M & J Foundation Inc
M & J Foundation Inc. is a private foundation based in Raleigh, North Carolina. Established in May 1959, the foundation operates as a family foundation with a focus on charitable giving in education, human services, and philanthropic support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.4M
+4.8% YoY
Annual Giving
$396K
+5.5% YoY
Grant Count
38
-5.0% YoY
Avg Grant Size
$10K
+11.1% YoY
Under IRS private-foundation payout rules, M & J Foundation Inc reported a distributable amount of $298K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
- Children and youth programs
- Youth services
- Scouting organizations
- Community health
Grantmaking
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $6,414,030 |
| Total Giving (2024) | $395,750 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,414,030 | $6,122,986 | $6,295,482 |
| Revenue | $737,110 | $263,667 | $185,814 |
| Expenses | $444,970 | $426,211 | $472,158 |
| Qualifying Distributions | $395,750 | $375,000 | $424,500 |
| Net Investment Income | $687,890 | $212,828 | $183,968 |
| Distributable Amount | $298,373 | $337,829 | $350,944 |
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
187 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Young Life ($130,000), North Carolina Study Center ($50,000), Samirtians Purse ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DUKE CANCER CENTER DURHAM, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $1,250 |
| WATCH GOLDSBORO, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $1,500 |
| CRUSADES FOR CHRIST WINSTON SALEM, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $5,000 |
| YOUNG LIFE Colorado Springs, CO | TO SUPPORT THE MISSION OF THE ORGANIZATION | $130,000 |
| NORTH CAROLINA STUDY CENTER CHAPEL HILL, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $50,000 |
| THE MCCALLIE SCHOOL CHATTANOOGA, TN | TO SUPPORT THE MISSION OF THE ORGANIZATION | $1,250 |
| 3HC GOLDSBORO, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $5,000 |
| BOWDOIN COLLEGE BRUNSWICK, ME | TO SUPPORT THE MISSION OF THE ORGANIZATION | $1,250 |
| BOYS SCOUTS OF AMERICA TUSCARORA CO GOLDSBORO, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $5,000 |
| CHILDRENS HOPE ALLIANCE STATESVILLE, NC | TO SUPPORT THE MISSION OF THE ORGANIZATION | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARCELLUS J BEST Jr | PRESIDENT | 10 | — |
| FRANK S BEST | DIRECTOR | 10 | — |
Contact Information
Address: 339 Yadkin Drive, Raleigh, NC 27609-6362
Phone: 919-583-9290
EIN: 56-6050267
Frequently Asked Questions
What does M & J Foundation Inc fund?
The foundation's primary funding interests include: • Education • Human Services • Philanthropy, Voluntarism & Grantmaking • Children and youth programs • Youth services • Scouting organizations • Community health
How do I apply for a grant from M & J Foundation Inc?
**Grant Amounts:** Typical awards range from $500 to $142,500. **Annual Giving:** The foundation distributed $395,750 in total giving based on its most recent IRS Form 990 filing (2024). **Geographic Focus:** The foundation primarily funds organizations in North Carolina, Tennessee, and Missouri.
What size grants does M & J Foundation Inc award?
In 2024, M & J Foundation Inc awarded 38 grants totaling $396K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is M & J Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, M & J Foundation Inc reported a distributable amount of $298K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is M & J Foundation Inc's EIN?
M & J Foundation Inc's EIN (Employer Identification Number) is 56-6050267. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in M & J Foundation Inc'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.