The Frank Floyd Family Foundation Inc
The Frank Floyd Family Foundation Inc is a private foundation based in Cary, North Carolina. Its 2024 filing reports grants to charitable organizations, most of them in North Carolina, including organizations working in education, ministry, youth activities, and veterans’ services.
Key facts about The Frank Floyd Family Foundation Inc
In short: The Frank Floyd Family Foundation Inc gave $141K across 16 grants in 2024 (avg $9K), mostly in North Carolina. 69% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 26-1544493
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $141,230
- Grants made (2024)
- 16
- Average grant
- $8,827
- Median grant
- $2,940
- New grantees (estimate)
- 69% first-time grantees (11 of 16, 2024)
- Total assets
- $248,212
- Primary geography
- North Carolina (96% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$248K
-19.1% YoY
Annual Giving
$141K
+35.8% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$9K
+35.8% YoY
Under IRS private-foundation payout rules, The Frank Floyd Family Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Is The Frank Floyd Family Foundation Inc open to new grantees?
69%
first-time grantees, 2024
In 2024, 11 of 16 grantees (69%) were first-time recipients. First grants averaged $6K; repeat grants $16K. How we count
Medians: $2K first-time, $10K repeat.
- 19% of 2024 grantees were also funded in 2023. Method
- Giving grew 120% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. For example, Magellan Charter School describes its mission as providing a challenging intellectual journey for highly motivated students in grades 3–8. The Veterans Life Center describes its work as a residential program for at-risk veterans, supporting their health, life skills, and vocational training. Fellowship of Christian Athletes says its mission is to lead coaches and athletes into a growing relationship with Jesus Christ and the church. Other 2024 recipients included a university foundation, a K–12 school, and an organization that creates jobs and social opportunities for adults with disabilities.
Grantmaking
In 2024, the foundation reported 16 grants totaling $141,230. Grant amounts ranged from $1,000 to $39,000, with a median of $2,940. The largest awards included $39,000 to YMCA of the Triangle Area for scholarships; $22,500 to Magellan Charter School for general support; $20,000 to The Summit Church for ministry; $18,133 to Unity of Faith Covenant Ministries International for ministry; and $10,000 each to Boy Scouts of America Occoneechee for scouting activities and facilities maintenance and to Veterans Life Center for general support.
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Geographic Focus
Where this funder awards grants
The 2024 filing shows that 96% of grant dollars went to North Carolina recipients, 2% to Missouri, 1% to Tennessee, and 1% to Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $64K (2021) to $307K (2022). In 2024 it made 16 grants totaling $141K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was YMCA of the Triangle Area Inc ($39K). Together the top 10 received $133K.
Grant Size Distribution
67 grants across all recorded years
The most common grant size was under $50K: 64 grants of 67 (96%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| YMCA of the Triangle Area Inc Raleigh, NC | Scholarships | $39,000 |
| Magellan Charter School Raleigh, NC | General Support | $22,500 |
| The Summit Church Durham, NC | Ministry | $20,000 |
| Unity of Faith Covenant Ministries International Swan Quarter, NC | Ministry | $18,133 |
| Boy Scouts of America Occoneechee Raleigh, NC | Promote Scouting Activities and Maintenance of Facilities. | $10,000 |
| Veterans Life Center Goldsboro, NC | General Support | $10,000 |
| Western Wake Crisis Ministry Apex, NC | General Support | $5,000 |
| Fellowship of Christian Athletes Kansas City, MO | General Support | $3,000 |
| North Carolina Central University Durham, NC | Research | $2,880 |
| Hope Creek Academy Durham, NC | General Support | $2,537 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $248,212 | $101,040 | $143,843 | $141,230 |
| 2023 | $306,682 | $63,842 | $107,385 | $103,987 |
| 2022 | $302,682 | $492,409 | $308,927 | $307,242 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $248,212 | $306,682 | $302,682 |
| Revenue | $101,040 | $63,842 | $492,409 |
| Expenses | $143,843 | $107,385 | $308,927 |
| Qualifying Distributions | $142,416 | $105,178 | $308,085 |
| Net Investment Income | $22,940 | $12,081 | $73,061 |
| Distributable Amount | $12,435 | $15,779 | $8,406 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Frank Floyd is listed as president on the 2024 filing.
The Frank Floyd Family Foundation Inc is led by Frank Floyd, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Frank Floyd
President
On filings since 2020
1 hr/week
No compensation reported
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.
Contact
Mailing address: Post Office Box 1328, Cary, NC 27512-1328
Phone: (919) 460-3027
Frequently asked questions about The Frank Floyd Family Foundation Inc
How much does The Frank Floyd Family Foundation Inc give each year?
The Frank Floyd Family Foundation Inc gave $141K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $104K across 16 grants.
What is The Frank Floyd Family Foundation Inc's typical grant size?
The Frank Floyd Family Foundation Inc's median grant in 2024 was $2,940, and its average grant was $8,827, across 16 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Frank Floyd Family Foundation Inc that year got $6K on average.
Where does The Frank Floyd Family Foundation Inc give grants?
The Frank Floyd Family Foundation Inc gives mostly in North Carolina: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Raleigh, NC (3 grants), Durham, NC (3 grants) and Apex, NC (2 grants).
Does The Frank Floyd Family Foundation Inc give general operating support?
Yes: 31% of The Frank Floyd Family Foundation Inc's 2024 grants with a stated purpose (5 of 16) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Ministry" (3 grants).
Who are The Frank Floyd Family Foundation Inc's largest grantees?
The Frank Floyd Family Foundation Inc's largest 2024 grantees include YMCA of the Triangle Area Inc ($39,000), Magellan Charter School ($22,500) and The Summit Church ($20,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is The Frank Floyd Family Foundation Inc?
The Frank Floyd Family Foundation Inc reported $248K in total assets on its 2024 IRS Form 990-PF. It paid out $142K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What does The Frank Floyd Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. For example, Magellan Charter School describes its mission as providing a challenging intellectual journey for highly motivated students in grades 3–8. See mission & focus areas ↑
How do I apply for a grant from The Frank Floyd Family Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Frank Floyd Family Foundation Inc's EIN?
The Frank Floyd Family Foundation Inc's EIN (Employer Identification Number) is 26-1544493. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Frank Floyd Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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