Rust Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUMBERTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 7 grants totaling $136K. Net investment income was $147K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
+445531.4% YoY
Annual Giving
$136K
Grant Count
7
Avg Grant Size
$19K
Under IRS private-foundation payout rules, Rust Family Foundation reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.
About Rust Family Foundation
Based on IRS filings
Rust Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUMBERTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 7 grants totaling $136K. Net investment income was $147K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,153,285 | $932 | $1,757 |
| Revenue | $4,455,043 | — | — |
| Expenses | $302,690 | $825 | — |
| Qualifying Distributions | $136,000 | — | — |
| Net Investment Income | $146,660 | — | — |
| Distributable Amount | $87,662 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Overflow Foundation ($50,000), Breeches Buoy ($40,000), Pure Water Initiative ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Overflow Foundation Aiken, SC | General Donation | $50,000 |
| Good Faith Media Norman, OK | General Donation | $6,000 |
| Breeches Buoy Lumberton, NC | General Donation | $40,000 |
| Robeson County Church and Community Center Lumberton, NC | General Donation | $10,000 |
| Grandin Court Baptist Church Roanoke, VA | General Donation | $5,000 |
| Parable Media Raleigh, NC | General Donation | $10,000 |
| Pure Water Initiative Marietta, GA | General Donation | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kenneth Rust | President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rust Family Foundation?
Rust Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUMBERTON, NC. It holds $4.2M in total assets as of 2024.
How large is Rust Family Foundation?
As of 2024, Rust Family Foundation holds $4.2M in total assets with $4.5M in annual revenue. It awarded 7 grants totaling $136K in 2024.
Where does Rust Family Foundation operate?
Rust Family Foundation has awarded grants in Georgia, North Carolina, Oklahoma, South Carolina, Virginia.
What size grants does Rust Family Foundation award?
In 2024, Rust Family Foundation awarded 7 grants totaling $136K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Rust Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rust Family Foundation reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rust Family Foundation's EIN?
Rust Family Foundation's EIN (Employer Identification Number) is 20-4631229. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rust Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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