Francis M Barnes Memorial Trust
Francis M Barnes Memorial Trust is a private foundation, based in Williamston, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $5.4M in total assets. In 2025, it awarded 1 grant totaling $216K. Net investment income was $1.1M.
Francis M Barnes Memorial Trust at a glance
In short: Francis M Barnes Memorial Trust gave $216K across 1 grant in 2025 (avg $216K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $216,000
- +18.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $216,000
- +18.0% vs 2024
- Median grant
- $216,000
- Total assets
- $5,421,078
- +17.0% 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 Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was 29 Martin County students ($216K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 8 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Francis M Barnes Memorial Trust gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 87% 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 $156K (2021) to $216K (2025). In 2025 it made 1 grant totaling $216K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 29 Martin County students Williamston, NC | Secondary education | $216,000 |
Ready to take the next step with Francis M Barnes Memorial Trust?
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 | $5,421,078 | $1,106,682 | $318,958 | $216,000 | 1 | $257,495 | $1,055,343 | $295,310 |
| 2024 | $4,633,354 | $450,474 | $285,128 | $183,000 | 1 | $246,172 | $400,256 | $258,039 |
| 2023 | $4,468,008 | $-62,337 | $306,508 | $201,915 | 1 | $248,410 | $73,204 | $243,000 |
| 2022 | $4,836,853 | $1,009,046 | $326,921 | $189,250 | 1 | $251,963 | $956,496 | $259,178 |
| 2021 | $4,154,728 | $846,032 | $250,115 | $155,750 | 4 | — | $796,943 | $238,165 |
Under IRS private-foundation payout rules, Francis M Barnes Memorial Trust reported a distributable amount of $295K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Francis M Barnes Memorial Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jennifer B Thigpen
Trustee
On filings since 2021
10 hrs/week
$28K (2021) → $23K (2025)
Joel T Thigpen
Trustee
On filings since 2021
10 hrs/week
$28K (2021) → $23K (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 $23K, to Joel T Thigpen (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Francis M Barnes Memorial Trust
How much does Francis M Barnes Memorial Trust give each year?
Francis M Barnes Memorial Trust gave $216K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $183K across 1 grant.
How large is Francis M Barnes Memorial Trust?
Francis M Barnes Memorial Trust reported $5.4M in total assets on its 2025 IRS Form 990-PF. It paid out $257K in qualifying distributions that year, against a required minimum of $295K (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.
Where does Francis M Barnes Memorial Trust operate?
Francis M Barnes Memorial Trust has awarded grants in North Carolina.
What is Francis M Barnes Memorial Trust's EIN?
Francis M Barnes Memorial Trust's EIN (Employer Identification Number) is 20-1533095. 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
Explore Open Grants
Browse active grant opportunities in Francis M Barnes Memorial Trust's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in North Carolina
Pitt County Memorial Hospital Inc
Greenville, NC
To improve the health and well-being of eastern North Carolina.
Assets
$1.3B
Grants
3
Total Given
$866K
North Carolina Community Colleges Foundation
Raleigh, NC
The foundation funds scholarships, grant development, and nursing and health-workforce programs through North Carolina community colleges and their foundations. Its 2025 grants ranged from $8,000 to $467,479, with a median of about $19,000, and all reported grants went to North Carolina recipients. The available information does not state whether it accepts unsolicited requests.
Assets
$14.9M
Grants
36
Total Given
$4.4M
State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
$61.0M
Grants
1,806
Total Given
$17.4M
The Golden Leaf Inc
Rocky Mount, NC
The Golden LEAF Foundation funds projects that support jobs and economic investment, workforce preparation, agriculture, and community capacity in North Carolina’s rural, tobacco-dependent, and economically distressed communities. Its 2025 grants ranged from $9,194 to $57.5 million, with a median of $156,620; Open Grants awards are capped at $500,000. It accepts applications through its Open Grants Program from governmental entities and 501(c)(3) organizations.
Assets
$1.5B
Grants
131
Total Given
$161.3M
John M Belk Endowment
Charlotte, NC
The John M. Belk Endowment primarily supports education and career pathways, especially post-secondary opportunities for adults in North Carolina, through grants and its NC Reconnect initiative. Its 2024 grants ranged from $5,000 to $2.88 million, with a median of $5,000; most funding went to North Carolina, with some support in Indiana and Massachusetts. It accepts no unsolicited requests and funds only preselected organizations.
Assets
$379.0M
Grants
86
Total Given
$14.7M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Francis M Barnes Memorial Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Francis M Barnes Memorial Trust down — hundreds of funders to go?