The Frances V Holton Foundation Inc
The Frances V Holton Foundation Inc is a private foundation, based in Raleigh, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $769K in total assets. In 2024, it awarded 6 grants totaling $50K. Net investment income was $36K.
Key facts about The Frances V Holton Foundation Inc
In short: The Frances V Holton Foundation Inc gave $50K across 6 grants in 2024 (avg $8K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- EIN
- 56-2091275
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $50,000
- Grants made (2024)
- 6
- Average grant
- $8,333
- Median grant
- $7,500
- Total assets
- $769,028
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$769K
-9.3% YoY
Annual Giving
$50K
-9.1% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$8K
-9.1% YoY
Under IRS private-foundation payout rules, The Frances V Holton Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
How The Frances V Holton Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $50K (2024) to $55K (2023). In 2024 it made 6 grants totaling $50K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Samaritan's Purse ($15K). Together the top 6 received $50K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Samaritan's Purse Boone, NC | Unrestricted | $15,000 |
| American Red Cross of Durham County Durham, NC | Unrestricted | $10,000 |
| Durham Rescue Mission Durham, NC | Unrestricted | $10,000 |
| Center for Child and Family Health Durham, NC | Unrestricted | $5,000 |
| Meals on Wheels of Durham Durham, NC | Unrestricted | $5,000 |
| Salvation Army of Durham County Durham, NC | Unrestricted | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $769,028 | $848,059 | $578,547 |
| Revenue | $46,070 | $412,271 | $6,675 |
| Expenses | $144,101 | $142,759 | $145,432 |
| Qualifying Distributions | $50,000 | $55,000 | $55,000 |
| Net Investment Income | $35,934 | $402,598 | $7,853 |
| Distributable Amount | $50,409 | $43,223 | $55,747 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
The Frances V Holton Foundation Inc is led by Deeann Fontes, President since 2024 (on filings since 2021); 2 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
Deeann Fontes
President
Co-Director → President, 2024
On filings since 2021
5 hrs/week
No compensation reported
William J. Blanton
V & President - Treasurer
On filings since 2021
No compensation reported
Donald F. Fontes
Co-Director
President → Co-Director, 2024
On filings since 2021
5 hrs/week
$30K (2021) → $30K (2024)
Randall Fontes
Co-Director
On filings since 2021
No compensation reported
Mary Jo Rochelle
Secretary
On filings since 2021
5 hrs/week
$30K (2021) → $30K (2024)
Data from IRS Form 990 filings, 2021–2024. "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 $30K, to Donald F Fontes (Co-Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Frances V Holton Foundation Inc
How much does The Frances V Holton Foundation Inc give each year?
The Frances V Holton Foundation Inc gave $50K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 6 grants.
What is The Frances V Holton Foundation Inc's typical grant size?
The Frances V Holton Foundation Inc's median grant in 2024 was $7,500, and its average grant was $8,333, across 6 grants on its 2024 IRS Form 990-PF.
Where does The Frances V Holton Foundation Inc give grants?
The Frances V Holton Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Durham, NC (5 grants).
Does The Frances V Holton Foundation Inc give general operating support?
Yes: 100% of The Frances V Holton Foundation Inc's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Frances V Holton Foundation Inc's largest grantees?
The Frances V Holton Foundation Inc's largest 2024 grantees include Samaritan's Purse ($15,000), American Red Cross of Durham County ($10,000) and Durham Rescue Mission ($10,000), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is The Frances V Holton Foundation Inc?
The Frances V Holton Foundation Inc reported $769K in total assets on its 2024 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Frances V Holton Foundation Inc's EIN?
The Frances V Holton Foundation Inc's EIN (Employer Identification Number) is 56-2091275. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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