Hanes Companies Foundation
Hanes Companies Foundation is a private foundation, based in Winston-Salem, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $16K in total assets. In 2025, it awarded 8 grants totaling $15K.
Key facts about Hanes Companies Foundation
In short: Hanes Companies Foundation gave $15K across 8 grants in 2025 (avg $2K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 58-1658698
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $15,175
- Grants made (2025)
- 8
- Average grant
- $1,897
- Median grant
- $1,500
- Total assets
- $16,145
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$16K
+119.6% YoY
Annual Giving
$15K
-19.1% YoY
Grant Count
8
-20.0% YoY
Avg Grant Size
$2K
+1.2% YoY
Under IRS private-foundation payout rules, Hanes Companies Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
How Hanes Companies Foundation gives
- Giving fell 49% from 2022 to 2025. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $15K (2025) to $30K (2021). In 2025 it made 8 grants totaling $15K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Hickory Football Club ($4K). Together the top 8 received $15K.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 52 grants of 52 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hickory Football Club Hickory, NC | General Purpose | $3,675 |
| United Way of Catawba County Hickory, NC | General Purpose | $3,000 |
| United Way of Forsyth County Winston-Salem, NC | General Purpose | $3,000 |
| YMCA of Catawba County Hickory, NC | General Purpose | $2,000 |
| Charity Chase Half Marathon Hickory, NC | General Purpose | $1,000 |
| The Corner Table Newton, NC | General Purpose | $1,000 |
| Clyde Campbell Elementary PTO Hickory, NC | General Purpose | $1,000 |
| Catawba County Leadership Fdn Inc Hickory, NC | General Purpose | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $16,145 | $7,351 | $2,077 |
| Revenue | $25,000 | $25,000 | $25,000 |
| Expenses | $16,206 | $19,726 | $27,996 |
| Qualifying Distributions | — | — | $27,075 |
| Distributable Amount | $1,026 | $738 | $751 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 9, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Hanes Companies Foundation is led by Zachary Cox, President on every filing since 2024; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Zachary Cox
President
On filings since 2024
No compensation reported
Jeramie Sponsel
Vice President
On filings since 2020
No compensation reported
Stephen Griffin
Sectreas
On filings since 2023
No compensation reported
Former officers (2)
- Former: Jerry W. Greene Jr. (2020–2023) — President
- Former: Herbert S. Wilmer Jr. (2020–2022) — Sectreas
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hanes Companies Foundation
How much does Hanes Companies Foundation give each year?
Hanes Companies Foundation gave $15K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $19K across 10 grants.
What is Hanes Companies Foundation's typical grant size?
Hanes Companies Foundation's median grant in 2025 was $1,500, and its average grant was $1,897, across 8 grants on its 2025 IRS Form 990-PF.
Where does Hanes Companies Foundation give grants?
Hanes Companies Foundation 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 Hickory, NC (6 grants).
Does Hanes Companies Foundation give general operating support?
Yes: 100% of Hanes Companies Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Hanes Companies Foundation's largest grantees?
Hanes Companies Foundation's largest 2025 grantees include Hickory Football Club ($3,675), United Way of Catawba County ($3,000) and United Way of Forsyth County ($3,000), according to its 2025 IRS Form 990-PF. Together they received 64% of its itemized 2025 grant dollars.
How large is Hanes Companies Foundation?
Hanes Companies Foundation reported $16K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $25K.
How much is Hanes Companies Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Hanes Companies Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hanes Companies Foundation's EIN?
Hanes Companies Foundation's EIN (Employer Identification Number) is 58-1658698. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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