M & J Foundation Inc
M & J Foundation Inc. is a private foundation based in Raleigh, North Carolina. Its 2024 filing reports grants to charitable organizations, including organizations involved in youth ministry, education, religious life, and community services.
M & J Foundation Inc at a glance
In short: M & J Foundation Inc gave $396K across 38 grants in 2024 (avg $10K), mostly in North Carolina. 8% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $395,750
- +5.5% vs 2023
- Grants made (2024)
- 38
- -5.0% vs 2023
- Average grant
- $10,414
- +11.1% vs 2023
- Median grant
- $2,500
- Total assets
- $6,414,030
- +4.8% vs 2023
- New grantees (estimate)
- 8% first-time grantees (3 of 38, 2024)
- Primary geography
- North Carolina (65% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to M & J Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 339 Yadkin Dr, Raleigh, NC 27609
Phone: (919) 583-9290
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who M & J Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Young Life ($130K). Together the top 10 received $333K.
Grant Size Distribution
187 grants across all recorded years
The most common grant size was under $50K: 169 grants of 187 (90%).
Geographic Focus
Where this funder awards grants
In 2024, 65% of grant dollars went to recipients in North Carolina and 33% to recipients in Colorado. The reported shares for Missouri, Tennessee, and Maine were 1%, 0%, and 0%, respectively.
Grant Distribution by State
Share of 2024 grant dollars across all 38 itemized grants.
Cities
Is M & J Foundation Inc open to new grantees?
8%
first-time grantees, 2024
In 2024, 3 of 38 grantees (8%) were first-time recipients. First grants averaged $35K; repeat grants $8K. How we count
Medians: $50K first-time, $3K repeat.
- 92% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 133% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $355K (2020) to $433K (2021). In 2024 it made 38 grants totaling $396K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| Samirtians Purse Boone, NC | To Support the Mission of the Organization | $50,000 |
| NC State Study Center Raleigh, NC | To Support the Mission of the Organization | $50,000 |
| Duke Eye Center Durham, NC | To Support the Mission of the Organization | $16,250 |
| Lees McRae College Banner Elk, NC | To Support the Mission of the Organization | $11,250 |
| Boys Girls Club of Wayne County Goldsboro, NC | To Support the Mission of the Organization | $10,000 |
| Crusades for Christ Winston-Salem, NC | To Support the Mission of the Organization | $5,000 |
| 3HC Goldsboro, NC | To Support the Mission of the Organization | $5,000 |
| Boys Scouts of America Tuscarora CO Goldsboro, NC | To Support the Mission of the Organization | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $6,414,030 | $737,110 | $444,970 | $395,750 | 38 | $395,750 | $687,890 | $298,373 |
| 2023 | $6,122,986 | $263,667 | $426,211 | $375,000 | 40 | $375,000 | $212,828 | $337,829 |
| 2022 | $6,295,482 | $185,814 | $472,158 | $424,500 | 35 | $424,500 | $183,968 | $350,944 |
| 2021 | $6,587,589 | $824,118 | $486,526 | $433,260 | 38 | $433,260 | $770,852 | $407,673 |
| 2020 | $6,251,808 | $172,210 | $396,479 | $354,500 | 36 | — | $130,231 | $396,241 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations whose own missions include youth ministry, education, religious activities, and services for children and communities. For example, Young Life describes its work as helping adolescents become exposed to the person of Jesus Christ through activities including weekly meetings, Bible studies, camps, and short-term missions. NC State Study Center says it focuses its educational and religious efforts on students, faculty, and guests of NC State University.
Other supported organizations describe missions centered on community problem-solving (Justice Matters), Christian faith and athletics (Fellowship of Christian Athletes), student education (Wayne Country Day School and St. David’s School), Christian higher education (University of Mount Olive), and finding safe family settings for children (Children’s Hope Alliance).
Grantmaking
In 2024, the foundation gave $395,750 through 38 grants. Grants ranged from $1,250 to $130,000, with a median grant of $2,500.
The largest reported awards included $130,000 to Young Life; $50,000 each to North Carolina Study Center, Samirtians Purse, and NC State Study Center; and $16,250 to Duke Eye Center. Other reported grants included $11,250 to Lees McRae College and $10,000 to Boys Girls Club of Wayne County. The stated purpose for these grants was to support the recipient organizations’ missions.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Marcellus J Best Jr as president and Frank S Best as director.
M & J Foundation Inc is led by MARCELLUS J BEST Jr., President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
MARCELLUS J BEST Jr.
President
On filings since 2020
10 hrs/week
No compensation reported
Frank S. Best
Director
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about M & J Foundation Inc
How much does M & J Foundation Inc give each year?
M & J Foundation Inc gave $396K across 38 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $375K across 40 grants.
What is M & J Foundation Inc's typical grant size?
M & J Foundation Inc's median grant in 2024 was $2,500, and its average grant was $10,414, across 38 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from M & J Foundation Inc that year got $35K on average.
Where does M & J Foundation Inc give grants?
M & J Foundation Inc gives mostly in North Carolina: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Colorado (33%). The most frequent recipient cities were Goldsboro, NC (20 grants), Raleigh, NC (3 grants) and Durham, NC (3 grants).
Does M & J Foundation Inc give general operating support?
Not in 2024: none of the 38 grants with a stated purpose on M & J Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Support the Mission of the Organization" (38 grants).
Who are M & J Foundation Inc's largest grantees?
M & J Foundation Inc's largest 2024 grantees include Young Life ($130,000), North Carolina Study Center ($50,000) and Samirtians Purse ($50,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is M & J Foundation Inc?
M & J Foundation Inc reported $6.4M in total assets on its 2024 IRS Form 990-PF. It paid out $396K in qualifying distributions that year, against a required minimum of $298K (roughly 5% of its investment assets).
What does M & J Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations whose own missions include youth ministry, education, religious activities, and services for children and communities. See mission & focus areas ↑
How do I apply for a grant from M & J Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does M & J Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). M & J Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/m-and-j-foundation-inc-morg_82237fe1e812484da8f2f346fe943a79
BibTeX
@misc{grantable_566050267_2026,
author = {{Grantable}},
title = {{M \& J Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/m-and-j-foundation-inc-morg_82237fe1e812484da8f2f346fe943a79},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from M & J Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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