Elias S Faison Foundation
Elias S Faison Foundation is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 1 grant totaling $105K. Net investment income was $654K.
Key facts about Elias S Faison Foundation
- EIN
- 56-6052820
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $104,676
- Grants made (2024)
- 1
- Average grant
- $104,676
- Median grant
- $104,676
- Total assets
- $2,054,522
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Elias S Faison Foundation gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 it paid out 112% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Elias S Faison Foundation
- How to evaluate Elias S Faison Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+36.7% YoY
Annual Giving
$105K
+10.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$105K
+10.6% YoY
Under IRS private-foundation payout rules, Elias S Faison Foundation reported a distributable amount of $94K for 2024 — the minimum it must pay out in qualifying distributions.
About Elias S Faison Foundation
Based on IRS filings
Elias S Faison Foundation is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 1 grant totaling $105K. Net investment income was $654K.
Ready to take the next step with Elias S Faison Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,054,522 | $1,503,207 | $1,557,849 |
| Revenue | $670,903 | $55,014 | $53,583 |
| Expenses | $121,285 | $109,308 | $117,048 |
| Qualifying Distributions | $104,676 | $94,617 | $101,043 |
| Net Investment Income | $654,294 | $41,505 | $37,849 |
| Distributable Amount | $93,771 | $93,402 | $77,771 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Mecklenburg County Medical Society ($104,676).
| Recipient | Purpose | Amount |
|---|---|---|
| MECKLENBURG COUNTY MEDICAL SOCIETY Charlotte, NC | Medical Society meetings and lectures | $104,676 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Justin P Favaro | Director | — | — |
| Anthony Caprio MD | Director | — | — |
| Kristine M Crimmins MD | Director | — | — |
| Christopher E Lord MD | Director | — | — |
| Jules Hurley MD | Director | — | — |
| Freeman R Jackson Jr MD | Director | — | — |
| Angela M Baker | Director | — | — |
| Joshua Surowitz MD | Sec / Treasurer | — | — |
| Brandon W Conner MD | Director | — | — |
| M Faison Knox MD | President | — | — |
| May Brian | Director | — | — |
| P Susanne Miller PA-C | Director | — | — |
| Scott M Paviol MD | Past President | — | — |
| Chirag K Patel MD | President-Elect | — | — |
| Reed Friend MD | Director | — | — |
| Bonnie Coyle Ronco MD MS | Ex-Officio | — | — |
| Kiki Koufaliotis | Executive Dir. | — | — |
| Rebecca E Hayes MD FAAFP | Ex-Officio | — | — |
| Hannah Florian MD | Director | — | — |
| Swanson Doug | Ex-Officio | — | — |
| Scott Adams DO PhD | Director | — | — |
| Euphemia W Mu MD | Director | — | — |
| Preeya A Patel DO | Director | — | — |
| Lamiaa Tolba DMSc PA-C | Director | — | — |
| Zachary Morehouse DO MS | Director | — | — |
| Ricky McCormick MD | Director | — | — |
Frequently Asked Questions
How large is Elias S Faison Foundation?
As of 2024, Elias S Faison Foundation holds $2.1M in total assets with $671K in annual revenue. It awarded 1 grant totaling $105K in 2024.
Where does Elias S Faison Foundation operate?
Elias S Faison Foundation has awarded grants in North Carolina.
What size grants does Elias S Faison Foundation award?
In 2024, Elias S Faison Foundation awarded 1 grant totaling $105K — an average of about $105K per grant, based on its IRS Form 990 filings.
How much is Elias S Faison Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Elias S Faison Foundation reported a distributable amount of $94K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Elias S Faison Foundation's EIN?
Elias S Faison Foundation's EIN (Employer Identification Number) is 56-6052820. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.