Mike & Carolyn Jones Foundation

Foundation · Grantmaker TABOR CITY, NC EIN: 20-1997491

Mike & Carolyn Jones Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TABOR CITY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 44 grants totaling $72K. Net investment income was $47K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

+37.6% YoY

Annual Giving

$72K

+25.5% YoY

Grant Count

+46.7% YoY

Avg Grant Size

$2K

-14.4% YoY

Under IRS private-foundation payout rules, Mike & Carolyn Jones Foundation reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.

About Mike & Carolyn Jones Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $151K (65%)

North Carolina $71K (31%)

Ohio $3K (1%)

Arizona $3K (1%)

Pennsylvania $1K (1%)

Colorado $650 (0%)

Texas $500 (0%)

States

Arizona Colorado North Carolina Ohio Pennsylvania South Carolina Texas

Cities

AlcoluAllentownBeltonBooneBurlingtonChapel HillCincinnatiClemsonColorado SpringsConwayEvergreenGarden ValleyHuntersvilleLake WaccamawLongsLorisMyrtle BeachNorth Myrtle BeachPawleys IslandPeoria

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,893,576	$1,376,228	$1,322,585
Revenue	$592,114	$114,935	$439,222
Expenses	$74,766	$61,292	$45,855
Qualifying Distributions	$72,350	$57,640	$42,100
Net Investment Income	$47,488	$37,019	$137,344
Distributable Amount	$82,892	$72,170	$57,678

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

144 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include First Presbyterian Church ($16,000), Meredith College ($8,000), Samaritan's Purse ($6,000).

Recipient	Purpose	Amount
BOYS AND GIRLS HOMES OF NC LAKE WACCAMAW, NC	TO SUPPORT THE NEEDS OF VULNERABLE CHILDREN BY ADDRESSING THEIR PHYSICAL, EMOTIONAL, SOCIAL, EDUCATIONAL, AND SPIRITUAL NEEDS.	$1,000
BROOKGREEN GARDENS PAWLEYS ISLAND, SC	PRESERVATION OF SOUTH CAROLINA'S NATIVE FLORA AND FAUNA & DISPLAY/PRESERVATION OF GARDEN SCULPTURES	$5,000
CAMPUS OUTREACH - MEISENHEIMERS CLEMSON, SC	TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION	$800
COASTAL CAROLINA UNIVERSITY RESEARCH FOUNDATION CONWAY, SC	TO SUPPORT COASTAL CAROLINA UNIVERSITY	$3,100
COLUMBUS JOBS FOUNDATION WHITEVILLE, NC	TO FUND EVERYDAY ACTIVITIES PROMOTING JOB GROWTH AND CREATION IN COLUMBUS COUNTY.	$5,000
FELLOWSHIP OF CHRISTIAN ATHLETES MYRTLE BEACH, SC	PROVIDING CHRISTIAN MINISTRY SERVICES TO ATHLETES AND COACHES	$500
FIRST PRESBYTERIAN CHURCH MYRTLE BEACH, SC	PROVIDE CHRISTIAN MINISTRY & SUPPORT SERVICES AT THE LOCAL AND GLOBAL LEVELS	$16,000
FREEDOM READERS INC SURFSIDE BEACH, SC	TO SUPPORT LITERACY OF CHILDREN.	$500
GLOBAL TRAINING NETWORK PEORIA, AZ	TO FUND EVERYDAY ACTIVITIES TRAINING PASTORS AROUND THE WORLD.	$1,000
LIFELINE CHILDREN'S SERVICES MYRTLE BEACH, SC	TO SUPPORT SERIVCES THAT EQUIP THE BODY OF CHRIST TO MANIFEST THE GOSPEL TO VULNERABLE CHILDREN.	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL K JONES	CHAIRMAN, TREASURER	3	—
CAROLYN N JONES	VICE-CHAIRMAN, SECRETARY	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mike & Carolyn Jones Foundation?

Mike & Carolyn Jones Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TABOR CITY, NC. It holds $1.9M in total assets as of 2024.

How large is Mike & Carolyn Jones Foundation?

As of 2024, Mike & Carolyn Jones Foundation holds $1.9M in total assets with $592K in annual revenue. It awarded 44 grants totaling $72K in 2024.

Where does Mike & Carolyn Jones Foundation operate?

Mike & Carolyn Jones Foundation has awarded grants in Arizona, Colorado, North Carolina, Ohio, Pennsylvania, South Carolina, Texas.

What size grants does Mike & Carolyn Jones Foundation award?

In 2024, Mike & Carolyn Jones Foundation awarded 44 grants totaling $72K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Mike & Carolyn Jones Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mike & Carolyn Jones Foundation reported a distributable amount of $83K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mike & Carolyn Jones Foundation's EIN?

Mike & Carolyn Jones Foundation's EIN (Employer Identification Number) is 20-1997491. IRS Form 990 filing data is available on this page for 2020–2024.