Project 58
Project 58 is a private foundation based in Lexington, North Carolina. Its 2024 filing lists seven grants totaling $7,690, all with the purpose described as charitable.
Project 58 at a glance
In short: Project 58 gave $8K across 7 grants in 2024 (avg $1K), top state Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,690
- -98.6% vs 2023
- Grants made (2024)
- 7
- -66.7% vs 2023
- Average grant
- $1,099
- -95.7% vs 2023
- Median grant
- $800
- Total assets
- $3,866,876
- +1.2% vs 2023
- Primary geography
- Florida (27% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Project 58
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 908 Country Club Dr, Lexington, NC 27292
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Project 58 funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Dugit Outreach Ministries ($2K). Together the top 6 received $7K.
Grant Size Distribution
109 grants across all recorded years
The most common grant size was under $50K: 103 grants of 109 (94%).
Geographic Focus
Where this funder awards grants
The 2024 filing’s grant-dollar distribution was Florida, 27%; Texas, 26%; North Carolina, 21%; Tennessee, 17%; and New York, 10%.
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Project 58 gives
- Giving fell 99% from 2021 to 2024. Method
- In 2024 it paid out 8% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $8K (2024) to $1.4M (2021). In 2024 it made 7 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dugit Outreach Ministries Jacksonville, FL | Charitable | $2,060 |
| Tikkun International Grand Prairie, TX | Charitable | $2,000 |
| Energize Ministries Winston-Salem, NC | Charitable | $1,000 |
| International Christian Embassy Jerusalem Nashville, TN | Charitable | $800 |
| The Feed Foundation New York, NY | Charitable | $750 |
| Miscellaneous Lexington, NC | Charitable | $600 |
| Gospel Music Association Nashville, TN | Charitable | $480 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,866,876 | $14,936 | $269,180 | $7,690 | 7 | $7,690 | $46,989 | $102,092 |
| 2023 | $3,820,196 | $60,080 | $788,700 | $532,734 | 21 | $532,734 | $57,927 | $109,829 |
| 2022 | $4,299,600 | $571,742 | $585,064 | $326,155 | 32 | $326,155 | $67,278 | $117,925 |
| 2021 | $4,313,582 | $4,143,078 | $1,751,023 | $1,409,963 | 34 | $1,409,963 | $27,850 | $34,006 |
| 2020 | $1,861,499 | $65,009 | $466,495 | $250,492 | 15 | — | — | — |
| 2019 | $2,262,194 | $820,263 | $546,154 | $276,272 | 16 | — | — | — |
Under IRS private-foundation payout rules, Project 58 reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
An earlier profile describes the foundation’s mission as promoting the Gospel of Jesus Christ by addressing spiritual and physical needs. Its 2024 filing lists charitable purposes for its grants.
Among the organizations it supported in 2024 was Gospel Music Association Inc., which received $480. The association describes its mission as educating people about, recognizing, and preserving the history and legacy of all forms of gospel music, and providing resources to encourage participation and appreciation.
Grantmaking
In 2024, Project 58 gave seven grants totaling $7,690. The grants ranged from $480 to $2,060, with a median of $800. Recipients included Dugit Outreach Ministries ($2,060), Tikkun International ($2,000), Energize Ministries ($1,000), International Christian Embassy Jerusalem ($800), The Feed Foundation ($750), Miscellaneous ($600), and Gospel Music Association ($480).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Roy Morgan as president, Todd Bartlett as secretary, and Scott Van Eerden as treasurer.
Project 58 is led by Roy Morgan, President on every filing since 2019; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Roy Morgan
President
On filings since 2019
8 hrs/week
No compensation reported
Scott Van Eerden
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Todd Bartlett
Secretary
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Project 58
How much does Project 58 give each year?
Project 58 gave $8K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $533K across 21 grants.
What is Project 58's typical grant size?
Project 58's median grant in 2024 was $800, and its average grant was $1,099, across 7 grants on its 2024 IRS Form 990-PF.
Where does Project 58 give grants?
Project 58's top state is Florida, with 27% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Texas (26%) and North Carolina (21%). The most frequent recipient cities were Nashville, TN (2 grants).
Does Project 58 give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Project 58's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (7 grants).
Who are Project 58's largest grantees?
Project 58's largest 2024 grantees include Dugit Outreach Ministries ($2,060), Tikkun International ($2,000) and Energize Ministries ($1,000), according to its 2024 IRS Form 990-PF. Together they received 66% of its itemized 2024 grant dollars.
How large is Project 58?
Project 58 reported $3.9M in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $102K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Project 58 fund?
An earlier profile describes the foundation’s mission as promoting the Gospel of Jesus Christ by addressing spiritual and physical needs. Its 2024 filing lists charitable purposes for its grants. See mission & focus areas ↑
How do I apply for a grant from Project 58?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Project 58's EIN?
Project 58's EIN (Employer Identification Number) is 81-2188516. IRS Form 990 filing data is available on this page for 2019–2024.
Does Project 58 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 26, 2020)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Project 58's focus areas in our free grants database
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