The Cemala Foundation Inc logo

The Cemala Foundation Inc

GREENSBORO, NC EIN: 56-1528982 Website

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

4states

Cities

AshevilleBostonChapel HillCharlotteDallasGreensboroHigh PointJamestownMorrisvilleOak RidgeRaleighSalisburySan FranciscoThomasvilleWinstonsalem

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.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$3M$5M$6M20202021202220232024
Metric202420232022
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

$0$482K$964K$1M$2M38 grants202052 grants202139 grants202250 grants202355 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

READY FOR SCHOOL READY F…$210KACTION GREENBSORO$139KMIRIAM P BRENNER CHILDRE…$135KGREENSBORO CHAMBER OF CO…$125KUNC GREENSBORO EXCELLENC…$75KUNC GREENSBORO COLLEGE O…$70KGREENSBORO SYMPHONY ORCH…$63KUNCG-CENTER FOR YOUTH FA…$44KGUILFORD EDUCATION ALLIA…$40KARTS COUNCIL OF GREATER …$35K

Grant Size Distribution

227 grants across all recorded years

186<$50K20$50–100K17$100–250K4$250–500K$500K–1M$1–5M$5M+

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

SUSAN SCHWARTZEXECUTIVE DIRECTOR$196KMELISSA BURROUGHSASST SECRETARY/TREASURER$105K

From 2024 filing

NameTitleHoursCompensation
JACK RICHMONDBOARD CHAIR4
MERRITT C RICHMONDVICE CHAIR4
KIM RICHMONDSECRETARY2
ASHLEY CONETREASURER2
BUTCH CONEDIRECTOR2
CEASAR CONE IIIDIRECTOR2
EGBERT DAVIS IVDIRECTOR2
JOHN CROSSDICRECTOR2
LULU PRIDDYDIRECTOR2
MARTHA C WRIGHTDIRECTOR2
MATTHEW D RICHMONDDICRECTOR2
SUSAN SCHWARTZEXECUTIVE DIRECTOR45$195,780
MELISSA BURROUGHSASST SECRETARY/TREASURER40$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 support

The foundation is a sustaining member of the NC Center for Nonprofits and a funder of the Guilford Nonprofit Consortium.

CEMALA GRANTS HELP NONPROFITS' EMPLOYEES

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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