Cape Fear Memorial Foundation
Cape Fear Memorial Foundation is a private, non-operating foundation based in Wilmington, North Carolina. Established in 1996, the foundation is dedicated to supporting not-for-profit organizations that provide services improving the health and wellness of people in southeastern North Carolina. The foundation operates with a mission centered on advancing health and healing in its service region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$69.3M
+9.0% YoY
Annual Giving
$3.2M
+4.3% YoY
Grant Count
47
-17.5% YoY
Avg Grant Size
$67K
+26.5% YoY
Mission & Focus Areas
The foundation's mission is to support not-for-profit organizations providing services that improve the health and wellness of the people of southeastern North Carolina. The foundation is committed to improving health and wellness in the community and encouraging collaborative efforts among service providers.
Primary funding areas include:
- Health Service Programs
- Education Programs
- Health & Human Service Programs
- Human Service Programs
The foundation prioritizes funding programs and organizations that promote health education, disease prevention, and provide direct medical and health services.
Grantmaking
Grant Range
$800–$275,000
Average Grant
amount: $45,000
Review Cycle
January 15 and July 15
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's service area is limited to five counties in southeastern North Carolina:
- Brunswick County
- Columbus County
- Duplin County
- New Hanover County
- Pender County
The foundation focuses on serving the citizens of southeastern North Carolina, with particular emphasis on communities within this five-county region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $69,301,614
- Total revenue: $3,350,956
- Total expenses: $4,247,163
- Total liabilities: $798,000
Historical Assets:
- 2023: $60.8 million
- 2022: $74.8 million
Annual Giving Distribution:
- 2024: $3.0 million (57 grants)
- 2023: $2.8 million (53 grants)
- 2022: $2.9 million (65 grants)
- 2021: $2.7 million (65 grants)
- 2020: $2.4 million (56 grants)
Staffing: The foundation operates with 3 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $69,301,614 | $63,593,607 | $60,790,726 |
| Revenue | $3,350,956 | $1,832,719 | $3,695,159 |
| Expenses | $4,247,163 | $3,065,866 | $3,257,262 |
| Qualifying Distributions | $3,588,298 | $3,463,857 | $3,133,195 |
| Net Investment Income | $3,124,200 | $1,631,759 | $3,463,794 |
| Distributable Amount | $3,163,620 | $3,005,841 | $3,485,037 |
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
247 grants across all recorded years
Open Grants
1 open opportunity from Cape Fear Memorial Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- Anna Erwin – President and Treasurer (full-time, $145,000 compensation)
- James D. Hundley, MD – Chairman (serves without compensation)
- Sara S. Benton – Grants Officer (full-time, $87,000 compensation)
- Janelle A. Rhyne, MD – Secretary
- Ronald R. Sinclair – Assistant Secretary
- Board Members: Garry Garris, Robert F. Warwick, Richard L. Woodbury, Mott P. Blair IV, MD, Johnsie Davis, RN
The foundation is governed by 9 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNA ERWIN | PRESIDENT/TREASURER | 40 | $146,667 |
| GARRY GARRIS | BOARD MEMBER | 1 | — |
| JAMES D HUNDLEY MD | CHAIRMAN | 1 | — |
| RONALD R SINCLAIR | ASSISTANT SECRETARY | 1 | — |
| ROBERT F WARWICK | BOARD MEMBER | 1 | — |
| RICHARD L WOODBURY | BOARD MEMBER | 1 | — |
| MOTT P BLAIR IV MD | BOARD MEMBER | 1 | — |
| JANELLE A RHYNE MD | SECRETARY | 1 | — |
| JOHNSIE DAVIS RN | BOARD MEMBER | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to actively award grants to organizations serving health and human service needs across its five-county service area. Recent grant announcements indicate ongoing support for healthcare providers, community health initiatives, and social service organizations throughout southeastern North Carolina.
The Endowment awards $500,000 to 41 organizations in spring grant cycleSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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