McLeod Foundation
McLeod Foundation is a private foundation based in Clayton, North Carolina. Its 2025 filing reports 13 grants totaling $260,000 to charitable organizations in North Carolina and Virginia.
McLeod Foundation at a glance
In short: McLeod Foundation gave $260K across 13 grants in 2025 (avg $20K), mostly in North Carolina. 8% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $260,000
- -11.6% vs 2024
- Grants made (2025)
- 13
- +0.0% vs 2024
- Average grant
- $20,000
- -11.6% vs 2024
- Median grant
- $10,000
- Total assets
- $2,350,836
- +47.1% vs 2024
- New grantees (estimate)
- 8% first-time grantees (1 of 13, 2025; small sample)
- Primary geography
- North Carolina (69% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to McLeod Foundation
- 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: PO Box 1313, Clayton, NC 27528
Phone: (919) 669-7542
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who McLeod Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Blue Ridge School ($80K). Together the top 10 received $255K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 67 grants of 74 (91%).
Geographic Focus
Where this funder awards grants
The 2025 filing shows that 69% of grant dollars went to recipients in North Carolina and 31% to recipients in Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Is McLeod Foundation open to new grantees?
8%
first-time grantees, 2025
In 2025, 1 of 13 grantees (8%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $20K; repeat grants $20K. How we count
Medians: $20K first-time, $8K repeat.
- 77% of 2025 grantees were also funded in 2024. Method
- Giving grew 29% from 2022 to 2025. Method
- In 2025 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $136K (2020) to $294K (2024). In 2025 it made 13 grants totaling $260K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blue Ridge School St George, VA | To Support the Charitable Purpose | $80,000 |
| Fuquay Varina UMC Fuquay-Varina, NC | To Support the Charitable Purpose | $50,000 |
| First Baptist Church Clayton Clayton, NC | To Support the Charitable Purpose | $35,000 |
| Campbell University Buies Creek, NC | To Support the Charitable Purpose | $30,000 |
| UNC Health Foundation Chapel Hill, NC | To Support the Charitable Purpose | $20,000 |
| YMCA of the Triangle Area Inc Raleigh, NC | To Support the Charitable Purpose | $18,500 |
| Appalachian Trail Conservancy Asheville, NC | To Support the Charitable Purpose | $10,000 |
| Clayton Area Ministries Clayton, NC | To Support the Charitable Purpose | $5,000 |
| Johnston Health Foundation Smithfield, NC | To Support the Charitable Purpose | $4,000 |
| Ichoose Pregnancy Support Services Clayton, NC | To Support the Charitable Purpose | $2,500 |
Ready to take the next step with McLeod Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,350,836 | $2,631,031 | $288,298 | $260,000 | 13 | $265,155 | $82,155 | $327,968 |
| 2024 | $1,597,814 | $-1,092,890 | $318,694 | $294,000 | 13 | $298,879 | $49,652 | $304,199 |
| 2023 | $1,206,805 | $38,318 | $261,420 | $240,000 | 16 | $244,215 | $39,126 | $251,639 |
| 2022 | $1,429,907 | $123,142 | $203,420 | $202,000 | 15 | $202,000 | $72,594 | $240,002 |
| 2021 | $1,510,185 | $42,982 | $161,024 | $157,000 | 17 | $157,000 | $42,982 | $201,779 |
| 2020 | $1,628,227 | $40,851 | $148,788 | $136,000 | 17 | — | $31,808 | $156,843 |
Under IRS private-foundation payout rules, McLeod Foundation reported a distributable amount of $328K for 2025 — 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 2025 grantees include a university, health-related organizations, churches, a YMCA, a food pantry, and organizations serving other charitable purposes. These examples describe the recipients, not stated focus areas of the foundation. Campbell University describes its mission as preparing students for purposeful lives and meaningful service; UNC Health Foundation says it inspires philanthropic support for healthcare and medical education; Clayton Area Ministries says it assists people in need with food, utilities, medicines, and other needs; and Harbor says it provides help, hope, and safety to victims of domestic violence and sexual assault.
Grantmaking
In 2025, the foundation reported 13 grants totaling $260,000. Grant amounts ranged from $500 to $80,000, with a median of $10,000. The filing lists the purpose of the grants as “to support the charitable purpose.”
Among the largest reported awards were $80,000 to Blue Ridge School, $50,000 to Fuquay Varina UMC, $35,000 to First Baptist Church Clayton, $30,000 to Campbell University, and $20,000 to UNC Health Foundation. Other listed recipients included YMCA of the Triangle Area ($18,500), Appalachian Trail Conservancy ($10,000), Clayton Area Ministries ($5,000), Johnston Health Foundation ($4,000), IChoose Pregnancy Support Services ($2,500), Harbor Inc ($2,500), and Wake Forest University ($2,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bernard F McLeod III as president and W Stewart McLeod as “V/P - TREASU.”
McLeod Foundation is led by Bernard F. McLeod III, President since 2024 (on filings since 2020); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bernard F. McLeod III
President
Vice President → President, 2024
On filings since 2020
No compensation reported
W. Stewart McLeod
V & P - Treasurer
Treasurer → V & P - Treasurer, 2024
On filings since 2020
No compensation reported
Former officers (1)
- Former: Bernard F. McLeod Jr. (2020–2023) — President
Data from IRS Form 990 filings, 2020–2025. "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 McLeod Foundation
How much does McLeod Foundation give each year?
McLeod Foundation gave $260K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $294K across 13 grants.
What is McLeod Foundation's typical grant size?
McLeod Foundation's median grant in 2025 was $10,000, and its average grant was $20,000, across 13 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from McLeod Foundation that year got $20K on average.
Where does McLeod Foundation give grants?
McLeod Foundation gives mostly in North Carolina: 69% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Virginia (31%). The most frequent recipient cities were Clayton, NC (3 grants), Raleigh, NC (2 grants) and Smithfield, NC (2 grants).
Who are McLeod Foundation's largest grantees?
McLeod Foundation's largest 2025 grantees include Blue Ridge School ($80,000), Fuquay Varina UMC ($50,000) and First Baptist Church Clayton ($35,000), according to its 2025 IRS Form 990-PF. Together they received 63% of its itemized 2025 grant dollars.
How large is McLeod Foundation?
McLeod Foundation reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $265K in qualifying distributions that year, against a required minimum of $328K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does McLeod Foundation fund?
No mission statement for the foundation is provided. Its 2025 grantees include a university, health-related organizations, churches, a YMCA, a food pantry, and organizations serving other charitable purposes. These examples describe the recipients, not stated focus areas of the foundation. See mission & focus areas ↑
How do I apply for a grant from McLeod Foundation?
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 McLeod Foundation's EIN?
McLeod Foundation's EIN (Employer Identification Number) is 20-8042018. IRS Form 990 filing data is available on this page for 2020–2025.
Does McLeod Foundation 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 2, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
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Cite this profile
Grantable. (2026). McLeod Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/mcleod-foundation-morg_1dd6f75ce5014e759d865339befffdee
BibTeX
@misc{grantable_208042018_2026,
author = {{Grantable}},
title = {{McLeod Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mcleod-foundation-morg_1dd6f75ce5014e759d865339befffdee},
note = {Accessed 2026-10-14. 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 McLeod Foundation'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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