The Frank Floyd Family Foundation Inc

CARY, NC EIN: 26-1544493

The Frank Floyd Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $248K in total assets. In 2024, it awarded 16 grants totaling $141K. Net investment income was $23K.

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.

About The Frank Floyd Family Foundation Inc

Based on IRS filings

The Frank Floyd Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARY, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $248K in total assets. In 2024, it awarded 16 grants totaling $141K. Net investment income was $23K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states
+1 more states

Cities

ApexArlingtonCaryCharlotteChattanoogaDallasDurhamEvanstonFuquay VarinaGoldsboroGreensboroHickoryKansas CityLansingManhattan BeachManteoMonroviaMooresvilleNew YorkRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$135K$271K$406K$542K20202021202220232024
Metric202420232022
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

Giving Over Time

Total grant dollars and number of grants per year

$0$77K$154K$230K$307K11 grants20208 grants202116 grants202216 grants202316 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

YMCA OF THE TRIANGLE ARE…$39KMAGELLAN CHARTER SCHOOL$23KTHE SUMMIT CHURCH$20KUNITY OF FAITH COVENANT …$18KBOY SCOUTS OF AMERICA OC…$10KVETERANS LIFE CENTER$10KWESTERN WAKE CRISIS MINI…$5KFELLOWSHIP OF CHRISTIAN …$3KNORTH CAROLINA CENTRAL U…$3KHOPE CREEK ACADEMY$3K

Grant Size Distribution

67 grants across all recorded years

64<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ymca of the Triangle Area Inc ($39,000), Magellan Charter School ($22,500), The Summit Church ($20,000).

RecipientPurposeAmount
BOY SCOUTS OF AMERICA OCCONEECHEE RALEIGH, NCPROMOTE SCOUTING ACTIVITIES AND MAINTENANCE OF FACILITIES.$10,000
FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MOGENERAL SUPPORT$3,000
HOPE CREEK ACADEMY DURHAM, NCGENERAL SUPPORT$2,537
MAGELLAN CHARTER SCHOOL RALEIGH, NCGENERAL SUPPORT$22,500
VETERANS LIFE CENTER GOLDSBORO, NCGENERAL SUPPORT$10,000
WESTERN WAKE CRISIS MINISTRY APEX, NCGENERAL SUPPORT$5,000
YMCA OF THE TRIANGLE AREA INC RALEIGH, NCSCHOLARSHIPS$39,000
CHARLOTTE-MECKLENBERG POLICE FOUNDATION CHARLOTTE, NCSUPPORT IN THE COMMUNITY$1,180
NORTH CAROLINA CENTRAL UNIVERSITY DURHAM, NCRESEARCH$2,880
THE SUMMIT CHURCH DURHAM, NCMINISTRY$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
FRANK FLOYDPRESIDENT1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is The Frank Floyd Family Foundation Inc?

The Frank Floyd Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CARY, NC. It holds $248K in total assets as of 2024.

How large is The Frank Floyd Family Foundation Inc?

As of 2024, The Frank Floyd Family Foundation Inc holds $248K in total assets with $101K in annual revenue. It awarded 16 grants totaling $141K in 2024.

Where does The Frank Floyd Family Foundation Inc operate?

The Frank Floyd Family Foundation Inc has awarded grants in California, Illinois, Michigan, Missouri, North Carolina, New York, Tennessee, Texas, Virginia.

What size grants does The Frank Floyd Family Foundation Inc award?

In 2024, The Frank Floyd Family Foundation Inc awarded 16 grants totaling $141K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is The Frank Floyd Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Frank Floyd Family Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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