O Temple Sloan Jr Foundation
The O Temple Sloan Jr Foundation is a private grantmaking foundation established in 1994 and based in Raleigh, North Carolina. The foundation was founded by business executive O. Temple Sloan, Jr., and his wife, Carol C. Sloan. The foundation provides grants to nonprofit organizations and scholarships to students pursuing undergraduate degrees based on merit and financial need.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$37.1M
+1.3% YoY
Annual Giving
$2.5M
+26.2% YoY
Grant Count
212
+8.7% YoY
Avg Grant Size
$12K
+16.1% YoY
Under IRS private-foundation payout rules, O Temple Sloan Jr Foundation reported a distributable amount of $2.2M for 2023 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to share its resources to promote Christian values, educational development, and quality of life within the community.
Primary funding areas include:
- Education (approximately 40% of giving)
- Social & Human Services (approximately 27% of giving)
- Religion (approximately 16% of giving)
- Arts and culture
- Sports and recreation
- Health
- The environment
- Children and youth
Types of support provided include scholarships, project support, building funds, and equipment.
Grantmaking
Typical awards range from $104 to $100,000.
Grant Range
s:**
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in North Carolina and surrounding areas:
- 69% of grants stay in North Carolina
- Additional significant funding to: Montana, Texas, Virginia, and Michigan
- Specific geographic focus areas include Dillon, Montana and the Raleigh, North Carolina area
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 30, 2023:
- Total assets: $37,116,101
- Total revenues: $3,444,702
- Total expenses: $2,838,423
- Total giving: $2,549,382
Staffing:
- Number of employees: 0
IRS Status:
- 501(c)(3) organization
- EIN: 56-1870844
- Tax-exempt since July 1994
- NTEE code: T20 (Private Grantmaking Foundations)
- Required to file IRS Form 990-PF
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $37,116,101 | $36,630,889 | $34,936,587 |
| Revenue | $3,444,702 | $4,066,535 | $3,026,356 |
| Expenses | $2,838,423 | $2,441,552 | $2,512,835 |
| Qualifying Distributions | $2,674,136 | $2,122,587 | — |
| Net Investment Income | $2,850,415 | $3,731,070 | $2,201,377 |
| Distributable Amount | $2,197,453 | $2,498,726 | $2,176,078 |
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 2023
Grant Size Distribution
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Si Won Park ($18,000), Anna Davis ($15,000), Venera Anderson ($14,231).
| Recipient | Purpose | Amount |
|---|---|---|
| OLUWAJOBA OGUN RALEIGH, NC | SCHOLARSHIP - UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL | $13,500 |
| HOPE FARLOW RALEIGH, NC | SCHOLARSHIP - NORTH CAROLINA STATE UNIVERSITY | $560 |
| ETHAN FORTUNE WAKE FOREST, NC | SCHOLARSHIP - PITT COMMUNITY COLLEGE | $913 |
| HELENA SCHOONEN BUTTE, MT | SCHOLARSHIP - BOISE STATE UNIVERSITY | $6,000 |
| ELIZABETH HOSKINS SOPHIA, NC | SCHOLARSHIP - HIGH POINT UNIVERSITY | $12,000 |
| SYDNEY MCDONNELL RALEIGH, NC | SCHOLARSHIP - NORTH CAROLINA STATE UNIVERSITY | $12,000 |
| PIETER WESTERBEEK CARY, NC | SCHOLARSHIP - UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE | $12,000 |
| KATELYN HAGERMAN ROLESVILLE, NC | SCHOLARSHIP - EAST CAROLINA UNIVERSITY | $12,000 |
| JORDYN MCKAY DILLON, MT | SCHOLARSHIP - UNIVERSITY OF MONTANA WESTERN | $6,000 |
| DAWSON KRAMER TAYLORS, SC | SCHOLARSHIP - WASHINGTON AND LEE UNIVERSITY | $12,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founder & Donor:
- O. Temple Sloan, Jr. (founder, business executive and graduate of Duke University with a degree in Business; founded General Parts International/CARQUEST Auto Parts, Inc. in 1961)
- Carol C. Sloan (co-founder; daughter of a Presbyterian minister; obtained a degree in Sociology from Meredith College; passed away in 2009)
Current Leadership:
- Carson S Henline, Trustee
- James R Myers, Trustee
- Mark H Sloan, Trustee
- O Temple Sloan III, Trustee
- O Temple Sloan Jr, Trustee
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| O TEMPLE SLOAN JR | TRUSTEE | 0.12 | — |
| CARSON S HENLINE | TRUSTEE | 0.12 | — |
| MARK H SLOAN | TRUSTEE | 0.12 | — |
| O TEMPLE SLOAN III | TRUSTEE | 0.12 | — |
| JAMES R MYERS | TRUSTEE | 0.12 | — |
Recent Activity
Recent developments and announcements
**Scholarship Program:**
756 scholarships provided to date
50+ nonprofits supported
29 years of giving (as of the foundation's website publication)
The foundation maintains an active website at www.templesloanfamilyfoundation.com and publishes regular stories about student and community impact.
Frequently Asked Questions
What does O Temple Sloan Jr Foundation fund?
The foundation's mission is to share its resources to promote Christian values, educational development, and quality of life within the community. Primary funding areas include: • **Education** (approximately 40% of giving) • **Social & Human Services** (approximately 27% of giving) • **Religion** (approximately 16% of giving) • Arts and culture • Sports and recreation • Health • The environment • Children and youth Types of support provided include scholarships, project support, building funds…
How do I apply for a grant from O Temple Sloan Jr Foundation?
**Grant Activity (Fiscal Year Ending June 30, 2023):** • Total distributed: $2,549,382 • Organizations funded: 74 organizations receiving $1,762,600 • Individual scholarships: 107 individuals receiving $786,782 • Total grants made: 190 grants **Grant Sizes:** Typical awards range from $104 to $100,000. **Recent Grant Examples:** • Dorothea Dix Park Conservancy: $100,000 • Ravenscroft School: $100,000 • YMCA We Build People YMCA of the Triangle: $50,000 • University of Montana-Western: $50,000 •…
Where does O Temple Sloan Jr Foundation make grants?
The foundation primarily supports nonprofit organizations in North Carolina and surrounding areas: • **69% of grants** stay in North Carolina • Additional significant funding to: Montana, Texas, Virginia, and Michigan • Specific geographic focus areas include Dillon, Montana and the Raleigh, North Carolina area
What size grants does O Temple Sloan Jr Foundation award?
In 2023, O Temple Sloan Jr Foundation awarded 212 grants totaling $2.5M — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is O Temple Sloan Jr Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, O Temple Sloan Jr Foundation reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is O Temple Sloan Jr Foundation's EIN?
O Temple Sloan Jr Foundation's EIN (Employer Identification Number) is 56-1870844. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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