The Mcrae Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KINSTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $114K in total assets. In 2024, it awarded 4 grants totaling $6K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$114K
-3.0% YoY
Annual Giving
$6K
-4.9% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$1K
-4.9% YoY
Under IRS private-foundation payout rules, The Mcrae Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mcrae Foundation
Based on IRS filings
The Mcrae Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KINSTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $114K in total assets. In 2024, it awarded 4 grants totaling $6K. Net investment income was $2K.
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 | $113,951 | $117,502 | $121,232 |
| Revenue | $3,028 | $3,088 | $724 |
| Expenses | $6,579 | $6,818 | $7,221 |
| Qualifying Distributions | $5,850 | $6,150 | $6,575 |
| Net Investment Income | $2,299 | $2,433 | $79 |
| Distributable Amount | $5,668 | $5,845 | $6,130 |
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
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include East Carolina Council Boy Scouts ($2,150), Boys & Girls Club of Coastal Plain ($1,700), Community Council for the Arts ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB OF COASTAL PLAIN WINTERVILLE, NC | YOUTH PROGRAMS | $1,700 |
| COMMUNITY COUNCIL FOR THE ARTS KINSTON, NC | ARTS AND EDUCATION | $1,000 |
| EAST CAROLINA COUNCIL BOY SCOUTS KINSTON, NC | YOUTH PROGRAMS | $2,150 |
| MARY'S KITCHEN INC KINSTON, NC | FIGHT HUNGER | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAMERON W MCRAE | PRES./DIRECT | — | — |
| SALLY S MCRAE | DIRECTOR | — | — |
| SCOTT MCRAE | VICE PRES | — | — |
| DONNA RODWELL | SECRETARY | — | — |
| KATHERINE A MCRAE | VICE PRES. | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mcrae Foundation?
The Mcrae Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in KINSTON, NC. It holds $114K in total assets as of 2024.
How large is The Mcrae Foundation?
As of 2024, The Mcrae Foundation holds $114K in total assets with $3K in annual revenue. It awarded 4 grants totaling $6K in 2024.
Where does The Mcrae Foundation operate?
The Mcrae Foundation has awarded grants in North Carolina.
What size grants does The Mcrae Foundation award?
In 2024, The Mcrae Foundation awarded 4 grants totaling $6K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Mcrae Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mcrae Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mcrae Foundation's EIN?
The Mcrae Foundation's EIN (Employer Identification Number) is 56-2274002. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mcrae Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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