Charles & Irene Nanney Foundation
The Charles & Irene Nanney Foundation is a private foundation based in Raleigh, North Carolina. Established in 1961, it operates as a 501(c)(3) tax-exempt organization and has been tax-exempt since April 1963. The foundation functions as an independent grantmaking entity focused on supporting charitable, educational, civic, religious, and medical organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+0.1% YoY
Annual Giving
$156K
-2.3% YoY
Grant Count
22
-8.3% YoY
Avg Grant Size
$7K
+6.6% YoY
Mission & Focus Areas
The foundation does not have a publicly stated mission statement on file. However, based on its grantmaking patterns, the foundation prioritizes:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$2,000–$27,900
Average Grant
amount: approximately $7,200
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Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to North Carolina organizations only.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $2,887,326
- Total revenues: $110,641
- Total expenses: $198,021
- Total liabilities: $0
- Giving rate: 5.5% of assets
Historical Assets:
- 2022: $3,000,000
- 2011: $3,427,362
- 2004: $4,099,267
The foundation's assets have declined over the long term, though giving levels have remained relatively consistent in recent years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,890,439 | $2,887,326 | $2,974,706 |
| Revenue | $201,349 | $110,641 | $71,850 |
| Expenses | $198,236 | $198,021 | $216,651 |
| Qualifying Distributions | $165,848 | $168,540 | $181,244 |
| Net Investment Income | $169,485 | $89,605 | $77,576 |
| Distributable Amount | $174,784 | $163,857 | $168,095 |
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
108 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel identified in foundation records:
- David P. Nanney Jr. – Trustee
- Charles D. Gray III – Trustee
- Mary Ellen Jennings – Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES D GRAY III | TRUSTEE | 2 | $1,500 |
| MARY ELLEN JENNINGS | TRUSTEE | 2 | $1,500 |
| DAVID P NANNEY JR | TRUSTEE | 2 | $1,500 |
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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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