The Yeargan Foundation Charitable
The Yeargan Foundation Charitable Trust is a private 501(c)(3) foundation established in 1998, based in Garner, North Carolina. The foundation operates as a family foundation with a focus on philanthropic giving in education, human services, and healthcare.
Key facts about The Yeargan Foundation Charitable
- EIN
- 58-1846281
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,021,905
- Grants made (2024)
- 16
- Average grant
- $126,369
- Median grant
- $12,340
- New grantees (estimate)
- 38% first-time grantees (6 of 16, 2024)
- Total assets
- $12,209,533
- Primary geography
- North Carolina (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Yeargan Foundation Charitable funds
By grant dollars, the top recipient states for The Yeargan Foundation Charitable's 16 itemized 2024 grants were North Carolina (99%). The most frequent recipient cities were Raleigh, NC (4 grants), Durham, NC (2 grants), Garner, NC (2 grants) and New Orleans, LA (2 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Contribution" (10 grants) and "Memorial" (5 grants).
Is The Yeargan Foundation Charitable open to new grantees?
38%
first-time grantees, 2024
In 2024, 6 of 16 grantees (38%) were first-time recipients. First grants averaged $183K; repeat grants $92K. How we count
Medians: $100 first-time, $32K repeat.
- 44% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Yeargan Foundation Charitable
- How to evaluate The Yeargan Foundation Charitable as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
-6.0% YoY
Annual Giving
$2.0M
+350.0% YoY
Grant Count
16
+60.0% YoY
Avg Grant Size
$126K
+181.3% YoY
Under IRS private-foundation payout rules, The Yeargan Foundation Charitable reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities center on higher education and hospice services. The foundation has demonstrated particular commitment to pediatric palliative care and bereavement support programs.
Grantmaking
Ready to take the next step with The Yeargan Foundation Charitable?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in North Carolina, Pennsylvania, and Indiana.
Grant Distribution by State
Share of all 16 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $12,209,533 (as of 2024)
Total Revenue (2024): $1,618,517
Total Expenses (2024): $2,403,735
Total Giving (2023): $449,280
Net Assets (2024): $12,209,533
The foundation maintains zero employees and operates with volunteer leadership.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,209,533 | $12,994,751 | $10,318,496 |
| Revenue | $1,618,517 | $3,454,838 | $854,087 |
| Expenses | $2,403,735 | $778,583 | $750,694 |
| Qualifying Distributions | $2,099,523 | $504,945 | $485,676 |
| Net Investment Income | $1,188,715 | $3,011,241 | $461,115 |
| Distributable Amount | $2,488,237 | $2,221,657 | $2,138,018 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Wake Med Foundation ($1,000,000), Transitions Lifecare ($325,100), Duke University ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WAKE MED FOUNDATION Raleigh, NC | CONTRIBUTION | $1,000,000 |
| TRANSITIONS LIFECARE Raleigh, NC | CONTRIBUTION | $325,100 |
| DUKE UNIVERSITY Durham, NC | ENDOWMENT | $200,000 |
| DURHAM NATIVITY SCHOOL Durham, NC | CONTRIBUTION | $195,000 |
| COMMUNITY OF HOPE Garner, NC | CONTRIBUTION | $116,625 |
| SAMARITAN PURSE Boone, NC | CONTRIBUTION | $100,000 |
| YMCA OF THE TRIANGLE Raleigh, NC | CONTRIBUTION | $50,000 |
| WAKE TECH FOUNDATION Raleigh, NC | CONTRIBUTION | $14,680 |
| ECOLE BILINGUE DE LA NOUVELLE New Orleans, LA | CONTRIBUTION | $10,000 |
| BROTHER MARTIN HIGH SCHOOL New Orleans, LA | CONTRIBUTION | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Polly Yeargan Hardie serves as a key decision-maker for the foundation, overseeing major gift decisions and strategic partnerships.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sherman Yeargan | Trustee | — | $60,000 |
Recent News & Activity
Recent developments and announcements
In August 2023, the Yeargan Charitable Foundation announced a $1,000,000 gift to the Transitions Kids program at Transitions LifeCare in support of pediatric hospice and palliative care services. Foundation leadership emphasized the program's rapid implementation and effective stewardship, noting it as one of the foundation's most fulfilling endeavors.
The Yeargan Charitable Foundation Announces $1,000,000 Gift to the TransitionsFrequently Asked Questions
What does The Yeargan Foundation Charitable fund?
The foundation's giving priorities center on higher education and hospice services. The foundation has demonstrated particular commitment to pediatric palliative care and bereavement support programs.
How do I apply for a grant from The Yeargan Foundation Charitable?
**Grant Amounts:** Typical awards range from $100 to $1,890,070. **Recent Activity:** In 2023, the foundation announced a $1,000,000 gift to support the Transitions Kids program at Transitions LifeCare, a pediatric hospice, palliative care, and bereavement program. Since the program's inception in 2015 with foundation support, it has served 275 children in hospice and palliative care and provided bereavement support to 194 families.
Where does The Yeargan Foundation Charitable make grants?
The foundation primarily funds organizations in North Carolina, Pennsylvania, and Indiana.
What size grants does The Yeargan Foundation Charitable award?
In 2024, The Yeargan Foundation Charitable awarded 16 grants totaling $2.0M — an average of about $126K per grant, based on its IRS Form 990 filings.
How much is The Yeargan Foundation Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Yeargan Foundation Charitable reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Yeargan Foundation Charitable's EIN?
The Yeargan Foundation Charitable's EIN (Employer Identification Number) is 58-1846281. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.