The Pharmacy Network Foundation Inc
The Pharmacy Network Foundation Inc is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.7M in total assets. In 2024, it awarded 8 grants totaling $780K. Net investment income was $457K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.7M
+3.5% YoY
Annual Giving
$780K
+12.2% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$98K
-1.8% YoY
Under IRS private-foundation payout rules, The Pharmacy Network Foundation Inc reported a distributable amount of $777K for 2024 — the minimum it must pay out in qualifying distributions.
About The Pharmacy Network Foundation Inc
Based on IRS filings
The Pharmacy Network Foundation Inc is a private foundation, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.7M in total assets. In 2024, it awarded 8 grants totaling $780K. Net investment income was $457K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,660,342 | $15,129,404 | $14,545,257 |
| Revenue | $711,739 | $132,351 | $801,963 |
| Expenses | $1,094,224 | $984,547 | $1,153,164 |
| Qualifying Distributions | $858,432 | $767,268 | $885,109 |
| Net Investment Income | $456,979 | $190,853 | $564,136 |
| Distributable Amount | $777,447 | $739,836 | $765,764 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Campbell University School of Pharmacy ($125,000), The Medical Univ of Sc College of Pharmacy ($125,000), Unc Eshelman School of Pharmacy Foundation ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE UNIVERSITY OF MISSISSIPPI SCHOOL OF PHARMACY OXFORD, MS | FUNDING FOR WHITE COAT CEREMONIES FOR STUDENTS | $5,000 |
| CAMPBELL UNIVERSITY SCHOOL OF PHARMACY BUIES CREEK, NC | FUND DISPENSING LAB | $125,000 |
| CAMPBELL UNIVERSITY SCHOOL OF PHARMACY BUIES CREEK, NC | PHARMACY STUDENT SCHOLARSHIPS | $100,000 |
| THE MEDICAL UNIV OF SC COLLEGE OF PHARMACY CHARLESTON, SC | BUILDING FUND | $125,000 |
| THE MEDICAL UNIV OF SC COLLEGE OF PHARMACY CHARLESTON, SC | PHARMACY STUDENT SCHOLARSHIPS | $100,000 |
| UNC ESHELMAN SCHOOL OF PHARMACY FOUNDATION CHAPEL HILL, NC | SCHOOL OF PHARMACY STUDENT LOUNGE IMPROVEMENTS FUND | $125,000 |
| UNC ESHELMAN SCHOOL OF PHARMACY FOUNDATION CHAPEL HILL, NC | PHARMACY STUDENT SCHOLARSHIPS | $100,000 |
| WINGATE UNIVERSITY SCHOOL OF PHARMACY WINGATE, NC | PHARMACY STUDENT SCHOLARSHIPS | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MITCHELL W WATTS | PRESIDENT | 2 | $40,800 |
| JIMMY S JACKSON | SECRETARY | 2 | $40,800 |
| J ANDREW BARRETT | TREASURER | 2 | $40,800 |
| MILTON GRAHAM STEWART JR | DIRECTOR | 2 | $40,800 |
| PHILLIP A ELLEN | DIRECTOR | 2 | $26,400 |
Frequently Asked Questions
How large is The Pharmacy Network Foundation Inc?
As of 2024, The Pharmacy Network Foundation Inc holds $15.7M in total assets with $712K in annual revenue. It awarded 8 grants totaling $780K in 2024.
Where does The Pharmacy Network Foundation Inc operate?
The Pharmacy Network Foundation Inc has awarded grants in Mississippi, North Carolina, South Carolina.
What size grants does The Pharmacy Network Foundation Inc award?
In 2024, The Pharmacy Network Foundation Inc awarded 8 grants totaling $780K — an average of about $98K per grant, based on its IRS Form 990 filings.
How much is The Pharmacy Network Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Pharmacy Network Foundation Inc reported a distributable amount of $777K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Pharmacy Network Foundation Inc's EIN?
The Pharmacy Network Foundation Inc's EIN (Employer Identification Number) is 56-1690027. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Pharmacy Network Foundation Inc'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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