Maxwell Corpening Jr Memorial
The Maxwell M Corpening Jr Memorial Foundation is a private foundation established in 1972, based in Marion, North Carolina. The foundation operates as a 501(c)(3) organization with a focus on direct charitable assistance and grantmaking to support residents of McDowell County.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$684K
+10.3% YoY
Annual Giving
$576K
-6.0% YoY
Grant Count
309
-4.0% YoY
Avg Grant Size
$2K
-2.1% YoY
Mission & Focus Areas
The foundation does not maintain a published mission statement. However, its charitable activities center on:
- Direct assistance programs: Providing direct payments for shelter, utilities, medical assistance, and other necessary living expenses to needy individuals
- Housing assistance: Rent assistance programs serving residents in need
- Community facilities: Supporting the construction and operations of the Maxwell M Corpening Jr Memorial Center, which houses a YMCA facility
- Holiday giving: Providing Christmas gifts to low-income children through Project Christmas
Grantmaking
The foundation appears possibly open to applications based on its latest tax filings, though it operates with limited staffing.
Grant Range
$500
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Geographic Focus
Where this funder awards grants
The foundation's work is concentrated in McDowell County, North Carolina, with particular service to Marion and surrounding communities including Nebo and Old Fort.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $684,310
- Total revenues: $670,166
- Total expenses: $606,627
As of December 2023:
- Total assets: $620,538
- Total revenues: $666,767
- Total expenses: $638,081
The foundation ranks in the top 50% of foundations by asset size nationally (ranked #59,902 of 159,550).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $684,310 | $620,538 | $591,656 |
| Revenue | $670,166 | $666,767 | $767,264 |
| Expenses | $606,627 | $638,081 | $700,748 |
| Qualifying Distributions | $602,009 | $637,840 | $697,833 |
| Net Investment Income | $252 | $242 | $227 |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Belinda Swepson Young ($700), Adam Decker ($687), Betty Calvert Rose ($600).
| Recipient | Purpose | Amount |
|---|---|---|
| ADAM DECKER OLD FORT, NC | ELECTRIC BILL & FLOOD ASSISTANCE | $687 |
| ALAN WAYNE BURNETTE OLD FORT, NC | ELECTRIC BILL | $500 |
| ALEXANDRA DIANE BENNICK MARION, NC | HEATING FUEL/PROPANE/WOOD | $533 |
| ALEXANDRA SPEER WILLARD MARION, NC | RENT ASSISTANCE | $560 |
| ALEXANDRIA BARTLETT MARION, NC | ELECTRIC BILL | $500 |
| ALEXANDRIA LAUREN HANEY MARION, NC | WATER BILL | $330 |
| ALFRED RAY HURST MARION, NC | HEATING FUEL/PROPANE/WOOD | $520 |
| ALLICE HENSLEY SAWYER OLD FORT, NC | ELECTRIC BILL | $500 |
| ALMA OSBOME BOWMAN MARION, NC | WATER BILL | $309 |
| AMANDA AND BOBBY JOE TURNER MARION, NC | HOME REPAIRS | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation operates with volunteer leadership and minimal paid staff:
- Ricky Buchanan – Chairman (2 hours/week, no compensation)
- Rev Robert Warren – Vice Chairman (2 hours/week, no compensation)
- David Wooten – Secretary/Treasurer (2 hours/week, no compensation)
The foundation has no paid employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID WOOTEN | SECRETARY/TREASURER | 2 | — |
| RICKY BUCHANAN | CHAIRMAN | 2 | — |
| REV ROBERT WARREN | VICE CHAIRMAN | 2 | — |
Recent News & Activity
Recent developments and announcements
The Maxwell M Corpening Jr Memorial Center, which receives substantial support from the foundation, celebrated 15 years of operation. The center houses a YMCA facility that serves all residents of McDowell County and represents a significant ongoing charitable commitment by the foundation.
Plaque with Maxwell winners placed at Justice CenterFrequently Asked Questions
What does Maxwell Corpening Jr Memorial fund?
The foundation does not maintain a published mission statement. However, its charitable activities center on: • **Direct assistance programs**: Providing direct payments for shelter, utilities, medical assistance, and other necessary living expenses to needy individuals • **Housing assistance**: Rent assistance programs serving residents in need • **Community facilities**: Supporting the construction and operations of the Maxwell M Corpening Jr Memorial Center, which houses a YMCA facility • **…
How do I apply for a grant from Maxwell Corpening Jr Memorial?
**Grant Activity:** • Total giving (2024): $575,630 • Total giving (2023): $638,081 • Median grant size: $500 • Grant range: $150–$414,000 • Total grants awarded: 309 **Recent Major Grants:** • Maxwell M Corpening Jr Memorial Center (2024): $413,932 for YMCA construction and operations • Maxwell M Corpening Jr Memorial Center (2023): $444,139 • Project Christmas (2023): $4,000 for Christmas gifts to low-income children **Direct Assistance:** • 2024: Served 308 needy individuals through direct p…
Where does Maxwell Corpening Jr Memorial make grants?
The foundation's work is concentrated in **McDowell County, North Carolina**, with particular service to Marion and surrounding communities including Nebo and Old Fort.
What size grants does Maxwell Corpening Jr Memorial award?
In 2024, Maxwell Corpening Jr Memorial awarded 309 grants totaling $576K — an average of about $2K per grant, based on its IRS Form 990 filings.
What is Maxwell Corpening Jr Memorial's EIN?
Maxwell Corpening Jr Memorial's EIN (Employer Identification Number) is 23-7201488. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.