The Sylvester Family Foundation Inc

RICHLANDS, NC EIN: 56-1950780

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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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

North Carolina $2.3M (100%)

California $4K (0%)

New York $250 (0%)

States

California Florida North Carolina New York Tennessee

Cities

ArapahoeAydenBayboroBeulavilleBooneBurlingtonCharlotteChinquapinClydeEmerald IsleFayettevilleGreenvilleHamletHubertHuntersvilleJacksonvilleKinstonLenoirLouisburgMemphis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.