The Sylvester Family Foundation Inc
The Sylvester Family Foundation Inc is a private foundation located in Richlands, North Carolina. It was established in 1996 and operates as a 501(c)(3) charitable organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
-8.8% YoY
Annual Giving
$539K
+22.9% YoY
Grant Count
56
+3.7% YoY
Avg Grant Size
$10K
+18.5% YoY
Under IRS private-foundation payout rules, The Sylvester Family Foundation Inc reported a distributable amount of $571K for 2024 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
The foundation is based in Richlands, North Carolina, which is part of Onslow County in the eastern part of the state.
Note: Limited publicly available information exists regarding this foundation's specific mission statement, funding priorities, grantmaking history, grant sizes, application procedures, leadership, and recent grant activity. Prospective applicants should contact the foundation directly for detailed information about funding opportunities and requirements.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,518,754 | $6,049,725 | $7,642,891 |
| Revenue | $436,576 | $-346,126 | $325,432 |
| Expenses | $635,343 | $516,683 | $685,217 |
| Qualifying Distributions | $541,198 | $439,272 | $562,663 |
| Net Investment Income | $117,381 | $143,431 | $237,205 |
| Distributable Amount | $570,816 | $465,918 | $469,978 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Richlands Methodist Church ($319,000), The Refuge Church ($30,000), Samaritan's Purse ($27,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGAPE LIFE FAMILY CHURCH RICHLANDS, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $3,500 |
| ALZHEIMER'S ASSOCIATION OF EASTERN NC RALEIGH, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $5,000 |
| BAYSDEN CHAPEL PFWB CHURCH RICHLANDS, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
| BETHANY BAPTIST CHURCH RICHLANDS, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
| BETHLEHEM BAPTIST CHURCH JACKSONVILLE, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
| BIBLE CHURCH MINISTRIES RICHLANDS, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
| BLOOMING HILL FREE WILL BAPTIST CHURCH RICHLANDS, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
| BRIGADE BOYS & GIRLS CLUB WILMINGTON, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $5,000 |
| CATHERINE LAKE BAPTIST CHURCH RICHLANDS, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
| CEDAR FORK BAPTIST CHURCH BEULAVILLE, NC | TO FURTHER THE CHARITABLE MISSION OF THE ORGANIZATION. | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEON W SYLVESTER III | DIRECTOR | 1 | — |
| MARY S HARGETT | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
Where does The Sylvester Family Foundation Inc make grants?
The foundation is based in Richlands, North Carolina, which is part of Onslow County in the eastern part of the state. --- *Note: Limited publicly available information exists regarding this foundation's specific mission statement, funding priorities, grantmaking history, grant sizes, application procedures, leadership, and recent grant activity. Prospective applicants should contact the foundation directly for detailed information about funding opportunities and requirements.*
What size grants does The Sylvester Family Foundation Inc award?
In 2024, The Sylvester Family Foundation Inc awarded 56 grants totaling $539K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Sylvester Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Sylvester Family Foundation Inc reported a distributable amount of $571K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Sylvester Family Foundation Inc's EIN?
The Sylvester Family Foundation Inc's EIN (Employer Identification Number) is 56-1950780. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Sylvester Family Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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