The Mary Hancock and Frank Edward
The Mary Hancock and Frank Edward is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINSTONSALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 4 grants totaling $62K. Net investment income was $260K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+1530.6% YoY
Annual Giving
$62K
+244.4% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$16K
+158.3% YoY
Under IRS private-foundation payout rules, The Mary Hancock and Frank Edward reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mary Hancock and Frank Edward
Based on IRS filings
The Mary Hancock and Frank Edward is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINSTONSALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 4 grants totaling $62K. Net investment income was $260K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,303,107 | $202,575 | $213,747 |
| Revenue | $3,172,675 | $11,270 | $6,403 |
| Expenses | $72,143 | $22,442 | $24,482 |
| Qualifying Distributions | $62,000 | $18,000 | $21,481 |
| Net Investment Income | $260,199 | $8,378 | $3,549 |
| Distributable Amount | $86,824 | $16,304 | $16,972 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include All Saints Episcopal Mission ($25,000), Rams Rack ($25,000), All Saints Episcopal Mission ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALL SAINTS EPISCOPAL MISSION LINVILLE, NC | 2024 HURRICANE | $25,000 |
| ALL SAINTS EPISCOPAL MISSION LINVILLE, NC | UNRESTRICTED | $6,000 |
| HOME MORAVIAN CHURCH WINSTON SALEM, NC | UNRESTRICTED | $6,000 |
| RAMS RACK NEWLAND, NC | 2024 HURRICANE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGARET D TOWNSEND | DIRECTOR | — | — |
| DALE E DRISCOLL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mary Hancock and Frank Edward?
The Mary Hancock and Frank Edward is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINSTONSALEM, NC. It holds $3.3M in total assets as of 2024.
How large is The Mary Hancock and Frank Edward?
As of 2024, The Mary Hancock and Frank Edward holds $3.3M in total assets with $3.2M in annual revenue. It awarded 4 grants totaling $62K in 2024.
Where does The Mary Hancock and Frank Edward operate?
The Mary Hancock and Frank Edward has awarded grants in North Carolina, Texas.
What size grants does The Mary Hancock and Frank Edward award?
In 2024, The Mary Hancock and Frank Edward awarded 4 grants totaling $62K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is The Mary Hancock and Frank Edward required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mary Hancock and Frank Edward reported a distributable amount of $87K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mary Hancock and Frank Edward's EIN?
The Mary Hancock and Frank Edward's EIN (Employer Identification Number) is 81-1251081. 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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