Porter B Byrum Charitable Trust

CHARLOTTE, NC EIN: 26-6366327

Porter B Byrum Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $6.0M. Net investment income was $97K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$6.0M

Grant Count

Avg Grant Size

$2.0M

Under IRS private-foundation payout rules, Porter B Byrum Charitable Trust reported a distributable amount of $113K for 2023 — the minimum it must pay out in qualifying distributions.

About Porter B Byrum Charitable Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $6.0M (100%)

States

North Carolina

Cities

CharlotteWingateWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$5,993,939	$6,492,816
Revenue	$97,376	$-372,468	$-98
Expenses	$6,091,315	$126,409	$77,198
Qualifying Distributions	$6,091,316	$112,989	$54,265
Net Investment Income	$97,376	$71,944	$7,218
Distributable Amount	$112,575	$148,047	$321,543

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2023

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Wake Forest University ($2,950,094), Queens University of Charlotte ($1,535,254), Wingate University ($1,535,254).

Recipient	Purpose	Amount
QUEENS UNIVERSITY OF CHARLOTTE CHARLOTTE, NC	STUDENT SCHOLARSHIP FUND	$1,535,254
WINGATE UNIVERSITY WINGATE, NC	STUDENT SCHOLARSHIP FUND	$1,535,254
WAKE FOREST UNIVERSITY WINSTONSALEM, NC	STUDENT SCHOLARSHIP FUND	$2,950,094

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
SANDRA GRAVELY	TRUSTEE	1	$13,428

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Porter B Byrum Charitable Trust?

Porter B Byrum Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. It holds — in total assets as of 2023.

Where does Porter B Byrum Charitable Trust operate?

Porter B Byrum Charitable Trust has awarded grants in North Carolina.

What size grants does Porter B Byrum Charitable Trust award?

In 2023, Porter B Byrum Charitable Trust awarded 3 grants totaling $6.0M — an average of about $2.0M per grant, based on its IRS Form 990 filings.

How much is Porter B Byrum Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Porter B Byrum Charitable Trust reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Porter B Byrum Charitable Trust's EIN?

Porter B Byrum Charitable Trust's EIN (Employer Identification Number) is 26-6366327. IRS Form 990 filing data is available on this page for 2020–2023.