Edwards-hobgood Foundation Inc

Foundation · Grantmaker RALEIGH, NC EIN: 56-1789818

Edwards-hobgood Foundation Inc is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $202K in total assets. In 2024, it awarded 4 grants totaling $8K. Net investment income was $17K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$202K

+1.4% YoY

Annual Giving

$8K

+508.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$2K

+204.0% YoY

Under IRS private-foundation payout rules, Edwards-hobgood Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Edwards-hobgood Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $13K (36%)

Kentucky $10K (29%)

South Carolina $6K (18%)

Kansas $6K (17%)

District of Columbia $100 (0%)

States

District of Columbia Kansas Kentucky North Carolina South Carolina

Cities

CaryCharlotteEdgefieldEl DoradoLexingtonRaleighRoxboroWashington Dc

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$202,469	$199,627	$199,652
Revenue	$15,932	$6,400	$2,233
Expenses	$13,063	$6,482	$8,071
Qualifying Distributions	$7,600	$1,250	$4,718
Net Investment Income	$16,882	$6,365	$2,363
Distributable Amount	$9,667	$9,744	$9,633

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

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Roof Above ($4,000), Nwtf ($2,500), Interact ($1,000).

Recipient	Purpose	Amount
INTERACT RALEIGH, NC	NEEDS	$1,000
NWTF EDGEFIELD, SC	NEEDS	$2,500
BLOOD CANCER UNITED WASHINGTON DC, DC	NEEDS	$100
ROOF ABOVE CHARLOTTE, NC	NEEDS	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
AL HOBGOOD IV	PRES/SEC	—	—
ELIZABETH H WELLONS	VP/SEC	—	—
THOMAS A HOBGOOD	DIRECTOR	—	—
KENNETH E HOBGOOD	TREAS/DIR	—	—

Frequently Asked Questions

How large is Edwards-hobgood Foundation Inc?

As of 2024, Edwards-hobgood Foundation Inc holds $202K in total assets with $16K in annual revenue. It awarded 4 grants totaling $8K in 2024.

Where does Edwards-hobgood Foundation Inc operate?

Edwards-hobgood Foundation Inc has awarded grants in District of Columbia, Kansas, Kentucky, North Carolina, South Carolina.

What size grants does Edwards-hobgood Foundation Inc award?

In 2024, Edwards-hobgood Foundation Inc awarded 4 grants totaling $8K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Edwards-hobgood Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Edwards-hobgood Foundation Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Edwards-hobgood Foundation Inc's EIN?

Edwards-hobgood Foundation Inc's EIN (Employer Identification Number) is 56-1789818. IRS Form 990 filing data is available on this page for 2020–2024.