Procton Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $18.7M in total assets. In 2024, it awarded 2 grants totaling $300K. Net investment income was $478K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.7M
+0.8% YoY
Annual Giving
$300K
Grant Count
2
Avg Grant Size
$150K
Under IRS private-foundation payout rules, Procton Family Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Procton Family Foundation
Based on IRS filings
Procton Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $18.7M in total assets. In 2024, it awarded 2 grants totaling $300K. Net investment income was $478K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $18,687,141 | $18,531,038 |
| Revenue | $543,509 | $18,532,010 |
| Expenses | $387,406 | $972 |
| Qualifying Distributions | $300,000 | — |
| Net Investment Income | $478,147 | $470,798 |
| Distributable Amount | $1,006,474 | $105,452 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Virginia ($250,000), Grimsley High School ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | EDUCATIONAL | $250,000 |
| GRIMSLEY HIGH SCHOOL GREENSBORO, NC | EDUCATIONAL | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE E PROCTON | PRESIDENT,TREASURER | 1 | — |
| TESSA N RAMEZANE | VICE PRES, SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Procton Family Foundation?
Procton Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. It holds $18.7M in total assets as of 2024.
How large is Procton Family Foundation?
As of 2024, Procton Family Foundation holds $18.7M in total assets with $544K in annual revenue. It awarded 2 grants totaling $300K in 2024.
Where does Procton Family Foundation operate?
Procton Family Foundation has awarded grants in North Carolina, Virginia.
What size grants does Procton Family Foundation award?
In 2024, Procton Family Foundation awarded 2 grants totaling $300K — an average of about $150K per grant, based on its IRS Form 990 filings.
How much is Procton Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Procton Family Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Procton Family Foundation's EIN?
Procton Family Foundation's EIN (Employer Identification Number) is 93-4515371. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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