Hanes Companies Foundation
Hanes Companies Foundation is a private foundation, based in WINSTON SALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 10 grants totaling $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7K
+253.9% YoY
Annual Giving
$19K
-30.7% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$2K
-23.8% YoY
Under IRS private-foundation payout rules, Hanes Companies Foundation reported a distributable amount of $738 for 2024 — the minimum it must pay out in qualifying distributions.
About Hanes Companies Foundation
Based on IRS filings
Hanes Companies Foundation is a private foundation, based in WINSTON SALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 10 grants totaling $19K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,351 | $2,077 | $5,073 |
| Revenue | $25,000 | $25,000 | $25,000 |
| Expenses | $19,726 | $27,996 | $30,514 |
| Qualifying Distributions | — | $27,075 | $29,750 |
| Net Investment Income | — | — | — |
| Distributable Amount | $738 | $751 | $707 |
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
53 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hickory Football Club ($3,500), United Way of Catawba County ($3,000), United Way of Forsyth County ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHARITY CHASE HALF MARATHON HICKORY, NC | GENERAL PURPOSE | $1,000 |
| THE CORNER TABLE NEWTON, NC | GENERAL PURPOSE | $1,000 |
| YMCA OF CATAWBA VALLEY HICKORY, NC | GENERAL PURPOSE | $2,000 |
| CASE WESTERN RESERVE UNIV CLEVELAND, OH | GENERAL PURPOSE | $2,500 |
| THE GREEN ROOM COMM THEATRE NEWTON, NC | GENERAL PURPOSE | $1,000 |
| UNITED WAY OF CATAWBA COUNTY HICKORY, NC | GENERAL PURPOSE | $3,000 |
| UNITED WAY OF FORSYTH COUNTY WINSTON SALEM, NC | GENERAL PURPOSE | $3,000 |
| DOWNTOWN WINSTON SALEM PARTNERSHIP WINSTON SALEM, NC | GENERAL PURPOSE | $250 |
| HICKORY FOOTBALL CLUB HICKORY, NC | GENERAL PURPOSE | $3,500 |
| LENOIR RHYNE UNIVERSITY HICKORY, NC | GENERAL PURPOSE | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ZACHARY COX | PRESIDENT | — | — |
| JERAMIE SPONSEL | VICE PRESIDENT | — | — |
| STEPHEN GRIFFIN | SECTREAS | — | — |
Frequently Asked Questions
How large is Hanes Companies Foundation?
As of 2024, Hanes Companies Foundation holds $7K in total assets with $25K in annual revenue. It awarded 10 grants totaling $19K in 2024.
Where does Hanes Companies Foundation operate?
Hanes Companies Foundation has awarded grants in North Carolina, Ohio.
What size grants does Hanes Companies Foundation award?
In 2024, Hanes Companies Foundation awarded 10 grants totaling $19K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Hanes Companies Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hanes Companies Foundation reported a distributable amount of $738 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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hanes Companies Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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