The Betty and Ken Isaac Foundation Inc
The Betty and Ken Isaac Foundation Inc is a private foundation, based in Newton, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $848K in total assets. In 2025, it awarded 7 grants totaling $90K. Net investment income was $31K.
The Betty and Ken Isaac Foundation Inc at a glance
In short: The Betty and Ken Isaac Foundation Inc gave $90K across 7 grants in 2025 (avg $13K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $90,000
- +15.6% vs 2024
- Grants made (2025)
- 7
- -36.4% vs 2024
- Average grant
- $12,857
- +81.6% vs 2024
- Median grant
- $10,000
- Total assets
- $848,195
- -13.0% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Betty and Ken Isaac Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was NC State University ($25K). Together the top 6 received $80K.
Organizations only. It also paid 1 individual scholarship ($10,000), which are not listed by name.
Grant Size Distribution
73 grants across all recorded years
The most common grant size was under $50K: 73 grants of 73 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How The Betty and Ken Isaac Foundation Inc gives
- Giving grew 88% from 2022 to 2025. Method
- In 2025 it paid out 239% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $48K (2022) to $112K (2023). In 2025 it made 7 grants totaling $90K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NC State University Raleigh, NC | Scholarships | $25,000 |
| University of North Carolina Chapel Hill, NC | Scholarships | $25,000 |
| Western Carolina University Cullowhee, NC | Scholarships | $15,000 |
| 1 individual scholarship Recipients not named | — | $10,000 |
| Garner Webb University Boiling Springs, NC | Scholarships | $5,000 |
| Appalachian State University Boone, NC | Scholarships | $5,000 |
| High Point University High Point, NC | Scholarships | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $848,195 | $-16,886 | $109,367 | $90,000 | 7 | $109,129 | $30,864 | $45,661 |
| 2024 | $974,448 | $-516 | $87,231 | $77,863 | 11 | $86,803 | $28,117 | $44,184 |
| 2023 | $1,062,195 | $292,866 | $137,731 | $111,875 | 12 | $137,731 | $38,800 | $46,490 |
| 2022 | $907,060 | $55,922 | $50,132 | $47,920 | 20 | $50,132 | $19,281 | $36,042 |
| 2021 | $901,269 | $18,570 | $95,667 | $94,120 | 23 | $95,667 | $20,934 | $52,150 |
| 2020 | $978,366 | $62,331 | $96,461 | $92,265 | 19 | — | $2,331 | $43,211 |
| 2019 | $1,012,496 | $65,136 | $59,581 | $57,420 | 15 | — | $5,136 | $44,651 |
Under IRS private-foundation payout rules, The Betty and Ken Isaac Foundation Inc reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Betty and Ken Isaac Foundation Inc is led by Julie D. Carroll, President since 2024 (on filings since 2019); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Julie D. Carroll
President
Vice Presidentsecretary → Vice President, 2023
Vice President → President, 2024
On filings since 2019
1 hr/week
No compensation reported
Mike McRee
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Billy M Price Jr.
Director
On filings since 2020
0.5 hrs/week
No compensation reported
ROBERT MULLINAX Jr.
Secretary
Director → Secretary, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Stephen Busic
Treasurer
Director → Treasurer, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Glenn Barger (2019–2024) — Director
- Former: Betty D Isaac (2019–2023) — President
- Former: Ned M. Jarrett (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "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 The Betty and Ken Isaac Foundation Inc
How much does The Betty and Ken Isaac Foundation Inc give each year?
The Betty and Ken Isaac Foundation Inc gave $90K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $78K across 11 grants.
What is The Betty and Ken Isaac Foundation Inc's typical grant size?
The Betty and Ken Isaac Foundation Inc's median grant in 2025 was $10,000, and its average grant was $12,857, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Betty and Ken Isaac Foundation Inc give grants?
The Betty and Ken Isaac Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Betty and Ken Isaac Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on The Betty and Ken Isaac Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (7 grants).
Who are The Betty and Ken Isaac Foundation Inc's largest grantees?
The Betty and Ken Isaac Foundation Inc's largest 2025 grantees include NC State University ($25,000), University of North Carolina ($25,000) and Western Carolina University ($15,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($10,000), which are not listed by name. Together they received 72% of its itemized 2025 grant dollars.
How large is The Betty and Ken Isaac Foundation Inc?
The Betty and Ken Isaac Foundation Inc reported $848K in total assets on its 2025 IRS Form 990-PF. It paid out $109K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
What is The Betty and Ken Isaac Foundation Inc's EIN?
The Betty and Ken Isaac Foundation Inc's EIN (Employer Identification Number) is 56-1875423. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 19, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 15, 2025)
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