The William R Kenan Jr Fund
The William R Kenan Jr Fund is a private foundation, based in CHAPEL HILL, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $64.7M in total assets. In 2025, it awarded 1 grants totaling $3.8M. Net investment income was $5.7M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$64.7M
+2.4% YoY
Annual Giving
$3.8M
+4.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3.8M
+4.6% YoY
Under IRS private-foundation payout rules, The William R Kenan Jr Fund reported a distributable amount of $4.3M for 2025 — the minimum it must pay out in qualifying distributions.
About The William R Kenan Jr Fund
Based on IRS filings
The William R Kenan Jr Fund is a private foundation, based in CHAPEL HILL, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $64.7M in total assets. In 2025, it awarded 1 grants totaling $3.8M. Net investment income was $5.7M.
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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 | $64,708,541 | $63,174,526 | $58,525,245 |
| Revenue | $6,532,171 | $9,472,454 | $4,492,798 |
| Expenses | $5,008,485 | $4,836,806 | $4,621,840 |
| Qualifying Distributions | $4,103,106 | $4,035,491 | $3,973,985 |
| Net Investment Income | $5,720,278 | $8,607,434 | $3,765,631 |
| Distributable Amount | $4,250,074 | $3,769,579 | $3,565,240 |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Kenan-flagler Business School Foundation ($3,750,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION CHAPEL HILL, NC | OPERATIONS | $3,750,000 |
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 | VICE PRESIDENT/DIRECTOR | 3 | — |
| STERLING KENAN MCCRACKEN | DIRECTOR | 3 | — |
| LIZA KENAN HOWELL | DIRECTOR | 3 | — |
| DANIEL W DRAKE | PRES./DIRECTOR | 20 | $185,120 |
| J HAYWOOD DAVIS | DIRECTOR | 3 | — |
| ROBERT P BAYNARD JR | DIRECTOR | 3 | — |
| STEVEN R ARMSTRONG | TREASURER | 3 | — |
| HOLT K HEMINGWAY | SECRETARY/DIRECTOR | 3 | — |
| SUSAN BOWSER | ASSISTANT SECRETARY | 20 | $111,461 |
| FRANK HAWKINS KENAN II | DIRECTOR | — | — |
| CHRISTOPHER ARNDT SHUPING | DIRECTOR | — | — |
| EVAN STEWART GWYN | DIRECTOR | — | — |
| GARETH GWYN | DIRECTOR | — | — |
Frequently Asked Questions
How large is The William R Kenan Jr Fund?
As of 2025, The William R Kenan Jr Fund holds $64.7M in total assets with $6.5M in annual revenue. It awarded 1 grants totaling $3.8M in 2025.
Where does The William R Kenan Jr Fund operate?
The William R Kenan Jr Fund has awarded grants in North Carolina.
What size grants does The William R Kenan Jr Fund award?
In 2025, The William R Kenan Jr Fund awarded 1 grants totaling $3.8M — an average of about $3.8M per grant, based on its IRS Form 990 filings.
How much is The William R Kenan Jr Fund 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 reported a distributable amount of $4.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William R Kenan Jr Fund's EIN?
The William R Kenan Jr Fund's EIN (Employer Identification Number) is 57-0757568. 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'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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