Charlotte Woman's Club First Citizens Bank is a private foundation focused on Education, based in RALEIGH, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 39 grants totaling $135K. Net investment income was $126K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.2M
-0.8% YoY
Annual Giving
$135K
+25.7% YoY
Grant Count
39
-4.9% YoY
Avg Grant Size
$3K
+32.1% YoY
Under IRS private-foundation payout rules, Charlotte Woman's Club First Citizens Bank reported a distributable amount of $130K for 2025 — the minimum it must pay out in qualifying distributions.
About Charlotte Woman's Club First Citizens Bank
Based on IRS filings
Charlotte Woman's Club First Citizens Bank is a private foundation focused on Education, based in RALEIGH, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 39 grants totaling $135K. Net investment income was $126K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,188,078 | $2,204,920 | $2,224,648 |
| Revenue | $148,361 | $111,826 | $-391 |
| Expenses | $164,146 | $134,639 | $137,869 |
| Qualifying Distributions | $145,600 | $118,877 | $118,678 |
| Net Investment Income | $126,215 | $91,501 | $32,269 |
| Distributable Amount | $129,891 | $119,018 | $112,999 |
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 2025
Grant Size Distribution
209 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Reach Out and Read ($10,600), Augustine Literacy Project ($10,500), Uptown Farmers Market ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLASSROOM CENTRAL CHARLOTTE, NC | GENERAL PURPOSES | $5,600 |
| REACH OUT AND READ Columbus, OH | GENERAL PURPOSES | $10,600 |
| Charlotte Juniors Shoe Closet Charlotte, NC | GENERAL PURPOSES | $700 |
| Phillips Academy Charlotte, NC | GENERAL PURPOSES | $4,500 |
| CAMP BLUE SKIES CHARLOTTE, NC | GENERAL PURPOSES | $5,850 |
| HEIFER INTERNATIONAL LITTLE ROCK, AR | GENERAL PURPOSES | $400 |
| Heart Math Tutoring Charlotte, NC | GENERAL PURPOSES | $7,500 |
| Digi Bridge CHARLOTTE, NC | GENERAL PURPOSES | $400 |
| BRAVE STEP INC CONCORD, NC | GENERAL PURPOSES | $1,850 |
| Psychology for All Charlotte, NC | GENERAL PURPOSE | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Helen Richie | President | 5 | — |
| Kelly Cunningham | Secretary | 1 | — |
| Elizabeth Hankins | Vice President | 5 | — |
| Carrie Powers | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Charlotte Woman's Club First Citizens Bank?
Charlotte Woman's Club First Citizens Bank is a private foundation focused on Education, based in RALEIGH, NC. It holds $2.2M in total assets as of 2025.
How large is Charlotte Woman's Club First Citizens Bank?
As of 2025, Charlotte Woman's Club First Citizens Bank holds $2.2M in total assets with $148K in annual revenue. It awarded 39 grants totaling $135K in 2025.
Where does Charlotte Woman's Club First Citizens Bank operate?
Charlotte Woman's Club First Citizens Bank has awarded grants in Arkansas, California, District of Columbia, Florida, Massachusetts, North Carolina, North Dakota, New York, Ohio, South Carolina, Tennessee, Virginia.
What size grants does Charlotte Woman's Club First Citizens Bank award?
In 2025, Charlotte Woman's Club First Citizens Bank awarded 39 grants totaling $135K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Charlotte Woman's Club First Citizens Bank required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Charlotte Woman's Club First Citizens Bank reported a distributable amount of $130K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Charlotte Woman's Club First Citizens Bank's EIN?
Charlotte Woman's Club First Citizens Bank's EIN (Employer Identification Number) is 56-0485701. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Charlotte Woman's Club First Citizens Bank's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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