The Boldon Foundation Inc

Foundation · Grantmaker Marion, NC EIN: 56-1852852

EducationReligionHuman services

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.

Key facts about The Boldon Foundation Inc

EIN: 56-1852852
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $6,950
Grants made (2024): 8
Average grant: $869
Median grant: $650
Total assets: $260,913
Primary geography: North Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Boldon Foundation Inc funds

By grant dollars, the top recipient states for The Boldon Foundation Inc's 8 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were Marion, NC (8 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Local Projects" (4 grants).

How The Boldon Foundation Inc gives

Giving fell 22% from 2021 to 2024. Method
In 2024 it paid out 99% 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.

Next steps with The Boldon Foundation Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$261K

+3.6% YoY

Annual Giving

$7K

-6.7% YoY

Grant Count

+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

Focus Areas

EducationReligionHuman services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $7K (100%)

Share of all 8 itemized 2024 grant dollars.

States

North Carolina

Cities

MarionCullowheeNeboWaynesville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include Carson House ($2,250), McDowell High School ($2,000), New Hope of McDowell Cnty ($1,000).

Recipient	Purpose	Amount
CARSON HOUSE Marion, NC	LOCAL ENHANCEMENT	$2,250
MCDOWELL HIGH SCHOOL Marion, NC	EDUCATION/PUBLIC WELL-BEING	$2,000
NEW HOPE OF MCDOWELL CNTY Marion, NC	PUBLIC WELL-BEING	$1,000
NEW MANNA BAPTIST CHURCH Marion, NC	LOCAL PROJECTS	$1,000
FIRST METHODIST CHURCH Marion, NC	LOCAL PROJECTS	$300
MCDOWELL COUNTY AG CENTER Marion, NC	LOCAL PROJECTS	$200
MCDOWELL COUNTY OP BACKPACK Marion, NC	PUBLIC WELL-BEING	$100
ROTARY CLUB OF MARION Marion, NC	LOCAL PROJECTS	$100

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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

EducationReligionHuman services

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.