Spotswood Charitable Foundation Inc
Spotswood Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOREHEAD CITY, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 42 grants totaling $635K. Net investment income was $689K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.8M
-0.2% YoY
Annual Giving
$635K
-1.6% YoY
Grant Count
42
-14.3% YoY
Avg Grant Size
$15K
+14.8% YoY
Under IRS private-foundation payout rules, Spotswood Charitable Foundation Inc reported a distributable amount of $803K for 2024 — the minimum it must pay out in qualifying distributions.
About Spotswood Charitable Foundation Inc
Based on IRS filings
Spotswood Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOREHEAD CITY, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $8.8M in total assets. In 2024, it awarded 42 grants totaling $635K. Net investment income was $689K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,762,679 | $8,780,375 | — |
| Revenue | $766,378 | $14,622,091 | — |
| Expenses | $782,692 | $739,034 | — |
| Qualifying Distributions | $701,105 | $681,300 | — |
| Net Investment Income | $688,814 | $553,327 | — |
| Distributable Amount | $802,608 | $702,641 | — |
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
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include James 123 Inc ($62,200), Watershed Ministries ($60,000), Feed My Lambs Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN VALUES ACTION RALEIGH, NC | GENERAL CHARITABLE PURPOSES | $500 |
| BEAUFORT BY THE SEA COMMUNITY CHURCH BEAUFORT, NC | GENERAL CHARITABLE PURPOSES | $29,000 |
| BILLY GRAHAM EVANGELISTIC ASSOCIATION CHARLOTTE, NC | GENERAL CHARITABLE PURPOSES | $5,000 |
| BLACK MOUNTAIN WEEKEND RALEIGH, NC | GENERAL CHARITABLE PURPOSES | $2,000 |
| BLUE LETTER BIBLE LAKE FOREST, CA | GENERAL CHARITABLE PURPOSES | $5,000 |
| CAMP ALBEMARLE NEWPORT, NC | GENERAL CHARITABLE PURPOSES | $25,300 |
| CAROLINA EAST FOUNDATION NEW BERN, NC | GENERAL CHARITABLE PURPOSES | $5,000 |
| CARTERET COMMUNITY FOUNDATION MOREHEAD CITY, NC | GENERAL CHARITABLE PURPOSES | $1,105 |
| CENTER FOR CHRISTIANITY AND STUDY CHARLOTTESVILLE, VA | GENERAL CHARITABLE PURPOSES | $10,000 |
| COMMUNITY BIBLE STUDY COLORADO SPRINGS, CO | GENERAL CHARITABLE PURPOSES | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLTON BURNS | DIRECTOR | 12 | $66,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Spotswood Charitable Foundation Inc?
Spotswood Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOREHEAD CITY, NC. It holds $8.8M in total assets as of 2024.
How large is Spotswood Charitable Foundation Inc?
As of 2024, Spotswood Charitable Foundation Inc holds $8.8M in total assets with $766K in annual revenue. It awarded 42 grants totaling $635K in 2024.
Where does Spotswood Charitable Foundation Inc operate?
Spotswood Charitable Foundation Inc has awarded grants in California, Colorado, District of Columbia, Florida, Georgia, North Carolina, New York, Ohio, Oklahoma, Tennessee, Texas, Virginia, Washington.
What size grants does Spotswood Charitable Foundation Inc award?
In 2024, Spotswood Charitable Foundation Inc awarded 42 grants totaling $635K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Spotswood Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Spotswood Charitable Foundation Inc reported a distributable amount of $803K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Spotswood Charitable Foundation Inc's EIN?
Spotswood Charitable Foundation Inc's EIN (Employer Identification Number) is 88-4200099. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Spotswood Charitable 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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