The Troon Foundation is a private foundation established in 2012 and based in Elon, North Carolina. With total assets of approximately $49.1 million, the foundation operates as a grantmaking organization focused on supporting charitable initiatives across multiple sectors.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$2.7M
+2.4% YoY
Grant Count
43
+16.2% YoY
Avg Grant Size
$62K
-11.9% YoY
Mission & Focus Areas
The foundation's mission is "deeply rooted in compassion and commitment," with the purpose of making meaningful impact by supporting programs across four vital areas:
- Education: Empowering individuals who seek educational opportunities to unlock their potential and pave the way for a brighter future
- Health: Enhancing well-being by actively supporting prevention, treatment, and research initiatives to create healthier communities
- Social Services: Supporting programs that improve the quality of life for vulnerable populations and assisting those in need
- Charities: Supporting charities that share the foundation's vision, recognizing that working together creates positive community impact
Grantmaking
The Troon Foundation operates as a private foundation without a formal public grant application process. Grant decisions are made at the discretion of the foundation's trustees.
Grant Range
**: Typical awards range from $5,000 to $1,635,000
How to Apply
. Grant decisions are made at the discretion of the foundation's trustees.
Ready to take the next step with The Troon Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on North Carolina, Virginia, and Ohio.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2025:
- Total assets: $49,054,309
- Total revenues: $4,867,672
- Total expenses: $3,055,574
- Total grants distributed: $2,658,520
Revenue Breakdown (FYE 06/2025):
- Grants and contributions: $1,197,766
- Investment income and dividends: $1,474,279
- Net gain from sale of non-inventory assets: $2,195,627
Year-over-Year Growth (FYE 06/2025 vs. FYE 06/2024):
- Grants and contributions increased 61.2%
- Investment income increased 9.7%
- Net gain from asset sales increased 262.1%
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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 10 recipients in 2025
Grant Size Distribution
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Fidelity Charitable Giving Account of James M and Kathleen H Piermarini ($700,000), United Way of Alamance County ($190,000), Women's Initiative ($125,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALAMANCE ECONOMIC DEVELOPMENT BURLINGTON, NC | TO FUND EDUCATORS. | $5,000 |
| ALLIANCE FOR INTERFAITH MINISTRIES CHARLOTTESVILLE, VA | TO FUND HOMELESSNESS PROGRAM. | $10,000 |
| ALLIED CHURCHES OF ALAMANCE COUNTY BURLINGTON, NC | TO FUND COMMUNITY HOUSING. | $20,000 |
| BENJAMIN HAIR SWIM CHARLOTTESVILLE, VA | TO FUND SWIM PROGRAMS. | $42,300 |
| BIG BROTHERS & SISTERS MORRISVILLE, NC | TO FUND MENTORING. | $90,000 |
| BLUE RIDGE AREA FOOD BANK CHARLOTTESVILLE, VA | TO FUND PARTNER IMPACT PROGRAM. | $100,000 |
| BOYS & GIRLS CLUB OF THE PIEDMONT STATESVILLE, NC | GENERAL FUNDS. | $25,000 |
| CANCERLINC RICHMOND, VA | TO FUND LEGAL ASSISTANCE FOR PATIENTS. | $35,000 |
| CHILDREN'S HOME SOCIETY OF NORTH CAROLINA BURLINGTON, NC | TO FUND FOSTER CARE ASSISTANCE. | $25,000 |
| CHRISTMAS CHEER BURLINGTON, NC | GENERAL FUNDS. | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- President: James M. Piermarini
- Treasurer/Secretary: Kathleen H. Piermarini
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES M PIERMARINI | PRESIDENT | 1 | — |
| KATHLEEN H PIERMARINI | TREASURER/SECRETARY | 1 | — |
Contact Information
- Mailing Address: P.O. Box 20, Elon, NC 27244
- Email: contact@troonfoundation.org
- Website: www.troonfoundation.org
- EIN: 45-3804868
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Troon Foundation fund?
The foundation's mission is "deeply rooted in compassion and commitment," with the purpose of making meaningful impact by supporting programs across four vital areas: • **Education**: Empowering individuals who seek educational opportunities to unlock their potential and pave the way for a brighter future • **Health**: Enhancing well-being by actively supporting prevention, treatment, and research initiatives to create healthier communities • **Social Services**: Supporting programs that improv…
How do I apply for a grant from The Troon Foundation?
The Troon Foundation operates as a private foundation without a formal public grant application process. Grant decisions are made at the discretion of the foundation's trustees. **Grant Activity (2025 Fiscal Year):** • Total grants distributed: $2,658,520 • Grants represent 85-87% of total annual expenses • Recent grantees include: • United Way of Alamance County ($190,000) • The Women's Initiative ($125,000) • Blue Ridge Area Food Bank ($100,000) **Grant Range**: Typical awards range from $5,0…
Where does The Troon Foundation make grants?
The foundation's grantmaking focuses primarily on North Carolina, Virginia, and Ohio.
What size grants does The Troon Foundation award?
In 2025, The Troon Foundation awarded 43 grants totaling $2.7M — an average of about $62K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in The Troon Foundation'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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