Colonial Foundation Inc
Colonial Foundation Inc is a private foundation, based in Salisbury, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $67K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $5K.
Colonial Foundation Inc at a glance
In short: Colonial Foundation Inc gave $2K across 2 grants in 2024 (avg $1K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,000
- -13.0% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $1,000
- +30.4% vs 2023
- Median grant
- $1,000
- Total assets
- $66,703
- +5.1% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Colonial Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Trininty Lutheran Church ($2K). Together the top 2 received $2K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Colonial Foundation Inc gives
- Giving fell 39% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2024) to $3K (2022). In 2024 it made 2 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Trininty Lutheran Church Landis, NC | Assist with Operating Expenses | $1,500 |
| Salisbury Academy Salisbury, NC | Assist with Operating Expenses | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $66,703 | $6,641 | $3,407 | $2,000 | 2 | $2,000 | $5,017 |
| 2023 | $63,469 | $3,726 | $3,573 | $2,300 | 3 | $2,300 | $2,794 |
| 2022 | $63,316 | $5,476 | $4,547 | $3,300 | 3 | $3,300 | $3,695 |
| 2021 | $62,387 | $10,187 | $4,546 | $3,300 | 3 | $3,300 | $4,115 |
| 2020 | $56,746 | $3,573 | $4,351 | $3,300 | 3 | — | $2,986 |
Leadership & Key People
Officers and directors from IRS filings
Colonial Foundation Inc is led by John Lipe, Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
John Lipe
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Colonial Foundation Inc
How much does Colonial Foundation Inc give each year?
Colonial Foundation Inc gave $2K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 3 grants.
How large is Colonial Foundation Inc?
Colonial Foundation Inc reported $67K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $7K.
Where does Colonial Foundation Inc operate?
Colonial Foundation Inc has awarded grants in North Carolina.
What is Colonial Foundation Inc's EIN?
Colonial Foundation Inc's EIN (Employer Identification Number) is 56-6047503. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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