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 2020 through 2024. As of 2024, the organization holds $974K in total assets. In 2024, it awarded 11 grants totaling $78K. Net investment income was $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$974K
-8.3% YoY
Annual Giving
$78K
-30.4% YoY
Grant Count
11
-8.3% YoY
Avg Grant Size
$7K
-24.1% YoY
Under IRS private-foundation payout rules, The Betty and Ken Isaac Foundation Inc reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.
About The Betty and Ken Isaac Foundation Inc
Based on IRS filings
The Betty and Ken Isaac Foundation Inc is a private foundation, based in NEWTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $974K in total assets. In 2024, it awarded 11 grants totaling $78K. Net investment income was $28K.
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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 | $974,448 | $1,062,195 | $907,060 |
| Revenue | $-516 | $292,866 | $55,922 |
| Expenses | $87,231 | $137,731 | $50,132 |
| Qualifying Distributions | $86,803 | $137,731 | $50,132 |
| Net Investment Income | $28,117 | $38,800 | $19,281 |
| Distributable Amount | $44,184 | $46,490 | $36,042 |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include NC State University ($25,000), University of North Carolina ($20,000), Lenoir-Thyne University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Lenoir-Thyne University Hickory, NC | Scholarships | $5,000 |
| NC State University Raleigh, NC | Scholarships | $25,000 |
| Gardner-Webb University Boiling Springs, NC | Scholarships | $5,000 |
| University of North Carolina Chapel Hill, NC | Scholarships | $20,000 |
| Appalachian State University Boone, NC | Scholarships | $5,000 |
| Western Carolina University Cullowhee, NC | Scholarships | $5,000 |
| East Carolina University Greenville, NC | Scholarships | $5,000 |
| Cat Co Schools ED FNDT Newton, NC | Scholarships | $2,500 |
| NCCS ED FNDT Newton, NC | Scholarships | $2,500 |
| Elks Lodge Hickory, NC | Scholarships | $150 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Julie D Carroll | President | — | — |
| Billy M Price Jr | Director | — | — |
| Glenn Barger | Director | — | — |
| Robert Mullinax Jr | Secretary | — | — |
| Stephen Busic | Treasurer | — | — |
| Mike Mcree | Director | — | — |
Frequently Asked Questions
How large is The Betty and Ken Isaac Foundation Inc?
As of 2024, The Betty and Ken Isaac Foundation Inc holds $974K in total assets with $-516 in annual revenue. It awarded 11 grants totaling $78K in 2024.
Where does The Betty and Ken Isaac Foundation Inc operate?
The Betty and Ken Isaac Foundation Inc has awarded grants in North Carolina.
What size grants does The Betty and Ken Isaac Foundation Inc award?
In 2024, The Betty and Ken Isaac Foundation Inc awarded 11 grants totaling $78K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Betty and Ken Isaac Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Betty and Ken Isaac Foundation Inc reported a distributable amount of $44K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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