Canal Charitable Foundation
Canal Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENVILLE, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $249K in total assets. In 2024, it awarded 13 grants totaling $4.1M. Net investment income was $4.0M.
Key facts about Canal Charitable Foundation
- EIN
- 20-3971600
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $4,087,500
- Grants made (2024)
- 13
- Average grant
- $314,423
- Median grant
- $15,000
- Total assets
- $248,842
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Canal Charitable Foundation funds
By grant dollars, the top recipient states for Canal Charitable Foundation's 13 itemized 2024 grants were South Carolina (100%). The most frequent recipient cities were Greenville, SC (6 grants), Charleston, SC (2 grants) and Wando, SC (2 grants). 69% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$249K
+15.3% YoY
Annual Giving
$4.1M
+4391.8% YoY
Grant Count
13
+116.7% YoY
Avg Grant Size
$314K
+1973.1% YoY
Under IRS private-foundation payout rules, Canal Charitable Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Canal Charitable Foundation
Based on IRS filings
Canal Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENVILLE, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $249K in total assets. In 2024, it awarded 13 grants totaling $4.1M. Net investment income was $4.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $248,842 | $215,827 | $314,723 |
| Revenue | $4,097,034 | $6,394 | $41,536 |
| Expenses | $4,093,769 | $91,394 | $121,413 |
| Qualifying Distributions | $4,090,019 | $91,374 | $120,156 |
| Net Investment Income | $4,039,742 | $6,374 | $40,716 |
| Distributable Amount | $13,158 | $15,307 | $17,718 |
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
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Furman University - Timmons Arena Renovations ($3,833,333), United Way of Greenville County ($50,000), Charleston Day School ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Furman University - Timmons Arena Renovations Greenville, SC | Timmons Arena Renovations | $3,833,333 |
| United Way of Greenville County Greenville, SC | General Charitable Support | $50,000 |
| Charleston Day School Charleston, SC | Building Fund | $50,000 |
| Grace Church Cathedral Charleston, SC | Transforming Grace Building Fund | $25,000 |
| Wofford College co Nayef H Samhat Spartanburg, SC | Wm. R. & Connie J. Timmons Scholarship Endowment | $21,667 |
| Metropolitan Arts Council Greenville, SC | General Charitable Support | $15,000 |
| Kind of the Upstate Greenville, SC | General Charitable Support | $15,000 |
| Philip Simmons Middle School PTSA Wando, SC | General Charitable Support | $15,000 |
| Philip Simmons Elementary School PTA Wando, SC | General Charitable Support | $15,000 |
| Mount Pleasant Presbyterian Church Mount Pleasant, SC | General Charitable Support | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Canal Charitable Foundation?
Canal Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENVILLE, SC. It holds $249K in total assets as of 2024.
How large is Canal Charitable Foundation?
As of 2024, Canal Charitable Foundation holds $249K in total assets with $4.1M in annual revenue. It awarded 13 grants totaling $4.1M in 2024.
Where does Canal Charitable Foundation operate?
Canal Charitable Foundation has awarded grants in South Carolina.
What size grants does Canal Charitable Foundation award?
In 2024, Canal Charitable Foundation awarded 13 grants totaling $4.1M — an average of about $314K per grant, based on its IRS Form 990 filings.
How much is Canal Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Canal Charitable Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Canal Charitable Foundation's EIN?
Canal Charitable Foundation's EIN (Employer Identification Number) is 20-3971600. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Canal Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.