The Troon Foundation
The Troon Foundation is a private foundation based in Elon, North Carolina. It supports charitable programs in education, health, and social services, as well as charities that share its vision.
The Troon Foundation at a glance
In short: The Troon Foundation gave $2.7M across 43 grants in 2025 (avg $62K), top state North Carolina. 23% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,658,520
- +2.4% vs 2024
- Grants made (2025)
- 43
- +16.2% vs 2024
- Average grant
- $61,826
- -11.9% vs 2024
- Median grant
- $35,000
- Total assets
- $49,054,309
- +3.8% vs 2024
- New grantees (estimate)
- 23% first-time grantees (10 of 43, 2025)
- Primary geography
- North Carolina (41% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Troon Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation contributes only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Post Office Box 20, Elon, NC 27244
Phone: (336) 584-5645
Website: https://troonfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Troon Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Fidelity Charitable Giving Account of James M and Kathleen H Piermarini ($700K). Together the top 10 received $1.7M.
Grant Size Distribution
171 grants across all recorded years
The most common grant size was under $50K: 114 grants of 171 (67%).
Geographic Focus
Where this funder awards grants
In 2025, grant dollars were distributed to recipients in North Carolina (41%), Virginia (31%), Ohio (26%), and New York (2%).
Grant Distribution by State
Share of 2025 grant dollars across all 43 itemized grants.
Cities
Is The Troon Foundation open to new grantees?
23%
first-time grantees, 2025
In 2025, 10 of 43 grantees (23%) were first-time recipients. First grants averaged $23K; repeat grants $74K. How we count
Medians: $20K first-time, $40K repeat.
- 67% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $1.4M (2021) to $2.8M (2023). In 2025 it made 43 grants totaling $2.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Giving Account of James M and Kathleen H Piermarini Cincinnati, OH | To Fund Charitable Giving Account. | $700,000 |
| United Way of Alamance County Burlington, NC | To Fund General Funds and Housing Specialist. | $190,000 |
| Women's Initiative Charlottesville, VA | To Fund Welfare and Refugee Program. | $125,000 |
| Safe Alamance Graham, NC | To Fund Food Assistance and Staffing. | $113,312 |
| Blue Ridge Area Food Bank Charlottesville, VA | To Fund Partner Impact Program. | $100,000 |
| Christmas Cheer Burlington, NC | General Funds. | $100,000 |
| Prosami Staunton, VA | To Fund Pilot Center and Training. | $93,700 |
| Big Brothers & Sisters Morrisville, NC | To Fund Mentoring. | $90,000 |
| City Gate Dream Center Burlington, NC | To Fund Community Programs. | $90,000 |
| On Our Own Roanoke, VA | To Fund Mental Health Program. | $74,208 |
Ready to take the next step with The Troon Foundation?
Financial History
Multi-year comparison from IRS filings
Reported grantmaking by filing year:
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $49,054,309 | $4,867,672 | $3,055,574 | $2,658,520 | 43 | $2,658,520 | $3,650,497 | $2,932,879 |
| 2024 | $47,242,211 | $2,693,474 | $3,010,017 | $2,597,043 | 37 | $2,597,043 | $1,561,150 | $2,680,924 |
| 2023 | $47,558,754 | $2,184,726 | $3,282,881 | $2,838,300 | 28 | $2,838,300 | $1,562,061 | $2,578,100 |
| 2022 | $48,656,909 | $2,507,639 | $3,116,130 | $2,651,500 | 30 | $2,651,500 | $2,017,225 | $2,838,188 |
| 2021 | $49,265,400 | $3,728,997 | $1,806,411 | $1,357,100 | 33 | — | $2,745,131 | $2,651,082 |
Under IRS private-foundation payout rules, The Troon Foundation reported a distributable amount of $2.9M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation says its purpose is to make a meaningful impact across four areas: education, health, social services, and charities. It describes education as empowering people who seek educational opportunities, health as supporting prevention, treatment, and research, and social services as improving quality of life for vulnerable populations.
Its 2025 grantees illustrate the range of organizations it supports. United Way of Alamance County says it works to break down barriers, eliminate inequities, and end poverty. Blue Ridge Area Food Bank says it distributes food to people in need through a network of providers and programs. PROSAMI says it trains nurses to improve maternal and infant health care in rural Congo, and Young Musicians of Alamance says it provides music education regardless of students’ socioeconomic background.
Grantmaking
In filing year 2025, the foundation reported 43 grants totaling $2,658,520. Grants ranged from $5,000 to $700,000, with a median of $35,000. Notable awards included $700,000 to Fidelity Charitable Giving Account of James M and Kathleen H Piermarini, $190,000 to United Way of Alamance County, $125,000 to Women’s Initiative, and $113,312 to Safe Alamance. The foundation also reported 37 grants totaling $2,597,043 in 2024 and 28 grants totaling $2,838,300 in 2023.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists James M. Piermarini as president and Kathleen H. Piermarini as treasurer/secretary.
The Troon Foundation is led by James M. Piermarini, President on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
James M. Piermarini
President
On filings since 2021
1 hr/week
No compensation reported
Kathleen H. Piermarini
Treasurer & Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Troon Foundation
How much does The Troon Foundation give each year?
The Troon Foundation gave $2.7M across 43 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.6M across 37 grants.
What is The Troon Foundation's typical grant size?
The Troon Foundation's median grant in 2025 was $35,000, and its average grant was $61,826, across 43 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Troon Foundation that year got $23K on average.
Where does The Troon Foundation give grants?
The Troon Foundation's top state is North Carolina, with 41% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Virginia (31%) and Ohio (26%). The most frequent recipient cities were Burlington, NC (12 grants), Charlottesville, VA (7 grants), Richmond, VA (5 grants) and Statesville, NC (3 grants).
Does The Troon Foundation give general operating support?
Occasionally: 9% of The Troon Foundation's 2025 grants with a stated purpose (4 of 43) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Troon Foundation's largest grantees?
The Troon Foundation's largest 2025 grantees include Fidelity Charitable Giving Account of James M and Kathleen H Piermarini ($700,000), United Way of Alamance County ($190,000) and Women's Initiative ($125,000), according to its 2025 IRS Form 990-PF. Together they received 38% of its itemized 2025 grant dollars.
How large is The Troon Foundation?
The Troon Foundation reported $49.1M in total assets on its 2025 IRS Form 990-PF. It paid out $2.7M in qualifying distributions that year, against a required minimum of $2.9M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Troon Foundation fund?
The foundation says its purpose is to make a meaningful impact across four areas: education, health, social services, and charities. See mission & focus areas ↑
How do I apply for a grant from The Troon Foundation?
The foundation contributes only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Troon Foundation's EIN?
The Troon Foundation's EIN (Employer Identification Number) is 45-3804868. IRS Form 990 filing data is available on this page for 2021–2025.
Does The Troon Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 3, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 2, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in The Troon Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Troon Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/the-troon-foundation-morg_dfa8f63c5af244a89102bff7b1632d89
BibTeX
@misc{grantable_453804868_2026,
author = {{Grantable}},
title = {{The Troon Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-troon-foundation-morg_dfa8f63c5af244a89102bff7b1632d89},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Troon Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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