The North Carolina Masonic Foundation Inc
To receive donations and distribute all income to charitable organizations.
Key facts about The North Carolina Masonic Foundation Inc
In short: The North Carolina Masonic Foundation Inc gave $1.4M across 2 grants in 2024 (avg $685K), mostly in North Carolina. Source: 2024 IRS Form 990.
- EIN
- 56-6049500
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $1,370,735
- Grants made (2024)
- 2
- Average grant
- $685,368
- Median grant
- $685,368
- Total assets
- $29,606,861
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$29.6M
+15.2% YoY
Annual Giving
$1.4M
+2.2% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$685K
+2.2% YoY
How The North Carolina Masonic Foundation Inc gives
- Giving fell 40% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About The North Carolina Masonic Foundation Inc
Based on IRS filings
The North Carolina Masonic Foundation Inc is a public charity focused on mutual and membership benefit, based in Raleigh, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $29.6M in total assets. In 2024, it awarded 2 grants totaling $1.4M. Net investment income was $959K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $853K (2022) to $2.3M (2021). In 2024 it made 2 grants totaling $1.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Masonic and Eastern Star Home of NC ($952K). Together the top 2 received $1.4M.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 10 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Masonic and Eastern Star Home of NC Greensboro, NC | Provide support for the activities of masonic and eastern home of nc | $951,603 |
| The Masonic Home for Children at Oxford Oxford, NC | Provide support for the activities of the masonic home for children at oxford | $419,132 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,606,861 | $25,710,421 | $23,248,960 |
| Revenue | $2,929,544 | $1,705,404 | $1,609,207 |
| Expenses | $2,524,863 | $2,467,129 | $2,027,297 |
| Net Investment Income | $959,316 | $333,632 | $208,584 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 14, 2023)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 11, 2025)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The North Carolina Masonic Foundation Inc is led by John E. Burns, Chairman since 2023 (on filings since 2021); none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
John E. Burns
Chairman
Member - Bod → Chairman, 2023
On filings since 2021
No compensation reported
Dan C. Rice
Member - Bod
Membor-Bod → Member - Bod, 2021
On filings since 2020
No compensation reported
Jonathan A. Underwood
Grand Secretary
Secretary → Grand Secretary, 2023
On filings since 2020
No compensation reported
Leonard Y. Safrit Jr.
Member - Bod
Membor-Bod → Member - Bod, 2021
On filings since 2020
No compensation reported
Lewis R. Ledford
Treasurer
On filings since 2020
No compensation reported
Michael A. Faulkenbury
Member-Bod
Chairman → Member-Bod, 2023
On filings since 2020
No compensation reported
Robert E. Gresham Jr.
Member - Bod
Membor-Bod → Member - Bod, 2021
On filings since 2020
No compensation reported
Benjamin Crissman
Secretary
On filings since 2023
No compensation reported
Michael Register
Member - Bod
New on the 2024 filing
No compensation reported
Former officers (2)
- Former: Gilbert D. Bailey (2023) — Member - Bod
- Former: Guy E. Cline III (2020) — Member-Bod
Data from IRS Form 990 filings, 2020–2024. "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 North Carolina Masonic Foundation Inc
How much does The North Carolina Masonic Foundation Inc give each year?
The North Carolina Masonic Foundation Inc gave $1.4M across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.3M across 2 grants.
How large is The North Carolina Masonic Foundation Inc?
The North Carolina Masonic Foundation Inc reported $29.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.9M.
What is The North Carolina Masonic Foundation Inc?
The North Carolina Masonic Foundation Inc is a public charity focused on mutual and membership benefit, based in Raleigh, NC. It holds $29.6M in total assets as of 2024.
Where does The North Carolina Masonic Foundation Inc operate?
The North Carolina Masonic Foundation Inc has awarded grants in North Carolina.
What is The North Carolina Masonic Foundation Inc's EIN?
The North Carolina Masonic Foundation Inc's EIN (Employer Identification Number) is 56-6049500. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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