The Boldon Foundation Inc
The Boldon Foundation Inc is a private foundation focused on Education, based in Marion, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $268K in total assets. In 2025, it awarded 9 grants totaling $7K. Net investment income was $14K.
The Boldon Foundation Inc at a glance
In short: The Boldon Foundation Inc gave $7K across 9 grants in 2025 (avg $772.222), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $6,950
- +0.0% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $772
- -11.1% vs 2024
- Median grant
- $1,000
- Total assets
- $267,936
- +2.7% 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 Boldon Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was McDowell High School ($2K). Together the top 9 received $7K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How The Boldon Foundation Inc gives
- Giving fell 27% from 2022 to 2025. Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $5K (2019) to $10K (2022). In 2025 it made 9 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| McDowell High School Marion, NC | Education/Public Well-Being | $2,000 |
| McDowell Mission Marion, NC | Public Well-Being | $1,000 |
| Friendship Home Marion, NC | Local Projects | $1,000 |
| Battered Women Shelter Marion, NC | Local Projects | $1,000 |
| McDowell Preg Center Marion, NC | Local Projects | $1,000 |
| Freedom Life Marion, NC | Local Projects | $400 |
| First Methodist Church Marion, NC | Local Projects | $300 |
| Carson House Marion, NC | Local Enhancement | $150 |
| McDowell County Op Backpack Marion, NC | Public Well-Being | $100 |
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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 | $267,936 | $14,799 | $7,776 | $6,950 | 9 | $7,550 | $14,199 | $7,969 |
| 2024 | $260,913 | $16,857 | $7,779 | $6,950 | 8 | $7,550 | $16,257 | $7,622 |
| 2023 | $251,835 | $17,055 | $8,236 | $7,450 | 7 | $8,050 | $16,455 | $7,130 |
| 2022 | $243,016 | $14,009 | $10,319 | $9,500 | 11 | $10,100 | $13,409 | $8,257 |
| 2021 | $239,326 | $16,402 | $9,826 | $8,900 | 8 | $9,579 | $15,723 | $10,481 |
| 2020 | $232,750 | $18,339 | $10,401 | $9,410 | 12 | — | $17,739 | $8,972 |
| 2019 | $231,037 | $20,150 | $5,758 | $4,775 | 6 | — | $19,550 | $10,676 |
Under IRS private-foundation payout rules, The Boldon Foundation Inc reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Boldon Foundation Inc is led by Frank Boldon, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frank Boldon
President
On filings since 2019
5 hrs/week
No compensation reported
Debra Boldon
Vice President
On filings since 2019
5 hrs/week
No compensation reported
Cole Conner
Vice President
On filings since 2022
2 hrs/week
No compensation reported
Jeffrey L. Boldon
Vice President
On filings since 2022
2 hrs/week
No compensation reported
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 Boldon Foundation Inc
How much does The Boldon Foundation Inc give each year?
The Boldon Foundation Inc gave $7K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 8 grants.
What is The Boldon Foundation Inc's typical grant size?
The Boldon Foundation Inc's median grant in 2025 was $1,000, and its average grant was $772, across 9 grants on its 2025 IRS Form 990-PF.
Where does The Boldon Foundation Inc give grants?
The Boldon Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Marion, NC (9 grants).
Does The Boldon Foundation Inc give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on The Boldon Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Local Projects" (5 grants).
Who are The Boldon Foundation Inc's largest grantees?
The Boldon Foundation Inc's largest 2025 grantees include McDowell High School ($2,000), McDowell Mission ($1,000) and Friendship Home ($1,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is The Boldon Foundation Inc?
The Boldon Foundation Inc reported $268K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Boldon Foundation Inc?
The Boldon Foundation Inc is a private foundation focused on Education, based in Marion, NC. It holds $268K in total assets as of 2025.
What is The Boldon Foundation Inc's EIN?
The Boldon Foundation Inc's EIN (Employer Identification Number) is 56-1852852. 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
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Boldon Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Boldon Foundation Inc's focus areas in our free grants database
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