Neal Kay Foundation Charitable Tr
Neal Kay Foundation Charitable Tr is a private foundation based in Chapel Hill, North Carolina. It made 10 grants totaling $11,031 in 2024, supporting organizations and causes including food assistance, shelter, education, and public radio.
Neal Kay Foundation Charitable Tr at a glance
In short: Neal Kay Foundation Charitable Tr gave $11K across 10 grants in 2024 (avg $1K), mostly in North Carolina. 70% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,031
- +167.4% vs 2023
- Grants made (2024)
- 10
- +150.0% vs 2023
- Average grant
- $1,103
- +7.0% vs 2023
- Median grant
- $555
- Total assets
- $231,567
- +19.3% vs 2023
- New grantees (estimate)
- 70% first-time grantees (7 of 10, 2024; small sample)
- Primary geography
- North Carolina (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Neal Kay Foundation Charitable Tr
- How to Apply
-
The filing says to contact Neal Kay in writing with the amount requested and the purpose. It lists no restrictions on awards and states that the foundation does not restrict giving to preselected organizations.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: Neal Kay
Mailing address: 514 W Barbee Chapel Rd, Chapel Hill, NC 27517
Phone: (305) 778-7905
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Neal Kay Foundation Charitable Tr funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was TABLE Ministries Inc ($3K). Together the top 10 received $11K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that 75% of grant dollars went to recipients in North Carolina, 25% to recipients in California, and 1% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Neal Kay Foundation Charitable Tr open to new grantees?
70%
first-time grantees, 2024
In 2024, 7 of 10 grantees (70%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $1K; repeat grants $1K. How we count
Medians: $110 first-time, $1K repeat.
- 10% of 2024 grantees were also funded in 2023. Method
- Giving grew 205% from 2021 to 2024. Method
- In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4K (2021) to $20K (2020). In 2024 it made 10 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| TABLE Ministries Inc Carrboro, NC | 501c3 - Operating expense Human services Food & nutrition: free food distribution for school-age children in Orange County- | $3,000 |
| GoFundMe org Redwood City, CA | Dr Kamran Khan - medical expenses | $2,600 |
| Food Bank of Central & Eastern North Carolina Inc Raleigh, NC | Donation to feed hungry people 501c3 | $2,030 |
| Catholic Charities of the Diocese of Raleigh Inc Raleigh, NC | Operating expenses | $2,000 |
| Urban Ministries of Durham Durham, NC | 501c3 Food & Shelter for homeless | $1,000 |
| Khan Academy Mountain View, CA | Educational 501c3 | $110 |
| WCPE Wake Forest, NC | Operating expenses | $100 |
| Davidson CollegeWDAV 899 Classical Public Radio Davidson, NC | Operating Expense WDAV public radio station | $100 |
| WQXR New York, NY | Operating expenses for 501c3 | $86 |
| Wikimedia Foundation Inc San Francisco, CA | Operating expense online data service 501c3 | $5 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $231,567 | $1,635 | $11,479 | $11,031 | 10 | $11,131 | — | $10,307 |
| 2023 | $194,024 | $6,610 | $5,914 | $4,125 | 4 | $4,764 | $4,398 | $1,304 |
| 2022 | $138,551 | $1,127 | $5,874 | $4,125 | 6 | $4,125 | — | $8,911 |
| 2021 | $209,305 | $26,486 | $3,720 | $3,620 | 4 | $3,620 | $26,486 | $291 |
| 2020 | $173,693 | $5,574 | $20,561 | $19,930 | 6 | — | $518 | $7,568 |
Under IRS private-foundation payout rules, Neal Kay Foundation Charitable Tr reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas such as food access and shelter, as well as education and public radio. For example, TABLE Ministries says its mission is to deliver healthy food and nutrition education to food-insecure children in Orange County, North Carolina. Urban Ministries of Durham says it works to address homelessness and provide shelter, meals, groceries, and related services.
Grantmaking
In 2024, the foundation gave 10 grants totaling $11,031. Grants ranged from $5 to $3,000, with a median grant of $555. Notable awards included $3,000 to TABLE Ministries, $2,600 to GoFundMe org for medical expenses, $2,030 to Food Bank of Central & Eastern North Carolina, $2,000 to Catholic Charities of the Diocese of Raleigh, and $1,000 to Urban Ministries of Durham.
Leadership & Key People
Leadership team and compensation from IRS filings
Neal Kay is listed as trustee on the 2024 filing.
Neal Kay Foundation Charitable Tr is led by Neal Kay, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Neal Kay
Trustee
On filings since 2020
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Penny Kay (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 Neal Kay Foundation Charitable Tr
How much does Neal Kay Foundation Charitable Tr give each year?
Neal Kay Foundation Charitable Tr gave $11K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 4 grants.
What is Neal Kay Foundation Charitable Tr's typical grant size?
Neal Kay Foundation Charitable Tr's median grant in 2024 was $555, and its average grant was $1,103, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Neal Kay Foundation Charitable Tr that year got $1K on average.
Where does Neal Kay Foundation Charitable Tr give grants?
Neal Kay Foundation Charitable Tr gives mostly in North Carolina: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (25%). The most frequent recipient cities were Raleigh, NC (2 grants).
Does Neal Kay Foundation Charitable Tr give general operating support?
Yes: 60% of Neal Kay Foundation Charitable Tr's 2024 grants with a stated purpose (6 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Neal Kay Foundation Charitable Tr's largest grantees?
Neal Kay Foundation Charitable Tr's largest 2024 grantees include TABLE Ministries Inc ($3,000), GoFundMe org ($2,600) and Food Bank of Central & Eastern North Carolina Inc ($2,030), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.
How large is Neal Kay Foundation Charitable Tr?
Neal Kay Foundation Charitable Tr reported $232K in total assets on its 2024 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does Neal Kay Foundation Charitable Tr fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas such as food access and shelter, as well as education and public radio. See mission & focus areas ↑
How do I apply for a grant from Neal Kay Foundation Charitable Tr?
The filing says to contact Neal Kay in writing with the amount requested and the purpose. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Neal Kay Foundation Charitable Tr's EIN?
Neal Kay Foundation Charitable Tr's EIN (Employer Identification Number) is 75-2157368. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from Neal Kay Foundation Charitable Tr's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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