Kern Foundation Irrevocable Trust

DURHAM, NC EIN: 26-6165374

Kern Foundation Irrevocable Trust is a private foundation, based in DURHAM, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $153K in total assets. In 2024, it awarded 5 grants totaling $4K. Net investment income was $25K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$153K

+15.1% YoY

Annual Giving

$4K

-53.7% YoY

Grant Count

-37.5% YoY

Avg Grant Size

$880

-25.9% YoY

Under IRS private-foundation payout rules, Kern Foundation Irrevocable Trust reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

About Kern Foundation Irrevocable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $24K (100%)

States

North Carolina

Cities

BooneCharlotteMehoopanyRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$153,268	$133,120	$174,499
Revenue	$26,539	$8,461	$-8,593
Expenses	$6,390	$11,217	$13,452
Qualifying Distributions	$4,400	$9,500	$9,600
Net Investment Income	$25,374	$7,459	$1,296
Distributable Amount	$6,351	$7,756	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Raleigh Rescue Mission ($900), Nourish up ($900), Urban Promise ($900).

Recipient	Purpose	Amount
RALEIGH RESCUE MISSION Raleigh, NC	Charitable contribution to support organization	$900
CHARLOTTE NC CENTER FOR HOPE CHARLOTTE, NC	Charitable Contribution to support Organization	$800
NOURISH UP CHARLOTTE, NC	Charitable Contribution to support Organization	$900
URBAN PROMISE CHARLOTTE, NC	Charitable Contribution to support Organization	$900
SAMARITANS PURSE BOONE, NC	Charitable Contribution to support Organization	$900

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SUSAN CAMPBELL	TRUSTEE	—	—
THOMAS CAMPBELL	TRUSTEE	—	—

Frequently Asked Questions

How large is Kern Foundation Irrevocable Trust?

As of 2024, Kern Foundation Irrevocable Trust holds $153K in total assets with $27K in annual revenue. It awarded 5 grants totaling $4K in 2024.

Where does Kern Foundation Irrevocable Trust operate?

Kern Foundation Irrevocable Trust has awarded grants in North Carolina.

What size grants does Kern Foundation Irrevocable Trust award?

In 2024, Kern Foundation Irrevocable Trust awarded 5 grants totaling $4K — an average of about $880 per grant, based on its IRS Form 990 filings.

How much is Kern Foundation Irrevocable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kern Foundation Irrevocable Trust reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Kern Foundation Irrevocable Trust's EIN?

Kern Foundation Irrevocable Trust's EIN (Employer Identification Number) is 26-6165374. IRS Form 990 filing data is available on this page for 2022–2024.