Dr Michael & Sophia Yarborough is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $654K in total assets. In 2024, it awarded 4 grants totaling $90K. Net investment income was $101K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$654K
+1.0% YoY
Annual Giving
$90K
-42.9% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$23K
-14.3% YoY
Under IRS private-foundation payout rules, Dr Michael & Sophia Yarborough reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Dr Michael & Sophia Yarborough
Based on IRS filings
Dr Michael & Sophia Yarborough is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $654K in total assets. In 2024, it awarded 4 grants totaling $90K. Net investment income was $101K.
Focus Areas
Ready to take the next step with Dr Michael & Sophia Yarborough?
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 | $654,175 | $647,508 | $740,425 |
| Revenue | $117,249 | $81,136 | $99,503 |
| Expenses | $108,169 | $173,530 | $120,600 |
| Qualifying Distributions | $90,000 | $157,500 | $103,500 |
| Net Investment Income | $100,768 | $66,804 | $84,133 |
| Distributable Amount | $58,366 | $49,776 | $52,429 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mayo Clinic Foundation ($50,000), Best Friends Animal Society ($20,000), First Presbyterian Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST PRESBYTERIAN CHURCH RALEIGH, NC | CONTINUED FINANCIAL SUPPORT | $10,000 |
| FOOD BANK OF EASTERN NC RALEIGH, NC | FINANCIAL SUPPORT | $10,000 |
| MAYO CLINIC FOUNDATION ROCHESTER, MN | CONTINUED FINANCIAL SUPPORT | $50,000 |
| BEST FRIENDS ANIMAL SOCIETY KANAB, UT | FINANCIAL SUPPORT | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR MICHAEL F YARBOROUGH | CHAIRMAN/PRESIDENT | 2 | — |
| BEN M YARBOROUGH | VICE PRESIDENT/SECY/TREASU | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Dr Michael & Sophia Yarborough?
Dr Michael & Sophia Yarborough is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $654K in total assets as of 2024.
How large is Dr Michael & Sophia Yarborough?
As of 2024, Dr Michael & Sophia Yarborough holds $654K in total assets with $117K in annual revenue. It awarded 4 grants totaling $90K in 2024.
Where does Dr Michael & Sophia Yarborough operate?
Dr Michael & Sophia Yarborough has awarded grants in Colorado, Minnesota, North Carolina, Utah.
What size grants does Dr Michael & Sophia Yarborough award?
In 2024, Dr Michael & Sophia Yarborough awarded 4 grants totaling $90K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Dr Michael & Sophia Yarborough required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dr Michael & Sophia Yarborough reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dr Michael & Sophia Yarborough's EIN?
Dr Michael & Sophia Yarborough's EIN (Employer Identification Number) is 83-0491533. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dr Michael & Sophia Yarborough's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
North Carolina Community Foundation
RALEIGH, NC
Assets
$569.1M
Grants
732
Total Given
$30.6M
Duke Energy Foundation
CHARLOTTE, NC
Assets
$1.9M
Grants
41
Total Given
$25.6M
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Triangle Community Foundation Inc
DURHAM, NC
Assets
$311.2M
Grants
558
Total Given
$23.4M
The Winston-Salem Foundation
WINSTONSALEM, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Natl Christian Charitable Fdn Inc
ALPHARETTA, GA
Assets
$6.1B
Grants
16,327
Total Given
$2.6B
The Ayco Charitable Foundation
COHOES, NY
Assets
$1.2B
Grants
4,719
Total Given
$287.7M
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Dr Michael & Sophia Yarborough on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Dr Michael & Sophia Yarborough to a real strategy.