James G Hanes Memorial Fund
The James G Hanes Memorial Fund is a private foundation based in Winston-Salem, North Carolina. It supports public charities in arts, education, and humanitarian services, with priority for organizations serving Winston-Salem, Forsyth County, and the Triad.
Key facts about James G Hanes Memorial Fund
In short: James G Hanes Memorial Fund gave $2.2M across 26 grants in 2025 (avg $86K), mostly in North Carolina. 64% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 56-6036987
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $2,234,792
- Grants made (2025)
- 26
- Average grant
- $85,954
- Median grant
- $50,000
- New grantees (estimate)
- 64% first-time grantees (16 of 25, 2025)
- Total assets
- $25,144,622
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Deadline
- The website lists February 20 for consideration at the spring board session and August 1 for consideration at the fall…
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$25.1M
+25.6% YoY
Annual Giving
$2.2M
+18.1% YoY
Grant Count
26
+62.5% YoY
Avg Grant Size
$86K
-27.3% YoY
Under IRS private-foundation payout rules, James G Hanes Memorial Fund reported a distributable amount of $2.4M for 2025 — the minimum it must pay out in qualifying distributions.
Is James G Hanes Memorial Fund open to new grantees?
64%
first-time grantees, 2025
In 2025, 16 of 25 grantees (64%) were first-time recipients. First grants averaged $58K; repeat grants $145K. How we count
Medians: $35K first-time, $75K repeat.
- 12% of 2025 grantees were also funded in 2024. Method
- Giving grew 51% from 2022 to 2025. Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated focus is supporting nonprofit organizations in arts, education, and humanitarian services. Eligible organizations must qualify as exempt under Section 501(c)(3) of the Internal Revenue Code.
Its 2025 grantees illustrate a range of services. Family Services Inc. describes its mission as strengthening the well-being and development of families and individuals through human services, including therapy, counseling, education, special assistance, and advocacy. Horizons Residential Care Center says it provides compassionate care and services for people with developmental disabilities and their families. Miracles in Sight describes its work as supporting the restoration, preservation, and enhancement of sight through transplantation, research, education, and innovation.
Grantmaking
In 2025, the fund reported 26 grants totaling $2,234,792. Grant amounts ranged from $6,800 to $500,000, with a median of $50,000. Notable awards included $500,000 to UNC School of the Arts Foundation for a capital campaign; $349,992 to NC Museum of Art Foundation for operational support; $250,000 to Winston Salem Foundation Futures FU to assist with WSFCS debt reduction; and $200,000 to WSFCS Education Foundation for educational supplies.
The website says applications are submitted through an online grant application form, with an alternative accessible application available for assistive technology users. It asks applicants to answer every question. The website says grants are generally non-recurring, does not offer grants for administrative support and expenses or other operational purposes, and may consider operational support for a limited period to begin a program. Grant payment durations are generally limited to three years.
Review Cycle
The website lists February 20 for consideration at the spring board session and August 1 for consideration at the fall session. The 2023 filing separately lists January 1, April 1, July 1, and October 1 as annual application deadlines.
Open Grants
1 open opportunity from James G Hanes Memorial Fund
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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, and the Triad of North Carolina. It also considers organizations whose work can affect other regions of North Carolina. All 2025 grant dollars went to recipients in North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.4M (2020) to $2.2M (2025). In 2025 it made 26 grants totaling $2.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was UNC School of the Arts Foundation ($500K). Together the top 10 received $1.8M.
Grant Size Distribution
82 grants across all recorded years
The most common grant size was under $50K: 35 grants of 82 (43%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNC School of the Arts Foundation Winston-Salem, NC | Capital Campaign | $500,000 |
| NC Museum of Art Foundation Winston-Salem, NC | Operational Support | $349,992 |
| Winston Salem Foundation Futures Fu Winston-Salem, NC | Assist with WSFCS Debt Reduction | $250,000 |
| WSFCS Education Foundation Kernersville, NC | Educational Supplies | $200,000 |
| Summit School Winston-Salem, NC | Program, Capital & Endowment | $116,667 |
| Wake Forest University Teach Winston-Salem, NC | Assist Program Development | $112,500 |
| Family Services Inc Winston-Salem, NC | Capital Campaign | $83,333 |
| Horizons Residential Care Center Rural Hall, NC | Capital Projects | $80,000 |
| Miracles in Sight Clemmons, NC | Capital Projects | $75,000 |
| Dream Center of Forsyth County Winston-Salem, NC | Building Improvements | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $25,144,622 | $7,714,232 | $2,589,117 | $2,234,792 |
| 2024 | $20,011,960 | $3,326,912 | $2,172,394 | $1,892,668 |
| 2023 | $18,868,864 | $2,769,609 | $1,871,952 | $1,626,014 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $25,144,622 | $20,011,960 | $18,868,864 |
| Revenue | $7,714,232 | $3,326,912 | $2,769,609 |
| Expenses | $2,589,117 | $2,172,394 | $1,871,952 |
| Qualifying Distributions | $2,312,411 | $1,900,121 | $1,639,460 |
| Net Investment Income | $7,441,836 | $3,075,370 | $2,542,650 |
| Distributable Amount | $2,443,385 | $2,259,565 | $1,766,951 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 26, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Eldridge C Hanes as president and James G Hanes III and Drewry Nostitz-Rieneck as directors.
James G Hanes Memorial Fund is led by Eldridge C. Hanes, President since 2024 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Eldridge C. Hanes
President
Director → President, 2024
On filings since 2020
No compensation reported
Drewry Nostitz-Rieneck
Director
On filings since 2020
No compensation reported
James G. Hanes III
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: James G Hanes Memorial Fund
Mailing address: 480 Shepherd Street, Winston Salem, NC 27103
Phone: (336) 768-7230
Website: https://hanesmemorialfund.org
Frequently asked questions about James G Hanes Memorial Fund
How much does James G Hanes Memorial Fund give each year?
James G Hanes Memorial Fund gave $2.2M across 26 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.9M across 16 grants.
What is James G Hanes Memorial Fund's typical grant size?
James G Hanes Memorial Fund's median grant in 2025 was $50,000, and its average grant was $85,954, across 26 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from James G Hanes Memorial Fund that year got $58K on average.
Where does James G Hanes Memorial Fund give grants?
James G Hanes Memorial Fund gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Winston-Salem, NC (17 grants), Elkin, NC (2 grants) and Greensboro, NC (2 grants).
Does James G Hanes Memorial Fund give general operating support?
Occasionally: 8% of James G Hanes Memorial Fund's 2025 grants with a stated purpose (2 of 26) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Capital Campaign" (3 grants).
Who are James G Hanes Memorial Fund's largest grantees?
James G Hanes Memorial Fund's largest 2025 grantees include UNC School of the Arts Foundation ($500,000), NC Museum of Art Foundation ($349,992) and Winston Salem Foundation Futures Fu ($250,000), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is James G Hanes Memorial Fund?
James G Hanes Memorial Fund reported $25.1M in total assets on its 2025 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does James G Hanes Memorial Fund fund?
The foundation’s stated focus is supporting nonprofit organizations in arts, education, and humanitarian services. Eligible organizations must qualify as exempt under Section 501(c)(3) of the Internal Revenue Code. See mission & focus areas ↑
How do I apply for a grant from James G Hanes Memorial Fund?
James G Hanes Memorial Fund has no public application process in the sources Grantable reviewed. Check hanesmemorialfund.org for current guidelines, or contact the foundation directly before submitting a request.
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Here's the math on researching James G Hanes Memorial Fund by hand.
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