North Carolina Insurance and Financial
North Carolina Insurance and Financial is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $307K in total assets. In 2024, it awarded 3 grants totaling $25K. Net investment income was $21K.
North Carolina Insurance and Financial at a glance
In short: North Carolina Insurance and Financial gave $25K across 3 grants in 2024 (avg $8K), top state Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $24,975
- Grants made (2024)
- 3
- Average grant
- $8,325
- Median grant
- $8,325
- Total assets
- $306,898
- Primary geography
- Texas (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who North Carolina Insurance and Financial funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Operation Airdrop ($8K). Together the top 3 received $25K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How North Carolina Insurance and Financial gives
- In 2024 it paid out 160% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 3 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Operation Airdrop Bedford, TX | To provide relief to the victims of hurricane helene | $8,325 |
| Civilian Disaster Response Organization Leicester, NC | To provide relief to the victims of hurricane helene | $8,325 |
| Cajun Navy 2016 Watson, LA | To provide relief to the victims of hurricane helene | $8,325 |
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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 | $306,898 | $21,295 | $27,339 | $24,975 | 3 | $24,975 | $20,506 | $15,629 |
| 2022 | $283,733 | $14,321 | $1,367 | — | — | — | — | — |
| 2021 | $322,184 | $1,272 | $2,334 | — | — | — | — | — |
| 2020 | $304,052 | $9,036 | $6,924 | — | — | — | — | — |
Under IRS private-foundation payout rules, North Carolina Insurance and Financial reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
North Carolina Insurance and Financial is led by Brian Cooper, President since 2024 (on filings since 2020); none of the 12 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brian Cooper
President
Director → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Janice M. Stevens
Executive Director
On filings since 2020
40 hrs/week
No compensation reported
Andrew Jones
Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Elie Aharon
At Large
New on the 2024 filing
1 hr/week
No compensation reported
Fred Joyner
At Large
New on the 2024 filing
1 hr/week
No compensation reported
Jason Austell
Immediate Past President
New on the 2024 filing
1 hr/week
No compensation reported
John Mazza
At Large
New on the 2024 filing
1 hr/week
No compensation reported
Matt Stone
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Paul Johnson
At Large
New on the 2024 filing
1 hr/week
No compensation reported
Roger Sims
At Large
New on the 2024 filing
1 hr/week
No compensation reported
Sean O'Brien
At Large
New on the 2024 filing
1 hr/week
No compensation reported
Shanna B. Strickland
President-Elect
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: Bonnie Williams (2020–2022) — Director
- Former: David Caplan (2020–2022) — Director
- Former: Deborah Foster (2020–2022) — Secretary & Treasurer
- Former: Fran Albritton (2020–2022) — Director
- Former: Jim Coviello (2020–2022) — President
- Former: Shannon Shouse (2020–2022) — Director
- Former: William Solomon (2020–2022) — Director
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 North Carolina Insurance and Financial
How much does North Carolina Insurance and Financial give each year?
North Carolina Insurance and Financial gave $25K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.
What is North Carolina Insurance and Financial's typical grant size?
North Carolina Insurance and Financial's median grant in 2024 was $8,325, and its average grant was $8,325, across 3 grants on its 2024 IRS Form 990-PF.
Where does North Carolina Insurance and Financial give grants?
North Carolina Insurance and Financial's top state is Texas, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were North Carolina (33%) and Louisiana (33%).
Does North Carolina Insurance and Financial give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on North Carolina Insurance and Financial's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Provide Relief to the Victims of Hurricane Helene" (3 grants).
How large is North Carolina Insurance and Financial?
North Carolina Insurance and Financial reported $307K in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is North Carolina Insurance and Financial's EIN?
North Carolina Insurance and Financial's EIN (Employer Identification Number) is 58-1837139. 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.
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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