North State Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHFIELD, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 15 grants totaling $68K. Net investment income was $107K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+4.2% YoY
Annual Giving
$68K
-6.8% YoY
Grant Count
15
-11.8% YoY
Avg Grant Size
$5K
+5.6% YoY
Under IRS private-foundation payout rules, North State Foundation reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
About North State Foundation
Based on IRS filings
North State Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHFIELD, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 15 grants totaling $68K. Net investment income was $107K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,512,977 | $1,452,675 | $1,222,106 |
| Revenue | $592,533 | $312,830 | $139,940 |
| Expenses | $84,433 | $82,261 | $90,991 |
| Qualifying Distributions | $68,800 | $73,700 | $74,050 |
| Net Investment Income | $106,542 | $303,660 | $128,432 |
| Distributable Amount | $87,131 | $68,520 | $73,488 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Environmental Defense Fund ($10,000), North Carolina Aquarium Society ($10,000), Pullen Memorial Baptist Church ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CONTEMPORARY ART FOUNDATION RALEIGH, NC | PROMOTE THE ARTS THROUGH EDUCATION, OUTREACH AND INV | $2,000 |
| ELON UNIVERSITY ELON, NC | GENERAL SUPPORT | $2,000 |
| ENVIRONMENTAL DEFENSE FUND RALEIGH, NC | PROMOTE AWARENESS OF AND FUND RESEARCH RELATING TO ENVIRONMENT | $10,000 |
| JOHNSTON COUNTY ANIMAL PROTECTION LEAGUE SMITHFIELD, NC | GENERAL SUPPORT | $2,500 |
| JOHNSTON HEALTH FOUNDATION SMITHFIELD, NC | GENERAL SUPPORT | $2,500 |
| NC MUSEUM OF ART FOUNDATION RALEIGH, NC | PROMOTE ART AWARENESS | $1,500 |
| NORTH CAROLINA AQUARIUM SOCIETY RALEIGH, NC | MAINTENANCE OF FACILITIES AND PROMOTION OF ACTIVITIES | $10,000 |
| PULLEN MEMORIAL BAPTIST CHURCH RALEIGH, NC | GENERAL SUPPORT | $10,000 |
| RUFF GARNER, NC | GENERAL SUPPOR | $2,000 |
| SAFE HAVEN FOR CATS RALEIGH, NC | GENERAL SUPPORT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OLIVIA B HOLDING | PRESIDENT | 0.5 | — |
| CARSON H BRICE | SECRETARY | 0.5 | — |
| HOPE H BRYANT | TREASURER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is North State Foundation?
North State Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHFIELD, NC. It holds $1.5M in total assets as of 2024.
How large is North State Foundation?
As of 2024, North State Foundation holds $1.5M in total assets with $593K in annual revenue. It awarded 15 grants totaling $68K in 2024.
Where does North State Foundation operate?
North State Foundation has awarded grants in North Carolina, Pennsylvania, Virginia.
What size grants does North State Foundation award?
In 2024, North State Foundation awarded 15 grants totaling $68K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is North State Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, North State Foundation reported a distributable amount of $87K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is North State Foundation's EIN?
North State Foundation's EIN (Employer Identification Number) is 26-1986674. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in North State Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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