Richmond Community Foundation

CHARLOTTE, NC EIN: 56-2168849 Website

Richmond Community Foundation is a private foundation based in Charlotte, North Carolina, designated as a 501(c)(3) organization. The foundation has been tax-exempt since January 2002. It operates as a corporate foundation focused on grantmaking and philanthropy within North Carolina.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$36.3M

+6.3% YoY

Annual Giving

$1.7M

+20.4% YoY

Grant Count

+6.7% YoY

Avg Grant Size

$108K

+12.9% YoY

Under IRS private-foundation payout rules, Richmond Community Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation does not have a specified focus on particular subject areas, indicating a broad philanthropic scope. Based on recent grant activity, the foundation supports organizations across multiple sectors including education, human services, healthcare, and community development.

Grantmaking

The foundation accepts applications and is open to new applicants.

Grant Range

(2024): $49,000

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Geographic Focus

Where this funder awards grants

The foundation focuses its funding efforts within North Carolina, specifically in the following cities and areas:

Charlotte
Hamlet
Morrisville
Pinehurst
Raleigh
Rockingham
Salisbury
Southern Pines

Grant Distribution by State

North Carolina $7.3M (100%)

States

North Carolina

Cities

AberdeenAlbemarleCharlotteEllerbeHamletMorrisvillePinehurstRaleighRockinghamSalisburySouthern PinesThomasville

Financial History

Multi-year comparison from IRS filings

Assets & Revenue:

Total assets (2024): $36,341,510
Total assets (2023): $34,189,042
Total revenue (2024): $1,984,477
Total revenue (2023): $968,243
Total expenses (2024): $2,683,166
Total expenses (2023): $1,171,508
Total liabilities (2023): $214,000

The foundation has experienced asset growth of approximately 2.6% from the previous year.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$36,341,510	$34,189,042	$31,514,155
Revenue	$1,984,477	$968,243	$406,745
Expenses	$2,683,166	$1,171,508	$1,485,144
Qualifying Distributions	$1,955,830	$1,634,767	$1,164,667
Net Investment Income	$1,729,347	$755,626	$331,216
Distributable Amount	$1,758,798	$1,628,288	$1,661,648

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

63 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Firsthealth of the Carolinas Inc ($477,334), Leak Street Alumni Inc ($396,240), City of Hamlet ($210,000).

Recipient	Purpose	Amount
BAPTIST CHILDREN'S HOMES OF NORTH CAROLINA INC THOMASVILLE, NC	GENERAL SUPPORT	$1,500
BOY SCOUTS OF AMERICA - CENTRAL NC COUNCIL ALBEMARLE, NC	GENERAL SUPPORT	$5,000
CITY OF HAMLET HAMLET, NC	GENERAL SUPPORT	$210,000
FIRSTHEALTH OF THE CAROLINAS INC ROCKINGHAM, NC	GENERAL SUPPORT	$477,334
FOUNDATION OF FIRSTHEALTH INC PINEHURST, NC	GENERAL SUPPORT	$200,000
HABITAT FOR HUMANITY OF THE NC SANDHILLS INC ABERDEEN, NC	GENERAL SUPPORT	$100,000
HAMLET HISTORIC DEPOT INC HAMLET, NC	GENERAL SUPPORT	$80,000
HOSPITALITY HOUSE OF CHARLOTTE CHARLOTTE, NC	GENERAL SUPPORT	$25,000
HYGIENE BOX INC CHARLOTTE, NC	GENERAL SUPPORT	$3,000
LEAK STREET ALUMNI INC ROCKINGHAM, NC	GENERAL SUPPORT	$396,240

Leadership & Key People

Leadership team and compensation from IRS filings

Board Members:

Frank Jenkins (Chair)
Bruce Stanback
David Wood
Jan Stivers
John Jackson
Paul Smart
Sylvia Ballard

All board members serve without compensation.

Staff:

Jim Becker, President and Chief Executive Officer
Alyssa Federico, Chief Financial Officer
Rosalind Mays Welch, Senior Director of Marketing and Development
Katrina Hollins, Human Resources Director
Taylor Sims, Senior Director, Equity for Black Women and Girls

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BRUCE STANBACK	MEMBER	1	—
DAVID WOOD	MEMBER	1	—
FRANK JENKINS	CHAIR	1	—
JAN STIVERS	MEMBER	1	—
JOHN JACKSON	MEMBER	1	—
PAUL SMART	MEMBER	1	—
SYLVIA BALLARD	MEMBER	1	—
BILL WEBB	MEMBER	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Richmond Community Foundation fund?

How do I apply for a grant from Richmond Community Foundation?

**Grant Activity & Amounts:** • Total giving in 2024: $1,735,574 • Total giving in 2023: $965,000 • Typical award range: $1,000–$605,000 • Median grant size (2024): $49,000 • Number of grants (2024): 15 grants **Recent Grant Recipients (2023-2024):** • FirstHealth of the Carolinas: $477,334 (General Support) • Leak Street Alumni: $396,240 (General Support) • Hamlet City Lake Fund: $210,000 (General Support) • Foundation of FirstHealth Inc: $400,000 (General Support) • Discovery Place Inc: $300,…

Where does Richmond Community Foundation make grants?

The foundation focuses its funding efforts within North Carolina, specifically in the following cities and areas: • Charlotte • Hamlet • Morrisville • Pinehurst • Raleigh • Rockingham • Salisbury • Southern Pines

What size grants does Richmond Community Foundation award?

In 2024, Richmond Community Foundation awarded 16 grants totaling $1.7M — an average of about $108K per grant, based on its IRS Form 990 filings.

How much is Richmond Community Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richmond Community Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.