The Faile Foundation
The Faile Foundation is a private foundation, based in Greensboro, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 7 grants totaling $150K. Net investment income was $91K.
The Faile Foundation at a glance
In short: The Faile Foundation gave $150K across 7 grants in 2024 (avg $21K), top state North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $149,500
- +15.0% vs 2023
- Grants made (2024)
- 7
- +40.0% vs 2023
- Average grant
- $21,357
- -17.9% vs 2023
- Median grant
- $22,500
- Total assets
- $2,193,127
- -6.9% vs 2023
- Primary geography
- North Carolina (39% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Faile Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was YWCA of Asheville and Western North Carolina ($55K). Together the top 6 received $135K.
Organizations only. It also paid 1 individual scholarship ($15,000), which are not listed by name.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 35 grants of 37 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How The Faile Foundation gives
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 it paid out 215% 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 2024, annual grant giving ranged from $130K (2023) to $150K (2024). In 2024 it made 7 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YWCA of Asheville and Western North Carolina Asheville, NC | Hurricane/Disaster Services Expenses | $55,000 |
| Community Foundation of the Virgin Islands St Thomas, VI | Technical Expertise, Capacity Building, Strategic Research & Development | $30,000 |
| Wildheart International Ministries Harrisburg, PA | Paid teen summer internships and program costs of love the hill | $23,000 |
| Depositing Empowerment Through Outreach and Urban Redevelopment San Diego, CA | Leadership Academy and Program Operating Expenses. | $22,500 |
| 1 individual scholarship Recipients not named | — | $15,000 |
| Transylvania County Rescue Squad Brevard, NC | Disaster Preparedness and Hurricane Expenses | $3,000 |
| Lutheran Social Services of the Virgin Islands Frederiksted, VI | General support for the queen louise home and sister emma cottage | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,193,127 | $115,290 | $277,113 | $149,500 | 7 | $248,585 | $91,073 | $115,481 |
| 2023 | $2,354,950 | $-213,146 | $241,503 | $130,000 | 5 | $218,011 | $11,579 | $112,280 |
| 2022 | $2,809,599 | $80,426 | $266,915 | $134,000 | 7 | $231,233 | $54,744 | $118,886 |
| 2021 | $3,016,863 | $596,616 | $255,759 | $147,245 | 8 | $221,205 | $564,262 | $131,617 |
| 2020 | $2,676,006 | $268,027 | $242,003 | $142,000 | 10 | — | $236,132 | $122,480 |
Under IRS private-foundation payout rules, The Faile Foundation reported a distributable amount of $115K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Faile Foundation is led by Elizabeth Cox, Executive Director on every filing since 2022; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Elizabeth Cox
Executive Director
On filings since 2022
40 hrs/week
$66K (2022) → $84K (2024)
Toni Faile Lyerly
President
On filings since 2020
1.5 hrs/week
No compensation reported
Alicia M. Zupic
Secretary
On filings since 2020
1.5 hrs/week
No compensation reported
Jennifer J. Faile
Vice President
On filings since 2020
1.5 hrs/week
No compensation reported
Lawrence Lyerly
Treasurer
On filings since 2020
1.5 hrs/week
No compensation reported
Former officers (1)
- Former: Danica A. Zupic (2020–2022) — Executive Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $84K, to Elizabeth Cox (Executive Director).
Frequently asked questions about The Faile Foundation
How much does The Faile Foundation give each year?
The Faile Foundation gave $150K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $130K across 5 grants.
What is The Faile Foundation's typical grant size?
The Faile Foundation's median grant in 2024 was $22,500, and its average grant was $21,357, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Faile Foundation give grants?
The Faile Foundation's top state is North Carolina, with 39% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were U.S. Virgin Islands (21%) and Pennsylvania (15%).
Does The Faile Foundation give general operating support?
Yes: 29% of The Faile Foundation's 2024 grants with a stated purpose (2 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Faile Foundation's largest grantees?
The Faile Foundation's largest 2024 grantees include YWCA of Asheville and Western North Carolina ($55,000), Community Foundation of the Virgin Islands ($30,000) and Wildheart International Ministries ($23,000), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($15,000), which are not listed by name. Together they received 72% of its itemized 2024 grant dollars.
How large is The Faile Foundation?
The Faile Foundation reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $249K in qualifying distributions that year, against a required minimum of $115K (roughly 5% of its investment assets).
What is The Faile Foundation's EIN?
The Faile Foundation's EIN (Employer Identification Number) is 06-1379812. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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