Kelly Foundation Inc
Kelly Foundation Inc is a private foundation, based in Raleigh, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $564K in total assets. Net investment income was $19K.
Kelly Foundation Inc at a glance
- Total assets
- $563,978
- +3.6% vs 2024
- Revenue (2025)
- $26,383
- -76.5% vs 2024
- Net investment income (2025)
- $19,343
- -81.7% vs 2024
- Expenses (2025)
- $7,040
- -78.5% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Kelly Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 7 grants of 9 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Kelly Foundation Inc gives
- Giving fell 84% from 2021 to 2024. Method
- In 2024 it paid out 57% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $26K (2024) to $386K (2020). In 2024 it made 1 grant totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| White Memorial Presbyterian Church Raleigh, NC | General Purpose | $26,000 |
Ready to take the next step with Kelly Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $563,978 | $26,383 | $7,040 | — | — | — | $19,343 | $52,341 |
| 2024 | $544,635 | $112,143 | $32,721 | $26,000 | 1 | $26,000 | $105,422 | $45,982 |
| 2023 | $465,213 | $54,331 | $77,566 | $72,000 | 2 | $72,000 | $48,765 | $41,171 |
| 2022 | $488,448 | $65,356 | $71,845 | $65,000 | 2 | $65,000 | $59,377 | $42,340 |
| 2021 | $494,937 | $29,350 | $180,171 | $166,000 | 4 | $166,000 | $15,179 | $49,086 |
| 2020 | $645,758 | $395,484 | $394,154 | $386,000 | 2 | — | $285,322 | $43,792 |
Under IRS private-foundation payout rules, Kelly Foundation Inc reported a distributable amount of $52K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kelly Foundation Inc is led by J. Fredrick Kelly Jr., Director on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
J. Fredrick Kelly Jr.
Director
On filings since 2020
1 hr/week
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.
Frequently asked questions about Kelly Foundation Inc
How large is Kelly Foundation Inc?
Kelly Foundation Inc reported $564K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $26K.
Where does Kelly Foundation Inc operate?
Kelly Foundation Inc has awarded grants in Iowa, North Carolina.
How much is Kelly Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Kelly Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kelly Foundation Inc's EIN?
Kelly Foundation Inc's EIN (Employer Identification Number) is 26-1485027. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Kelly Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
A E Finley Foundation Inc
Raleigh, NC
The foundation funds education and life-skills training, job readiness, and human and community services, with most of its giving in North Carolina. In 2025, grants ranged from $2,500 to $347,175, with a median of $5,000; it gives only to preselected charities and does not accept unsolicited requests.
Assets
$30.1M
Grants
70
Total Given
$1.5M
North Carolina Community Foundation Inc
Raleigh, NC
The North Carolina Community Foundation supports charitable organizations and community programs in areas such as human services, education, youth development, health, food and nutrition, and the arts. Its typical grant was $15,000 in 2025; it serves communities statewide, with an emphasis on rural North Carolina, and accepts applications through specific affiliate, giving-circle, and other grant programs.
Assets
$569.1M
Grants
732
Total Given
$30.6M
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Josephine S Leiser Foundation Inc
Fort Lauderdale, FL
The Josephine S. Leiser Foundation supports organizations working in arts and culture, education, health, housing and social services, and public spaces, primarily in Florida, with some grants in North Carolina and New Hampshire. Its 2025 grants ranged from $5,000 to $50,000, with a median of $10,000. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$4.7M
Grants
23
Total Given
$380K
The Jandy Ammons Foundation Inc
Raleigh, NC
The Jandy Ammons Foundation supports project-based community initiatives, including wildlife and conservation, parks, education, arts, and Christian church missions, primarily in North Carolina with a preference for the Triangle. Recent grants ranged from $12,216 to $75,000, with a median of $30,000. It accepts unsolicited requests through a letter of inquiry reviewed annually.
Assets
$7.4M
Grants
17
Total Given
$577K
Hillsdale Fund
Greensboro, NC
Hillsdale Fund supports organizations working in areas including education, conservation, arts and culture, youth opportunity, and health care, with grants across the U.S. and the largest share in North Carolina. Its 2024 grants ranged from $1,500 to $100,000, with a median of $15,000; it accepts applications and does not limit giving to preselected organizations.
Assets
$29.3M
Grants
69
Total Given
$1.5M
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Kelly Foundation 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.
Kelly Foundation Inc down — hundreds of funders to go?