Maynard Family Foundation

RALEIGH, NC EIN: 56-1768062

The Maynard Family Foundation is a private foundation based in Raleigh, North Carolina, established in 1992. Operating under the legal name Investors Management Corporation, it holds 501(c)(3) tax-exempt status since May 1993. The foundation functions as a grantmaking organization supporting various charitable causes through direct grants to nonprofit organizations.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$17.6M

+1.0% YoY

Annual Giving

$219K

-80.0% YoY

Grant Count

-35.3% YoY

Avg Grant Size

$20K

-69.1% YoY

Under IRS private-foundation payout rules, Maynard Family Foundation reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

The foundation's primary funding interests include:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Support for victims of domestic abuse
Children's health and welfare initiatives

The foundation also maintains the William Quinton Maynard Fellowship Fund as a named program area.

Grantmaking

The foundation provides support through general support and general program support mechanisms.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in North Carolina and Georgia.

Grant Distribution by State

North Carolina $9.3M (66%)

Texas $4.0M (28%)

Virginia $525K (4%)

Georgia $241K (2%)

District of Columbia $100K (1%)

California $10K (0%)

Massachusetts $5K (0%)

Mississippi $5K (0%)

+2 more states

States

California District of Columbia Georgia Massachusetts Maryland Mississippi North Carolina Oklahoma Texas Virginia

Cities

ApexAtlantaBeaufortBostonCaryChapel HillFlowoodGreenvilleHagerstownHoustonIrvineJacksonvilleMarshallMorehead CityNewportRaleighRichmondTulsaWashingtonWinston Salem

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $17,625,680
Total Revenue: $514,252
Total Expenses: $341,883
Net Income: $172,369
Total Liabilities: $0
Number of Employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$17,625,680	$17,453,311	$16,349,528
Revenue	$514,252	$2,249,840	$3,533,102
Expenses	$341,883	$1,158,365	$2,361,725
Qualifying Distributions	$220,959	$1,097,888	$2,292,151
Net Investment Income	$393,328	$2,189,363	$363,528
Distributable Amount	$1,344,495	$1,101,920	$1,110,245

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

103 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ecu Health Foundation ($100,000), Public Ed Works ($25,000), Wake Forest University ($25,000).

Recipient	Purpose	Amount
BEACON OF HOPE MARSHALL, NC	SUPPORT HURRICANE HELENE VICTIMS	$6,000
CAMP CORRAL RALEIGH, NC	PROVIDE MEANINGFUL CAMP EXPERIENCES FOR MILITARY CHILDREN	$3,000
CROSBY SCHOLARS COMMUNITY PARTNERSHIP WINSTONSALEM, NC	ASSIST HIGH SCHOOL STUDENTS IN PREPARING THEMSELVES FOR SUCCESSFUL COLLEGE ENROLLMENT	$5,000
ECU HEALTH FOUNDATION GREENVILLE, NC	SUPPORT SICK AND INJURED CHILDREN FOR CHILDREN'S MIRACLE NETWORK	$100,000
INTERACT RALEIGH, NC	SUPPPORT VICTIMS OF DOMESTIC ABUSE	$5,000
PUBLIC ED WORKS RALEIGH, NC	EDUCATE STATE RESIDENTS ABOUT THE PUBLIC EDUCATION SYSTEM IN NC	$25,000
RON CLARK ACADEMY INC ATLANTA, GA	DELIVER THE HIGHEST QUALITY OF EDUCATIONAL EXPERIENCE	$18,000
SPCA OF WAKE COUNTY RALEIGH, NC	GENERAL PROGRAM SUPPORT	$20,000
ST PAUL'S EPISCOPAL CHURCH CARY, NC	ST. PAUL'S CARES PROGRAM	$7,000
WAKE FOREST UNIVERSITY WINSTONSALEM, NC	GENERAL SUPPORT	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES H MAYNARD	MEMBER, DIRECTOR	1	—
CONNIE M MAYNARD	MEMBER, DIRECTOR	1	—
EASTER A MAYNARD	DIRECTOR	1	—
RONALD M BARBEE	SECRETARY, TREASURER	3	—

Contact Information

Address: 801 N West Street, Raleigh, NC 27603-1137

Phone: 919-881-4617

EIN: 56-1768062

Frequently Asked Questions

What does Maynard Family Foundation fund?

The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Support for victims of domestic abuse • Children's health and welfare initiatives The foundation also maintains the William Quinton Maynard Fellowship Fund as a named program area.

How do I apply for a grant from Maynard Family Foundation?

**Grant Activity:** • Total giving in 2024: $219,000 • Typical award range: $11 to $1,000,000 • Made 21 grants in the most recent reporting year **Recent Grants (2024):** • ECU Health Foundation: $100,000 (Support Sick and Injured Children for Children's Miracle Network) • SPCA of Wake County: $20,000 (General Program Support) • Ron Clark Academy: $18,000 (Deliver the Highest Quality of Educational Experience) The foundation provides support through general support and general program support m…

Where does Maynard Family Foundation make grants?

The foundation primarily funds organizations in North Carolina and Georgia.

What size grants does Maynard Family Foundation award?

In 2024, Maynard Family Foundation awarded 11 grants totaling $219K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is Maynard Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Maynard Family Foundation reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.