The Cemala Foundation Inc
The Cemala Foundation is a private family foundation based in Greensboro, North Carolina. Chartered in 1986 by Martha and Ceasar Cone II, the foundation began operations in 1994 following the receipt of its initial endowment from Mrs. Cone's estate. The foundation is located at 1175 Revolution Mill Drive, Suite 14 in the historic Revolution Mill in Greensboro.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34.5M
+2.5% YoY
Annual Giving
$1.6M
+27.3% YoY
Grant Count
55
+10.0% YoY
Avg Grant Size
$29K
+15.7% YoY
Mission & Focus Areas
The foundation's primary purpose is to continue a family tradition of commitment to enhancing the quality of life of the community through grants to qualified charitable organizations.
The Cemala Foundation envisions a vibrant and innovative Greensboro that is nationally known as a magnet for individuals, families, and businesses where:
- There is a vibrant economy
- Center City Greensboro is the robust hub of the community with accessible parks and recreation, as well as thriving arts and culture
- Every child is developmentally ready to succeed and thrive in school
- Collaboration and community building are at the forefront of civic engagement
The foundation focuses on three core priority areas:
Early Childhood Development — Early childhood development and education are vital to a child's quality of life and community strength. The foundation supports initiatives that prepare children to be ready to learn, recognizing that 80% of brain growth occurs by age 3 and the first 2,000 days of a child's life are critical to emotional, physical, and mental well-being.
Transformational Spaces and Opportunities — The foundation supports ideas, projects, and efforts to build community, including initiatives that range from the enjoyment of nature and exercise to the learning and enrichment of young people and students, and the growing entertainment and performing arts scene in Greensboro.
Workforce Training — As Greensboro and the region reinvent themselves to accommodate 21st century companies and transition from an economy based on textiles, tobacco, and furniture, the foundation invests in workforce training and development initiatives.
Grantmaking
The Cemala Foundation makes strategic investments in projects compatible with the foundation's vision. The foundation requests that prospective grantees submit a brief letter of inquiry (less than 2 pages) before contacting the foundation. The foundation responds to all specific letters of inquiry but not to general solicitations for funds.
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Geographic Focus
Where this funder awards grants
The Cemala Foundation supports projects that benefit Greensboro or Guilford County, North Carolina. The foundation's charter places no limitation on charitable projects to be undertaken but entrusts the board to respond to changing times and needs.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $34,487,672
- Total Revenue: $5,824,892
- Total Expenses: $2,075,196
- Net Income: $3,749,696
- Net Assets: $32,204,990
- Total Liabilities: $2,280,682
Staffing: The foundation has 2 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,487,672 | $33,639,105 | $31,592,843 |
| Revenue | $5,824,892 | $1,693,708 | $1,941,840 |
| Expenses | $2,075,196 | $2,184,058 | $2,435,043 |
| Qualifying Distributions | $2,153,903 | $1,750,004 | $1,866,362 |
| Net Investment Income | $5,683,791 | $1,604,508 | $1,817,886 |
| Distributable Amount | $1,594,353 | $1,541,010 | $1,606,698 |
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
227 grants across all recorded years
Open Grants
1 open opportunity from The Cemala Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Susan S Schwartz — Executive Director
- Melissa Burroughs — Assistant Secretary and Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK RICHMOND | BOARD CHAIR | 4 | — |
| MERRITT C RICHMOND | VICE CHAIR | 4 | — |
| KIM RICHMOND | SECRETARY | 2 | — |
| ASHLEY CONE | TREASURER | 2 | — |
| BUTCH CONE | DIRECTOR | 2 | — |
| CEASAR CONE III | DIRECTOR | 2 | — |
| EGBERT DAVIS IV | DIRECTOR | 2 | — |
| JOHN CROSS | DICRECTOR | 2 | — |
| LULU PRIDDY | DIRECTOR | 2 | — |
| MARTHA C WRIGHT | DIRECTOR | 2 | — |
| MATTHEW D RICHMOND | DICRECTOR | 2 | — |
| SUSAN SCHWARTZ | EXECUTIVE DIRECTOR | 45 | $195,780 |
| MELISSA BURROUGHS | ASST SECRETARY/TREASURER | 40 | $104,931 |
Recent News & Activity
Recent developments and announcements
The Cemala Foundation funded a collaboration of four organizations to support maternal health and reduce infant mortality in Guilford County. The foundation partnered with Ready for School, Ready for Life to bring a national early childhood initiative to Guilford County. The foundation was honored with a philanthropy award and has provided grants to help nonprofits' employees.
Cemala Foundation funds a collaboration of four organizations to supportThe foundation is a sustaining member of the NC Center for Nonprofits and a funder of the Guilford Nonprofit Consortium.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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