Bourne Foundation Inc
Bourne Foundation Inc is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $424K in total assets. In 2024, it awarded 7 grants totaling $23K. Net investment income was $39K.
Bourne Foundation Inc at a glance
In short: Bourne Foundation Inc gave $23K across 7 grants in 2024 (avg $3K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,878
- -3.1% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $3,268
- -3.1% vs 2023
- Median grant
- $2,500
- Total assets
- $423,929
- +3.8% vs 2023
- Primary geography
- North Carolina (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bourne Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Blumenthal Performing Arts ($10K). Together the top 7 received $23K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Bourne Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+18%). Method
- In 2024 it paid out 96% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $19K (2021) to $24K (2022). In 2024 it made 7 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blumenthal Performing Arts Charlotte, NC | Supporting Charitable Activities | $10,489 |
| Urban Promise Charlotte, NC | Supporting Charitable Activities | $2,900 |
| American Heart Association Charlotte, NC | Supporting Charitable Activities | $2,500 |
| The MVA Society | Supporting Charitable Activities | $2,500 |
| Mauli Ola Foundation Wilmington, NC | Supporting Charitable Activities | $1,500 |
| Search Ministries Fort Worth, TX | Supporting Charitable Activities | $1,500 |
| Myers Park Presbyterian Church Charlotte, NC | Supporting Charitable Activities | $1,489 |
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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 | $423,929 | $48,139 | $32,534 | $22,878 | 7 | $22,878 | $38,693 | $23,828 |
| 2023 | $408,271 | $10,554 | $29,318 | $23,598 | 7 | $25,098 | $6,478 | $22,481 |
| 2022 | $426,981 | $-6,923 | $27,231 | $23,938 | 4 | $23,938 | $7,792 | $23,595 |
| 2021 | $460,823 | $49,890 | $27,001 | $19,401 | 7 | $19,401 | $49,890 | $23,939 |
| 2020 | $447,397 | $39,321 | $34,175 | $23,283 | 10 | — | $39,321 | $25,862 |
Under IRS private-foundation payout rules, Bourne Foundation Inc reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bourne Foundation Inc is led by Raymond Bourne, Managing Trustee since 2022 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Raymond Bourne
Managing Trustee
Trustee → Managing Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Benjamin Bourne
Trustee
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Banks Bourne (2021) — Managing Trustee
- Former: Ernest C. Bourne (2020) — Managing Trustee
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 Bourne Foundation Inc
How much does Bourne Foundation Inc give each year?
Bourne Foundation Inc gave $23K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $24K across 7 grants.
What is Bourne Foundation Inc's typical grant size?
Bourne Foundation Inc's median grant in 2024 was $2,500, and its average grant was $3,268, across 7 grants on its 2024 IRS Form 990-PF.
Where does Bourne Foundation Inc give grants?
Bourne Foundation Inc gives mostly in North Carolina: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Texas (7%). The most frequent recipient cities were Charlotte, NC (4 grants).
Does Bourne Foundation Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Bourne Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Supporting Charitable Activities" (7 grants).
Who are Bourne Foundation Inc's largest grantees?
Bourne Foundation Inc's largest 2024 grantees include Blumenthal Performing Arts ($10,489), Urban Promise ($2,900) and American Heart Association ($2,500), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.
How large is Bourne Foundation Inc?
Bourne Foundation Inc reported $424K in total assets on its 2024 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $24K (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 is Bourne Foundation Inc's EIN?
Bourne Foundation Inc's EIN (Employer Identification Number) is 56-2125412. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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