North Carolina Veterinary Medical Foundation Inc

Public charity · Grantmaker Raleigh, NC EIN: 58-1344473

To provide financial support for all types of education and research in the field of veterinary medicine at North Carolina state university.

Key facts about North Carolina Veterinary Medical Foundation Inc

In short: North Carolina Veterinary Medical Foundation Inc gave $9.0M across 1 grant in 2025 (avg $9.0M), mostly in North Carolina. Source: 2025 IRS Form 990.

EIN
58-1344473
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$9,027,219
Grants made (2025)
1
Average grant
$9,027,219
Median grant
$9,027,219
Total assets
$156,508,731
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

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

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$156.5M

+8.5% YoY

Annual Giving

$9.0M

+79.4% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$9.0M

+79.4% YoY

How North Carolina Veterinary Medical Foundation Inc gives

  • Giving grew 370% from 2022 to 2025. Method

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

About North Carolina Veterinary Medical Foundation Inc

Based on IRS filings

North Carolina Veterinary Medical Foundation Inc is a public charity focused on Education, based in Raleigh, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $156.5M in total assets. In 2025, it awarded 1 grant totaling $9.0M. Net investment income was $3.2M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

Cities

Raleigh

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $1.3M (2020) to $9.0M (2025). In 2025 it made 1 grant totaling $9.0M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

North Carolina State University: $9.0MNorth Carolina StateUniversity$9.0M

The largest 2025 recipient was North Carolina State University ($9.0M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M3$1–5M2$5M+

The most common grant size was in the $1–5M range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
North Carolina State University Raleigh, NCScholarships, Faculty Support, Departmental Support and Facility Support$9,027,219

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M$20M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$156,508,731$144,191,197$129,193,852
Revenue$15,852,089$16,394,486$14,379,011
Expenses$13,731,330$11,988,032$8,669,624
Net Investment Income$3,166,331$2,797,974$2,654,787

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS January 28, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS December 14, 2021)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS December 14, 2022)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 9, 2023)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS December 5, 2024)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS January 21, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

North Carolina Veterinary Medical Foundation Inc is led by Kathe Garrison, President since 2025 (on filings since 2020); none of the 30 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Kathe Garrison

    President

    Director → Vice President, 2023

    Vice President → President, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • April Eshelman

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • David Knight

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Emily Ragsdale

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Helen Ballentine

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kady M. Gjessing

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Susan Ward

    Director

    President → Immediate Past President, 2023

    Immediate Past President → Director, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wendell H. Murphy III

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Betsy Saul

    Director From

    Director → Director From, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Timothy R. Wright

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Cat Lineberry

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Edward Vinson

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Erica Mearns

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Thomas Cabaniss

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Valerie Yoffe

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Benny Suggs

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Cindy Atha

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Donna Preiss

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Lisa McNary

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Sydney Langford

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Clifford Leath

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Elizabeth Woodard

    Director From

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Laurie Sanford

    Director From

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Charles D. Collins Jr.

    Immediate Past President

    Vice President → President, 2023

    President → Immediate Past President, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Erin Delehanty

    Assistant Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Frances B. Bryan

    Vice President

    Director → Vice President, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Dana R. Harris

    Treasurer

    On filings since 2023

    1 hr/week

    No compensation reported

  • Sherry Buckles

    Secretary

    On filings since 2023

    1 hr/week

    No compensation reported

  • Hyemi Sevening

    Secretary From

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Niki Theobald

    Interim Secretary -

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (24)
  • Former: Cliff Leath (2020–2024) — Director
  • Former: Betty B. Wheeler (2020–2023) — Director
  • Former: Bryan Downey (2020–2023) — Director
  • Former: Mary Peloquin-Dodd (2020–2023) — Former Treasurer
  • Former: Nathaniel M. Hyde (2020–2023) — Director
  • Former: Thomas H. Smith (2020–2023) — Director
  • Former: William B. Thompson Jr. (2020–2023) — Director
  • Former: Chessie Green (2020–2022) — Director
  • Former: Cindy Nord (2020–2022) — Director
  • Former: Dianne Dunning (2020–2022) — Secretary
  • Former: Judith K. Grainger (2020–2022) — Immediate Past President
  • Former: Randolph Reid (2020–2022) — Director
  • Former: Carole Gailor (2020–2021) — Director
  • Former: Cathy Maready (2020–2021) — Director
  • Former: Cynthia Clark (2020–2021) — Director
  • Former: Gerald Owens (2020–2021) — Director
  • Former: Paula Dickerson (2020–2021) — Director
  • Former: Randall Stoecker (2020–2021) — Director
  • Former: Sarah H. O'Hanlon (2020–2021) — Director
  • Former: David C. Edwards (2021) — Director
  • Former: C. David Edwards (2020) — Director
  • Former: Marcia Gorrell-Kornegay (2020) — Director
  • Former: Runyon Tyler (2020) — Director
  • Former: Sandra W. Alford (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "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 Veterinary Medical Foundation Inc

How much does North Carolina Veterinary Medical Foundation Inc give each year?

North Carolina Veterinary Medical Foundation Inc gave $9.0M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $5.0M across 1 grant.

How large is North Carolina Veterinary Medical Foundation Inc?

North Carolina Veterinary Medical Foundation Inc reported $156.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $15.9M.

What is North Carolina Veterinary Medical Foundation Inc?

North Carolina Veterinary Medical Foundation Inc is a public charity focused on Education, based in Raleigh, NC. It holds $156.5M in total assets as of 2025.

Where does North Carolina Veterinary Medical Foundation Inc operate?

North Carolina Veterinary Medical Foundation Inc has awarded grants in North Carolina.

What is North Carolina Veterinary Medical Foundation Inc's EIN?

North Carolina Veterinary Medical Foundation Inc's EIN (Employer Identification Number) is 58-1344473. IRS Form 990 filing data is available on this page for 2020–2025.

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

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