Chatham Foundation Inc
Chatham Foundation Inc is a private foundation based in Raleigh, North Carolina. Incorporated in 1943 and tax-exempt since November 1948, the foundation operates as a 501(c)(3) organization with a focus on charitable, religious, educational, scientific, and cultural causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
-0.2% YoY
Annual Giving
$437K
+60.8% YoY
Grant Count
15
-11.8% YoY
Avg Grant Size
$29K
+82.2% YoY
Mission & Focus Areas
The foundation supports the following areas of interest:
- Parks and playgrounds
- Libraries
- Arts and culture
- Christianity-related organizations
- Community development
- Economic development
- Education
- Health
Recent grant history indicates that approximately 49% of giving supports education, 14% goes to community development, and 13% supports health-related causes.
Grantmaking
The foundation accepts applications and is open to new applicants. Applicants must contact the foundation directly for the application process. There are no stated deadlines.
Grant Range
$8,000
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple North Carolina cities and regions, including:
Cary, Dobson, East Bend, Elkin, Jonesville, Mount Airy, Roaring Gap, Ronda, Sparta, Statesville, and Wilkesboro.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $5,610,983
- Total revenues: $63,936
- Total expenses: $309,466
- Total liabilities: $0
- Giving rate: 4.8% of assets
Revenue Composition (2023):
- Investment income and dividends: $144,082
- Net gain from sale of non-inventory assets: -$80,146
- Total grants and contributions: $0
Historical Comparison:
- 2022 total assets: $5,900,000
- 2022 total giving: $165,000
- 2022 number of grants: 10
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,601,322 | $5,610,983 | $5,853,935 |
| Revenue | $470,266 | $63,936 | $354,216 |
| Expenses | $479,631 | $309,466 | $213,964 |
| Qualifying Distributions | $437,386 | $272,024 | $165,000 |
| Net Investment Income | $427,641 | $104,352 | $317,238 |
| Distributable Amount | $311,341 | $284,608 | $267,613 |
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
62 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
The foundation's leadership team serves on a voluntary basis without compensation:
- Stephen Motsinger – President
- Louise Neaves – Vice President
- James Freeman – Treasurer and Secretary
- Chris Chatham – Trustee
- Frank Hendrick – Board Member
The foundation was established by members of the Chatham family, members of the Hanes family, and Chatham/Hanes-affiliated corporations.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MR STEPHEN MOTSINGER | PRESIDENT | 1 | — |
| MRS LOUISE NEAVES | VICE PRESIDENT | 1 | — |
| MR JAMES FREEMAN | TREASURER & SECRETARY | 1 | — |
| MR CHRIS CHATHAM | TRUSTEE | 1 | — |
| MR FRANK HENDRICK | BOARD MEMBER | 1 | — |
Contact Information
Mailing Address: Chatham Foundation Inc PO Box 295 Raleigh, NC 27602-0295
Phone: 919-716-8722
EIN: 56-0771852
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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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