Hj Brody Foundation

GREENVILLE, NC EIN: 56-1547030

The HJ Brody Foundation is a private foundation based in Greenville, North Carolina. Established in 1988, it operates as a 501(c)(3) organization with tax-exempt status. The foundation generates net investment income from cash and securities to support its grantmaking activities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+2.8% YoY

Annual Giving

$231K

-71.9% YoY

Grant Count

+23.8% YoY

Avg Grant Size

$9K

-77.3% YoY

Under IRS private-foundation payout rules, Hj Brody Foundation reported a distributable amount of $446K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary purpose is to generate net investment income from cash and securities. Its grantmaking focuses on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services

The foundation primarily funds general support for its grantees.

Grantmaking

The foundation made 14 additional grants in 2024 beyond those listed above.

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking priorities are primarily in North Carolina, Virginia, and Massachusetts.

Grant Distribution by State

New Jersey $2.3M (72%)

North Carolina $760K (24%)

Maryland $81K (3%)

Virginia $27K (1%)

Massachusetts $5K (0%)

Ohio $5K (0%)

New York $2K (0%)

Illinois $750 (0%)

+6 more states

States

California District of Columbia Illinois Massachusetts Maryland Minnesota North Carolina New Jersey New York Ohio Pennsylvania South Carolina Virginia Washington

Cities

BostonChapel HillCharlotteChicagoClevelandDamascusDoylestownDurhamEast BendFair LawnFort MillGlenviewGoldsboroGreenvilleHyannisKinstonLawrencevilleLos AngelesManteoMills River

Financial History

Multi-year comparison from IRS filings

As of December 31, 2024:

Total Assets: $3,373,783
Total Revenue: $562,984
Total Expenses: $278,785
Net Income: $284,199
Total Liabilities: $0
Number of Employees: 0

Revenue Breakdown (2024):

Total grants and contributions: $355,226
Investment income and dividends: $126,193

Year-over-Year Changes (2024 vs. 2023):

Grants and contributions decreased 54.4%
Investment income and dividends decreased 6.2%

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,373,783	$3,280,483	$2,784,290
Revenue	$562,984	$1,350,628	$201,925
Expenses	$278,785	$860,113	$110,943
Qualifying Distributions	$234,167	$827,076	$83,533
Net Investment Income	$168,211	$540,239	$90,334
Distributable Amount	$446,413	$365,036	$353,820

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

122 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Lawrenceville School ($111,009), Duke University ($50,000), Main Street Connect ($25,000).

Recipient	Purpose	Amount
CYCLE FOR SURVIVAL NEW YORK, NY	GENERAL SUPPORT	$500
DUKE UNIVERSITY DURHAM, NC	GENERAL SUPPORT	$50,000
ECU FOUNDATION INC GREENVILLE, NC	GENERAL SUPPORT	$1,000
FIRST CHRISTIAN CHURCH GREENVILLE, NC	GENERAL SUPPORT	$100
GREENVILLE MUSEUM OF ART GREENVILLE, NC	GENERAL SUPPORT	$450
MAIN STREET CONNECT ROCKVILLE, MD	GENERAL SUPPORT	$25,000
MONTESSORI SCHOOL OF RALEIGH RALEIGH, NC	GENERAL SUPPORT	$3,310
NANTUCKET BOOK FESTIVAL NANTUCKET, MA	GENERAL SUPPORT	$1,000
PAN-MASS CHALLENGE NEEDHAM, MA	GENERAL SUPPORT	$500
SERVICE LEAGUE OF GREENVILLE GREENVILLE, NC	GENERAL SUPPORT	$500

Leadership & Key People

Leadership team and compensation from IRS filings

Michael Waldrum serves as president of the Brody Foundation, in addition to his roles as dean of the Brody School of Medicine and CEO of ECU Health.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HYMAN J BRODY	PRESIDENT	—	—
WILLIAM C BRODY	VICE-PRESIDENT	—	—
RICKEY B LANCASTER	SECRETARY/TREASURER	—	—

Recent News & Activity

Recent developments and announcements

The Brody Foundation supports the Brody Scholars program at East Carolina University's Brody School of Medicine. The program, created through gifts from the Brody family and the Brody Foundation beginning in 1983, has awarded scholarships to 163 medical students to date. Each Brody Scholar receives approximately $118,000 in support covering four years of medical school tuition, living expenses, and opportunities for summer enrichment programs and community service projects. More than 70% of Brody Scholars remain in North Carolina to practice medicine, with the majority staying in eastern North Carolina.

Brody Shulman Scholarship Announces National Opportunity for Aspiring Law

Frequently Asked Questions

What does Hj Brody Foundation fund?

The foundation's primary purpose is to generate net investment income from cash and securities. Its grantmaking focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily funds general support for its grantees.

How do I apply for a grant from Hj Brody Foundation?

**Grant Activity (2024):** • Total grants made: 25 grants • Total giving: $231,344 • Typical award range: $100–$564,411 **Recent Grantees (2024):** • The Lawrenceville School: $111,009 (General Support) • Main Street Connect: $25,000 (General Support) • Healthnetwork Foundation: $5,000 (General Support) The foundation made 14 additional grants in 2024 beyond those listed above.

Where does Hj Brody Foundation make grants?

The foundation's grantmaking priorities are primarily in North Carolina, Virginia, and Massachusetts.

What size grants does Hj Brody Foundation award?

In 2024, Hj Brody Foundation awarded 26 grants totaling $231K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Hj Brody Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hj Brody Foundation reported a distributable amount of $446K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.