Maxwell Corpening Jr Memorial

MARION, NC EIN: 23-7201488

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

North Carolina $108K (100%)

States

North Carolina

Cities

CullowheeMarionMarlonNeboOld Fort

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).

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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 Center

Frequently 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.