Floyd Foundation Inc
Floyd Foundation Inc is a private foundation, based in Kinston, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $767K in total assets. In 2025, it awarded 7 grants totaling $70K. Net investment income was $238K.
Floyd Foundation Inc at a glance
In short: Floyd Foundation Inc gave $70K across 7 grants in 2025 (avg $10K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,000
- -7.9% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $10,000
- -7.9% vs 2024
- Median grant
- $10,000
- Total assets
- $767,287
- +28.0% vs 2024
- Primary geography
- North Carolina (57% 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 Floyd Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Woodberry Forest School ($25K). Together the top 6 received $70K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 21 grants of 23 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Floyd Foundation Inc gives
- Giving grew 27% from 2022 to 2025. Method
- In 2025 it paid out 127% of its IRS minimum distribution (the 5% rule). 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 $40K (2023) to $76K (2024). In 2025 it made 7 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Woodberry Forest School Woodberry Forest, VA | Philanthropy | $25,000 |
| Lagrange Christian Church La Grange, NC | Philanthropy | $10,000 |
| First Baptist Church Kinston Kinston, NC | Philanthropy | $10,000 |
| Campbell University Buies Creek, NC | Philanthropy | $10,000 |
| Broad Swamp PH Church Kingstree, SC | Philanthropy | $5,000 |
| Lenoir Community College Kinston, NC | Dexter Floyd Scholarship | $5,000 |
| Lenoir Community College Kinston, NC | Greg Floyd Scholarship | $5,000 |
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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 | $767,287 | $243,931 | $76,005 | $70,000 | 7 | $70,522 | $237,910 | $55,369 |
| 2024 | $599,361 | $170,159 | $82,062 | $76,000 | 7 | $77,030 | $165,127 | $48,710 |
| 2023 | $504,800 | $17,507 | $46,310 | $40,000 | 5 | $41,204 | $13,501 | $36,770 |
| 2022 | $452,150 | $-44,998 | $59,735 | $55,000 | 2 | $55,000 | $57 | $36,985 |
| 2021 | $564,639 | $109,103 | $70,000 | $70,000 | 2 | $70,000 | $75,909 | $47,125 |
| 2020 | $525,536 | $165,434 | $60,000 | $60,000 | 3 | — | $42,554 | $31,395 |
| 2019 | $420,102 | $48,852 | $60,000 | $60,000 | 2 | — | $33,505 | $24,967 |
Under IRS private-foundation payout rules, Floyd Foundation Inc reported a distributable amount of $55K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Floyd Foundation Inc is led by Dexter Floyd, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dexter Floyd
President
On filings since 2019
1 hr/week
No compensation reported
Jennifer Floyd
Director
On filings since 2022
1 hr/week
No compensation reported
Dorothy Floyd
Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Gregory Floyd
Vice President
On filings since 2019
1 hr/week
No compensation reported
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.
Frequently asked questions about Floyd Foundation Inc
How much does Floyd Foundation Inc give each year?
Floyd Foundation Inc gave $70K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $76K across 7 grants.
What is Floyd Foundation Inc's typical grant size?
Floyd Foundation Inc's median grant in 2025 was $10,000, and its average grant was $10,000, across 7 grants on its 2025 IRS Form 990-PF.
Where does Floyd Foundation Inc give grants?
Floyd Foundation Inc gives mostly in North Carolina: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Virginia (36%) and South Carolina (7%). The most frequent recipient cities were Kinston, NC (3 grants).
Does Floyd Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Floyd Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Philanthropy" (5 grants).
Who are Floyd Foundation Inc's largest grantees?
Floyd Foundation Inc's largest 2025 grantees include Woodberry Forest School ($25,000), Lagrange Christian Church ($10,000) and First Baptist Church Kinston ($10,000), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.
How large is Floyd Foundation Inc?
Floyd Foundation Inc reported $767K in total assets on its 2025 IRS Form 990-PF. It paid out $71K in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets).
What is Floyd Foundation Inc's EIN?
Floyd Foundation Inc's EIN (Employer Identification Number) is 56-2151235. 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
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 3, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Floyd Foundation Inc's focus areas in our free grants database
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