Neal Kay Foundation Charitable Tr

Private foundation · Grantmaker Chapel Hill, NC EIN: 75-2157368

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.

Key facts about Neal Kay Foundation Charitable Tr

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.

EIN
75-2157368
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$11,031
Grants made (2024)
10
Average grant
$1,103
Median grant
$555
New grantees (estimate)
70% first-time grantees (7 of 10, 2024)
Total assets
$231,567
Primary geography
North Carolina (75% of itemized 2024 grant dollars)
How to apply
The filing says to contact Neal Kay in writing with the amount requested and the purpose. Full details ↓
Deadline
None listed.

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$232K

+19.3% YoY

Annual Giving

$11K

+167.4% YoY

Grant Count

10

+150.0% YoY

Avg Grant Size

$1K

+7.0% YoY

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.

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. 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.

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.

Review Cycle

None listed.

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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

5states

Share of 2024 grant dollars across all 10 itemized grants.

Cities

DurhamCarrboroDavidsonRaleighWake ForestRedwood CityChapel HillMemphisMountain ViewNew YorkOrlandoSan Francisco

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K6 grants2020 4 grants2021 6 grants2022 4 grants2023 10 grants2024

From 2020 to 2024, annual grant giving ranged from $4K (2021) to $20K (2020). In 2024 it made 10 grants totaling $11K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

TABLE Ministries Inc: $3KTABLE Ministries Inc$3KGoFundMe org: $3KGoFundMe org$3KFood Bank of Central & Eastern North Carolina Inc: $2KFood Bank of Central & EasternNorth Carolina Inc$2KCatholic Charities of the Diocese of Raleigh Inc: $2KCatholic Charities of theDiocese of Raleigh Inc$2KUrban Ministries of Durham: $1KUrban Ministries of Durham$1KKhan Academy: $110Khan Academy$110Wcpe: $100Wcpe$100Davidson CollegeWDAV 899 Classical Public Radio: $100Davidson CollegeWDAV 899Classical Public Radio$100WQXR: $86WQXR$86Wikimedia Foundation Inc: $5Wikimedia Foundation Inc$5

The largest 2024 recipient was TABLE Ministries Inc ($3K). Together the top 10 received $11K.

Grant Size Distribution

30 grants across all recorded years

30<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 30 grants of 30 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
TABLE Ministries Inc Carrboro, NC501c3 - Operating expense Human services Food & nutrition: free food distribution for school-age children in Orange County-$3,000
GoFundMe org Redwood City, CADr Kamran Khan - medical expenses$2,600
Food Bank of Central & Eastern North Carolina Inc Raleigh, NCDonation to feed hungry people 501c3$2,030
Catholic Charities of the Diocese of Raleigh Inc Raleigh, NCOperating expenses$2,000
Urban Ministries of Durham Durham, NC501c3 Food & Shelter for homeless$1,000
Khan Academy Mountain View, CAEducational 501c3$110
Wcpe Wake Forest, NCOperating expenses$100
Davidson CollegeWDAV 899 Classical Public Radio Davidson, NCOperating Expense WDAV public radio station$100
WQXR New York, NYOperating expenses for 501c3$86
Wikimedia Foundation Inc San Francisco, CAOperating expense online data service 501c3$5

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $231,567 $1,635 $11,479 $11,031 10
2023 $194,024 $6,610 $5,914 $4,125 4
2022 $138,551 $1,127 $5,874 $4,125 6
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$231,567$194,024$138,551
Revenue$1,635$6,610$1,127
Expenses$11,479$5,914$5,874
Qualifying Distributions$11,131$4,764$4,125
Net Investment Income—$4,398—
Distributable Amount$10,307$1,304$8,911

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

Contact

Application contact: Neal Kay
Mailing address: 514 W Barbee Chapel Rd, Chapel Hill, NC 27517
Phone: (305) 778-7905
Email: nealkay@gmail.com

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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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