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.
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
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
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Geographic Focus
Where this funder awards grants
The foundation primarily funds programs in:
- North Carolina
- Louisiana
- Texas
Grant Distribution by State
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 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Albemarle Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
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 2024 IRS filing
No officer/director data available.
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
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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