Foundation 2540 Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALISBURY, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $156K in total assets. In 2024, it awarded 9 grants totaling $126K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$156K
+241.5% YoY
Annual Giving
$126K
+0.4% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$14K
-44.2% YoY
About Foundation 2540 Inc
Based on IRS filings
Foundation 2540 Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALISBURY, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $156K in total assets. In 2024, it awarded 9 grants totaling $126K.
Focus Areas
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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 | $155,576 | $45,561 | $12,067 |
| Revenue | $237,915 | $161,419 | $34,743 |
| Expenses | $127,900 | $127,925 | $345,650 |
| Qualifying Distributions | $125,500 | $125,000 | $345,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Crossroads Care Clinic ($35,000), Living Waters Assembly ($25,000), Chazak ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STRAIT PATHS FOUNDATION RONKS, PA | PROVIDE SUPPORT | $10,000 |
| CHAZAK GAP, PA | PROVIDE SUPPORT | $20,000 |
| LIVING WATERS ASSEMBLY CLEVELAND, NC | PROVIDE SUPPORT | $25,000 |
| CROSSROADS CARE CLINIC STATESVILLE, NC | PROVIDE SUPPORT | $35,000 |
| I58 LANCASTER, PA | PROVIDE SUPPORT | $5,000 |
| POWER CROSS MINISTRIES STATESVILLE, NC | PROVIDE SUPPORT | $5,000 |
| RIVER OF LIFE FELLOWSHIP CHURCH MIDDLEBURY, IN | PROVIDE SUPPORT | $3,000 |
| RIVER OF LIFE FELLOWSHIP WOOSTER, OH | PROVIDE SUPPORT | $20,000 |
| WYCLIFFE BIBLE TRANSLATORS ORLANDO, FL | PROVIDE SUPPORT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL L CLARK | TREASURER | — | — |
| BOBBY EATON | BOARD MEMBER | — | — |
| DAVID WEAVER | CHAIRMAN | — | — |
| JUSTUS EATON | SECRETARY | — | — |
| MATTHEW PEACHEY | VICE CHAIRMA | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation 2540 Inc?
Foundation 2540 Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALISBURY, NC. It holds $156K in total assets as of 2024.
How large is Foundation 2540 Inc?
As of 2024, Foundation 2540 Inc holds $156K in total assets with $238K in annual revenue. It awarded 9 grants totaling $126K in 2024.
Where does Foundation 2540 Inc operate?
Foundation 2540 Inc has awarded grants in Florida, Indiana, North Carolina, Ohio, Pennsylvania, Texas, Virginia.
What size grants does Foundation 2540 Inc award?
In 2024, Foundation 2540 Inc awarded 9 grants totaling $126K — an average of about $14K per grant, based on its IRS Form 990 filings.
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 2022–2024.
Explore Open Grants
Browse active grant opportunities in Foundation 2540 Inc'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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