Doubleon Foundation Inc

FALLSTON, NC EIN: 83-1317647

Doubleon Foundation Inc is a private foundation focused on Public, Societal Benefit, based in FALLSTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $95K in total assets. In 2024, it awarded 6 grants totaling $11K. Net investment income was $13K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$95K

+4.0% YoY

Annual Giving

$11K

+11.1% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$2K

+85.2% YoY

Under IRS private-foundation payout rules, Doubleon Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.

About Doubleon Foundation Inc

Based on IRS filings

Focus Areas

Public, Societal Benefit

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $31K (75%)

New York $5K (12%)

Virginia $3K (6%)

Pennsylvania $2K (5%)

California $1K (2%)

States

California North Carolina New York Pennsylvania Virginia

Cities

AlexandriaBooneChantillyCharlotteFallstonHarmonyLawndaleNew YorkPinevillePittsburghRaleighRichmondShelbyStonevilleWinston Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$94,931	$91,292	$94,829
Revenue	$15,639	$7,202	$3,199
Expenses	$12,000	$10,739	$5,150
Qualifying Distributions	$11,900	$10,700	$4,750
Net Investment Income	$12,639	$7,163	$2,799
Distributable Amount	$10,959	$8,690	$8,799

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

34 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Friendship Church ($5,000), Human Rights Foundation ($2,000), Samaritans Purse ($2,000).

Recipient	Purpose	Amount
Human Rights Foundation New York, NY	Program support	$2,000
Association for the Welfare of Anim Shelby, NC	Program Support	$500
Friendship Church Fallston, NC	Program Support	$5,000
Generation Hope Chantilly, VA	Program Support	$500
Samaritans Purse Boone, NC	Program support	$2,000
Pleasant Grove Baptist Church Shelby, NC	Program support	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DOUGLAS L LEONHARDT	PRESIDENT DIRECTOR	5	—
MARTIE L JEWELL	VICE-PRESIDENT DIRECTOR	1	—
DOUGLAS LEONHARDT	SECRETARYTREASURER DIRECTOR	1	—
ROBIN SHORT	DIRECTOR	1	—
RICHARD BROWN	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Public, Societal Benefit

Frequently Asked Questions

What is Doubleon Foundation Inc?

Doubleon Foundation Inc is a private foundation focused on Public, Societal Benefit, based in FALLSTON, NC. It holds $95K in total assets as of 2024.

How large is Doubleon Foundation Inc?

As of 2024, Doubleon Foundation Inc holds $95K in total assets with $16K in annual revenue. It awarded 6 grants totaling $11K in 2024.

Where does Doubleon Foundation Inc operate?

Doubleon Foundation Inc has awarded grants in California, North Carolina, New York, Pennsylvania, Virginia.

What size grants does Doubleon Foundation Inc award?

In 2024, Doubleon Foundation Inc awarded 6 grants totaling $11K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Doubleon Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Doubleon Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.