Mann Foundation Inc

RALEIGH, NC EIN: 27-4011207

Mann Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 13 grants totaling $134K. Net investment income was $101K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+0.1% YoY

Annual Giving

$134K

+6.9% YoY

Grant Count

+30.0% YoY

Avg Grant Size

$10K

-17.8% YoY

Under IRS private-foundation payout rules, Mann Foundation Inc reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.

About Mann 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 $518K (99%)

New York $5K (1%)

States

North Carolina New York

Cities

AlbanyCarrboroCaryChapel HillCharlotteDurhamLittletonRaleighWingate

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,273,553	$1,272,588	$1,291,411
Revenue	$209,873	$116,446	$300,421
Expenses	$144,471	$135,269	$121,679
Qualifying Distributions	$135,750	$127,000	$112,700
Net Investment Income	$100,932	$108,177	$92,483
Distributable Amount	$65,527	$63,878	$68,410

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

46 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Wingate University ($25,000), Educational Foundation ($25,000), Ravenscroft School ($20,000).

Recipient	Purpose	Amount
BAND TOGETHER NC RALEIGH, NC	CHARITABLE	$5,000
DIAPER TRAIN RALEIGH, NC	CHARITABLE	$9,100
FELLOWSHIP OF CHRISTIAN ATHLETES RALEIGH, NC	CHARITABLE	$10,000
HAYES BARTON UNITED METHODIST CHURCH RALEIGH, NC	CHARITABLE	$9,000
MADELYNS FUND CHARLOTTE, NC	CHARITABLE	$8,000
NC HALL OF FAME INC CHAPEL HILL, NC	CHARITABLE	$10,000
NORTH CAROLINA COMMUNITY FOUNDATION RALEIGH, NC	CHARITABLE	$5,000
PAVE SE RALEIGH CHARTER SCHOOL RALEIGH, NC	CHARITABLE	$1,500
RAVENSCROFT SCHOOL RALEIGH, NC	CHARITABLE	$20,000
WINGATE UNIVERSITY WINGATE, NC	CHARITABLE	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS H MANN	DIRECTOR	0.5	—
JANE M MANN	TREASURER	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mann Foundation Inc?

Mann Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $1.3M in total assets as of 2024.

How large is Mann Foundation Inc?

As of 2024, Mann Foundation Inc holds $1.3M in total assets with $210K in annual revenue. It awarded 13 grants totaling $134K in 2024.

Where does Mann Foundation Inc operate?

Mann Foundation Inc has awarded grants in North Carolina, New York.

What size grants does Mann Foundation Inc award?

In 2024, Mann Foundation Inc awarded 13 grants totaling $134K — an average of about $10K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mann Foundation Inc reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.