Pate Foundation Inc
Pate Foundation Inc is a private foundation, based in Morehead City, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $19K in total assets. Net investment income was $766.
Pate Foundation Inc at a glance
- Total assets
- $18,789
- +4.7% vs 2024
- Revenue (2025)
- $914
- -83.4% vs 2024
- Net investment income (2025)
- $766
- -85.6% vs 2024
- Expenses (2025)
- $74
- -100.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Pate Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Pate Foundation Inc gives
- Giving grew 130% 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 2021 to 2024, annual grant giving ranged from $50K (2023) to $170K (2024). In 2024 it made 3 grants totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club of Coastal Plain Winterville, NC | Current Budget for General Operations | $150,000 |
| Open Door Mennonite Church Jackson, MS | Current Budget for General Operations | $10,000 |
| Working Together Mississippi Jackson, MS | Current Budget for General Operations | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $18,789 | $914 | $74 | — | — | — | $766 | $893 |
| 2024 | $17,949 | $5,511 | $170,103 | $170,000 | 3 | $170,000 | $5,302 | $5,023 |
| 2023 | $182,541 | $7,308 | $50,000 | $50,000 | 3 | $50,000 | $7,308 | $10,164 |
| 2022 | $225,233 | $886 | $85,400 | $85,000 | 2 | $85,000 | — | $15,098 |
| 2021 | $309,847 | $124 | $74,166 | $74,000 | 3 | — | $8 | $17,681 |
Under IRS private-foundation payout rules, Pate Foundation Inc reported a distributable amount of $893 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Pate Foundation Inc is led by G. Timothy Pate, President on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
G. Timothy Pate
President
On filings since 2021
0.1 hrs/week
No compensation reported
J. Mike Pate
Secretary Treasurer
On filings since 2021
0 hrs/week
No compensation reported
Former officers (1)
- Former: Phyllis W. Pate (2021–2023) — Vice President
Data from IRS Form 990 filings, 2021–2025. "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 Pate Foundation Inc
How large is Pate Foundation Inc?
Pate Foundation Inc reported $19K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $914.
Where does Pate Foundation Inc operate?
Pate Foundation Inc has awarded grants in Mississippi, North Carolina.
How much is Pate Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Pate Foundation Inc reported a distributable amount of $893 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pate Foundation Inc's EIN?
Pate Foundation Inc's EIN (Employer Identification Number) is 47-4038813. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 4, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 1, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS August 1, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Pate Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Pate Foundation Inc's focus areas in our free grants database
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Pate Foundation Inc down — hundreds of funders to go?