Doubleon Foundation Inc
Doubleon Foundation Inc is a private foundation focused on public and societal benefit, based in Fallston, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $88K in total assets. In 2025, it awarded 7 grants totaling $8K. Net investment income was $2K.
Doubleon Foundation Inc at a glance
In short: Doubleon Foundation Inc gave $8K across 7 grants in 2025 (avg $1K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,045
- -26.9% vs 2024
- Grants made (2025)
- 7
- +16.7% vs 2024
- Average grant
- $1,149
- -37.3% vs 2024
- Median grant
- $1,000
- Total assets
- $87,684
- -7.6% vs 2024
- Primary geography
- North Carolina (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Doubleon Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Friendship Church ($4K). Together the top 7 received $8K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Doubleon Foundation Inc gives
- Giving grew 101% from 2022 to 2025. Method
- In 2025 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $4K (2022) to $11K (2024). In 2025 it made 7 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friendship Church Fallston, NC | Program Support | $4,000 |
| Generation Hope Chantilly, VA | Program Support | $1,000 |
| John Locke Foundation Raleigh, NC | Program support | $1,000 |
| Burns High School FFA Lawndale, NC | Program support | $1,000 |
| Hospice Cleveland County Foundation Shelby, NC | Program support | $500 |
| Victory Life Church Lincolnton, NC | Program support | $500 |
| NC Sheriffs Association Raleigh, NC | Program support | $45 |
Ready to take the next step with Doubleon Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $87,684 | $1,874 | $9,121 | $8,045 | 7 | $8,945 | $1,698 | $13,202 |
| 2024 | $94,931 | $15,639 | $12,000 | $11,000 | 6 | $11,900 | $12,639 | $10,959 |
| 2023 | $91,292 | $7,202 | $10,739 | $9,900 | 10 | $10,700 | $7,163 | $8,690 |
| 2022 | $94,829 | $3,199 | $5,150 | $4,000 | 4 | $4,750 | $2,799 | $8,799 |
| 2021 | $96,780 | $47,118 | $11,517 | $11,000 | 8 | $11,500 | $28,781 | $9,230 |
| 2020 | $61,179 | $1,288 | $5,961 | $5,500 | 6 | — | $1,237 | $5,704 |
| 2019 | $65,852 | $5,050 | $5,400 | $5,000 | 5 | — | $5,050 | $5,106 |
Under IRS private-foundation payout rules, Doubleon Foundation Inc reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Doubleon Foundation Inc is led by Douglas L. Leonhardt, President Director & Secretarytreasurer Director on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Douglas L. Leonhardt
President Director & Secretarytreasurer Director
On filings since 2019
5 hrs/week
No compensation reported
Richard Brown
Director
On filings since 2019
1 hr/week
No compensation reported
Robin Short
Director
On filings since 2019
1 hr/week
No compensation reported
Martie L. Jewell
Vice President Director
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Doubleon Foundation Inc
How much does Doubleon Foundation Inc give each year?
Doubleon Foundation Inc gave $8K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 6 grants.
What is Doubleon Foundation Inc's typical grant size?
Doubleon Foundation Inc's median grant in 2025 was $1,000, and its average grant was $1,149, across 7 grants on its 2025 IRS Form 990-PF.
Where does Doubleon Foundation Inc give grants?
Doubleon Foundation Inc gives mostly in North Carolina: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Virginia (12%). The most frequent recipient cities were Raleigh, NC (2 grants).
Does Doubleon Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Doubleon Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (7 grants).
Who are Doubleon Foundation Inc's largest grantees?
Doubleon Foundation Inc's largest 2025 grantees include Friendship Church ($4,000), Generation Hope ($1,000) and John Locke Foundation ($1,000), according to its 2025 IRS Form 990-PF. Together they received 75% of its itemized 2025 grant dollars.
How large is Doubleon Foundation Inc?
Doubleon Foundation Inc reported $88K in total assets on its 2025 IRS Form 990-PF. It paid out $9K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Doubleon Foundation Inc?
Doubleon Foundation Inc is a private foundation focused on public and societal benefit, based in Fallston, NC. It holds $88K in total assets as of 2025.
What is Doubleon Foundation Inc's EIN?
Doubleon Foundation Inc's EIN (Employer Identification Number) is 83-1317647. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
Explore Open Grants
Browse active grant opportunities in Doubleon Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in North Carolina
Silicon Valley Community Foundation
Mountain View, CA
Silicon Valley Community Foundation funds work in areas such as housing, economic security, education, health, the environment, arts and culture, and civic engagement, with Community Action Grants supporting local, community-led organizations in San Mateo and Santa Clara counties. Its 2024 grants had a median of $51,716, though amounts varied widely; applications depend on the program, and SVCF states that it does not accept unsolicited proposals for advised funds.
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
McKesson Foundation Inc
Dallas, TX
The McKesson Foundation funds cancer support and care, healthcare workforce pathways, and emergency response, with grants mainly supporting organizations in the United States and Canada. Its 2025 grants had a median of $100,000, though amounts ranged from $10,000 to about $2.47 million. Its filing says it does not accept unsolicited requests, while its application page describes an online application process with stated submission windows.
Assets
$1.6M
Grants
76
Total Given
$16.6M
State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
$61.0M
Grants
1,806
Total Given
$17.4M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Dogwood Health Trust
Asheville, NC
Dogwood Health Trust funds work in housing, education, economic opportunity, and health and wellness that improves wellbeing in Western North Carolina, including its 18 counties and the Qualla Boundary. Its 2024 grants ranged from $2,000 to $21 million, with a median of $37,500; application requirements vary by funding opportunity.
Assets
$2.0B
Grants
835
Total Given
$148.2M
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Doubleon Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Doubleon Foundation Inc down — hundreds of funders to go?