Darragh Foundation Inc
Darragh Foundation Inc is a private foundation, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $454K in total assets. In 2024, it awarded 12 grants totaling $315K. Net investment income was $185K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$454K
-23.0% YoY
Annual Giving
$315K
+1475.0% YoY
Grant Count
12
+500.0% YoY
Avg Grant Size
$26K
+162.5% YoY
Under IRS private-foundation payout rules, Darragh Foundation Inc reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.
About Darragh Foundation Inc
Based on IRS filings
Darragh Foundation Inc is a private foundation, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $454K in total assets. In 2024, it awarded 12 grants totaling $315K. Net investment income was $185K.
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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 | $454,290 | $589,676 | $568,580 |
| Revenue | $185,412 | $50,873 | $75,968 |
| Expenses | $320,798 | $29,777 | $11,764 |
| Qualifying Distributions | $315,000 | $20,000 | — |
| Net Investment Income | $185,412 | $48,861 | $73,424 |
| Distributable Amount | $44,340 | $42,796 | $38,768 |
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
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rate Foundation - Team Gleason ($100,000), Holy Family Catholic Church ($30,000), Olph Catholic School ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Beaufort County Community CollegeFN Washington, NC | SCHOLARSHIP FUND | $20,000 |
| East Carolina University Education Greenville, NC | SCHOLARSHIP FUND | $20,000 |
| Catholic Inner City Schools Cincinnati, OH | SCHOLARSHIP FUND | $15,000 |
| Gateway House Inc Gainesville, GA | Charitable Contributions | $20,000 |
| Health Partners Charlotte, NC | Charitable Contributions | $20,000 |
| Holy Family Catholic Church Brentwood, TN | Charitable Contributions | $30,000 |
| Olph Catholic School Rocky Mount, NC | SCHOLARSHIP FUND | $30,000 |
| Rate Foundation - Team Gleason Chicago, IL | SCHOLARSHIP FUND | $100,000 |
| Saint Ignatius of Antioch Church Antioch, TN | Charitable Contributions | $20,000 |
| Special Olympics of SC Mount Pleasant, SC | Charitable Contributions | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD DARRAGH | Director | 2 | — |
| MILDRED DARRAGH | President | 2 | — |
| GORDON M DARRAGH | Vice President | 2 | — |
Frequently Asked Questions
How large is Darragh Foundation Inc?
As of 2024, Darragh Foundation Inc holds $454K in total assets with $185K in annual revenue. It awarded 12 grants totaling $315K in 2024.
Where does Darragh Foundation Inc operate?
Darragh Foundation Inc has awarded grants in Georgia, Illinois, Louisiana, North Carolina, Ohio, South Carolina, Tennessee.
What size grants does Darragh Foundation Inc award?
In 2024, Darragh Foundation Inc awarded 12 grants totaling $315K — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is Darragh Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Darragh Foundation Inc reported a distributable amount of $44K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Darragh Foundation Inc's EIN?
Darragh Foundation Inc's EIN (Employer Identification Number) is 65-0879191. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Darragh Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.