The E Merle & Ollie W Edwards Fou
The E Merle & Ollie W Edwards Fou is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KINSTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 11 grants totaling $50K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-5.0% YoY
Annual Giving
$50K
-2.0% YoY
Grant Count
11
+83.3% YoY
Avg Grant Size
$5K
-46.5% YoY
Under IRS private-foundation payout rules, The E Merle & Ollie W Edwards Fou reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About The E Merle & Ollie W Edwards Fou
Based on IRS filings
The E Merle & Ollie W Edwards Fou is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KINSTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 11 grants totaling $50K. Net investment income was $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,072,257 | $1,128,139 | $1,186,641 |
| Revenue | $118 | $14,998 | $195,947 |
| Expenses | $56,000 | $73,500 | $60,441 |
| Qualifying Distributions | $50,000 | $51,000 | $60,000 |
| Net Investment Income | $2,918 | — | $183,665 |
| Distributable Amount | $30,242 | $4,613 | $26,942 |
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
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Meredith College ($25,000), Hope Preparatory School ($8,500), The Nc Marine and Estuary Foundatio ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NC FAMILY POLICY COUNCIL RALEIGH, NC | CHARITABLE | $1,000 |
| THE NC MARINE AND ESTUARY FOUNDATIO RALEIGH, NC | CHARITABLE | $5,000 |
| BLADEN WE CARE ELIZABETHTOWN, NC | CHARITABLE | $500 |
| MEREDITH COLLEGE RALEIGH, NC | CHARITABLE | $25,000 |
| ST PAUL'S EPISCOPAL CHURCH GREENVILLE, NC | CHARITABLE | $1,000 |
| HOPE PREPARATORY SCHOOL KINSTON, NC | CHARITABLE | $8,500 |
| PINETOPS UNITED METHODIST MEN PINETOPS, NC | CHARITABLE | $1,000 |
| HISTORICAL & GENEALOGICAL SOCIETY ENGLEHARD, NC | CHARITABLE | $1,000 |
| CARTERET COMMUNITY THEATER MOREHEAD CITY, NC | CHARITABLE | $1,000 |
| NC COASTAL LAND TRUST WILMINGTON, NC | CHARITABLE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS L EDWARDS | PRESIDENT | — | — |
| STUART M EDWARDS | DIRECTOR | — | — |
| MERLE W EDWARDS | VICE PRES | — | — |
| EDWIN M EDWARDS | DIRECTOR | — | — |
| DAVID C EDWARDS | SECT/TREAS | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The E Merle & Ollie W Edwards Fou?
The E Merle & Ollie W Edwards Fou is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KINSTON, NC. It holds $1.1M in total assets as of 2024.
How large is The E Merle & Ollie W Edwards Fou?
As of 2024, The E Merle & Ollie W Edwards Fou holds $1.1M in total assets with $118 in annual revenue. It awarded 11 grants totaling $50K in 2024.
Where does The E Merle & Ollie W Edwards Fou operate?
The E Merle & Ollie W Edwards Fou has awarded grants in Massachusetts, North Carolina, Texas.
What size grants does The E Merle & Ollie W Edwards Fou award?
In 2024, The E Merle & Ollie W Edwards Fou awarded 11 grants totaling $50K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The E Merle & Ollie W Edwards Fou required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The E Merle & Ollie W Edwards Fou reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The E Merle & Ollie W Edwards Fou's EIN?
The E Merle & Ollie W Edwards Fou's EIN (Employer Identification Number) is 56-2166688. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.