The Boldon Foundation Inc is a private foundation focused on Education, based in MARION, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $261K in total assets. In 2024, it awarded 8 grants totaling $7K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$261K
+3.6% YoY
Annual Giving
$7K
-6.7% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$868.75
-18.4% YoY
Under IRS private-foundation payout rules, The Boldon Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About The Boldon Foundation Inc
Based on IRS filings
The Boldon Foundation Inc is a private foundation focused on Education, based in MARION, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $261K in total assets. In 2024, it awarded 8 grants totaling $7K. Net investment income was $16K.
Focus Areas
Ready to take the next step with The Boldon Foundation Inc?
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 | $260,913 | $251,835 | $243,016 |
| Revenue | $16,857 | $17,055 | $14,009 |
| Expenses | $7,779 | $8,236 | $10,319 |
| Qualifying Distributions | $7,550 | $8,050 | $10,100 |
| Net Investment Income | $16,257 | $16,455 | $13,409 |
| Distributable Amount | $7,622 | $7,130 | $8,257 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Carson House ($2,250), Mcdowell High School ($2,000), New Hope of Mcdowell Cnty ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MCDOWELL HIGH SCHOOL MARION, NC | EDUCATION/PUBLIC WELL-BEING | $2,000 |
| FIRST METHODIST CHURCH MARION, NC | LOCAL PROJECTS | $300 |
| CARSON HOUSE MARION, NC | LOCAL ENHANCEMENT | $2,250 |
| MCDOWELL COUNTY OP BACKPACK MARION, NC | PUBLIC WELL-BEING | $100 |
| NEW HOPE OF MCDOWELL CNTY MARION, NC | PUBLIC WELL-BEING | $1,000 |
| ROTARY CLUB OF MARION MARION, NC | LOCAL PROJECTS | $100 |
| NEW MANNA BAPTIST CHURCH MARION, NC | LOCAL PROJECTS | $1,000 |
| MCDOWELL COUNTY AG CENTER MARION, NC | LOCAL PROJECTS | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK BOLDON | PRESIDENT | 5 | — |
| DEBRA BOLDON | VICE PRESIDENT | 5 | — |
| COLE CONNER | VICE PRESIDENT | 2 | — |
| JEFFREY L BOLDON | VICE PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Boldon Foundation Inc?
The Boldon Foundation Inc is a private foundation focused on Education, based in MARION, NC. It holds $261K in total assets as of 2024.
How large is The Boldon Foundation Inc?
As of 2024, The Boldon Foundation Inc holds $261K in total assets with $17K in annual revenue. It awarded 8 grants totaling $7K in 2024.
Where does The Boldon Foundation Inc operate?
The Boldon Foundation Inc has awarded grants in North Carolina.
What size grants does The Boldon Foundation Inc award?
In 2024, The Boldon Foundation Inc awarded 8 grants totaling $7K — an average of about $868.75 per grant, based on its IRS Form 990 filings.
How much is The Boldon Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Boldon Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Boldon Foundation Inc'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 April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Boldon Foundation Inc 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 The Boldon Foundation Inc to a real strategy.