The King's Road Foundation
The King's Road Foundation is a private foundation, based in Pittsboro, NC. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grant totaling $1K.
The King's Road Foundation at a glance
In short: The King's Road Foundation gave $1K across 1 grant in 2021 (avg $1K), mostly in North Carolina. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $1,000
- -94.3% vs 2020
- Grants made (2021)
- 1
- +0.0% vs 2020
- Average grant
- $1,000
- -94.3% vs 2020
- Median grant
- $1,000
- Primary geography
- North Carolina (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who The King's Road Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2021
The largest 2021 recipient was Durham Academy ($1K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2021 grant dollars on its one itemized grant.
States
Cities
How The King's Road Foundation gives
- In 2021 it paid out well above 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 2021, annual grant giving ranged from $1K (2021) to $18K (2020). In 2021 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Durham Academy Durham, NC | Tuition and Fees for Sophie Williamson-McLeod Scholarship | $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 | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2021 | — | $1,020 | $2,409 | $1,000 | 1 | $1,879 | $60 |
| 2020 | $2,330 | $18,002 | $19,133 | $17,626 | 1 | — | $143 |
Under IRS private-foundation payout rules, The King's Road Foundation reported a distributable amount of $60 for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The King's Road Foundation is led by Jerome Stovall King, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2021 report compensation.
Officers on the 2021 filing
Jerome Stovall King
President & Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Heath Dedmond
Secretary
On filings since 2020
No compensation reported
Ludlow King III
Assistant Secretary & Assistant Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The King's Road Foundation
How much does The King's Road Foundation give each year?
The King's Road Foundation gave $1K across 1 grant in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $18K across 1 grant.
Where does The King's Road Foundation operate?
The King's Road Foundation has awarded grants in North Carolina.
How much is The King's Road Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, The King's Road Foundation reported a distributable amount of $60 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The King's Road Foundation's EIN?
The King's Road Foundation's EIN (Employer Identification Number) is 71-0890637. IRS Form 990 filing data is available on this page for 2020–2021.
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 2020–2021
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