Foundation 28 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $160K. Net investment income was $37K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+7.4% YoY
Annual Giving
$160K
+191.6% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$32K
-41.7% YoY
Under IRS private-foundation payout rules, Foundation 28 reported a distributable amount of $112K for 2024 — the minimum it must pay out in qualifying distributions.
About Foundation 28
Based on IRS filings
Foundation 28 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 5 grants totaling $160K. Net investment income was $37K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $2,199,023 | $2,047,098 |
| Revenue | $287,005 | $2,250,500 |
| Expenses | $217,701 | $203,402 |
| Qualifying Distributions | $160,355 | $55,000 |
| Net Investment Income | $37,339 | — |
| Distributable Amount | $112,494 | $9,469 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Impact Foundation ($65,000), West Blvd Ministry ($35,000), Notre Dame High School ($25,355).
| Recipient | Purpose | Amount |
|---|---|---|
| IMPACT FOUNDATION CHARLOTTE, NC | GENERAL SUPPORT | $65,000 |
| WEST BLVD MINISTRY CHARLOTTE, NC | GENERAL SUPPORT | $35,000 |
| NOTRE DAME HIGH SCHOOL EASTON, PA | GENERAL SUPPORT | $25,355 |
| NEW CITY CHURCH CHARLOTTE, NC | GENERAL SUPPORT | $25,000 |
| MISSION TRIANGLE RALEIGH, NC | GENERAL SUPPORT | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMY SANDRENE | PRESIDENT | 10 | — |
| MADISON STOCK | DIRECTOR | 1 | — |
| LESLEY PACE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation 28?
Foundation 28 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. It holds $2.2M in total assets as of 2024.
How large is Foundation 28?
As of 2024, Foundation 28 holds $2.2M in total assets with $287K in annual revenue. It awarded 5 grants totaling $160K in 2024.
Where does Foundation 28 operate?
Foundation 28 has awarded grants in North Carolina, Pennsylvania.
What size grants does Foundation 28 award?
In 2024, Foundation 28 awarded 5 grants totaling $160K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is Foundation 28 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Foundation 28 reported a distributable amount of $112K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Foundation 28's EIN?
Foundation 28's EIN (Employer Identification Number) is 93-1854528. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Foundation 28'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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