Ketner Foundation Inc

SALISBURY, NC EIN: 56-6061068

Ketner Foundation Inc is a private foundation, based in SALISBURY, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $866K in total assets. In 2025, it awarded 13 grants totaling $43K. Net investment income was $74K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$866K

+1.7% YoY

Annual Giving

$43K

+32.3% YoY

Grant Count

+18.2% YoY

Avg Grant Size

$3K

+12.0% YoY

Under IRS private-foundation payout rules, Ketner Foundation Inc reported a distributable amount of $52K for 2025 — the minimum it must pay out in qualifying distributions.

About Ketner Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $229K (100%)

States

North Carolina

Cities

CharlotteCooleemeeDurhamRaleighSalisburySpencer

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$865,726	$851,294	$914,441
Revenue	$62,560	$-25,759	$-30,151
Expenses	$48,128	$37,388	$54,520
Qualifying Distributions	$47,000	$36,000	$54,040
Net Investment Income	$73,703	$65,102	$64,187
Distributable Amount	$51,821	$45,354	$45,794

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 2025

Grant Size Distribution

64 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Catawba College ($15,000), Community Care Clinic of Rowan Co ($5,000), Providence Day School ($5,000).

Recipient	Purpose	Amount
CATAWBA COLLEGE SALISBURY, NC	CURRENT OPERATIONS	$15,000
COMMUNITY CARE CLINIC OF ROWAN CO SALISBURY, NC	CURRENT OPERATIONS	$5,000
LEE STREET THEATRE SALISBURY, NC	CURRENT OPERATIONS	$1,500
LUTHERAN SERVICES CAROLINAS SALISBURY, NC	CAMPAIGN PLEDGE	$2,500
N C TRANSPORTATION MUSEM SPENCER, NC	CURRENT OPERATIONS	$1,000
NOVANT HEALTH ROWAN SALISBURY, NC	CURRENT OPERATIONS	$1,000
RONALD MCDONALD HOUSE DURHAM, NC	CURRENT OPERATONS	$3,000
ROWAN ARTS COUNCIL SALISBURY, NC	CURRENT OPERATIONS	$1,000
ROWAN CABARRUS YMCA SALISBURY, NC	CURRENT OPERATIONS-INVEST IN YOUTH	$1,500
ROWAN HELPING MINISTRIES SALISBURY, NC	CURRENT OPERATIONS	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
GLENN E KETNER JR	PRESIDENT	—	—
CAROLYN K PENNY	SECRETARY	—	—
JOHN C KETNER	VICE PRESIDE	—	—

Frequently Asked Questions

How large is Ketner Foundation Inc?

As of 2025, Ketner Foundation Inc holds $866K in total assets with $63K in annual revenue. It awarded 13 grants totaling $43K in 2025.

Where does Ketner Foundation Inc operate?

Ketner Foundation Inc has awarded grants in North Carolina.

What size grants does Ketner Foundation Inc award?

In 2025, Ketner Foundation Inc awarded 13 grants totaling $43K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Ketner Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Ketner Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.