James G Hanes Memorial Fund
The James G Hanes Memorial Fund is a private foundation established in 1964 and based in Winston-Salem, North Carolina. The foundation was created in honor of James Gordon Hanes, who led the development of Hanes Hosiery Mills Co into the world's largest producer of seamless stretch nylons. James Gordon Hanes was born in Winston-Salem in 1886 and served as mayor of the city from 1921 to 1925.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.0M
+6.1% YoY
Annual Giving
$1.9M
+16.4% YoY
Grant Count
16
+45.5% YoY
Avg Grant Size
$118K
-20.0% YoY
Under IRS private-foundation payout rules, James G Hanes Memorial Fund reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation focuses on providing support to non-profit organizations in various areas of arts, education, and humanitarian services. Priority is given to organizations in Winston-Salem, Forsyth County, and the Triad of North Carolina, with consideration also given to organizations that impact other regions of North Carolina.
The Foundation provides non-recurring support to public charities for various, specified projects or programs. Grants are not offered for administrative support and expenses or other operational purposes, though operational grants may be considered for new program development, typically limited to three years.
Grantmaking
Grant Types
How to Apply
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Geographic Focus
Where this funder awards grants
The Foundation prioritizes public charities providing support and services in:
- Winston-Salem
- Forsyth County
- The Triad of North Carolina (Winston-Salem, Greensboro, High Point area)
Further consideration is given to organizations that can create an impact to other regions within North Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending October 2024:
- Total Assets: $20,011,960
- Total Revenues: $3,326,912
- Total Expenses: $2,172,394
- Total Liabilities: $0
- Investment Income and Dividends: $697,781
- Total Giving: $1,892,668
Staffing:
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,011,960 | $18,868,864 | $17,959,785 |
| Revenue | $3,326,912 | $2,769,609 | $-373,344 |
| Expenses | $2,172,394 | $1,871,952 | $1,760,602 |
| Qualifying Distributions | $1,900,121 | $1,639,460 | $1,479,166 |
| Net Investment Income | $3,075,370 | $2,542,650 | $357,778 |
| Distributable Amount | $2,259,565 | $1,766,951 | $1,741,322 |
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
66 grants across all recorded years
Open Grants
1 open opportunity from James G Hanes Memorial Fund
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nc Museum of Art Foundation ($790,000), Nc Museum of Art Foundation ($349,992), Crossnore Communities for ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A BED AND A BOOK WINSTON SALEM, NC | MARKETING CAMPAIGN | $6,000 |
| CROSSNORE COMMUNITIES FOR WINSTONSALEM, NC | PROGRAM SERVICES SUPPORT | $250,000 |
| BETHESDA CENTER FOR THE HOMELESS WINSTONSALEM, NC | PROGRAM SUPPORT | $62,676 |
| CANCER SERVICES WINSTONSALEM, NC | PROGRAM SERVICES | $75,000 |
| FORSYTH COUNTY HUMANE SOCIETY WINSTONSALEM, NC | PROGRAM SERVICES | $50,000 |
| GATEWAY NATURE PRESERVE WINSTON SALEM, NC | PROGRAM SERVICES | $10,000 |
| GREATER WINSTON SALEM WINSTON SALEM, NC | GENERAL SUPPORT | $10,000 |
| HOPE OF WINSTON SALEM WINSTON SALEM, NC | PROGRAM SUPPORT | $20,000 |
| IFB SOLUTIONS WINSTON SALEM, NC | GENERAL SUPPORT | $10,000 |
| IMPRINTS CARES WINSTON SALEM, NC | PROGRAM SUPPORT | $150,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELDRIDGE C HANES | PRESIDENT | — | — |
| JAMES G HANES III | DIRECTOR | — | — |
| DREWRY NOSTITZ-RIENECK | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
In November 2021, the James G Hanes Memorial Fund awarded Junior Achievement of the Triad a $45,000 grant for programs serving students in Winston-Salem/Forsyth County Schools. The grant was designated to implement Junior Achievement programs helping Forsyth County students cultivate an entrepreneurial mindset, prepare for future jobs, and develop skills for financial independence, with programming reaching kindergarten through eighth grade students.
The James G. Hanes Memorial Fund awards Junior Achievement of the TriadContact Information
Address: 480 Shepherd Street Winston-Salem, NC 27103
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does James G Hanes Memorial Fund fund?
The Foundation focuses on providing support to non-profit organizations in various areas of arts, education, and humanitarian services. Priority is given to organizations in Winston-Salem, Forsyth County, and the Triad of North Carolina, with consideration also given to organizations that impact other regions of North Carolina. The Foundation provides non-recurring support to public charities for various, specified projects or programs. Grants are not offered for administrative support and expe…
How do I apply for a grant from James G Hanes Memorial Fund?
**Grant Types & Amounts:** • Non-recurring project and program support • Typical awards range from $4,000 to $790,000 • Recent grants include $150,000 (Imprints Cares), $65,000 (Piedmont Opera), $62,676 (Bethesda Center for the Homeless), and $45,000 (Junior Achievement of the Triad) **Application Process:** • The Foundation board meets in the fall and spring to consider requests • Applications must be received by February 20th for spring session consideration • Applications must be received by…
Where does James G Hanes Memorial Fund make grants?
The Foundation prioritizes public charities providing support and services in: • Winston-Salem • Forsyth County • The Triad of North Carolina (Winston-Salem, Greensboro, High Point area) Further consideration is given to organizations that can create an impact to other regions within North Carolina.
What size grants does James G Hanes Memorial Fund award?
In 2024, James G Hanes Memorial Fund awarded 16 grants totaling $1.9M — an average of about $118K per grant, based on its IRS Form 990 filings.
How much is James G Hanes Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James G Hanes Memorial Fund reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James G Hanes Memorial Fund's EIN?
James G Hanes Memorial Fund's EIN (Employer Identification Number) is 56-6036987. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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