North Carolina Textile Foundation Inc

Foundation · Grantmaker Raleigh, NC EIN: 56-6045324

TO ADVANCE WILSON COLLEGE OF TEXTILES THROUGH ENGAGEMENT, PARTNERSHIP AND PHILANTHROPY. AS A CHARITABLE ORGANIZATION, THE FOUNDATION SUPPORTS THE COLLEGE AND DEAN OF THE COLLEGE AND SUCH SUPPORT SHALL INCLUDE BUT IS NOT LIMITED TO PROVIDING FUNDS FOR SCHOLARSHIPS TO DESERVING UNDERGRADUATE AND GRADUATE STUDENTS; RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED STUDENTS, EDUCATORS AND RESEARCHERS; AND PLACEMENT OF GRADUATES. THE FOUNDATION ALSO ASSISTS IN THE ACQUISITION AND MAINTENANCE OF STATE-OF-THE-ART EQUIPMENT AND FACILITIES FOR RESEARCH AND EDUCATION.

Key facts about North Carolina Textile Foundation Inc

EIN
56-6045324
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$2,370,367
Grants made (2025)
1
Average grant
$2,370,367
Median grant
$2,370,367
Total assets
$104,571,165
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

How North Carolina Textile Foundation Inc gives

  • Giving grew 65% from 2022 to 2025. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$104.6M

+12.7% YoY

Annual Giving

$2.4M

+32.8% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$2.4M

+32.8% YoY

About North Carolina Textile Foundation Inc

Based on IRS filings

North Carolina Textile Foundation Inc is a nonprofit organization focused on Education, based in Raleigh, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $104.6M in total assets. In 2025, it awarded 1 grant totaling $2.4M. Net investment income was $2.0M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

Cities

Raleigh

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$12M$16M202020212022202320242025
Metric202520242023
Total Assets$104,571,165$92,800,052$84,202,750
Revenue$11,450,249$6,908,763$6,538,403
Expenses$5,466,543$4,706,717$4,719,381
Qualifying Distributions———
Net Investment Income$2,028,789$950,242$4,121,861
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Giving Over Time

Total grant dollars and number of grants per year

$0$593K$1M$2M$2M1 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

North Carolina State University: $2.4MNorth Carolina StateUniversity$2.4M

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include North Carolina State University ($2,370,367).

RecipientPurposeAmount
NORTH CAROLINA STATE UNIVERSITY Raleigh, NCTO PROVIDE FOR STUDENT SCHOLARSHIPS, FUND RESEARCH AND PROFESSORSHIPS AND ASSIST WITH CAPITAL PURCHASES.$2,370,367

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2025 IRS filing

NameTitleHoursCompensation
Amy Bircher BruynDirector1—
Tammy BucknerDirector1—
Elizabeth C CalabreseVice President1—
Johnny L Chapman JrDirector1—
Rick ElmoreDirector1—
Charles Flynt JrDirector1—
Dennis GoffDirector1—
Matthew GriffithDirector1—
Charles Heilig IIIDirector1—
David HinksDirector1—
Wesley HorneDirector1—
Kenneth T HugginsTreasurer1—
Elaine HughesDirector1—
Sherry McCrawDirector1—
Mindy OakleyDirector1—
Leib OehmigSecretary1—
Prashant PrabhuDirector1—
George RagsdaleDirector1—
Melissa StewartDirector1—
Brendan SullivanDirector1—
Nancy WebsterPresident1—
Robin PerkinsDirector Until 11/30/241—
Erin DelehantyAsst. Treasurer1—
Dana R HarrisAsst. Treasurer1—
Michael WardExecutive Director1—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is North Carolina Textile Foundation Inc?

North Carolina Textile Foundation Inc is a nonprofit organization focused on Education, based in Raleigh, NC. It holds $104.6M in total assets as of 2025.

How large is North Carolina Textile Foundation Inc?

As of 2025, North Carolina Textile Foundation Inc holds $104.6M in total assets with $11.5M in annual revenue. It awarded 1 grant totaling $2.4M in 2025.

Where does North Carolina Textile Foundation Inc operate?

North Carolina Textile Foundation Inc has awarded grants in North Carolina.

What size grants does North Carolina Textile Foundation Inc award?

In 2025, North Carolina Textile Foundation Inc awarded 1 grant totaling $2.4M — an average of about $2.4M per grant, based on its IRS Form 990 filings.

What is North Carolina Textile Foundation Inc's EIN?

North Carolina Textile Foundation Inc's EIN (Employer Identification Number) is 56-6045324. IRS Form 990 filing data is available on this page for 2020–2025.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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