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
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
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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
Among its reported 2024 grants, the largest include Foundation for the Carolinas ($100,000), North Carolina Home Builders Assoc Educational & Charitable Foundatio ($35,000), Project Scientist ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTH CAROLINA HOME BUILDERS ASSOC EDUCATIONAL & CHARITABLE FOUNDATIO RALEIGH, NC | Program Assistance | $35,000 |
| DRESS FOR SUCCESS CHARLOTTE CHARLOTTE, NC | Program Assistance | $5,000 |
| FOUNDATION FOR THE CAROLINAS CHARLOTTE, NC | Program Assistance | $100,000 |
| Project Scientist Charlotte, NC | Program Assistance | $25,000 |
| BEST BUDDIES INTERNATIONAL INC MIAMI, FL | Program Assistance | $5,000 |
| CYSTIC FIBROSIS FOUNDATION Bethesda, MD | Program Assistance | $3,000 |
| UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION CHARLOTTESVLE, VA | Program Assistance | $2,500 |
| CENTER FOR ENRICHED LIVING RIVERWOODS, SC | Program Assistance | $1,000 |
| Adam Wong Covina, CA | Program Assistance | $500 |
| Taylor Stewart Birmingham, AL | Program Assistance | $500 |
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
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
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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