Milliken & Company Charitable Foundation
The Milliken & Company Charitable Foundation is a corporate foundation based in Spartanburg, South Carolina. Established as a 501(c)(3) tax-exempt organization, the foundation received its IRS ruling in April 2021. The foundation operates as a grantmaking organization dedicated to supporting nonprofits and community initiatives in areas where Milliken & Company associates live and work.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.4M
+18.0% YoY
Annual Giving
$2.2M
+1.2% YoY
Grant Count
141
+74.1% YoY
Avg Grant Size
$16K
-41.9% YoY
Under IRS private-foundation payout rules, Milliken & Company Charitable Foundation reported a distributable amount of $535K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is committed to supporting organizations that enrich local communities. The foundation's grantmaking is guided by four core giving pillars that determine mission alignment:
- Inspired Solutions
- Together We Strive
- Healthy Tomorrow
- Leading With Purpose
Beyond community grants, the foundation's core programs include:
- Associate gift match initiative
- Impact gifts to support long-term projects
- Dependent scholarships for children of full-time associates
- Disaster relief
The foundation also maintains a STEM scholarship program benefiting historically Black colleges and universities (HBCUs).
Grantmaking
The foundation awarded grants to 45 organizations totaling more than $800,000 in 2024. The foundation received 89 applications during this cycle.
How to Apply
**
Ready to take the next step with Milliken & Company Charitable Foundation?
Geographic Focus
Where this funder awards grants
The foundation prioritizes funding organizations that serve communities where Milliken & Company associates live and work, with particular emphasis on the Spartanburg, South Carolina area and surrounding regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $11.3 million
- Annual Revenue: $5.27 million
- Annual Expenses: $2.34 million
- Total Liabilities: $0
Earlier Reporting:
- Total Assets: $13.4 million
- Annual Income: $10.5 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,375,075 | $11,330,669 | $8,394,574 |
| Revenue | $7,012,892 | $5,271,853 | $1,073,699 |
| Expenses | $2,360,805 | $2,335,758 | $1,519,275 |
| Qualifying Distributions | $2,308,735 | $2,295,202 | $1,479,715 |
| Net Investment Income | $2,581,334 | $260,506 | $241,760 |
| Distributable Amount | $535,382 | $445,865 | $401,398 |
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
200 grants across all recorded years
Open Grants
2 open opportunities from Milliken & Company Charitable Foundation
Milliken & Company Charitable Foundation Grant: Associate Gift Match
MILLIKEN & COMPANY CHARITABLE FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Milliken & Company Charitable Foundation Grant: Disaster Relief / Emergency Funds
MILLIKEN & COMPANY CHARITABLE FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Converse University Milliken Center for the Arts ($500,000), Chapman Cultural Center Inc ($80,100), Friends of the Spartanburg County Library Inc ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 864PRIDE GREENVILLE, SC | GENERAL OPERATING SUPPORT | $10,000 |
| ALIANZA HISPANA-HISPANIC ALLIANCE GREENVILLE, SC | GENERAL OPERATING SUPPORT | $500 |
| ALK POSITIVE INCORPORATED ATLANTA, GA | GENERAL OPERATING SUPPORT | $514 |
| AMERICAN CANCER SOCIETY-NORTH CAROLINA CHARLOTTE, NC | GENERAL OPERATING SUPPORT | $100 |
| AMERICAN CANCER SOCIETY-SOUTH CAROLINA KENNESAW, GA | GENERAL OPERATING SUPPORT | $10,103 |
| AMERICAN HEART ASSOCIATION INC DALLAS, TX | GENERAL OPERATING SUPPORT | $7,880 |
| AMERICAN NATIONAL RED CROSS MEDFORD, MA | GENERAL OPERATING SUPPORT | $10,000 |
| AMERICAN RED CROSS RARITAN VALLEY CHAPTER FAIRFIELD, NJ | GENERAL OPERATING SUPPORT | $514 |
| ANDERSON UNIVERSITY ANDERSON, SC | GENERAL OPERATING SUPPORT | $250 |
| ANGELS BASEBALL INC WOODRUFF, SC | GENERAL OPERATING SUPPORT | $514 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Halsey Cook — President and CEO of Milliken & Company and Chair of the Milliken & Company Charitable Foundation
- Danna Vetter — Senior Vice President and Chief Marketing Officer at Milliken & Company, and Milliken Charitable Foundation Board Member
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HALSEY COOK JR | PRESIDENT/DIRECTOR | 0.04 | — |
| J RANDOLPH RICHESON | VICE PRESIDENT | 0.04 | — |
| DAVID SMART | VICE PRESIDENT/DIRECTOR | 0.06 | — |
| MARK ALLEN | TREASURER (THRU 12/2023) | — | — |
| ZACH RUBIN | TREASURER (AS OF 12/2023) | 0.04 | — |
| NATALIE DUNHAM | SECRETARY | 0.04 | — |
| KASEL KNIGHT | DIRECTOR | 0.06 | — |
| BETHANY SMITH | DIRECTOR (AS OF 12/2023) | 0.06 | — |
| DANNA VETTER | DIRECTOR | 0.06 | — |
Recent News & Activity
Recent developments and announcements
In August 2024, the foundation announced its 2024 community grant recipients, awarding more than $800,000 to 45 organizations. The foundation continues to renew its STEM scholarship program benefiting five historically Black colleges and universities within South Carolina.
Milliken & Company Charitable Foundation Announces ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Milliken & Company Charitable Foundation fund?
The foundation is committed to supporting organizations that enrich local communities. The foundation's grantmaking is guided by four core giving pillars that determine mission alignment: • **Inspired Solutions** • **Together We Strive** • **Healthy Tomorrow** • **Leading With Purpose** Beyond community grants, the foundation's core programs include: • Associate gift match initiative • Impact gifts to support long-term projects • Dependent scholarships for children of full-time associates • Dis…
How do I apply for a grant from Milliken & Company Charitable Foundation?
**2024 Grant Activity:** The foundation awarded grants to 45 organizations totaling more than $800,000 in 2024. The foundation received 89 applications during this cycle. **Application Process:** Community grant applications are reviewed annually between November 1 and January 31. The review process is described as rigorous and relies on alignment with the foundation's four giving pillars. **Recent Grant Recipients (2024):** Among organizations receiving grants in 2024 were: • PAL: Play. Advoca…
Where does Milliken & Company Charitable Foundation make grants?
The foundation prioritizes funding organizations that serve communities where Milliken & Company associates live and work, with particular emphasis on the Spartanburg, South Carolina area and surrounding regions.
What size grants does Milliken & Company Charitable Foundation award?
In 2024, Milliken & Company Charitable Foundation awarded 141 grants totaling $2.2M — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Milliken & Company Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Milliken & Company Charitable Foundation reported a distributable amount of $535K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Milliken & Company Charitable Foundation's EIN?
Milliken & Company Charitable Foundation's EIN (Employer Identification Number) is 85-3211603. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Milliken & Company Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.