Silverback Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 35 grants totaling $133K. Net investment income was $79K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
-2.6% YoY
Annual Giving
$133K
+6.6% YoY
Grant Count
35
+2.9% YoY
Avg Grant Size
$4K
+3.5% YoY
Under IRS private-foundation payout rules, Silverback Foundation Inc reported a distributable amount of $141K for 2024 — the minimum it must pay out in qualifying distributions.
About Silverback Foundation Inc
Based on IRS filings
Silverback Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 35 grants totaling $133K. Net investment income was $79K.
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 | $4,439,420 | $4,559,367 | $4,613,072 |
| Revenue | $26,691 | $93,269 | $382,921 |
| Expenses | $146,638 | $146,974 | $139,225 |
| Qualifying Distributions | $140,191 | $131,974 | $138,851 |
| Net Investment Income | $78,839 | $88,469 | $382,968 |
| Distributable Amount | $141,163 | $141,772 | $126,004 |
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
172 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Duke Cancer Institute ($25,000), Chatham County Literacy Council Inc ($12,500), Duke Children's Hospital ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN DANCE FESTIVAL DURHAM, NC | GENERAL SUPPORT | $500 |
| CENTER FOR CHILD AND FAMILY HEALTH DURHAM, NC | GENERAL SUPPORT | $2,000 |
| CHATHAM COUNTY LITERACY COUNCIL INC PITTSBORO, NC | GENERAL SUPPORT | $12,500 |
| CHATHAM EDUCATION FOUNDATION PITTSBORO, NC | GENERAL SUPPORT | $3,000 |
| CORA FOOD PANTRY PITTSBORO, NC | GENERAL SUPPORT | $2,000 |
| CORRAL RIDING ACADEMY CARY, NC | GENERAL SUPPORT | $1,500 |
| DUKE CANCER INSTITUTE DURHAM, NC | GENERAL SUPPORT | $25,000 |
| DUKE CHILDREN'S HOSPITAL DURHAM, NC | GENERAL SUPPORT | $10,000 |
| DUKE LEMUR CENTER DURHAM, NC | GENERAL SUPPORT | $1,000 |
| DUKE UNIVERSITY - IRON DUKES FUND DURHAM, NC | GENERAL SUPPORT | $9,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CONNIE NICKELL BOSSEN | PRESIDENT | 1 | — |
| ELLIOT G BOSSEN | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Silverback Foundation Inc?
Silverback Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. It holds $4.4M in total assets as of 2024.
How large is Silverback Foundation Inc?
As of 2024, Silverback Foundation Inc holds $4.4M in total assets with $27K in annual revenue. It awarded 35 grants totaling $133K in 2024.
Where does Silverback Foundation Inc operate?
Silverback Foundation Inc has awarded grants in California, District of Columbia, Florida, Indiana, Massachusetts, North Carolina, New York, Virginia.
What size grants does Silverback Foundation Inc award?
In 2024, Silverback Foundation Inc awarded 35 grants totaling $133K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Silverback Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Silverback Foundation Inc reported a distributable amount of $141K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Silverback Foundation Inc's EIN?
Silverback Foundation Inc's EIN (Employer Identification Number) is 83-0380210. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Silverback Foundation Inc'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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