Hollingsworth Funds Inc logo

Hollingsworth Funds Inc

Public charity · Grantmaker Greenville, SC EIN: 57-1003814 Website

Hollingsworth Funds Inc. is a public charity based in Greenville, South Carolina. It supports Furman University, the YMCA of Greenville, and other charitable organizations serving Greenville County, with a strategic focus on economic mobility and pathways to living-wage careers.

Hollingsworth Funds Inc at a glance

In short: Hollingsworth Funds Inc gave $12.0M across 56 grants in 2024 (avg $215K), mostly in South Carolina. 18% of 2024 grantees were new. Source: 2024 IRS Form 990.

Annual giving (2024)
$12,039,703
+5.1% vs 2023
Grants made (2024)
56
+1.8% vs 2023
Average grant
$214,995
+3.2% vs 2023
Median grant
$75,000
Total assets
$406,730,156
+3.2% vs 2023
New grantees (estimate)
18% first-time grantees (7 of 40, 2024)
Primary geography
South Carolina (99% of itemized 2024 grant dollars)
Latest 990 filing
Form 990, 2024 View filing

Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).

How to apply to Hollingsworth Funds Inc

How to Apply

The organization encourages prospective partners to get in touch with ideas, but does not describe a formal application process.

Contact

Mailing address: 124 Verdae Blvd 502, Greenville, SC 29607
Phone: (864) 627-8306
Website: https://hollingsworthfunds.org

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Hollingsworth Funds Inc funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Furman University: $5.4MFurman University$5.4MYMCA of Greenville: $1.3MYMCA of Greenville$1.3MUnited Way of Greenville County: $974K across 5 grantsUnited Way of GreenvilleCounty$974K · 5 grantsCommunity Foundation of Greenville: $642K across 4 grantsCommunity Foundation ofGreenville$642K · 4 grantsGreenville Housing Fund: $370K across 2 grantsGreenville Housing Fund$370K · 2 grantsGreenville Housing Authority: $250KGreenville Housing Authority$250KGreenville County Chamber Foundation: $235K across 5 grantsGreenville County ChamberFoundation$235K · 5 grantsCommunityworks Carolina: $200KCommunityworks Carolina$200KGreater Good Greenville: $200K across 3 grantsGreater Good Greenville$200K · 3 grantsAbundance Capital: $150K across 2 grantsAbundance Capital$150K · 2 grants

The largest 2024 recipient was Furman University ($5.4M). Together the top 10 received $9.8M.

Grant Size Distribution

261 grants across all recorded years

41<$50K134$50–100K58$100–250K13$250–500K5$500K–1M8$1–5M2$5M+

The most common grant size was in the $50–100K range: 134 grants of 261 (51%).

Geographic Focus

Where this funder awards grants

The trust documents direct support to organizations operating for the benefit of Greenville County. The website says eligible organizations must qualify under specified federal tax-exempt categories. In 2024, 99% of grant dollars went to recipients in South Carolina.

Grant Distribution by State

4states

Share of 2024 grant dollars across all 56 itemized grants.

Cities

GreenvilleColumbiaOaklandSimpsonvilleSlaterDurhamProvidence

Is Hollingsworth Funds Inc open to new grantees?

18%

first-time grantees, 2024

In 2024, 7 of 40 grantees (18%) were first-time recipients. First grants averaged $111K; repeat grants $341K. How we count

Medians: $50K first-time, $81K repeat.

  • 83% of 2024 grantees were also funded in 2023. Method
  • Giving grew 21% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M49 grants2020 49 grants2021 52 grants2022 55 grants2023 56 grants2024

From 2020 to 2024, annual grant giving ranged from $9.3M (2020) to $12.0M (2024). In 2024 it made 56 grants totaling $12.0M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Furman University Greenville, SCGeneral Operating Support$5,447,114
YMCA of Greenville Greenville, SCGeneral Operating Support$1,298,964
United Way of Greenville County Greenville, SCGeneral Operating Support for Ontrack Greenville$500,000
Community Foundation of Greenville Greenville, SCOperating Support for Greenville Connects$375,000
Greenville Housing Fund Greenville, SCGeneral Operating Support$310,000
Greenville Housing Authority Greenville, SCGeneral Operating Support$250,000
United Way of Greenville County Greenville, SCGreenville County Community Relief Fund$250,000
Communityworks Carolina Greenville, SCGeneral Operating Support$200,000
Community Foundation of Greenville Greenville, SCProject Support for Phase Two of Sunset Plan$192,150
Hispanic Alliance Greenville, SCGeneral Operating Support$150,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$406,730,156$18,619,297$17,878,851$12,039,70356$16,058,362
2023$394,202,076$10,530,144$16,157,579$11,456,57655$8,174,051
2022$375,756,696$12,829,828$14,906,078$10,841,51052$9,744,299
2021$415,865,709$16,217,811$15,626,643$9,940,80749$13,319,048
2020$393,513,843$12,387,637$14,907,822$9,289,30049$9,785,968

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

Mission & Focus Areas

The organization’s stated mission is to distribute funds to Furman University, the Greenville YMCA, and public charities serving Greenville County. Its website describes a goal of strengthening pathways to careers that pay a living wage and building assets in low-income communities, with an emphasis on Black and Hispanic/Latinx people.

Its six focus areas are preparing students for college and careers, attaining post-secondary credentials, workplace access and advancement, affordable housing, reliable and efficient transportation, and capacity and infrastructure in Greenville.

Examples of supported organizations include Furman University, whose stated mission is to provide a distinctive liberal arts and selected professional education; the YMCA of Greenville, which says it works to build healthy spirit, mind, and body for all; and United Way of Greenville County, which says it mobilizes people and resources to improve lives, strengthen the community, and advance equity. Other 2024 grantees include the Greenville Housing Fund, which describes its work as pursuing housing affordability solutions, and CommunityWorks, which says it provides financing for affordable housing and community development.

Grantmaking

In 2024, Hollingsworth Funds reported 56 grants totaling $12,039,703. Grant amounts ranged from $24,475 to $5,447,114, with a median of $75,000.

The largest 2024 grants included $5,447,114 to Furman University for general operating support; $1,298,964 to the YMCA of Greenville for general operating support; and $500,000 to United Way of Greenville County for general operating support for OnTrack Greenville. Other notable awards were $375,000 to the Community Foundation of Greenville for operating support for Greenville Connects, $310,000 to Greenville Housing Fund for general operating support, and $250,000 to Greenville Housing Authority for general operating support.

The website says it considers requests of all sizes and reports a median investment of $50,000 and a range of $15,000 to $500,000. It encourages prospective partners to share ideas supporting pathways to living-wage careers, while noting that it is largely a proactive community investor. Its stated investment considerations include alignment with its focus areas and strategies, involvement of people most affected, and potential to advance systems change. The website does not specify application materials or a deadline.

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Anthony McDade as board chair, Sam Erwin as vice chair, and Joann Hackl as secretary. Directors listed include Minor M. Shaw, William E. Henderson, Anne S. Ellefson, Brenda Thames, R. Sean Dogan, Timothy J. Reed, and F. Bogue Wallin.

Hollingsworth Funds Inc is led by B. Gage Weekes, President on every filing since 2020; all 15 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • B. Gage Weekes

    President

    On filings since 2020

    40 hrs/week

    $319K (2020) → $395K (2024)

  • Anthony McDade

    Board Chair

    Vice Chairman → Board Chair, 2024

    On filings since 2020

    3 hrs/week

    $5K (2020) → $5K (2024)

  • Anne S. Ellefson

    Director

    Board Chair → Director, 2024

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • Brenda Thames

    Director

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • F. Bogue Wallin

    Director

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • Minor M. Shaw

    Director

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • R. Sean Dogan

    Director

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • Timothy J. Reed

    Director

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • William E. Henderson

    Director

    On filings since 2020

    5 hrs/week

    $5K (2020) → $5K (2024)

  • Russ Davis

    Director

    On filings since 2022

    2 hrs/week

    $1K (2022) → $5K (2024)

  • Greg Ingram

    Director

    New on the 2024 filing

    2 hrs/week

    $5K (2024)

  • Joann Hackl

    Secretary

    Director → Secretary, 2024

    On filings since 2020

    3 hrs/week

    $5K (2020) → $5K (2024)

  • Sam Erwin

    Vice Chair

    Secretary → Vice Chair, 2024

    On filings since 2020

    2 hrs/week

    $5K (2020) → $5K (2024)

  • Tamela Spann

    Vice President of Strategic Initiative

    On filings since 2020

    40 hrs/week

    $137K (2020) → $180K (2024)

  • Pamela Prashad

    Vice President of Finance & Operations

    On filings since 2021

    35 hrs/week

    $121K (2021) → $173K (2024)

Former officers (3)
  • Former: Harold F. Gallivan (2020–2023) — Director
  • Former: W. Kenneth Hunt III (2020–2021) — Chief Financial Officer
  • Former: James W. Terry (2020) — Director of Strategic Assets

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

B Gage Weekes — President: $395KB Gage WeekesPresident$395KTamela Spann — VP of Strategic Initiative: $180KTamela SpannVP of Strategic Initiative$180KPamela Prashad — VP of Finance & Operations: $173KPamela PrashadVP of Finance & Operations$173KMinor M Shaw — Director: $5KMinor M ShawDirector$5KWilliam E Henderson — Director: $5KWilliam E HendersonDirector$5KSam Erwin — Vice Chair: $5KSam ErwinVice Chair$5KAnthony McDade — Board Chair: $5KAnthony McDadeBoard Chair$5KAnne S Ellefson — Director: $5KAnne S EllefsonDirector$5KBrenda Thames — Director: $5KBrenda ThamesDirector$5KR Sean Dogan — Director: $5KR Sean DoganDirector$5KTimothy J Reed — Director: $5KTimothy J ReedDirector$5KJoann Hackl — Secretary: $5KJoann HacklSecretary$5KF Bogue Wallin — Director: $5KF Bogue WallinDirector$5KRuss Davis — Director: $5KRuss DavisDirector$5KGreg Ingram — Director: $5KGreg IngramDirector$5K

The highest reported compensation on the 2024 filing was $395K, to B Gage Weekes (President). 15 officers or directors reported compensation on that filing.

Frequently asked questions about Hollingsworth Funds Inc

How much does Hollingsworth Funds Inc give each year?

Hollingsworth Funds Inc gave $12.0M across 56 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $11.5M across 55 grants.

What is Hollingsworth Funds Inc's typical grant size?

Hollingsworth Funds Inc's median grant in 2024 was $75,000, and its average grant was $214,995, across 56 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Hollingsworth Funds Inc that year got $111K on average.

Where does Hollingsworth Funds Inc give grants?

Hollingsworth Funds Inc gives mostly in South Carolina: 99% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Greenville, SC (51 grants).

Does Hollingsworth Funds Inc give general operating support?

Yes: 66% of Hollingsworth Funds Inc's 2024 grants with a stated purpose (37 of 56) were for general or operating support, per its 2024 IRS Form 990.

Who are Hollingsworth Funds Inc's largest grantees?

Hollingsworth Funds Inc's largest 2024 grantees include Furman University ($5,447,114), YMCA of Greenville ($1,298,964) and United Way of Greenville County ($974,475 across 5 grants), according to its 2024 IRS Form 990. Together they received 64% of its itemized 2024 grant dollars.

How large is Hollingsworth Funds Inc?

Hollingsworth Funds Inc reported $406.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $18.6M.

What does Hollingsworth Funds Inc fund?

The organization’s stated mission is to distribute funds to Furman University, the Greenville YMCA, and public charities serving Greenville County. See mission & focus areas ↑

How do I apply for a grant from Hollingsworth Funds Inc?

The organization encourages prospective partners to get in touch with ideas, but does not describe a formal application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Hollingsworth Funds Inc's EIN?

Hollingsworth Funds Inc's EIN (Employer Identification Number) is 57-1003814. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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Cite this profile

Grantable. (2026). Hollingsworth Funds Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/hollingsworth-funds-inc-morg_e3cdfdca73e14384a889c97bd46c34be

BibTeX
@misc{grantable_571003814_2026,
  author       = {{Grantable}},
  title        = {{Hollingsworth Funds Inc funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/hollingsworth-funds-inc-morg_e3cdfdca73e14384a889c97bd46c34be},
  note         = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from Hollingsworth Funds Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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