Hillsdale Fund
Hillsdale Fund is a private foundation incorporated in North Carolina in 1963 and granted tax-exempt status in August 1964. Based in Greensboro, NC, the foundation operates as an independent grantmaking organization focused on supporting charitable causes through direct grants to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.3M
+7.6% YoY
Annual Giving
$1.5M
+0.5% YoY
Grant Count
69
-9.2% YoY
Avg Grant Size
$21K
+10.7% YoY
Under IRS private-foundation payout rules, Hillsdale Fund reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation provides giving primarily in three areas:
- Education
- Natural resource conservation and protection
- Arts and culture
Grantmaking
Grant Range
$15,000
Average Grant
$21,500
Ready to take the next step with Hillsdale Fund?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in North Carolina, Virginia, and Tennessee.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $27.2–$34 million
- Total revenues: $947,600–$1.1 million
- Total giving: $1.5–$1.6 million
- Investment income and dividends: $148,869
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,295,872 | $27,217,632 | $28,684,269 |
| Revenue | $994,180 | $1,096,420 | $947,585 |
| Expenses | $1,805,341 | $1,761,911 | $2,024,974 |
| Qualifying Distributions | $1,618,247 | $1,612,088 | $1,679,820 |
| Net Investment Income | $3,213,028 | $492,968 | $286,332 |
| Distributable Amount | $1,697,106 | $1,571,281 | $1,621,232 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Memphis Inner City Rugby ($100,000), Blue Scholars Initiative Inc ($70,000), Alliance for the Shenandoah Valley ($65,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADAPTIVE TENNIS ASSOCIATION OF NORTH CAROLINA RALEIGH, NC | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $10,000 |
| ADARA DEVELOPMENT USA EDMONDS, WA | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $20,000 |
| ALLIANCE FOR THE SHENANDOAH VALLEY NEW MARKET, VA | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $65,000 |
| AMERICAN ANTIQUARIAN SOCIETY WORCESTER, MA | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $2,500 |
| AMERICAN LEGION POST MIDDLEBURG, VA | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $5,000 |
| BATH HIGH SCHOOL PRESERVATION BATH, NC | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $20,000 |
| BLACK CHILD DEVELOPMENT INSTITUTE OF GREENSBORO INC GREENBORO, NC | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $10,000 |
| BLACK MOUNTAIN PRESBYTRIAN CHURCH BLACK MOUNTAIN, NC | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $10,000 |
| BLUE SCHOLARS INITIATIVE INC MIAMI, FL | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $70,000 |
| BUSINESS OF ART CENTER DBA MANITOU ART CENTER SPRINGS, CO | TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Louise B McCoy — President
- Mary Scott — Executive Director/Secretary
- Sion A Boney III — Treasurer
- Trustees: George L Dufournier, William L R Smith, Lunsford R Smith, Margaret W Gallagher, Laurinda L Douglas, John Peter Gallagher, Barbara R Evans, James L Richardson, Martin M Boney, Cali C Smith, Caroline S Pryor
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE L DUFOURNIER | TRUSTEE | 1 | — |
| WILLIAM L R SMITH | TRUSTEE | 1 | — |
| LUNSFORD R SMITH | TRUSTEE | 1 | — |
| SION A BONEY III | TREASURER | 1 | — |
| MARGARET W GALLAGHER | TRUSTEE | 1 | — |
| LAURINDA L DOUGLAS | TRUSTEE | 1 | — |
| JOHN PETER GALLAGHER | TRUSTEE | 1 | — |
| LOUISE B MCCOY | PRESIDENT | 1 | — |
| BARBARA R EVANS | TRUSTEE | 1 | — |
| JAMES L RICHARDSON | TRUSTEE | 1 | — |
| MARTIN M BONEY | TRUSTEE | 1 | — |
| CALI C SMITH | TRUSTEE | 1 | — |
| CAROLINE S PRYOR | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported schools receiving grants for automated external defibrillators through a partnership with the Sudden Cardiac Arrest Foundation.
Sudden Cardiac Arrest Foundation Announces Schools that will Receive GrantsContact Information
- Address: PO Box 20124, Greensboro, NC 27420-0124
- Telephone: 336-274-5471
- EIN: 56-6057433
Frequently Asked Questions
What does Hillsdale Fund fund?
The foundation provides giving primarily in three areas: • **Education** • **Natural resource conservation and protection** • **Arts and culture**
How do I apply for a grant from Hillsdale Fund?
**Grant Activity & Amounts:** • Total annual giving: approximately $1.5–$1.6 million • Number of grants: 71–93 grants annually • Median grant size: $15,000 • Average grant size: $21,500 • Grant range: $1,500–$100,000 • Maximum grant observed: $70,000 **Recent Grantees (2023):** • Granville Athletic Boosters ($70,000) • Guilford College ($50,000) • Raleigh Rescue Mission ($50,000) • Curamericas Global
Where does Hillsdale Fund make grants?
The foundation primarily funds organizations in North Carolina, Virginia, and Tennessee.
What size grants does Hillsdale Fund award?
In 2024, Hillsdale Fund awarded 69 grants totaling $1.5M — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Hillsdale Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hillsdale Fund reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hillsdale Fund's EIN?
Hillsdale Fund's EIN (Employer Identification Number) is 56-6057433. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Hillsdale Fund's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Flow Foundation Inc
WINSTONSALEM, NC
Assets
$395K
Grants
53
Total Given
$1.5M
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Hillsdale Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Hillsdale Fund to a real strategy.