Kh Simpson Foundation Inc

WILMINGTON, NC EIN: 85-0937778

Kh Simpson Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 4 grants totaling $250K. Net investment income was $310K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.0M

+1.3% YoY

Annual Giving

$250K

+11.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$63K

+11.1% YoY

Under IRS private-foundation payout rules, Kh Simpson Foundation Inc reported a distributable amount of $265K for 2024 — the minimum it must pay out in qualifying distributions.

About Kh Simpson Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $785K (100%)

States

North Carolina

Cities

BooneCharlotteMontreatRaleighWilmington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,009,058	$4,943,978	$5,121,758
Revenue	$339,928	$74,603	$216,354
Expenses	$280,257	$253,957	$125,043
Qualifying Distributions	$250,000	$225,000	$100,000
Net Investment Income	$309,671	$53,830	$191,311
Distributable Amount	$265,184	$238,200	$237,861

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Samaritan's Purse ($125,000), Montreat College ($50,000), Christ Community Church of Wilmington ($50,000).

Recipient	Purpose	Amount
MONTREAT COLLEGE MONTREAT, NC	HURRICANE HELENE RESTORATION SUPPORT	$50,000
CHRIST COMMUNITY CHURCH OF WILMINGTON WILMINGTON, NC	CAPITAL CAMPAIGN PLEDGE	$50,000
NC AQUARIUM SOCIETY RALEIGH, NC	CAMPAIGN FOR THE NC AQUARIUMS - FORT FISHER	$25,000
SAMARITAN'S PURSE BOONE, NC	WESTERN NORTH CAROLINA RELIEF FROM HURRICANE HELENE	$125,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KATHARINE E SULLIVAN	CO-TRUSTEE	1	—
HAZEL CLAIRE EFIRD	CO-TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Kh Simpson Foundation Inc?

Kh Simpson Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, NC. It holds $5.0M in total assets as of 2024.

How large is Kh Simpson Foundation Inc?

As of 2024, Kh Simpson Foundation Inc holds $5.0M in total assets with $340K in annual revenue. It awarded 4 grants totaling $250K in 2024.

Where does Kh Simpson Foundation Inc operate?

Kh Simpson Foundation Inc has awarded grants in North Carolina.

What size grants does Kh Simpson Foundation Inc award?

In 2024, Kh Simpson Foundation Inc awarded 4 grants totaling $250K — an average of about $63K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kh Simpson Foundation Inc reported a distributable amount of $265K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.