King Family Foundation
King Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 16 grants totaling $260K. Net investment income was $147K.
Key facts about King Family Foundation
- EIN
- 56-2029682
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $260,000
- Grants made (2024)
- 16
- Average grant
- $16,250
- Median grant
- $10,000
- New grantees (estimate)
- 44% first-time grantees (7 of 16, 2024)
- Total assets
- $4,099,587
- Primary geography
- North Carolina (48% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026. New grantees are estimated by matching recipient names across years (methodology).
Who King Family Foundation funds
By grant dollars, the top recipient states for King Family Foundation's 16 itemized 2024 grants were North Carolina (48%), South Carolina (41%) and Michigan (6%). The most frequent recipient cities were Charlotte, NC (4 grants). None of its 16 grants with a stated purpose were described as general or operating support.
Is King Family Foundation open to new grantees?
44%
first-time grantees, 2024
In 2024, 7 of 16 grantees (44%) were first-time recipients. First grants averaged $9K; repeat grants $22K. How we count
Medians: $6K first-time, $10K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with King Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
-2.5% YoY
Annual Giving
$260K
+0.8% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$16K
+0.8% YoY
Under IRS private-foundation payout rules, King Family Foundation reported a distributable amount of $258K for 2024 — the minimum it must pay out in qualifying distributions.
About King Family Foundation
Based on IRS filings
King Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 16 grants totaling $260K. Net investment income was $147K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,099,587 | $4,204,806 | $4,301,639 |
| Revenue | $189,477 | $205,359 | $209,275 |
| Expenses | $298,484 | $297,712 | $321,287 |
| Qualifying Distributions | $260,150 | $258,200 | $280,150 |
| Net Investment Income | $146,843 | $110,677 | $92,982 |
| Distributable Amount | $258,001 | $247,939 | $266,302 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Narroway Productions ($100,000), Home Again Foundation ($20,000), Hometown Heroes ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NARROWAY PRODUCTIONS Fort Mill, SC | RENOVATIONS AND UPGRADES | $100,000 |
| HOME AGAIN FOUNDATION Charlotte, NC | VETERANS COMMUNITY | $20,000 |
| HOMETOWN HEROES Monroe, NC | FIN SUPPORT FAMILIES W/ CHILDREN | $20,000 |
| NOURISH UP Charlotte, NC | GROCERY DELIVERY | $20,000 |
| NORTH CASNOVIA BAPTIST CHURCH Mailey, MI | INDIA PASTOR'S PROJECT | $15,000 |
| SAMARITANS PURSE Boone, NC | HURRICANE HELENE RELIEF | $15,000 |
| THOMPSON CHILD FAMILY FOCUS Matthews, NC | INTERVENTION SERVICES | $13,500 |
| CRISIS ASSISTANCE MINISTRY Charlotte, NC | STABILITY SERVICES | $10,000 |
| OUR FATHER'S CHILDREN Fort Worth, TX | FAMILY KIDS CAMP | $10,000 |
| NOW OUTREACH Gastonia, NC | DECK CONSTRUCTION | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James S King | President | 1 | — |
| Rebecca K Goudy | Vice Preside | — | — |
| Brenda K Egnor | Secretary | — | — |
| Andrew C King | Treasurer | — | — |
| Cheryl Lasater | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is King Family Foundation?
King Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlotte, NC. It holds $4.1M in total assets as of 2024.
How large is King Family Foundation?
As of 2024, King Family Foundation holds $4.1M in total assets with $189K in annual revenue. It awarded 16 grants totaling $260K in 2024.
Where does King Family Foundation operate?
King Family Foundation has awarded grants in Michigan, North Carolina, Pennsylvania, South Carolina, Texas.
What size grants does King Family Foundation award?
In 2024, King Family Foundation awarded 16 grants totaling $260K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is King Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, King Family Foundation reported a distributable amount of $258K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is King Family Foundation's EIN?
King Family Foundation's EIN (Employer Identification Number) is 56-2029682. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.