Slick Family Foundation

Foundation · Grantmaker Bermuda Run, NC EIN: 31-1500854

Slick Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bermuda Run, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.2M in total assets. In 2024, it awarded 11 grants totaling $585K. Net investment income was $782K.

Key facts about Slick Family Foundation

EIN
31-1500854
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$585,000
Grants made (2024)
11
Average grant
$53,182
Median grant
$5,000
New grantees (estimate)
55% first-time grantees (6 of 11, 2024)
Total assets
$12,234,656
Primary geography
North Carolina (94% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Slick Family Foundation funds

By grant dollars, the top recipient states for Slick Family Foundation's 11 itemized 2024 grants were North Carolina (94%). The most frequent recipient cities were Washington, DC (2 grants). 100% of grants with a stated purpose were for general or operating support.

Is Slick Family Foundation open to new grantees?

55%

first-time grantees, 2024

In 2024, 6 of 11 grantees (55%) were first-time recipients. First grants averaged $92K; repeat grants $7K. How we count

Medians: $8K first-time, $5K repeat.

  • 27% of 2024 grantees were also funded in 2023. Method
  • Giving grew 215% from 2021 to 2024. Method
  • In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.2M

-1.8% YoY

Annual Giving

$585K

-12.0% YoY

Grant Count

11

+10.0% YoY

Avg Grant Size

$53K

-20.0% YoY

Under IRS private-foundation payout rules, Slick Family Foundation reported a distributable amount of $797K for 2024 — the minimum it must pay out in qualifying distributions.

About Slick Family Foundation

Based on IRS filings

Slick Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bermuda Run, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.2M in total assets. In 2024, it awarded 11 grants totaling $585K. Net investment income was $782K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of all 11 itemized 2024 grant dollars.

Cities

Los AngelesRaleighRocky MountSan AntonioPacific PalisadesWashingtonForest KnollsHendersonvilleSanta MonicaWinstonsalemAshevilleChapel HillCoinjockLouisvilleManteoMission HillsNags HeadNewportOremSanta Barbara

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$963K$2M$3M$4M20202021202220232024
Metric202420232022
Total Assets$12,234,656$12,456,994$12,743,115
Revenue$1,753,837$1,078,551$67,908
Expenses$1,271,514$1,320,883$1,061,550
Qualifying Distributions$870,215$930,391$676,777
Net Investment Income$781,562$615,197$332,334
Distributable Amount$797,222$717,704$739,283

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$184K$368K$551K$735K13 grants20205 grants202112 grants202210 grants202311 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Old Salem Museums and Gardens: $500KOld Salem Museums and Gardens$500KRoanoke Island Historical Association: $25KRoanoke Island HistoricalAssociation$25KPalisades-Malibu YMCA: $15KPalisades-Malibu YMCA$15KNC Coastal Federation: $10KNC Coastal Federation$10KFun Run for Charities - North Carolina Community Foundation: $5KFun Run for Charities - NorthCarolina Community Foundation$5KSt Gerard House: $5KSt Gerard House$5KAmerican Red Cross: $5KAmerican Red Cross$5KBrother Wolf Animal Rescue: $5KBrother Wolf Animal Rescue$5KChrysalis: $5KChrysalis$5KMama Hill's Help Inc: $5KMama Hill's Help Inc$5K

Grant Size Distribution

51 grants across all recorded years

36<$50K8$50–100K5$100–250K$250–500K2$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Old Salem Museums and Gardens ($500,000), Roanoke Island Historical Association ($25,000), Palisades-Malibu YMCA ($15,000).

RecipientPurposeAmount
Old Salem Museums and Gardens WinstonSalem, NCGeneral Operation$500,000
Roanoke Island Historical Association Manteo, NCGeneral Operation$25,000
Palisades-Malibu YMCA Pacific Palisades, CAGeneral Operation$15,000
NC Coastal Federation Newport, NCGeneral Operation$10,000
Fun Run for Charities - North Carolina Community Foundation Raleigh, NCGeneral Operation$5,000
St Gerard House Hendersonville, NCGeneral Operation$5,000
American Red Cross Washington, DCGeneral Operation$5,000
Brother Wolf Animal Rescue Asheville, NCGeneral Operation$5,000
Chrysalis Orem, UTGeneral Operation$5,000
Mama Hill's Help Inc Los Angeles, CAGeneral Operation$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

Lynn C Ives — Vice President/Director: $140KLynn C IvesVice President/Director$140KMichelle P Cowell — Vice President/Director: $74KMichelle P CowellVice President/Director$74K

From 2022 IRS filing

NameTitleHoursCompensation
Phyllis S CowellPresident/Director1—
Lynn C IvesVice President/Director20$139,502
Dana W HowardSecretary/Treasurer8—
Michelle P CowellVice President/Director10$73,660
Steven L WallenInvestment Manager/Directo2—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Slick Family Foundation?

Slick Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bermuda Run, NC. It holds $12.2M in total assets as of 2024.

How large is Slick Family Foundation?

As of 2024, Slick Family Foundation holds $12.2M in total assets with $1.8M in annual revenue. It awarded 11 grants totaling $585K in 2024.

Where does Slick Family Foundation operate?

Slick Family Foundation has awarded grants in California, District of Columbia, Kentucky, North Carolina, Texas, Utah.

What size grants does Slick Family Foundation award?

In 2024, Slick Family Foundation awarded 11 grants totaling $585K — an average of about $53K per grant, based on its IRS Form 990 filings.

How much is Slick Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Slick Family Foundation reported a distributable amount of $797K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Slick Family Foundation's EIN?

Slick Family Foundation's EIN (Employer Identification Number) is 31-1500854. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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