Re and NC Dungan Foundation Inc
Re and NC Dungan Foundation Inc is a private foundation, based in Durham, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8K in total assets. In 2025, it awarded 3 grants totaling $30K. Net investment income was $5K.
Re and NC Dungan Foundation Inc at a glance
In short: Re and NC Dungan Foundation Inc gave $30K across 3 grants in 2025 (avg $10K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- -62.5% vs 2024
- Grants made (2025)
- 3
- -66.7% vs 2024
- Average grant
- $10,000
- +12.5% vs 2024
- Median grant
- $10,000
- Total assets
- $8,028
- -77.9% vs 2024
- Primary geography
- Virginia (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Re and NC Dungan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Diocese of Virginia ($15K). Together the top 3 received $30K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Re and NC Dungan Foundation Inc gives
- Giving fell 75% from 2022 to 2025. Method
- In 2025 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 2020 to 2025, annual grant giving ranged from $30K (2025) to $150K (2021). In 2025 it made 3 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Diocese of Virginia Richmond, VA | General Support | $15,000 |
| St Luke's Episcopal Church Durham, NC | General Support | $10,000 |
| St Paul's Episcopal Church Visalia, CA | General Support | $5,000 |
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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 | $8,028 | $4,856 | $33,210 | $30,000 | 3 | $33,065 | $4,711 | $1,773 |
| 2024 | $36,382 | $23,355 | $89,275 | $80,000 | 9 | $88,719 | $22,799 | $4,255 |
| 2023 | $102,302 | $7,890 | $79,313 | $70,000 | 8 | $78,458 | $7,035 | $6,770 |
| 2022 | $173,725 | $29,215 | $131,963 | $120,000 | 10 | $127,968 | $27,251 | $11,326 |
| 2021 | $276,769 | $93,164 | $161,397 | $150,000 | 11 | $150,000 | $92,037 | $18,188 |
| 2020 | $343,535 | $66,620 | $80,671 | $70,000 | 9 | — | $56,461 | $18,591 |
Under IRS private-foundation payout rules, Re and NC Dungan Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Re and NC Dungan Foundation Inc is led by Ronald E. Dungan, President-Treasurer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ronald E. Dungan
President-Treasurer
On filings since 2020
1 hr/week
$5K (2021) → $0 (2025)
Cynthia Hatten
Vice President-Secretary
On filings since 2020
1 hr/week
$1K (2021) → $0 (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $5K, to Ronald E Dungan (President-Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Re and NC Dungan Foundation Inc
How much does Re and NC Dungan Foundation Inc give each year?
Re and NC Dungan Foundation Inc gave $30K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $80K across 9 grants.
What is Re and NC Dungan Foundation Inc's typical grant size?
Re and NC Dungan Foundation Inc's median grant in 2025 was $10,000, and its average grant was $10,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Re and NC Dungan Foundation Inc give grants?
Re and NC Dungan Foundation Inc gives mostly in Virginia: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (33%) and California (17%).
Does Re and NC Dungan Foundation Inc give general operating support?
Yes: 100% of Re and NC Dungan Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Re and NC Dungan Foundation Inc?
Re and NC Dungan Foundation Inc reported $8K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Re and NC Dungan Foundation Inc's EIN?
Re and NC Dungan Foundation Inc's EIN (Employer Identification Number) is 54-1429536. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 19, 2026)
- IRS filings on file for fiscal years 2020–2024
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