The Eason Foundation
The Eason Foundation is a private foundation, based in Durham, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $230K in total assets. In 2025, it awarded 4 grants totaling $38K.
The Eason Foundation at a glance
In short: The Eason Foundation gave $38K across 4 grants in 2025 (avg $9K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $37,500
- -28.6% vs 2024
- Grants made (2025)
- 4
- -69.2% vs 2024
- Average grant
- $9,375
- +132.1% vs 2024
- Median grant
- $7,500
- Total assets
- $229,910
- +107.9% vs 2024
- Primary geography
- North Carolina (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Eason Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Durham Nativity School ($18K). Together the top 4 received $38K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 36 grants of 37 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How The Eason Foundation gives
- Giving fell 51% from 2022 to 2025. Method
- In 2025 it paid out 447% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $21K (2023) to $102K (2021). In 2025 it made 4 grants totaling $38K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Durham Nativity School Durham, NC | General | $17,500 |
| Urban Ministries of Durham Durham, NC | General | $10,000 |
| Aware Affairs Dallas, TX | General | $5,000 |
| Roaring Gap Foundation Roaring Gap, NC | Genreal | $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 | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $229,910 | $158,668 | $80,350 | $37,500 | 4 | $37,500 | $8,385 |
| 2024 | $110,592 | $103,338 | $53,900 | $52,500 | 13 | $52,500 | $4,229 |
| 2023 | $61,154 | $27,831 | $23,000 | $21,000 | 3 | $21,000 | $3,225 |
| 2022 | $56,323 | $97,686 | $76,325 | $76,250 | 7 | $76,250 | $2,252 |
| 2021 | $35,124 | $83,244 | $103,800 | $102,000 | 10 | $102,000 | $2,232 |
| 2020 | $54,030 | $89,370 | $101,550 | $99,500 | 10 | — | $2,935 |
Under IRS private-foundation payout rules, The Eason Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Eason Foundation is led by Stephen A. Eason, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Stephen A. Eason
President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Eason Foundation
How much does The Eason Foundation give each year?
The Eason Foundation gave $38K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $53K across 13 grants.
What is The Eason Foundation's typical grant size?
The Eason Foundation's median grant in 2025 was $7,500, and its average grant was $9,375, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Eason Foundation give grants?
The Eason Foundation gives mostly in North Carolina: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Texas (13%). The most frequent recipient cities were Durham, NC (2 grants).
Does The Eason Foundation give general operating support?
Yes: 75% of The Eason Foundation's 2025 grants with a stated purpose (3 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is The Eason Foundation?
The Eason Foundation reported $230K in total assets on its 2025 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
What is The Eason Foundation's EIN?
The Eason Foundation's EIN (Employer Identification Number) is 56-2276733. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 31, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 11, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Live grants for the work The Eason Foundation funds
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