Mims Charitable Foundation Trust

CHAPEL HILL, NC EIN: 56-6207750

Mims Charitable Foundation Trust is a private foundation, based in CHAPEL HILL, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 6 grants totaling $53K. Net investment income was $79K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+1.1% YoY

Annual Giving

$53K

+32.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$9K

-56.0% YoY

Under IRS private-foundation payout rules, Mims Charitable Foundation Trust reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.

About Mims Charitable Foundation Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $290K (98%)

Virginia $5K (2%)

States

North Carolina Virginia

Cities

GreenvilleMontreatRaleighRocky MountTriangleWhitakers

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,005,286	$993,966	$1,025,187
Revenue	$97,976	$40,073	$1,243
Expenses	$86,790	$72,778	$109,837
Qualifying Distributions	$67,756	$55,074	$90,275
Net Investment Income	$78,942	$22,369	$3,496
Distributable Amount	$61,322	$56,447	$62,939

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

23 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Veterans Home Co Christian Fellowship Home of Nash-edgecombe Counties ($20,983), Peacemakers ($15,000), Toys for Tots Foundation ($5,000).

Recipient	Purpose	Amount
THE VETERANS HOME CO CHRISTIAN FELLOWSHIP HOME OF NASH-EDGECOMBE COUNTIES ROCKY MOUNT, NC	TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION.	$20,983
PEACEMAKERS ROCKY MOUNT, NC	TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION.	$15,000
ROCKY MOUNT FAMILY YMCA ROCKY MOUNT, NC	SWIM TEAM BOARD	$1,810
TOYS FOR TOTS FOUNDATION TRIANGLE, VA	TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION.	$5,000
MONTREAT CONFERENCE CENTER MONTREAT, NC	TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION.	$5,000
COMMUNITY HOSPICE FOUNDATION ROCKY MOUNT, NC	TO SUPPORT CHARITABLE PURPOSE OF ORGANIZATION.	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FRANKLIN STREET TRUST COMPANY	TRUSTEE	1	$15,611
THOMAS A BETTS	DIRECTOR	1	$3,500
WILLIAM R JOHNSTON JR	DIRECTOR	1	$3,500
RANDALL R ADAMS	DIRECTOR	1	$3,500
WILLIAM R JOHNSTON III	DIRECTOR	1	$3,500

Frequently Asked Questions

How large is Mims Charitable Foundation Trust?

As of 2024, Mims Charitable Foundation Trust holds $1.0M in total assets with $98K in annual revenue. It awarded 6 grants totaling $53K in 2024.

Where does Mims Charitable Foundation Trust operate?

Mims Charitable Foundation Trust has awarded grants in North Carolina, Virginia.

What size grants does Mims Charitable Foundation Trust award?

In 2024, Mims Charitable Foundation Trust awarded 6 grants totaling $53K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Mims Charitable Foundation Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mims Charitable Foundation Trust reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mims Charitable Foundation Trust's EIN?

Mims Charitable Foundation Trust's EIN (Employer Identification Number) is 56-6207750. IRS Form 990 filing data is available on this page for 2020–2024.