Francis M Barnes Charitable Trust
Francis M Barnes Charitable Trust is a private foundation, based in Williamston, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 3 grants totaling $99K. Net investment income was $325K.
Francis M Barnes Charitable Trust at a glance
In short: Francis M Barnes Charitable Trust gave $99K across 3 grants in 2025 (avg $33K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $99,000
- +3.9% vs 2024
- Grants made (2025)
- 3
- -62.5% vs 2024
- Average grant
- $33,000
- +177.1% vs 2024
- Median grant
- $40,000
- Total assets
- $1,900,597
- +11.9% vs 2024
- Primary geography
- North Carolina (100% 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 Francis M Barnes Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Boys & Girls Club of Martin County ($50K). Together the top 3 received $99K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 35 grants of 36 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Francis M Barnes Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (+17%). Method
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2025, annual grant giving ranged from $85K (2022) to $104K (2021). In 2025 it made 3 grants totaling $99K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Martin County Williamston, NC | Provide funds for staffing, materials, and administrative support of programs in Martin County. | $50,000 |
| Advancing Community Health Together Foundation Williamston, NC | To acquire and renovate building to be used as the office of the Foundation | $40,000 |
| Martin County Arts Council Williamston, NC | To add flooring to the 2nd level of the Arts Council building | $9,000 |
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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 | $1,900,597 | $350,528 | $149,167 | $99,000 | 3 | $120,490 | $325,154 | $121,250 |
| 2024 | $1,699,236 | $171,650 | $129,410 | $95,257 | 8 | $108,986 | $150,440 | $112,262 |
| 2023 | $1,656,996 | $34,822 | $141,284 | $96,717 | 9 | $116,330 | $29,810 | $110,575 |
| 2022 | $1,763,458 | $137,763 | $110,904 | $84,605 | 7 | $85,725 | $115,726 | $116,721 |
| 2021 | $1,736,599 | $134,419 | $150,094 | $103,668 | 9 | — | $111,270 | $108,675 |
Under IRS private-foundation payout rules, Francis M Barnes Charitable Trust reported a distributable amount of $121K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Francis M Barnes Charitable Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jennifer Thigpen
Trustee
On filings since 2021
10 hrs/week
$7K (2021) → $8K (2025)
Joel T Thigpen
Trustee
On filings since 2021
10 hrs/week
$7K (2021) → $8K (2025)
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $8K, to Jennifer Thigpen (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Francis M Barnes Charitable Trust
How much does Francis M Barnes Charitable Trust give each year?
Francis M Barnes Charitable Trust gave $99K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $95K across 8 grants.
What is Francis M Barnes Charitable Trust's typical grant size?
Francis M Barnes Charitable Trust's median grant in 2025 was $40,000, and its average grant was $33,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Francis M Barnes Charitable Trust give grants?
Francis M Barnes Charitable Trust gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Williamston, NC (3 grants).
Does Francis M Barnes Charitable Trust give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Francis M Barnes Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support.
How large is Francis M Barnes Charitable Trust?
Francis M Barnes Charitable Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $120K in qualifying distributions that year, against a required minimum of $121K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Francis M Barnes Charitable Trust's EIN?
Francis M Barnes Charitable Trust's EIN (Employer Identification Number) is 20-1533061. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Francis M Barnes Charitable Trust funds
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