The Borden Fund Inc
The Borden Fund Inc is a private foundation based in Goldsboro, North Carolina. In 2025, it made 42 grants totaling $160,900, with most grant dollars going to recipients in North Carolina.
The Borden Fund Inc at a glance
In short: The Borden Fund Inc gave $161K across 42 grants in 2025 (avg $4K), mostly in North Carolina. 14% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $160,900
- +21.0% vs 2024
- Grants made (2025)
- 42
- +7.7% vs 2024
- Average grant
- $3,831
- +12.4% vs 2024
- Median grant
- $2,500
- Total assets
- $1,717,019
- +8.5% vs 2024
- New grantees (estimate)
- 14% first-time grantees (6 of 42, 2025)
- Primary geography
- North Carolina (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Borden Fund Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Po Drawer P, Goldsboro, NC 27533
Phone: (919) 583-8004
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Borden Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Children's Home Society of NC ($25K). Together the top 10 received $102K.
Grant Size Distribution
208 grants across all recorded years
The most common grant size was under $50K: 207 grants of 208 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 92% of grant dollars went to recipients in North Carolina. The remaining shares were Virginia (3%), the District of Columbia (3%), and Georgia (2%); Tennessee accounted for 0%.
Grant Distribution by State
Share of 2025 grant dollars across all 42 itemized grants.
States
Cities
Is The Borden Fund Inc open to new grantees?
14%
first-time grantees, 2025
In 2025, 6 of 42 grantees (14%) were first-time recipients. First grants averaged $5K; repeat grants $4K. How we count
Medians: $4K first-time, $3K repeat.
- 76% of 2025 grantees were also funded in 2024. Method
- Giving grew 48% from 2022 to 2025. Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $82K (2020) to $164K (2023). In 2025 it made 42 grants totaling $161K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Home Society of NC Greensboro, NC | Program Support | $25,100 |
| NC Aquarium Society Raleigh, NC | Program Support | $12,500 |
| Wayne County Development Alliance Goldsboro, NC | Program Support | $12,500 |
| Carolina Performing Arts Chapel Hill, NC | Program Support | $10,000 |
| NC Museum of Art Foundation Raleigh, NC | Program Support | $10,000 |
| United Way-Wayne County Goldsboro, NC | Program Support | $10,000 |
| Downtown Goldsboro Development Corp Goldsboro, NC | Program Support | $6,500 |
| American Red Cross Washington, DC | Program Support | $5,000 |
| The Salvation Army Goldsboro, NC | Program Support | $5,000 |
| Wayne County Boys & Girls Club Goldsboro, NC | Program Support | $5,000 |
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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 | $1,717,019 | $352,277 | $217,691 | $160,900 | 42 | $193,701 | $328,287 | $190,477 |
| 2024 | $1,582,433 | $252,582 | $190,241 | $132,950 | 39 | $165,075 | $227,416 | $180,132 |
| 2023 | $1,520,092 | $251,029 | $214,355 | $163,500 | 39 | $196,005 | $232,679 | $158,656 |
| 2022 | $1,483,418 | $14,925 | $160,924 | $108,635 | 44 | $140,851 | $33,639 | $165,297 |
| 2021 | $1,629,417 | $194,674 | $191,276 | $139,119 | 44 | $171,318 | $174,716 | $173,653 |
| 2020 | $1,626,019 | $119,489 | $138,094 | $82,038 | 43 | — | $95,188 | $139,843 |
| 2019 | $1,644,624 | $266,176 | $137,755 | $88,719 | 41 | — | $249,230 | $131,007 |
Under IRS private-foundation payout rules, The Borden Fund Inc reported a distributable amount of $190K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the fund is provided. Its grants support organizations with varied missions. For example, the Arts Council of Wayne County says its mission is “to promote arts in Wayne County, North Carolina,” while Wayne Opportunity Center says it provides choices through community integration and employment services. The Wayne County Boys & Girls Club describes its role as managing endowment funds for the benefit of the local Boys & Girls Clubs. Other 2024 recipients included a university that describes itself as a Christian faith-based, values-centered institution, and a community soup kitchen that serves weekday meals to people who are hungry and in need.
Grantmaking
In 2025, the fund made 42 grants totaling $160,900. Grants ranged from $100 to $25,100, with a median grant of $2,500. The largest awards included $25,100 to Children’s Home Society of NC, $12,500 each to NC Aquarium Society and Wayne County Development Alliance, and $10,000 each to Carolina Performing Arts, NC Museum of Art Foundation, and United Way-Wayne County. These grants were listed for program support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists W Lee Borden as president and treasurer, Martin W Borden as vice president, and Martha B Roberson as secretary.
The Borden Fund Inc is led by W. Lee Borden, President & Treasurer on every filing since 2019; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
W. Lee Borden
President & Treasurer
On filings since 2019
10 hrs/week
$30K (2019) → $30K (2025)
Martha B. Roberson
Secretary
On filings since 2022
1 hr/week
No compensation reported
Martin W. Borden
Vice President
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Robert H. Borden (2019–2024) — Vice President
- Former: Edwin B. Borden III (2019–2021) — Secretary
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $30K, to W Lee Borden (Pres/Treas).
Frequently asked questions about The Borden Fund Inc
How much does The Borden Fund Inc give each year?
The Borden Fund Inc gave $161K across 42 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $133K across 39 grants.
What is The Borden Fund Inc's typical grant size?
The Borden Fund Inc's median grant in 2025 was $2,500, and its average grant was $3,831, across 42 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Borden Fund Inc that year got $5K on average.
Where does The Borden Fund Inc give grants?
The Borden Fund Inc gives mostly in North Carolina: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Goldsboro, NC (17 grants), Raleigh, NC (8 grants), Chapel Hill, NC (5 grants) and Winchester, VA (2 grants).
Does The Borden Fund Inc give general operating support?
Not in 2025: none of the 42 grants with a stated purpose on The Borden Fund Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (42 grants).
Who are The Borden Fund Inc's largest grantees?
The Borden Fund Inc's largest 2025 grantees include Children's Home Society of NC ($25,100), NC Aquarium Society ($12,500) and Wayne County Development Alliance ($12,500), according to its 2025 IRS Form 990-PF. Together they received 31% of its itemized 2025 grant dollars.
How large is The Borden Fund Inc?
The Borden Fund Inc reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $194K in qualifying distributions that year, against a required minimum of $190K (roughly 5% of its investment assets).
What does The Borden Fund Inc fund?
No mission statement for the fund is provided. Its grants support organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from The Borden Fund Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Does The Borden Fund Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 April 29, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Borden Fund Inc funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/the-borden-fund-inc-morg_4bbcf471e8e7409c9cc0c8a4b61d2fec
BibTeX
@misc{grantable_566045689_2026,
author = {{Grantable}},
title = {{The Borden Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-borden-fund-inc-morg_4bbcf471e8e7409c9cc0c8a4b61d2fec},
note = {Accessed 2026-10-13. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Borden Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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