The Yeargan Foundation Charitable

GARNER, NC EIN: 58-1846281

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.

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in North Carolina, Pennsylvania, and Indiana.

Grant Distribution by State

North Carolina $5.8M (99%)

Louisiana $40K (1%)

Alaska $23K (0%)

Pennsylvania $550 (0%)

Connecticut $100 (0%)

Florida $100 (0%)

Indiana $100 (0%)

Kentucky $100 (0%)

+1 more states

States

Alaska Connecticut Florida Indiana Kentucky Louisiana North Carolina New York Pennsylvania

Cities

ArapahoeBooneButnerCaryChapel HillDillinghamDurhamEvansvilleFayettevilleGarnerGreensboroLouisvilleNaplesNew OrleansNew YorkRaleighWaterburyWayneWilmington

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

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 include Wake Med Foundation ($1,000,000), Transitions Lifecare ($325,100), Duke University ($200,000).

Recipient	Purpose	Amount
DUKE UNIVERSITY DURHAM, NC	ENDOWMENT	$200,000
DURHAM NATIVITY SCHOOL DURHAM, NC	CONTRIBUTION	$195,000
TRANSITIONS LIFECARE RALEIGH, NC	CONTRIBUTION	$325,100
WAKE TECH FOUNDATION RALEIGH, NC	CONTRIBUTION	$14,680
ECOLE BILINGUE DE LA NOUVELLE NEW ORLEANS, LA	CONTRIBUTION	$10,000
YMCA OF THE TRIANGLE RALEIGH, NC	CONTRIBUTION	$50,000
COMMUNITY OF HOPE GARNER, NC	CONTRIBUTION	$116,625
BROTHER MARTIN HIGH SCHOOL NEW ORLEANS, LA	CONTRIBUTION	$5,000
BRISTOL BAY HERITAGE LAND TRUST DILLINGHAM, AK	CONTRIBUTION	$5,000
CHURCH OF THE SAVIOUR WAYNE, PA	MEMORIAL	$100

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 filing

Name	Title	Hours	Compensation
SHERMAN YEARGAN	TRUSTEE	—	$60,000

Recent News & Activity

Recent developments and announcements

2023

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 Transitions

Frequently Asked Questions

What does The Yeargan Foundation Charitable fund?

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.