Coats North America Educational Foundation is a private foundation focused on Education, based in MARION, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 7 grants totaling $54K. Net investment income was $75K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$830K
+2.8% YoY
Annual Giving
$54K
+1237.5% YoY
Grant Count
7
+250.0% YoY
Avg Grant Size
$8K
+282.1% YoY
Under IRS private-foundation payout rules, Coats North America Educational Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About Coats North America Educational Foundation
Based on IRS filings
Coats North America Educational Foundation is a private foundation focused on Education, based in MARION, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 7 grants totaling $54K. Net investment income was $75K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $829,911 | $807,422 | $784,576 |
| Revenue | $82,773 | $27,355 | $45,142 |
| Expenses | $61,092 | $4,249 | $27,999 |
| Qualifying Distributions | $53,500 | $4,000 | $26,130 |
| Net Investment Income | $75,181 | $27,106 | $44,216 |
| Distributable Amount | $41,873 | $37,021 | $35,830 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include North Elementary School ($12,800), West Marion Elementary School ($10,700), Aliah Garcia ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AERYN ALLEN HENDERSONVILLE, NC | EDUCATIONAL SCHOLARSHIP | $2,000 |
| ALIAH GARCIA BREVARD, NC | EDUCATIONAL SCHOLARSHIP | $8,000 |
| ELIZABETH CALLOWAY NEWLAND, NC | EDUCATIONAL SCHOLARSHIP | $8,000 |
| JOSHUA ROBINSON KINGS MOUNTAIN, NC | EDUCATIONAL SCHOLARSHIP | $8,000 |
| NORTH ELEMENTARY SCHOOL KINGS MOUNTAIN, NC | EDUCATIONAL SCHOLARSHIP | $12,800 |
| TAYLOR STROUD MARION, NC | EDUCATIONAL SCHOLARSHIP | $4,000 |
| WEST MARION ELEMENTARY SCHOOL MARION, NC | EDUCATIONAL SCHOLARSHIP | $10,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICOLE DEVINE | TREASURER | 0.4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Coats North America Educational Foundation?
Coats North America Educational Foundation is a private foundation focused on Education, based in MARION, NC. It holds $830K in total assets as of 2024.
How large is Coats North America Educational Foundation?
As of 2024, Coats North America Educational Foundation holds $830K in total assets with $83K in annual revenue. It awarded 7 grants totaling $54K in 2024.
Where does Coats North America Educational Foundation operate?
Coats North America Educational Foundation has awarded grants in Georgia, North Carolina, South Carolina.
What size grants does Coats North America Educational Foundation award?
In 2024, Coats North America Educational Foundation awarded 7 grants totaling $54K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Coats North America Educational Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Coats North America Educational Foundation reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Coats North America Educational Foundation's EIN?
Coats North America Educational Foundation's EIN (Employer Identification Number) is 56-6093510. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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