The Borden Fund Inc is a private foundation focused on Education, based in GOLDSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 39 grants totaling $133K. Net investment income was $227K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+4.1% YoY
Annual Giving
$133K
-18.7% YoY
Grant Count
39
+0.0% YoY
Avg Grant Size
$3K
-18.7% YoY
Under IRS private-foundation payout rules, The Borden Fund Inc reported a distributable amount of $180K for 2024 — the minimum it must pay out in qualifying distributions.
About The Borden Fund Inc
Based on IRS filings
The Borden Fund Inc is a private foundation focused on Education, based in GOLDSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 39 grants totaling $133K. Net investment income was $227K.
Focus Areas
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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 | $1,582,433 | $1,520,092 | $1,483,418 |
| Revenue | $252,582 | $251,029 | $14,925 |
| Expenses | $190,241 | $214,355 | $160,924 |
| Qualifying Distributions | $165,075 | $196,005 | $140,851 |
| Net Investment Income | $227,416 | $232,679 | $33,639 |
| Distributable Amount | $180,132 | $158,656 | $165,297 |
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
209 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Stephen's Episcopal Church ($26,500), Arts Council of Wayne County ($12,500), United Way-wayne County ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY ATLANTA, GA | PROGRAM SUPPORT | $2,500 |
| AMERICAN RED CROSS WASHINGTON, DC | PROGRAM SUPPORT | $7,500 |
| ARTS COUNCIL OF WAYNE COUNTY GOLDSBORO, NC | PROGRAM SUPPORT | $12,500 |
| ASHEVILLE SCHOOL ASHEVILLE, NC | PROGRAM SUPPORT | $2,000 |
| BOY SCOUTS-TUSCARORA GOLDSBORO, NC | PROGRAM SUPPORT | $3,750 |
| CAROLINA PUBLIC HUMANITIES CHAPEL HILL, NC | PROGRAM SUPPORT | $2,500 |
| CHILDREN'S HOME SOCIETY OF NC GREENSBORO, NC | PROGRAM SUPPORT | $100 |
| COMMUNITIES SUPPORTING SCHOOLS GOLDSBORO, NC | PROGRAM SUPPORT | $1,000 |
| COMMUNITY SOUP KITCHEN GOLDSBORO, NC | PROGRAM SUPPORT | $2,500 |
| CRIMESTOPPERS GOLDSBORO, NC | PROGRAM SUPPORT | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W LEE BORDEN | PRES/TREAS | 10 | $30,000 |
| ROBERT H BORDEN | VICE PRES | 1 | — |
| MARTHA B ROBERSON | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Borden Fund Inc?
The Borden Fund Inc is a private foundation focused on Education, based in GOLDSBORO, NC. It holds $1.6M in total assets as of 2024.
How large is The Borden Fund Inc?
As of 2024, The Borden Fund Inc holds $1.6M in total assets with $253K in annual revenue. It awarded 39 grants totaling $133K in 2024.
Where does The Borden Fund Inc operate?
The Borden Fund Inc has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Missouri, North Carolina, New York, South Carolina, Tennessee, Virginia.
What size grants does The Borden Fund Inc award?
In 2024, The Borden Fund Inc awarded 39 grants totaling $133K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Borden Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Borden Fund Inc reported a distributable amount of $180K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Borden Fund Inc's EIN?
The Borden Fund Inc's EIN (Employer Identification Number) is 56-6045689. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Borden Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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