Grantham Charitable Trust Co

RALEIGH, NC EIN: 56-6180731

Grantham Charitable Trust Co is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 2 grants totaling $82K. Net investment income was $74K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

-0.5% YoY

Annual Giving

$82K

-3.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$41K

-3.9% YoY

Under IRS private-foundation payout rules, Grantham Charitable Trust Co reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.

About Grantham Charitable Trust Co

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $444K (100%)

States

North Carolina

Cities

Mount OliveWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,598,935	$1,606,293	$1,737,001
Revenue	$102,105	$-20,964	$67,730
Expenses	$109,681	$110,754	$129,183
Qualifying Distributions	$82,142	$85,478	$99,352
Net Investment Income	$74,420	$18,270	$40,591
Distributable Amount	$87,924	$82,143	$85,478

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Wake Forest University ($41,071), Mount Olive College ($41,071).

Recipient	Purpose	Amount
WAKE FOREST UNIVERSITY WINSTONSALEM, NC	ANNUAL DISTRIBUTION	$41,071
MOUNT OLIVE COLLEGE MOUNT OLIVE, NC	ANNUAL DISTRIBUTION	$41,071

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIRST CITIZENS BANK	TRUSTEE	40	$26,097

Frequently Asked Questions

How large is Grantham Charitable Trust Co?

As of 2024, Grantham Charitable Trust Co holds $1.6M in total assets with $102K in annual revenue. It awarded 2 grants totaling $82K in 2024.

Where does Grantham Charitable Trust Co operate?

Grantham Charitable Trust Co has awarded grants in North Carolina.

What size grants does Grantham Charitable Trust Co award?

In 2024, Grantham Charitable Trust Co awarded 2 grants totaling $82K — an average of about $41K per grant, based on its IRS Form 990 filings.

How much is Grantham Charitable Trust Co required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Grantham Charitable Trust Co reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.