State Employees Credit Union Foundation
The State Employees Credit Union Foundation is a 501(c)(3) private operating foundation established in 2001 and based in Raleigh, North Carolina. Founded by the State Employees' Credit Union Board of Directors, it has become the largest charitable foundation in the credit union industry. The Foundation operates as a vehicle to identify and address community needs through the collective power of credit union members, guided by the credit union philosophy of "People Helping People."
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$68.8M
+4.8% YoY
Annual Giving
$17.3M
+16.5% YoY
Grant Count
1,788
-0.9% YoY
Avg Grant Size
$10K
+17.6% YoY
Under IRS private-foundation payout rules, State Employees Credit Union Foundation reported a distributable amount of $3.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's mission centers on promoting local community development primarily through high-impact projects in the following areas:
- Education — Including scholarships for high school students pursuing higher education
- Housing — Supporting housing initiatives and community development
- Healthcare — Funding health-related programs and services
- Human Services — Supporting organizations serving vulnerable populations
Grantmaking
The Foundation has demonstrated significant commitment to disaster relief, donating nearly $9 million to non-profit organizations helping Western North Carolina communities impacted by Hurricane Helene. Since 2016, the Foundation has supported disaster relief efforts across the state.
Grant Range
s & Types:**
Review Cycle
(January and July decision periods)
Ready to take the next step with State Employees Credit Union Foundation?
Geographic Focus
Where this funder awards grants
The Foundation focuses exclusively on North Carolina, with funding reaching all 100 counties throughout the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of June 2024):
- Total assets: $68,813,720
- Total revenues: $20,943,160
- Total expenses: $17,181,311
- Total giving: $17,312,231
Historical Growth: The Foundation's assets have grown significantly since inception, from $33 million in June 2013 to $68.8 million in June 2024.
Funding Source: The Foundation generates approximately $20 million annually through the reallocation of members' $1 monthly checking account maintenance fee, with over 99% member participation.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $68,813,720 | $65,685,078 | $60,769,200 |
| Revenue | $20,943,160 | $20,266,593 | $19,356,032 |
| Expenses | $17,181,311 | $21,784,040 | $18,183,066 |
| Qualifying Distributions | $22,229,320 | $15,086,144 | $13,453,772 |
| Net Investment Income | $824,225 | $469,736 | $207,603 |
| Distributable Amount | $3,493,531 | $4,255,448 | $4,556,835 |
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
200 grants across all recorded years
Open Grants
1 open opportunity from State Employees Credit Union Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Taylor Elizabeth Harris ($1,250), Mario Sergio Rodriguez Padron ($1,250), Marilynn Kristine Salas ($1,250).
| Recipient | Purpose | Amount |
|---|---|---|
| TAYLOR ELIZABETH HARRIS CHARLOTTE, NC | SCHOLARSHIP | $1,250 |
| MARIO SERGIO RODRIGUEZ PADRON RALEIGH, NC | SCHOLARSHIP | $1,250 |
| MARILYNN KRISTINE SALAS POLKTON, NC | SCHOLARSHIP | $1,250 |
| LILLIAN JANE STARNES DALLAS, NC | SCHOLARSHIP | $1,250 |
| LEAH BETH WARREN GREENVILLE, NC | SCHOLARSHIP | $1,250 |
| MARY KATHERINE THOMPSON CHAPEL HILL, NC | SCHOLARSHIP | $1,250 |
| GRACE DONNA MARIE DESEVE WILMINGTON, NC | SCHOLARSHIP | $1,250 |
| ZION NACHALA SELLERS PEMBROKE, NC | SCHOLARSHIP | $1,250 |
| MEGHAN ELIZABETH HUNT DALLAS, NC | SCHOLARSHIP | $1,250 |
| ABIGAIL ELIZABETH HAGER RALEIGH, NC | SCHOLARSHIP | $1,250 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Jama Campbell — Executive Director
- Bob Brinson — Chair
- Chris Ayers — Vice Chair
- Alice Garland — Secretary/Treasurer
- Directors: J Lee Brown III, Karan Bunn, Mark Fleming, Jennifer Haygood, Ben McLawhorn, Brad McMillen, Mona Moon, Thomas Parrish IV
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMA CAMPBELL | EXECUTIVE DIRECTOR | 40 | — |
| CHRIS AYERS | CHAIR | 1 | — |
| MONA MOON | VICE CHAIR | 1 | — |
| STELFANIE WILLIAMS | SECRETARY/TREASURER | 1 | — |
| ALICE GARLAND | SECRETARY/TREASURER (THRU 10/10/23) | 1 | — |
| BARBARA PERKINS | DIRECTOR | 1 | — |
| BEN MCLAWHORN | DIRECTOR | 1 | — |
| BOB BRINSON | DIRECTOR | 1 | — |
| BRAD MCMILLEN | DIRECTOR | 1 | — |
| CHUCK STONE | DIRECTOR | 1 | — |
| J LEE BROWN III | DIRECTOR | 1 | — |
| JENNIFER HAYGOOD | DIRECTOR | 1 | — |
| JO ANNE SANFORD | DIRECTOR (THRU 10/10/23) | 1 | — |
| MARK FLEMING | DIRECTOR | 1 | — |
| MCKINLEY WOOTEN JR | DIRECTOR | 1 | — |
| MICHAEL CLEMENTS | DIRECTOR | 1 | — |
| THOMAS PARRISH IV | DIRECTOR (THRU 10/10/23) | 1 | — |
Recent News & Activity
Recent developments and announcements
**2024-2025:** Released annual video highlighting projects supported during this period
**2024:** Awarded $9 million in grants to 23 North Carolina non-profits
$9 Million in Grants Awarded to 23 North Carolina**2024:** Donated $3.75 million to Western North Carolina communities following Hurricane Helene
$9 Million in Grants Awarded to 23 North Carolina**Ongoing:** Provides 4-year scholarships to support eligible high school students seeking higher education
Contact Information
- Website: www.ncsecufoundation.org
- Email: secufoundation@ncsecu.org
- Phone: 919-839-5000
- Mailing Address: SECU Foundation, PO Box 25966, Raleigh, NC 27611-5966
- Physical Address: 119 N Salisbury Street, 11th Floor, Raleigh, NC 27603-1739
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does State Employees Credit Union Foundation fund?
The Foundation's mission centers on promoting local community development primarily through high-impact projects in the following areas: • **Education** — Including scholarships for high school students pursuing higher education • **Housing** — Supporting housing initiatives and community development • **Healthcare** — Funding health-related programs and services • **Human Services** — Supporting organizations serving vulnerable populations
How do I apply for a grant from State Employees Credit Union Foundation?
**Grant Ranges & Types:** • Typical grant awards range from $40,000 to $2,000,000+ • Median grant amount: $2,500 • Maximum grant awards: $1,000,000 • Capital grants fund tangible, permanent, and visible projects **Application & Decision Process:** • Semi-annual grant cycles (January and July decision periods) • Approximately 3-month decision timeline • Grants portal available on the Foundation's website **Recent Grant Activity:** • Total annual giving: approximately $23 million (FY 2024) • Made…
Where does State Employees Credit Union Foundation make grants?
The Foundation focuses exclusively on North Carolina, with funding reaching all 100 counties throughout the state.
What size grants does State Employees Credit Union Foundation award?
In 2024, State Employees Credit Union Foundation awarded 1,788 grants totaling $17.3M — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is State Employees Credit Union Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, State Employees Credit Union Foundation reported a distributable amount of $3.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is State Employees Credit Union Foundation's EIN?
State Employees Credit Union Foundation's EIN (Employer Identification Number) is 56-2255292. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in State Employees Credit Union Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Flow Foundation Inc
WINSTONSALEM, NC
Assets
$395K
Grants
53
Total Given
$1.5M
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with State Employees Credit Union Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching State Employees Credit Union Foundation to a real strategy.