Alex Hemby Foundation

Foundation · Grantmaker Charlotte, NC EIN: 56-6046767

Alex Hemby Foundation is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 6 grants totaling $196K. Net investment income was $139K.

Key facts about Alex Hemby Foundation

EIN: 56-6046767
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $196,000
Grants made (2024): 6
Average grant: $32,667
Median grant: $2,500
Total assets: $3,859,041
Primary geography: North Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Alex Hemby Foundation funds

By grant dollars, the top recipient states for Alex Hemby Foundation's 6 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were Charlotte, NC (4 grants). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Donation" (6 grants).

How Alex Hemby Foundation gives

Giving grew 26% from 2021 to 2024. Method
In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Alex Hemby Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.9M

-0.9% YoY

Annual Giving

$196K

+0.3% YoY

Grant Count

+20.0% YoY

Avg Grant Size

$33K

-16.5% YoY

Under IRS private-foundation payout rules, Alex Hemby Foundation reported a distributable amount of $202K for 2024 — the minimum it must pay out in qualifying distributions.

About Alex Hemby Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $196K (100%)

Share of all 6 itemized 2024 grant dollars.

States

North Carolina

Cities

CharlotteMatthewsWaxhaw

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,859,041	$3,894,693	$4,025,980
Revenue	$194,148	$103,590	$662,698
Expenses	$229,800	$226,019	$221,443
Qualifying Distributions	$196,000	$195,500	$196,000
Net Investment Income	$139,345	$105,370	$637,255
Distributable Amount	$202,389	$194,282	$202,340

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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 6 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Atrium Healthcare Foundation ($150,000), Myers Park Presbyterian Church ($40,000), Thompson Child & Family Focus ($2,500).

Recipient	Purpose	Amount
ATRIUM HEALTHCARE FOUNDATION Charlotte, NC	CHARITABLE DONATION	$150,000
MYERS PARK PRESBYTERIAN CHURCH Charlotte, NC	CHARITABLE DONATION	$40,000
THOMPSON CHILD & FAMILY FOCUS Matthews, NC	CHARITABLE DONATION	$2,500
SECOND HARVEST FOOD BANK Charlotte, NC	CHARITABLE DONATION	$2,500
BEDS FOR KIDS Charlotte, NC	CHARITABLE DONATION	$500
MITEY RIDERS Waxhaw, NC	CHARITABLE DONATION	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Sandy D Burnett	Trustee	—	—
M Beverly Hemby	Trustee	—	—
Alexa H Amick	Trustee	—	—

Frequently Asked Questions

How large is Alex Hemby Foundation?

As of 2024, Alex Hemby Foundation holds $3.9M in total assets with $194K in annual revenue. It awarded 6 grants totaling $196K in 2024.

Where does Alex Hemby Foundation operate?

Alex Hemby Foundation has awarded grants in North Carolina.

What size grants does Alex Hemby Foundation award?

In 2024, Alex Hemby Foundation awarded 6 grants totaling $196K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Alex Hemby Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Alex Hemby Foundation reported a distributable amount of $202K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.