Lonnie & Carol Poole Family Foundation
The Lonnie & Carol Poole Family Foundation is a private 501(c)(3) grantmaking foundation established in 1998 and headquartered in Raleigh, North Carolina. The foundation seeks to impact the lives of men, women, and children by providing bi-annual grants to nonprofit organizations throughout the communities where the Poole family resides.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.6M
-12.5% YoY
Annual Giving
$430K
+82.7% YoY
Grant Count
41
+7.9% YoY
Avg Grant Size
$10K
+69.3% YoY
Under IRS private-foundation payout rules, Lonnie & Carol Poole Family Foundation reported a distributable amount of $473K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
s:**
Average Grant
amount: $10,000 (2024)
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable organizations in:
- North Carolina
- Florida
- Texas
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $6,630,186
- Annual Giving: $430,132
- Revenue: -$459,493
- Expenses: $488,028
- Qualifying Distributions: $430,132
- Net Investment Income: $132,802
As of 2023:
- Total Assets: $7,577,707
- Total Revenue: $5,541,834
- Total Expenses: $246,841
- Giving Rate: 3.1% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,630,186 | $7,577,707 | $2,281,674 |
| Revenue | $-459,493 | $5,541,834 | $2,716 |
| Expenses | $488,028 | $246,841 | $288,480 |
| Qualifying Distributions | $430,132 | $235,482 | $271,450 |
| Net Investment Income | $132,802 | $49,382 | $45,861 |
| Distributable Amount | $472,730 | $171,220 | $116,028 |
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
188 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wake Education Partnership ($87,302), Father's Forever ($35,000), Occoneechee Council Bsa ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 3HC HOSPICE RALEIGH, NC | CHARITABLE | $500 |
| ACORN SCHOLARSHIP FUND RALEIGH, NC | CHARITABLE | $1,000 |
| ALLIANCE MEDICAL MINISTRY RALEIGH, NC | CHARITABLE | $5,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | CHARITABLE | $500 |
| BAPTISTS ON MISSION CARY, NC | CHARITABLE | $25,000 |
| BOYS AND GIRLS CLUBS RALEIGH, NC | CHARITABLE | $5,000 |
| CAPE FEAR COUNCIL BSA WILMINGTON, NC | CHARITABLE | $5,000 |
| COMMUNITY CHRISTMAS CLUB DAYTONA BEACH, FL | CHARITABLE | $1,180 |
| ELON UNIVERSITY ELON, NC | CHARITABLE | $10,000 |
| FATHER'S FOREVER RALEIGH, NC | CHARITABLE | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Chelsea Poole Daughtry: Foundation Director
- John Akerman: Director
- Nancy Herron Hall: Executive Director
The foundation employs 3 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LONNIE POOLE | PRESIDENT | 5 | — |
| NANCY HALL | EXECUTIVE DIRECTOR | 5 | — |
| VEN POOLE | SECRETARY | 5 | — |
Recent News & Activity
Recent developments and announcements
In September 2024, the foundation provided financial support to Baptists on Mission in response to disaster relief needs in Western North Carolina.
The foundation has made significant grants to organizations including InterAct and Hilltop Home, Inc., demonstrating ongoing commitment to human services and community support organizations.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Lonnie & Carol Poole Family Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Lonnie & Carol Poole Family Foundation?
**Grant Activity:** • Made 41 grants in 2024 • Made 39 grants in 2023 • Made 37 grants in 2023 (per alternative source) **Grant Sizes:** • Average grant amount: $10,000 (2024) • Median grant amount: $5,000 • Grant range: $1,000 to $87,302 • Typical awards: $500–$87,302 **Application Process:** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Recent Grant Examples:** • University of North Carolina at Chapel Hill: $30,000 (2023) • Boy Scouts of Ameri…
Where does Lonnie & Carol Poole Family Foundation make grants?
The foundation primarily funds charitable organizations in: • North Carolina • Florida • Texas
What size grants does Lonnie & Carol Poole Family Foundation award?
In 2024, Lonnie & Carol Poole Family Foundation awarded 41 grants totaling $430K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Lonnie & Carol Poole Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lonnie & Carol Poole Family Foundation reported a distributable amount of $473K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lonnie & Carol Poole Family Foundation's EIN?
Lonnie & Carol Poole Family Foundation's EIN (Employer Identification Number) is 56-2087730. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lonnie & Carol Poole Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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