The Eason Foundation

Foundation · Grantmaker Durham, NC EIN: 56-2276733

The Eason Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Durham, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $111K in total assets. In 2024, it awarded 13 grants totaling $53K.

Key facts about The Eason Foundation

EIN: 56-2276733
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $52,500
Grants made (2024): 13
Average grant: $4,038
Median grant: $1,000
Total assets: $110,592
Primary geography: North Carolina (70% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Eason Foundation funds

By grant dollars, the top recipient states for The Eason Foundation's 13 itemized 2024 grants were North Carolina (70%), Virginia (19%) and Georgia (10%). The most frequent recipient cities were Durham, NC (7 grants). 100% of grants with a stated purpose were for general or operating support.

How The Eason Foundation gives

Giving fell 49% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Eason Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$111K

+80.8% YoY

Annual Giving

$53K

+150.0% YoY

Grant Count

+333.3% YoY

Avg Grant Size

$4K

-42.3% YoY

Under IRS private-foundation payout rules, The Eason Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.

About The Eason Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $37K (70%)

Virginia $10K (19%)

Georgia $5K (10%)

Illinois $1K (2%)

Share of all 13 itemized 2024 grant dollars.

States

Arkansas Georgia Illinois North Carolina Pennsylvania Virginia

Cities

DurhamRoaring GapChapel HillGreensboroSpartaCharlottesvilleGlade ValleyLittle RockMariettaMarionPhiladelphiaWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$110,592	$61,154	$56,323
Revenue	$103,338	$27,831	$97,686
Expenses	$53,900	$23,000	$76,325
Qualifying Distributions	$52,500	$21,000	$76,250
Net Investment Income	—	—	—
Distributable Amount	$4,229	$3,225	$2,252

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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

43 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Durham Nativity School ($17,500), Urban Ministries of Durham ($10,000), Roaring Gap Foundation ($10,000).

Recipient	Purpose	Amount
DURHAM NATIVITY SCHOOL Durham, NC	GENERAL	$17,500
URBAN MINISTRIES OF DURHAM Durham, NC	GENERAL	$10,000
ROARING GAP FOUNDATION Charlottesville, VA	GENERAL	$10,000
FACT RELIEF FOUNDATION Marietta, GA	GENERAL	$5,000
TROSA DURHAM Durham, NC	GENERAL	$2,500
SARAH P DUKE GARDENS Durham, NC	GENERAL	$2,500
BIENVENIDOS IGLESIA PRESBITERIANA E Durham, NC	GENERAL	$1,000
REALITY MINISTRIES Durham, NC	GENERAL	$1,000
CONNELL F SMITHHOMER BROWN SCHOLA Marion, IL	GENERAL	$1,000
ALLEGHANY COUNTY RESCUE SQUAD Sparta, NC	GENERAL	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Stephen a Eason	President	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Eason Foundation?

The Eason Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Durham, NC. It holds $111K in total assets as of 2024.

How large is The Eason Foundation?

As of 2024, The Eason Foundation holds $111K in total assets with $103K in annual revenue. It awarded 13 grants totaling $53K in 2024.

Where does The Eason Foundation operate?

The Eason Foundation has awarded grants in Arkansas, Georgia, Illinois, North Carolina, Pennsylvania, Virginia.

What size grants does The Eason Foundation award?

In 2024, The Eason Foundation awarded 13 grants totaling $53K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is The Eason Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Eason Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.