The Mary Hancock and Frank Edward
The Mary Hancock and Frank Edward is a private foundation, based in Winston-Salem, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.2M in total assets. In 2025, it awarded 9 grants totaling $155K. Net investment income was $67K.
The Mary Hancock and Frank Edward at a glance
In short: The Mary Hancock and Frank Edward gave $155K across 9 grants in 2025 (avg $17K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $155,000
- +150.0% vs 2024
- Grants made (2025)
- 9
- +125.0% vs 2024
- Average grant
- $17,222
- +11.1% vs 2024
- Median grant
- $20,000
- Total assets
- $3,169,949
- -4.0% vs 2024
- Primary geography
- North Carolina (81% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Mary Hancock and Frank Edward funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was McCallie School ($30K). Together the top 9 received $155K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How The Mary Hancock and Frank Edward gives
- Giving grew 675% from 2022 to 2025. Method
- In 2025 it paid out 92% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2021) to $155K (2025). In 2025 it made 9 grants totaling $155K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| McCallie School Chattanooga, TN | Unrestricted | $30,000 |
| Reynolda House Winston-Salem, NC | Unrestricted | $25,000 |
| Linville Foundation Linville, NC | Unrestricted | $25,000 |
| The Winston Salem Foundation Winston-Salem, NC | WSFCPS | $21,500 |
| Winston Salem Street School Winston-Salem, NC | Unrestricted | $20,000 |
| Centenary UMC Winston-Salem, NC | Unrestricted | $11,500 |
| Reynolda Gardens Winston-Salem, NC | Unrestricted | $10,000 |
| All Saints Episcopal Mission Linville, NC | Unrestricted | $6,000 |
| Home Moravian Church Winston-Salem, NC | Unrestricted | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,169,949 | $55,143 | $188,368 | $155,000 | 9 | $155,000 | $66,632 | $169,081 |
| 2024 | $3,303,107 | $3,172,675 | $72,143 | $62,000 | 4 | $62,000 | $260,199 | $86,824 |
| 2023 | $202,575 | $11,270 | $22,442 | $18,000 | 3 | $18,000 | $8,378 | $16,304 |
| 2022 | $213,747 | $6,403 | $24,482 | $20,000 | 2 | $21,481 | $3,549 | $16,972 |
| 2021 | $231,826 | $4,994 | $14,590 | $10,000 | 2 | $11,426 | $1,905 | $17,577 |
| 2020 | $241,422 | $14,653 | $23,282 | $15,000 | 1 | — | $10,035 | $13,408 |
Under IRS private-foundation payout rules, The Mary Hancock and Frank Edward reported a distributable amount of $169K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Mary Hancock and Frank Edward's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dale E. Driscoll
Director
On filings since 2020
No compensation reported
Margaret D. Townsend
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Mary Hancock and Frank Edward
How much does The Mary Hancock and Frank Edward give each year?
The Mary Hancock and Frank Edward gave $155K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $62K across 4 grants.
What is The Mary Hancock and Frank Edward's typical grant size?
The Mary Hancock and Frank Edward's median grant in 2025 was $20,000, and its average grant was $17,222, across 9 grants on its 2025 IRS Form 990-PF.
Where does The Mary Hancock and Frank Edward give grants?
The Mary Hancock and Frank Edward gives mostly in North Carolina: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (19%). The most frequent recipient cities were Winston-Salem, NC (6 grants) and Linville, NC (2 grants).
Does The Mary Hancock and Frank Edward give general operating support?
Yes: 89% of The Mary Hancock and Frank Edward's 2025 grants with a stated purpose (8 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Mary Hancock and Frank Edward's largest grantees?
The Mary Hancock and Frank Edward's largest 2025 grantees include McCallie School ($30,000), Reynolda House ($25,000) and Linville Foundation ($25,000), according to its 2025 IRS Form 990-PF. Together they received 52% of its itemized 2025 grant dollars.
How large is The Mary Hancock and Frank Edward?
The Mary Hancock and Frank Edward reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $169K (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 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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
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