Foundation 2540 Inc
Foundation 2540 Inc is a private foundation, based in Mocksville, NC. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $189K in total assets. In 2025, it awarded 8 grants totaling $130K. Net investment income was $18K.
Foundation 2540 Inc at a glance
In short: Foundation 2540 Inc gave $130K across 8 grants in 2025 (avg $16K), top state Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $130,200
- +3.7% vs 2024
- Grants made (2025)
- 8
- -11.1% vs 2024
- Average grant
- $16,275
- +16.7% vs 2024
- Median grant
- $14,375
- Total assets
- $188,668
- +21.3% vs 2024
- Primary geography
- Texas (23% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Foundation 2540 Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Ananias House ($30K). Together the top 8 received $130K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 27 grants of 28 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Foundation 2540 Inc gives
- Giving fell 62% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2022 to 2025, annual grant giving ranged from $125K (2023) to $345K (2022). In 2025 it made 8 grants totaling $130K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ananias House Houston, TX | Provide Support | $30,000 |
| Ozark Wilderness Boys Camp Fredericktown, MO | Provide Support | $30,000 |
| Crossroads Care Clinic Statesville, NC | Provide Support | $20,000 |
| New Horizons for Children Mentor, OH | Provide Support | $18,750 |
| Strait Paths Foundation Ronks, PA | Provide Support | $10,000 |
| Wycliffe Bible Translators Orlando, FL | Provide Support | $10,000 |
| On This Rock Foundation Elverta, CA | Provide Support | $6,450 |
| Restoration Church Woodleaf, NC | Provide Support | $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 | $188,668 | $164,102 | $132,510 | $130,200 | 8 | $130,200 | $17,991 | $8,301 |
| 2024 | $155,576 | $237,915 | $127,900 | $125,500 | 9 | $125,500 | — | — |
| 2023 | $45,561 | $161,419 | $127,925 | $125,000 | 5 | $125,000 | — | — |
| 2022 | $12,067 | $34,743 | $345,650 | $345,000 | 6 | $345,000 | — | — |
Under IRS private-foundation payout rules, Foundation 2540 Inc reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Foundation 2540 Inc is led by David Weaver, Chairman on every filing since 2022; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Weaver
Chairman
On filings since 2022
No compensation reported
Bobby Eaton
Board Member
On filings since 2022
No compensation reported
Justus Eaton
Secretary
On filings since 2022
No compensation reported
Daniel L. Clark
Treasurer
On filings since 2024
No compensation reported
Christa Ramirez
Board Member
New on the 2025 filing
No compensation reported
Clint Junker
Vice Chairman
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Matthew Peachey (2022–2024) — Vice Chairman
- Former: Paul D. Weaver (2022–2023) — Treasurer
Data from IRS Form 990 filings, 2022–2025. "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 Foundation 2540 Inc
How much does Foundation 2540 Inc give each year?
Foundation 2540 Inc gave $130K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $126K across 9 grants.
What is Foundation 2540 Inc's typical grant size?
Foundation 2540 Inc's median grant in 2025 was $14,375, and its average grant was $16,275, across 8 grants on its 2025 IRS Form 990-PF.
Where does Foundation 2540 Inc give grants?
Foundation 2540 Inc's top state is Texas, with 23% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Missouri (23%) and North Carolina (19%).
Does Foundation 2540 Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Foundation 2540 Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide Support" (8 grants).
Who are Foundation 2540 Inc's largest grantees?
Foundation 2540 Inc's largest 2025 grantees include Ananias House ($30,000), Ozark Wilderness Boys Camp ($30,000) and Crossroads Care Clinic ($20,000), according to its 2025 IRS Form 990-PF. Together they received 61% of its itemized 2025 grant dollars.
How large is Foundation 2540 Inc?
Foundation 2540 Inc reported $189K in total assets on its 2025 IRS Form 990-PF. It paid out $130K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is Foundation 2540 Inc's EIN?
Foundation 2540 Inc's EIN (Employer Identification Number) is 86-3072089. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2022–2024
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