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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$111K
+80.8% YoY
Annual Giving
$53K
+150.0% YoY
Grant Count
13
+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
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.
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 | $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 |
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 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 |
| 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 |
| ALLEGHANY COUNTY RESCUE SQUAD SPARTA, NC | GENERAL | $500 |
| CHERRY LANE VOLUNTEER FIRE DEPARTME GLADE VALLEY, NC | GENERAL | $500 |
| ARBOR ACRES UNITED METHODIST RETIRM WINSTONSALEM, NC | GENERAL | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN A EASON | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
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.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Eason Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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