Jim and Freddie King Family Foundation I
Jim and Freddie King Family Foundation I is a private foundation focused on Arts, Culture & Humanities, based in TOPSAIL BEACH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 16 grants totaling $70K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+7.3% YoY
Annual Giving
$70K
-9.7% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$4K
-9.7% YoY
Under IRS private-foundation payout rules, Jim and Freddie King Family Foundation I reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.
About Jim and Freddie King Family Foundation I
Based on IRS filings
Jim and Freddie King Family Foundation I is a private foundation focused on Arts, Culture & Humanities, based in TOPSAIL BEACH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 16 grants totaling $70K. Net investment income was $10K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,568,906 | $1,462,818 | $1,299,928 |
| Revenue | $111,299 | $432,105 | $93,241 |
| Expenses | $90,938 | $77,973 | $78,626 |
| Qualifying Distributions | $70,000 | $77,500 | $66,500 |
| Net Investment Income | $9,827 | $356,632 | $28,861 |
| Distributable Amount | $76,204 | $64,066 | $68,294 |
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Share the Table ($10,000), Billy Graham Evangelistic Assoc ($7,500), Carolina Christian Radio ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Emma Anderson Memorial Chapel Topsail Beach, NC | To assist with operating expenditures | $6,600 |
| Camp Oak Hill Raleigh, NC | To assist with operating expenditures | $3,000 |
| Fellowship of Christian Athletes Raleigh, NC | To assist with operating exdpenditures | $1,500 |
| Pioneers Orlando, FL | To assist with operating expenditures | $4,000 |
| Cross Trail Outfitters of NC Plymouth, NC | To assist with operating expenditures | $3,000 |
| Billy Graham Evangelistic Assoc Charlotte, NC | To assist with operating expenditures | $7,500 |
| Focus on the Family Colorado Springs, CO | To assist with operating expenditures | $3,000 |
| Carolina Christian Radio Wilmington, NC | To assist with operating expenditures | $7,500 |
| Samaritians Purse Boone, NC | To assist with operating expenditures | $7,500 |
| Young Life Prescott, AZ | To assist with operating expenditures | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jim A King | Director | — | — |
| Freddie J King | Director | — | — |
| Jeremy C King | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jim and Freddie King Family Foundation I?
Jim and Freddie King Family Foundation I is a private foundation focused on Arts, Culture & Humanities, based in TOPSAIL BEACH, NC. It holds $1.6M in total assets as of 2024.
How large is Jim and Freddie King Family Foundation I?
As of 2024, Jim and Freddie King Family Foundation I holds $1.6M in total assets with $111K in annual revenue. It awarded 16 grants totaling $70K in 2024.
Where does Jim and Freddie King Family Foundation I operate?
Jim and Freddie King Family Foundation I has awarded grants in Arizona, Colorado, Florida, Illinois, Indiana, North Carolina, Ohio, Texas.
What size grants does Jim and Freddie King Family Foundation I award?
In 2024, Jim and Freddie King Family Foundation I awarded 16 grants totaling $70K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Jim and Freddie King Family Foundation I required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jim and Freddie King Family Foundation I reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jim and Freddie King Family Foundation I's EIN?
Jim and Freddie King Family Foundation I's EIN (Employer Identification Number) is 46-4384543. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jim and Freddie King Family Foundation I's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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