Bailey Endowment Inc
Bailey Endowment Inc is a private foundation based in Raleigh, North Carolina. Its 2024 filing reports 30 grants totaling $155,000, all to recipients in North Carolina. The grants show support for organizations working in areas including education, arts, animal welfare, religion, and community services.
Bailey Endowment Inc at a glance
In short: Bailey Endowment Inc gave $155K across 30 grants in 2024 (avg $5K), mostly in North Carolina. 17% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $155,000
- +9.9% vs 2023
- Grants made (2024)
- 30
- +11.1% vs 2023
- Average grant
- $5,167
- -1.1% vs 2023
- Median grant
- $3,000
- Total assets
- $3,183,328
- -0.2% vs 2023
- New grantees (estimate)
- 17% first-time grantees (5 of 30, 2024)
- Primary geography
- North Carolina (100% 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 Bailey Endowment Inc
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The filing says the foundation does not restrict giving to preselected organizations, and accepts unsolicited requests. Applications must be written and include evidence that the recipient is an exempt charitable organization and facts supporting the need. The filing lists no restrictions on awards.
- Contact
Application contact: William Knight - Executive Director
Mailing address: PO Box 10788, Raleigh, NC 27605
Phone: (919) 749-5254
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Bailey Endowment Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was NCSU Student Aid Association ($25K). Together the top 10 received $110K.
Grant Size Distribution
174 grants across all recorded years
The most common grant size was under $50K: 174 grants of 174 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in North Carolina. The listed recipients include organizations in Raleigh and other North Carolina communities.
Grant Distribution by State
Share of 2024 grant dollars across all 30 itemized grants.
Cities
Is Bailey Endowment Inc open to new grantees?
17%
first-time grantees, 2024
In 2024, 5 of 30 grantees (17%) were first-time recipients. First grants averaged $4K; repeat grants $5K. How we count
Medians: $3K first-time, $4K repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving fell 22% from 2021 to 2024. Method
- In 2024 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). 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 2019 to 2024, annual grant giving ranged from $141K (2023) to $220K (2019). In 2024 it made 30 grants totaling $155K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NCSU Student Aid Association Raleigh, NC | Operational Support | $25,000 |
| Shopspace Raleigh, NC | Operational Support | $15,000 |
| Arts NC State Raleigh, NC | Operational Support | $11,000 |
| Association for Welfare of Animals Shelby, NC | Operational Support | $10,000 |
| GWU School of Divinity Boiling Springs, NC | Operational Support | $10,000 |
| Samaritans Purse Boone, NC | Operational Support | $10,000 |
| Wildlife Welfare Raleigh, NC | Operational Support | $8,000 |
| Maple Temple Raleigh, NC | Operational Support | $7,000 |
| Penland School of Crafts Penland, NC | Operational Support | $7,000 |
| Noah's Ark Wildlife Center Sandy Ridge, NC | Operational Support | $6,500 |
Ready to take the next step with Bailey Endowment Inc?
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 | $3,183,328 | $196,422 | $204,648 | $155,000 | 30 | $155,000 | $160,751 | $207,311 |
| 2023 | $3,191,219 | $169,891 | $183,909 | $141,000 | 27 | $138,000 | $137,773 | $184,817 |
| 2022 | $3,205,049 | $138,349 | $235,210 | $182,000 | 41 | $182,000 | $96,978 | $160,417 |
| 2021 | $3,302,318 | $350,278 | $246,442 | $199,750 | 40 | $199,750 | $314,997 | $199,095 |
| 2020 | $3,198,074 | $120,562 | $262,823 | $214,500 | 36 | — | $88,125 | $160,399 |
| 2019 | $3,340,335 | $162,298 | $264,174 | $220,073 | 37 | — | $109,382 | $191,096 |
Under IRS private-foundation payout rules, Bailey Endowment Inc reported a distributable amount of $207K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to a range of organizations. For example, Samaritan’s Purse describes its work as providing spiritual and physical aid to people affected by war, poverty, natural disasters, disease, and famine. Carolina Tiger Rescue says its mission is saving and protecting wildcats in captivity and in the wild. Cleveland County Arts Council says it works to expand opportunities to participate in arts programs and activities. Other 2024 recipients include Planned Parenthood South Atlantic, Overflowing Hands, Second Chance Pet Adoptions, and Inter-Faith Food Shuttle; their stated missions concern reproductive health care, youth development, pet adoption, and hunger relief, respectively.
Grantmaking
In 2024, the foundation gave $155,000 through 30 grants. Awards ranged from $500 to $25,000, with a median grant of $3,000. The largest grants included $25,000 to NCSU Student Aid Association, $15,000 to ShopSpace, $11,000 to Arts NC State, and $10,000 each to Association for Welfare of Animals, GWU School of Divinity, and Samaritan’s Purse. The filing lists each of these grants as operational support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Hoyt G Tessner as president; Melanie Knight as secretary/treasurer; Cynthia Buckingham as vice president; and Anne Bailey, Nicholas Tessener, and A Bailey Knight as directors. The filing identifies William Knight as executive director for application inquiries.
Bailey Endowment Inc is led by Hoyt G. Tessner, President on every filing since 2019; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Hoyt G. Tessner
President
On filings since 2019
1 hr/week
No compensation reported
A. Bailey Knight
Director
On filings since 2021
1 hr/week
No compensation reported
Anne Bailey
Director
On filings since 2021
1 hr/week
No compensation reported
Nicholas Tessener
Director
On filings since 2021
1 hr/week
No compensation reported
Cynthia Buckingham
Vice President
On filings since 2019
1 hr/week
No compensation reported
Melanie Knight
Secretary
Vice President → Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Bailey Endowment Inc
How much does Bailey Endowment Inc give each year?
Bailey Endowment Inc gave $155K across 30 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $141K across 27 grants.
What is Bailey Endowment Inc's typical grant size?
Bailey Endowment Inc's median grant in 2024 was $3,000, and its average grant was $5,167, across 30 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Bailey Endowment Inc that year got $4K on average.
Where does Bailey Endowment Inc give grants?
Bailey Endowment Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Raleigh, NC (13 grants) and Shelby, NC (8 grants).
Does Bailey Endowment Inc give general operating support?
Yes: 100% of Bailey Endowment Inc's 2024 grants with a stated purpose (30 of 30) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Bailey Endowment Inc's largest grantees?
Bailey Endowment Inc's largest 2024 grantees include NCSU Student Aid Association ($25,000), Shopspace ($15,000) and Arts NC State ($11,000), according to its 2024 IRS Form 990-PF. Together they received 33% of its itemized 2024 grant dollars.
How large is Bailey Endowment Inc?
Bailey Endowment Inc reported $3.2M in total assets on its 2024 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $207K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Bailey Endowment Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to a range of organizations. For example, Samaritan’s Purse describes its work as providing spiritual and physical aid to people affected by war, poverty, natural disasters, disease, and famine. See mission & focus areas ↑
How do I apply for a grant from Bailey Endowment Inc?
The filing says the foundation does not restrict giving to preselected organizations, and accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Bailey Endowment Inc's EIN?
Bailey Endowment Inc's EIN (Employer Identification Number) is 56-1802700. IRS Form 990 filing data is available on this page for 2019–2024.
Does Bailey Endowment Inc accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 23, 2026)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 23, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Bailey Endowment Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Bailey Endowment Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/bailey-endowment-inc-morg_1cdd754c171c4cf3a938236d44372ab3
BibTeX
@misc{grantable_561802700_2026,
author = {{Grantable}},
title = {{Bailey Endowment Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/bailey-endowment-inc-morg_1cdd754c171c4cf3a938236d44372ab3},
note = {Accessed 2026-10-11. 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 Bailey Endowment Inc'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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