Fulton Family Trust

ADVANCE, NC EIN: 88-6655486

Fulton Family Trust is a private foundation, based in ADVANCE, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 11 grants totaling $229K. Net investment income was $274K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.9M

+0.1% YoY

Annual Giving

$229K

+280.8% YoY

Grant Count

+266.7% YoY

Avg Grant Size

$21K

+3.9% YoY

Under IRS private-foundation payout rules, Fulton Family Trust reported a distributable amount of $159K for 2024 — the minimum it must pay out in qualifying distributions.

About Fulton Family Trust

Based on IRS filings

Ready to take the next step with Fulton Family Trust?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $289K (100%)

States

North Carolina

Cities

AshevilleBooneCaryGreensboroMocksvilleSpruce PineWaynesvilleWinston Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,854,663	$2,852,301	$2,498,026
Revenue	$293,148	$91,589	$589,335
Expenses	$266,932	$141,358	$10,236
Qualifying Distributions	$228,500	$94,730	—
Net Investment Income	$274,250	$49,603	$17,575
Distributable Amount	$159,188	$138,848	$30,528

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Two Rivers Community School ($51,000), Brother Wolf Animal Rescue ($37,500), Star Ranch Horse Rescue ($30,000).

Recipient	Purpose	Amount
ASU FOUNDATION-FULTON FAMILY SCHOLA BOONE, NC	ACADEMIC SCHOLARSHIP	$25,000
UNCG EXCELLENCE FDN-ETHEL C FULTON GREENSBORO, NC	ACADEMIC SCHOLARSHIP	$25,000
WATAUGA HUMANE SOCIETY BOONE, NC	TO PROVIDE FOR THE CARE OF ANIMALS IN WATAUGA CO	$15,000
TWO RIVERS COMMUNITY SCHOOL Boone, NC	FOR THE PURCHASE OF TWO VANS FOR STUDENT TRANSPORT	$51,000
BLUE RIDGE CONSERVATION Spruce Pine, NC	SUPPORT COMMUNITY OUTREACH	$5,000
DAVIE CO HIGH SCHOOL BAND BOOSTERS Mocksville, NC	FOR INSTRUMENT PURCHASES	$10,000
WINSTON-SALEM STREET SCHOOL Winston Salem, NC	TO PROVIDE MEALS FOR STUDENTS	$10,000
BROTHER WOLF ANIMAL RESCUE Asheville, NC	HURRICANE RELIEF	$37,500
STAR RANCH HORSE RESCUE Waynesville, NC	HURRICANE RELIEF	$30,000
UNITED WAY HURRICANE HELENE RELIEF Cary, NC	HURRICANE RELIEF	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES E GRIFFEY	TRUSTEE	4	$12,892

Frequently Asked Questions

How large is Fulton Family Trust?

As of 2024, Fulton Family Trust holds $2.9M in total assets with $293K in annual revenue. It awarded 11 grants totaling $229K in 2024.

Where does Fulton Family Trust operate?

Fulton Family Trust has awarded grants in North Carolina.

What size grants does Fulton Family Trust award?

In 2024, Fulton Family Trust awarded 11 grants totaling $229K — an average of about $21K per grant, based on its IRS Form 990 filings.

How much is Fulton Family Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fulton Family Trust reported a distributable amount of $159K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.