Albemarle Foundation gives mostly in Delaware: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were 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).
Does Albemarle Foundation give general operating support?
Not in 2024: none of the 147 grants with a stated purpose on Albemarle Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Assistance" (147 grants).
Who are Albemarle Foundation's largest grantees?
Albemarle Foundation's largest 2024 grantees include American Online Giving Foundation ($2,706,062 across 5 grants), American National Red Cross ($250,000) and Foundation for the Carolinas ($100,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($2,500), which are not listed by name. Together they received 84% of its itemized 2024 grant dollars.
How large is Albemarle Foundation?
Albemarle Foundation reported $30.2M in total assets on its 2024 IRS Form 990-PF. It paid out $3.7M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets).
What does Albemarle Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose stated missions cover emergency relief, education, community philanthropy, and services for people with intellectual and developmental disabilities. See mission & focus areas ↑
How do I apply for a grant from Albemarle Foundation?
The filing states that the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Albemarle Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/albemarle-foundation-morg_ed2af8ac36334ea491546d619664f7be
BibTeX
@misc{grantable_204798471_2026,
author = {{Grantable}},
title = {{Albemarle Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/albemarle-foundation-morg_ed2af8ac36334ea491546d619664f7be},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Albemarle Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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