Edwards-Hobgood Foundation Inc
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.
Edwards-Hobgood Foundation Inc at a glance
In short: Edwards-Hobgood Foundation Inc gave $8K across 4 grants in 2024 (avg $2K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,600
- +508.0% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $1,900
- +204.0% vs 2023
- Median grant
- $1,750
- Total assets
- $202,469
- +1.4% vs 2023
- Primary geography
- North Carolina (66% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Edwards-Hobgood Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Roof Above ($4K). Together the top 4 received $8K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Edwards-Hobgood Foundation Inc gives
- Giving fell 29% from 2021 to 2024. Method
- In 2024 it paid out 79% 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 2020 to 2024, annual grant giving ranged from $1K (2023) to $11K (2020). In 2024 it made 4 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Roof Above Charlotte, NC | NEEDS | $4,000 |
| NWTF Edgefield, SC | NEEDS | $2,500 |
| Interact Raleigh, NC | NEEDS | $1,000 |
| Blood Cancer United Washington DC, DC | NEEDS | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $202,469 | $15,932 | $13,063 | $7,600 | 4 | $7,600 | $16,882 | $9,667 |
| 2023 | $199,627 | $6,400 | $6,482 | $1,250 | 2 | $1,250 | $6,365 | $9,744 |
| 2022 | $199,652 | $2,233 | $8,071 | $4,718 | 5 | $4,718 | $2,363 | $9,633 |
| 2021 | $188,611 | $1,820 | $15,549 | $10,700 | 5 | $10,700 | $1,820 | $12,164 |
| 2020 | $202,340 | $13,256 | $15,471 | $10,750 | 5 | — | $4,505 | $11,312 |
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.
Leadership & Key People
Officers and directors from IRS filings
Edwards-Hobgood Foundation Inc is led by Al Hobgood IV, President & Secretary on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Al Hobgood IV
President & Secretary
On filings since 2020
No compensation reported
Kenneth E. Hobgood
Treasurer & Director
On filings since 2020
No compensation reported
Thomas A. Hobgood
Director
On filings since 2020
No compensation reported
Elizabeth H. Wellons
Vice President & Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Edwards-Hobgood Foundation Inc
How much does Edwards-Hobgood Foundation Inc give each year?
Edwards-Hobgood Foundation Inc gave $8K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 2 grants.
What is Edwards-Hobgood Foundation Inc's typical grant size?
Edwards-Hobgood Foundation Inc's median grant in 2024 was $1,750, and its average grant was $1,900, across 4 grants on its 2024 IRS Form 990-PF.
Where does Edwards-Hobgood Foundation Inc give grants?
Edwards-Hobgood Foundation Inc gives mostly in North Carolina: 66% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (33%).
Does Edwards-Hobgood Foundation Inc give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Edwards-Hobgood Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Needs" (4 grants).
How large is Edwards-Hobgood Foundation Inc?
Edwards-Hobgood Foundation Inc reported $202K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $10K (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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in North Carolina
North Carolina Open opportunities, soonest deadline first.
- Dare Education Foundation Whole-School Grant Program Up to $10,000 · Due October 16, 2026
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- Juanita Abell Pyle Scholarship (Community Foundation of Southwest Kansas) $3,000 per school year, payable for up to 5 semesters · Due June 30, 2027
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