North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation
The North Carolina Sports Legacy Foundation is a private foundation based in Charlotte, North Carolina. Its 2024 filing records grants to sports organizations, including national governing bodies and other organizations involved in athletic training and competition.
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation at a glance
In short: North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation gave $4.0M across 15 grants in 2024 (avg $267K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,999,798
- Grants made (2024)
- 15
- Average grant
- $266,653
- Median grant
- $262,500
- Total assets
- $11,244,484
- +971765.5% vs 2023
- Primary geography
- Colorado (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 9319 Robert D Snyder Road Suite 41, Charlotte, NC 28223
Phone: (704) 806-7910
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was USA Bobsledskeleton ($525K). Together the top 10 received $3.7M.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was in the $250–500K range: 7 grants of 17 (41%).
Geographic Focus
Where this funder awards grants
The 2024 grants went to recipients in multiple states. Colorado accounted for 50% of grant dollars, followed by Tennessee (13%), California (9%), Illinois (9%), and Virginia (7%).
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
Cities
How North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation gives
- Giving grew 199890% from 2021 to 2024. Method
- In 2024 it paid out well above 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
From 2020 to 2024, annual grant giving ranged from $760 (2020) to $4.0M (2024). In 2024 it made 15 grants totaling $4.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| USA Bobsledskeleton Clarksville, TN | Grant Donation | $525,000 |
| USA Judo Colorado Springs, CO | Grant Donation | $525,000 |
| USA Triatholon Colorado Springs, CO | Training and Operations | $499,375 |
| USA Skateboarding South Lake Tahoe, CA | Grant Donation | $375,000 |
| USA Football Chicago, IL | Grant Donation | $350,000 |
| USA Table Tennis Colorado Springs, CO | Grant Donation | $350,000 |
| The American Canoe Association Fredicksburg, VA | Grant Donation | $266,667 |
| United States Field Hockey Colorado Springs, CO | Grant Donation | $262,500 |
| USA Archery Colorado Springs, CO | Grant Donation | $262,500 |
| US Youth Soccer Frisco, TX | Grant Donation | $240,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $11,244,484 | $24,141,353 | $12,796,603 | $3,999,798 | 15 | $19,185,212 | $184,486 |
| 2023 | $1,157 | $5,000 | $6,647,527 | — | — | — | $99 |
| 2022 | — | $110 | $40 | — | — | $40 | $1 |
| 2021 | $6 | $15,000 | $15,020 | $2,000 | 1 | $15,000 | — |
| 2020 | $6 | $10,000 | $10,000 | $760 | 1 | — | — |
Under IRS private-foundation payout rules, North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation reported a distributable amount of $184K 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 included support for organizations in sports such as judo, triathlon, skateboarding, football, table tennis, field hockey, archery, soccer, and badminton.
Among its grantees, United States Field Hockey says its mission is to develop players and coaches and ultimately perform at the Olympic Games; it provides high-performance and developmental coaching and conducts tournaments and other member events. USA Badminton says it seeks to foster badminton’s growth in the United States and competitive excellence by U.S. athletes in international and Olympic competition.
Grantmaking
In 2024, the foundation gave 15 grants totaling $3,999,798. Grants ranged from $15,000 to $525,000, with a median grant of $262,500.
Notable 2024 grants included $525,000 to USA Bobsled Skeleton and $525,000 to USA Judo; $499,375 to USA Triatholon for training and operations; $375,000 to USA Skateboarding; $350,000 each to USA Football and USA Table Tennis; and $262,500 each to United States Field Hockey and USA Archery. USA Badminton received $15,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Walt Pettit as chairman and Robert Burton and Dr. Charles DePaolo as members.
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation is led by Walt Pettit, Chairman since 2022 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Walt Pettit
Chairman
Board → Chairman, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Charles Depaolo
Member
Board → Member, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Robert Burton
Member
Chairman → Member, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Adam Farber (2020–2021) — Board
- Former: Mitch Sprengelmeyer (2020–2021) — Board
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 Sports Legacy Foundation FKA Promote the Youth Foundation
How much does North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation give each year?
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation gave $4.0M across 15 grants in 2024, according to its 2024 IRS Form 990-PF.
What is North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's typical grant size?
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's median grant in 2024 was $262,500, and its average grant was $266,653, across 15 grants on its 2024 IRS Form 990-PF.
Where does North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation give grants?
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation gives mostly in Colorado: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Tennessee (13%) and California (9%). The most frequent recipient cities were Colorado Springs, CO (6 grants) and Charlotte, NC (2 grants).
Does North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation give general operating support?
Not in 2024: none of the 15 grants with a stated purpose on North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant Donation" (10 grants).
Who are North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's largest grantees?
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's largest 2024 grantees include USA Bobsledskeleton ($525,000), USA Judo ($525,000) and USA Triatholon ($499,375), according to its 2024 IRS Form 990-PF. Together they received 39% of its itemized 2024 grant dollars.
How large is North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation?
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation reported $11.2M in total assets on its 2024 IRS Form 990-PF. It paid out $19.2M in qualifying distributions that year, against a required minimum of $184K (roughly 5% of its investment assets).
What does North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations in sports such as judo, triathlon, skateboarding, football, table tennis, field hockey, archery, soccer, and badminton. See mission & focus areas ↑
How do I apply for a grant from North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's EIN?
North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation's EIN (Employer Identification Number) is 46-1113072. IRS Form 990 filing data is available on this page for 2020–2024.
Does North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 5, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/north-carolina-sports-legacy-foundation-fka-promote-the-youth-foundation-morg_053c8c9cb6f446239a0cae8393034802
BibTeX
@misc{grantable_461113072_2026,
author = {{Grantable}},
title = {{North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/north-carolina-sports-legacy-foundation-fka-promote-the-youth-foundation-morg_053c8c9cb6f446239a0cae8393034802},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from North Carolina Sports Legacy Foundation FKA Promote the Youth Foundation'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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