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
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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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