NC State Investment Fund Inc
An individual recipient Investment Fund Inc is a Raleigh, an individual recipient, public charity that supports an individual recipient State University by operating an investment fund. The organization invests funds for the university’s Endowment Fund and other university-related entities.
NC State Investment Fund Inc at a glance
- Total assets
- $2,510,907,202
- +15.3% vs 2024
- Revenue (2025)
- $304,333,028
- +105.9% vs 2024
- Net investment income (2025)
- $111,533,185
- +17.8% vs 2024
- Expenses (2025)
- $95,312,089
- +17.0% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to NC State Investment Fund Inc
- Contact
Mailing address: Ncsu Box 7207, Raleigh, NC 27695-7207
Phone: (919) 513-7149
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who NC State Investment Fund Inc funds
How this funder distributes its grants
Grant Size Distribution
41 grants across all recorded years
The most common grant size was in the $1–5M range: 24 grants of 41 (59%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How NC State Investment Fund Inc gives
- Giving grew 33% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $50.6M (2019) to $73.6M (2024). In 2024 it made 10 grants totaling $73.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Endowment Fund of NC State University Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $23,526,490 |
| 3 individual scholarships Recipients not named | — | $26,650,253 |
| The North Carolina Agricultural Foundation Inc Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $6,625,200 |
| NC State Engineering Foundation Inc Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $5,871,871 |
| North Carolina Veterinary Medical Foundation Inc Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $3,275,966 |
| NC State Alumni Association Inc Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $2,868,200 |
| NC State Textile Foundation Inc Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $2,700,551 |
| NC State Natural Resources Foundation Inc Raleigh, NC | Scholarships, Faculty Support, Departmental Support and Facility Support | $2,081,805 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,510,907,202 | $304,333,028 | $95,312,089 | — | — | $111,533,185 |
| 2024 | $2,177,135,434 | $147,809,744 | $81,467,353 | $73,600,336 | 10 | $94,695,927 |
| 2023 | $1,982,712,995 | $192,914,509 | $79,542,174 | $72,362,520 | 10 | $92,004,749 |
| 2022 | $1,930,063,391 | $166,344,497 | $69,837,460 | $61,862,170 | 10 | $29,439,254 |
| 2021 | $1,829,305,242 | $187,846,779 | $61,282,182 | $55,162,446 | 11 | $34,346,449 |
| 2020 | $1,277,987,655 | $72,517,372 | $59,607,394 | $53,706,946 | 10 | $30,581,372 |
| 2019 | $1,262,554,074 | $60,750,072 | $55,494,685 | $50,639,306 | 10 | $24,862,072 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to support an individual recipient State University by operating an investment fund. Its program description says it invests funds of the university’s Endowment Fund and other university-related entities.
The fund’s 2024 filing says that amounts reported as support for participating organizations include withdrawals from the fund based on those organizations’ spending needs. Among the organizations that received funds in 2024, an individual recipient Engineering Foundation Inc describes its mission as promoting education, research, and extension in NC State’s College of Engineering. NC State Natural Resources Foundation describes its mission as promoting education and research in the College of Natural Resources and supporting education, research, and extension there.
Grantmaking
The IRS filing reports 10 grants totaling $73,600,336 in 2024, an average of about $7.36 million per grant. In 2023, it reports 10 grants totaling $72,362,520, an average of about $7.24 million per grant. The filing explains that reported support for participating organizations includes withdrawals based on spending needs; these amounts should not be read as evidence of an outside-applicant grant program.
Named 2024 recipients include an individual recipient Engineering Foundation Inc, which received $5,871,871, and an individual recipient Natural Resources Foundation, which received $2,081,805.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists W Randolph Woodson as chancellor; Brian Sischo as vice chancellor; Charles Maimone as treasurer; Dana Harris as assistant treasurer; Erin Delehanty as secretary; Derick Close as chair; and Frank Buckless, Mike Lawrence, Hans Warren, and Christine Holmes as directors.
The fund’s website says the Members Board provides governance and oversight, including approval of governance documents and policies, and elects the Investment Committee. The Investment Committee sets asset-allocation policies, approves investment-manager selection, and recommends changes to the Investment Policy Statement. Day-to-day investment decisions are delegated to NC State University’s chief investment officer.
NC State Investment Fund Inc is led by Derick Close, Chair since 2025 (on filings since 2024); none of the 18 officers listed in 2025 report compensation.
Officers on the 2025 filing
Derick Close
Chair
Mb Chair → Chair, 2025
On filings since 2024
1 hr/week
No compensation reported
Bill Trent
Director
On filings since 2019
1 hr/week
No compensation reported
Blas Arroyo
Director
On filings since 2019
1 hr/week
No compensation reported
Paula Woodall
Director
On filings since 2019
1 hr/week
No compensation reported
Christine Holmes
Director
On filings since 2021
1 hr/week
No compensation reported
Frank Buckless
Director
On filings since 2021
1 hr/week
No compensation reported
Mike Lawrence
Director
On filings since 2022
1 hr/week
No compensation reported
Wes Covell
Director
On filings since 2022
1 hr/week
No compensation reported
Hans Warren
Director
On filings since 2023
1 hr/week
No compensation reported
Andrea Duhon
Director
New on the 2025 filing
1 hr/week
No compensation reported
Charles Collins
Director
New on the 2025 filing
1 hr/week
No compensation reported
Elizabeth Cooley
Director
New on the 2025 filing
1 hr/week
No compensation reported
Nancy Webster
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Sischo
Vice Chancellor
On filings since 2019
1 hr/week
No compensation reported
W. Randolph Woodson
Chancellor
On filings since 2019
1 hr/week
No compensation reported
Charles Maimone
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Erin Delehanty
Secretary
On filings since 2022
1 hr/week
No compensation reported
Dana Harris
Assistant Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (26)
- Former: Alex Wallace (2024) — Chair
- Former: Craig Demko (2024) — Director
- Former: Jeff Brock (2024) — Vice Chair
- Former: Jeff Smith (2024) — Director
- Former: Nan Strader (2024) — Director
- Former: Randy Dishmon (2024) — Director
- Former: Robert Nelson (2024) — Director
- Former: Robert Newell (2024) — Director
- Former: Ty Huggins (2024) — Director
- Former: Bill Thompson (2019–2023) — Director
- Former: Mary Peloquin-Dodd (2019–2023) — Former Assistant Treasurer
- Former: Clyde Phillip (2022–2023) — Director
- Former: Edward Weisiger (2022–2023) — Chair
- Former: Brendan Sullivan (2023) — Director
- Former: Ryan Dejong (2023) — Director
- Former: Ryan Hester (2021–2022) — Director
- Former: Art Raymond (2019–2021) — Director
- Former: Elizabeth P. George (2019–2021) — Secretary
- Former: Gayle Lanier (2019–2021) — Director
- Former: Larry Sykes (2019–2021) — Director
- Former: Scott Stabler (2019–2021) — Director
- Former: Robert F. Andrews III (2020–2021) — Chair
- Former: Edward Wetherill (2021) — Director
- Former: Mike Constantino (2019–2020) — Director
- Former: Ben Kinney (2020) — Director
- Former: Ed Stack (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "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 NC State Investment Fund Inc
How large is NC State Investment Fund Inc?
NC State Investment Fund Inc reported $2.5B in total assets on its 2025 IRS Form 990. Its revenue that year was $304.3M.
What does NC State Investment Fund Inc fund?
The organization’s stated mission is to support an individual recipient State University by operating an investment fund. Its program description says it invests funds of the university’s Endowment Fund and other university-related entities. See mission & focus areas ↑
How do I apply for a grant from NC State Investment Fund Inc?
NC State Investment Fund Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is NC State Investment Fund Inc's EIN?
NC State Investment Fund Inc's EIN (Employer Identification Number) is 31-1607634. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS January 20, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 18, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS December 14, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 2, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2024)
- IRS filings on file for fiscal years 2019–2025
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NC State Investment Fund Inc down — hundreds of funders to go?