Enact Foundation
Enact Foundation is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $156K in total assets. In 2024, it awarded 22 grants totaling $474K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$156K
+18.1% YoY
Annual Giving
$474K
-20.3% YoY
Grant Count
22
+10.0% YoY
Avg Grant Size
$22K
-27.6% YoY
Under IRS private-foundation payout rules, Enact Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Enact Foundation
Based on IRS filings
Enact Foundation is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $156K in total assets. In 2024, it awarded 22 grants totaling $474K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $156,386 | $132,382 | — |
| Revenue | $530,000 | $761,975 | $50,591 |
| Expenses | $505,996 | $629,593 | $50,591 |
| Qualifying Distributions | $473,740 | $594,728 | $10,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $16,469 | $13,358 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Blackbaud Giving Fund ($151,240), Habitat for Humanity International ($50,000), Homefree USA ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Habitat for Humanity International RALEIGH, NC | Charitable 501(c)(3) | $50,000 |
| Homefree USA Landover, MD | Charitable 501(c)(3) | $50,000 |
| Food Bank of Central & Eastern NC RALEIGH, NC | Charitable 501(c)(3) | $50,000 |
| CLEAN JORDAN LAKE CARY, NC | Charitable 501(c)(3) | $10,000 |
| Meals on Wheels for Wake County RALEIGH, NC | Charitable 501(c)(3) | $11,500 |
| Note in the Pocket RALEIGH, NC | Charitable 501(c)(3) | $15,000 |
| REBUILDING TOGETHER OF THE TRIANGLE RALEIGH, NC | Charitable 501(c)(3) | $15,000 |
| Resources for Seniors RALEIGH, NC | Charitable 501(c)(3) | $15,000 |
| RONALD MCDONALD HOUSE OF DURHAM AND WAKE INC DURHAM, NC | Charitable 501(c)(3) | $10,000 |
| The Center for Volunteer Caregiving CARY, NC | Charitable 501(c)(3) | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jose Bellido | Director | 1 | — |
| Susan Sullivan | Director | 1 | — |
| Melissa Hoffman | Director | 1 | — |
| Jorge Caceres | Director | 1 | — |
| Phillip Snow | Director | 1 | — |
| Lynn Shahabuddin | Director | 1 | — |
Frequently Asked Questions
How large is Enact Foundation?
As of 2024, Enact Foundation holds $156K in total assets with $530K in annual revenue. It awarded 22 grants totaling $474K in 2024.
Where does Enact Foundation operate?
Enact Foundation has awarded grants in California, Connecticut, Maryland, North Carolina, South Carolina.
What size grants does Enact Foundation award?
In 2024, Enact Foundation awarded 22 grants totaling $474K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Enact Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Enact Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Enact Foundation's EIN?
Enact Foundation's EIN (Employer Identification Number) is 88-3030341. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Enact Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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