Durham Fdn - Boone FD for Elon Coll
Durham Fdn - Boone FD for Elon Coll is a private foundation, based in Orlando, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $193K in total assets. In 2025, it awarded 1 grant totaling $8K. Net investment income was $19K.
Durham Fdn - Boone FD for Elon Coll at a glance
In short: Durham Fdn - Boone FD for Elon Coll gave $8K across 1 grant in 2025 (avg $8K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,094
- +13.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $8,094
- +13.4% vs 2024
- Median grant
- $8,094
- Total assets
- $193,144
- +4.1% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Durham Fdn - Boone FD for Elon Coll funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Elon University ($8K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Durham Fdn - Boone FD for Elon Coll gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 96% 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 $7K (2020) to $9K (2022). In 2025 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elon University Town of Elon, NC | General Operating | $8,094 |
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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 | $193,144 | $18,716 | $10,986 | $8,094 | 1 | $10,635 | $18,605 | $11,033 |
| 2024 | $185,450 | $12,936 | $9,753 | $7,136 | 1 | $9,677 | $12,830 | $10,635 |
| 2023 | $182,189 | $-3,601 | $10,109 | $7,488 | 1 | $10,029 | $4,502 | $9,677 |
| 2022 | $195,893 | $10,571 | $11,982 | $8,606 | 1 | $11,147 | $10,418 | $10,029 |
| 2021 | $196,794 | $32,530 | $10,033 | $7,013 | 1 | $9,554 | $32,408 | $11,147 |
| 2020 | $174,718 | $15,690 | $9,633 | $6,994 | 1 | — | $15,598 | $9,554 |
| 2019 | $168,778 | $7,900 | $10,103 | $7,314 | 1 | — | $7,777 | $9,535 |
Under IRS private-foundation payout rules, Durham Fdn - Boone FD for Elon Coll reported a distributable amount of $11K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Durham Fdn - Boone FD for Elon Coll's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Truist Bank
Trustee
On filings since 2021
2 hrs/week
$82 (2021) → $82 (2025)
Former officers (1)
- Former: Truist Bank FKA Suntrust Bank (2019–2020) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $82, to Truist Bank (Trustee).
Frequently asked questions about Durham Fdn - Boone FD for Elon Coll
How much does Durham Fdn - Boone FD for Elon Coll give each year?
Durham Fdn - Boone FD for Elon Coll gave $8K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 1 grant.
How large is Durham Fdn - Boone FD for Elon Coll?
Durham Fdn - Boone FD for Elon Coll reported $193K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $11K (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.
Where does Durham Fdn - Boone FD for Elon Coll operate?
Durham Fdn - Boone FD for Elon Coll has awarded grants in North Carolina.
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 18, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 16, 2026)
- IRS filings on file for fiscal years 2019–2025
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