Simpson Foundation
Simpson Foundation is a private foundation, based in Morganton, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 1 grant totaling $400. Net investment income was $91.
Key facts about Simpson Foundation
In short: Simpson Foundation gave $400 across 1 grant in 2024 (avg $400), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- EIN
- 56-6244644
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $400
- Grants made (2024)
- 1
- Average grant
- $400
- Median grant
- $400
- Total assets
- $7,159
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7K
-4.1% YoY
Annual Giving
$400
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$400
+0.0% YoY
Under IRS private-foundation payout rules, Simpson Foundation reported a distributable amount of $269 for 2024 — the minimum it must pay out in qualifying distributions.
How Simpson Foundation gives
- Giving fell 43% from 2021 to 2024. Method
- In 2024 it paid out 149% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BURKE COUNTY Morganton, NC | BURKE COUNTY NEEDS | $400 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,159 | $7,468 | $9,102 |
| Revenue | $241 | $218 | $204 |
| Expenses | $550 | $1,852 | $3,900 |
| Qualifying Distributions | $400 | $400 | $450 |
| Net Investment Income | $91 | $67 | $54 |
| Distributable Amount | $269 | $346 | $436 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Simpson Foundation is led by James Reid Simpson II, Chairman on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
James Reid Simpson II
Chairman
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Simpson Foundation
How much does Simpson Foundation give each year?
Simpson Foundation gave $400 across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $400 across 1 grant.
How large is Simpson Foundation?
Simpson Foundation reported $7K in total assets on its 2024 IRS Form 990-PF. It paid out $400 in qualifying distributions that year, against a required minimum of $269 (roughly 5% of its investment assets).
Where does Simpson Foundation operate?
Simpson Foundation has awarded grants in North Carolina.
What is Simpson Foundation's EIN?
Simpson Foundation's EIN (Employer Identification Number) is 56-6244644. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Simpson Foundation by hand.
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