Durham Fdn - Boone Fd for Elon Coll

ORLANDO, FL EIN: 56-6038009

Durham Fdn - Boone Fd for Elon Coll is a private foundation, based in ORLANDO, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 1 grants totaling $7K. Net investment income was $13K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$185K

+1.8% YoY

Annual Giving

$7K

-4.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

-4.7% YoY

Under IRS private-foundation payout rules, Durham Fdn - Boone Fd for Elon Coll reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.

About Durham Fdn - Boone Fd for Elon Coll

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $37K (100%)

States

North Carolina

Cities

Town Of Elon

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$185,450	$182,189	$195,893
Revenue	$12,936	$-3,601	$10,571
Expenses	$9,753	$10,109	$11,982
Qualifying Distributions	$9,677	$10,029	$11,147
Net Investment Income	$12,830	$4,502	$10,418
Distributable Amount	$10,635	$9,677	$10,029

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Elon University ($7,136).

Recipient	Purpose	Amount
ELON UNIVERSITY TOWN OF ELON, NC	GENERAL OPERATING	$7,136

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
TRUIST BANK	TRUSTEE	2	$82

Frequently Asked Questions

How large is Durham Fdn - Boone Fd for Elon Coll?

As of 2024, Durham Fdn - Boone Fd for Elon Coll holds $185K in total assets with $13K in annual revenue. It awarded 1 grants totaling $7K in 2024.

Where does Durham Fdn - Boone Fd for Elon Coll operate?

Durham Fdn - Boone Fd for Elon Coll has awarded grants in North Carolina.

What size grants does Durham Fdn - Boone Fd for Elon Coll award?

In 2024, Durham Fdn - Boone Fd for Elon Coll awarded 1 grants totaling $7K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Durham Fdn - Boone Fd for Elon Coll required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Durham Fdn - Boone Fd for Elon Coll reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Durham Fdn - Boone Fd for Elon Coll's EIN?

Durham Fdn - Boone Fd for Elon Coll's EIN (Employer Identification Number) is 56-6038009. IRS Form 990 filing data is available on this page for 2020–2024.