The William R Kenan Jr Fund for Arts
The William R Kenan Jr Fund for Arts is a private foundation focused on Arts and culture, based in CHAPEL HILL, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $33.4M in total assets. In 2025, it awarded 1 grants totaling $1.9M. Net investment income was $3.0M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$33.4M
+2.7% YoY
Annual Giving
$1.9M
+3.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.9M
+3.7% YoY
Under IRS private-foundation payout rules, The William R Kenan Jr Fund for Arts reported a distributable amount of $2.2M for 2025 — the minimum it must pay out in qualifying distributions.
About The William R Kenan Jr Fund for Arts
Based on IRS filings
The William R Kenan Jr Fund for Arts is a private foundation focused on Arts and culture, based in CHAPEL HILL, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $33.4M in total assets. In 2025, it awarded 1 grants totaling $1.9M. Net investment income was $3.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $33,398,003 | $32,535,043 | $30,302,671 |
| Revenue | $3,222,164 | $4,491,496 | $2,286,080 |
| Expenses | $2,365,737 | $2,266,123 | $2,175,581 |
| Qualifying Distributions | $2,191,631 | $2,047,971 | $2,004,371 |
| Net Investment Income | $3,037,933 | $4,325,644 | $2,128,510 |
| Distributable Amount | $2,215,419 | $1,982,029 | $1,849,389 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Unc School of the Arts Foundation ($1,950,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNC SCHOOL OF THE ARTS FOUNDATION WINSTON SALEM, NC | SUPPORT FOR THE THOMAS S. KENAN III INSTITUTE FOR THE ARTS | $1,950,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS S KENAN III | CHAIRMAN/DIRECTOR | — | — |
| LIZA KENAN HOWELL | DIRECTOR | — | — |
| STERLING KENAN MCCRACKENT | DIRECTOR | — | — |
| DANIEL W DRAKE | PRESIDENT/DIRECTOR | — | — |
| J HAYWOOD DAVIS | DIRECTOR | — | — |
| ROBERT P BAYNARD JR | DIRECTOR | — | — |
| STEVEN R ARMSTRONG | TREASUER | — | — |
| HOLT K HEMINGWAY | SECRETARY/DIRECTOR | — | — |
| SUSAN BOWSER | ASSISTANT SECRETARY | — | — |
| FRANK HAWKINS KENAN II | DIRECTOR | — | — |
| CHRISTOPHER ARNDT SHUPING | DIRECTOR | — | — |
| EVAN STEWART GWYN | DIRECTOR | — | — |
| GARETH GWYN | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The William R Kenan Jr Fund for Arts?
The William R Kenan Jr Fund for Arts is a private foundation focused on Arts and culture, based in CHAPEL HILL, NC. It holds $33.4M in total assets as of 2025.
How large is The William R Kenan Jr Fund for Arts?
As of 2025, The William R Kenan Jr Fund for Arts holds $33.4M in total assets with $3.2M in annual revenue. It awarded 1 grants totaling $1.9M in 2025.
Where does The William R Kenan Jr Fund for Arts operate?
The William R Kenan Jr Fund for Arts has awarded grants in North Carolina.
What size grants does The William R Kenan Jr Fund for Arts award?
In 2025, The William R Kenan Jr Fund for Arts awarded 1 grants totaling $1.9M — an average of about $1.9M per grant, based on its IRS Form 990 filings.
How much is The William R Kenan Jr Fund for Arts required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The William R Kenan Jr Fund for Arts reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William R Kenan Jr Fund for Arts's EIN?
The William R Kenan Jr Fund for Arts's EIN (Employer Identification Number) is 58-1976597. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in The William R Kenan Jr Fund for Arts'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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