The Promise Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43K in total assets. In 2024, it awarded 6 grants totaling $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43K
+15.8% YoY
Annual Giving
$6K
+500.0% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$1K
+0.0% YoY
About The Promise Foundation Inc
Based on IRS filings
The Promise Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43K in total assets. In 2024, it awarded 6 grants totaling $6K.
Focus Areas
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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 | $42,685 | $36,847 | $37,655 |
| Revenue | $13,340 | $194 | $1,044 |
| Expenses | $7,502 | $1,002 | $3,406 |
| Qualifying Distributions | $6,000 | $1,000 | $2,500 |
| Net Investment Income | — | $170 | $112 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fitch Family Comprehensive Pediatric Rehab Program ($2,500), Eden Village of Wilmington ($1,000), Samaritan's Purse ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Eden Village of Wilmington Wilmington, NC | Donation to supporta tiny home communityfor the chronically homeless | $1,000 |
| Samaritan's Purse Boone, NC | Hurricane Helenedisaster relief | $1,000 |
| Shriner's Hospital For Children Tampa, FL | Non-profitpediatric medicalfacility | $500 |
| St Jude's Research Hospital Memphis, TN | Non-profit childrensresearch andtreatment hospital | $500 |
| Fitch Family Comprehensive Pediatric Rehab Program Chapel Hill, NC | Support for pediatricspeech, occupational, &other life services | $2,500 |
| UNC Children's Hospital Chapel Hill, NC | Hospital to support physical & emotional needsof NC children | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Denise MVincent | President | 2 | — |
| Benjamin Vincent | Vice-Pres. | 1 | — |
| Katherine Nicholas | Secretary | 1 | — |
| Jon T Vincent | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Promise Foundation Inc?
The Promise Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, NC. It holds $43K in total assets as of 2024.
How large is The Promise Foundation Inc?
As of 2024, The Promise Foundation Inc holds $43K in total assets with $13K in annual revenue. It awarded 6 grants totaling $6K in 2024.
Where does The Promise Foundation Inc operate?
The Promise Foundation Inc has awarded grants in Florida, North Carolina, Tennessee.
What size grants does The Promise Foundation Inc award?
In 2024, The Promise Foundation Inc awarded 6 grants totaling $6K — an average of about $1K per grant, based on its IRS Form 990 filings.
What is The Promise Foundation Inc's EIN?
The Promise Foundation Inc's EIN (Employer Identification Number) is 20-5217323. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in The Promise 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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