Meg Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 13 grants totaling $76K. Net investment income was $164K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+14.9% YoY
Annual Giving
$76K
+19.8% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$6K
+19.8% YoY
Under IRS private-foundation payout rules, Meg Foundation Inc reported a distributable amount of $74K for 2024 — the minimum it must pay out in qualifying distributions.
About Meg Foundation Inc
Based on IRS filings
Meg Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 13 grants totaling $76K. Net investment income was $164K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,640,077 | $1,427,380 | $1,283,300 |
| Revenue | $322,367 | $146,594 | $79,375 |
| Expenses | $87,148 | $73,242 | $76,751 |
| Qualifying Distributions | $80,754 | $68,338 | $69,108 |
| Net Investment Income | $163,665 | $49,518 | $17,343 |
| Distributable Amount | $74,361 | $65,796 | $65,401 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Inter-faith Food Shuttle ($10,000), Planned Parenthood South Atlantic ($10,000), St Paul Ame Church ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL SUPPORT | $7,500 |
| ASPCA WASHINGTON, DC | GENERAL SUPPORT | $2,000 |
| ELON UNIVERSITY ELON, NC | GENERAL SUPPORT | $2,500 |
| FIGS OF WAKE COUNTY RALEIGH, NC | GENERAL SUPPORT | $7,500 |
| FOOD BANK OF CENTRAL AND EASTERN NC RALEIGH, NC | GENERAL SUPPORT | $7,500 |
| HABITAT FOR HUMANITY AMERICUS, GA | GENERAL SUPPORT | $2,500 |
| INTER-FAITH FOOD SHUTTLE RALEIGH, NC | GENERAL SUPPORT | $10,000 |
| PENLAND SCHOOL OF CRAFTS PENLAND, NC | GENERAL SUPPORT | $3,000 |
| PLANNED PARENTHOOD SOUTH ATLANTIC RALEIGH, NC | GENERAL SUPPORT | $10,000 |
| SPCA WAKE COUNTY RALEIGH, NC | GENERAL SUPPORT | $7,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| M ELIZABETH GANT | PRES/TREAS | — | — |
| GRAYSON E G HAMPSON | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Meg Foundation Inc?
Meg Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $1.6M in total assets as of 2024.
How large is Meg Foundation Inc?
As of 2024, Meg Foundation Inc holds $1.6M in total assets with $322K in annual revenue. It awarded 13 grants totaling $76K in 2024.
Where does Meg Foundation Inc operate?
Meg Foundation Inc has awarded grants in District of Columbia, Georgia, North Carolina, New York, Virginia.
What size grants does Meg Foundation Inc award?
In 2024, Meg Foundation Inc awarded 13 grants totaling $76K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Meg Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Meg Foundation Inc reported a distributable amount of $74K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Meg Foundation Inc's EIN?
Meg Foundation Inc's EIN (Employer Identification Number) is 56-2130580. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Meg Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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