Francis M Barnes Memorial Trust

WILLIAMSTON, NC EIN: 20-1533095

Francis M Barnes Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $216K. Net investment income was $1.1M.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$5.4M

+17.0% YoY

Annual Giving

$216K

+18.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$216K

+18.0% YoY

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.

About Francis M Barnes Memorial Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $946K (100%)

States

North Carolina

Cities

WashingtonWilliamstonWinterville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$5,421,078	$4,633,354	$4,468,008
Revenue	$1,106,682	$450,474	$-62,337
Expenses	$318,958	$285,128	$306,508
Qualifying Distributions	$257,495	$246,172	$248,410
Net Investment Income	$1,055,343	$400,256	$73,204
Distributable Amount	$295,310	$258,039	$243,000

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include 29 Martin County students ($216,000).

Recipient	Purpose	Amount
29 Martin County students Williamston, NC	Secondary education	$216,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
Joel T Thigpen	Trustee	10	$22,805
Jennifer B Thigpen	Trustee	10	$22,804

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Francis M Barnes Memorial Trust?

Francis M Barnes Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILLIAMSTON, NC. It holds $5.4M in total assets as of 2025.

How large is Francis M Barnes Memorial Trust?

As of 2025, Francis M Barnes Memorial Trust holds $5.4M in total assets with $1.1M in annual revenue. It awarded 1 grants totaling $216K in 2025.

Where does Francis M Barnes Memorial Trust operate?

Francis M Barnes Memorial Trust has awarded grants in North Carolina.

What size grants does Francis M Barnes Memorial Trust award?

In 2025, Francis M Barnes Memorial Trust awarded 1 grants totaling $216K — an average of about $216K per grant, based on its IRS Form 990 filings.

How much is Francis M Barnes Memorial Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Francis M Barnes Memorial Trust reported a distributable amount of $295K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.