Theodore P and Jacqueline C Leonard Irrev Tr
Theodore P and Jacqueline C Leonard Irrev Tr is a private foundation, based in Greensboro, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $946K in total assets. In 2025, it awarded 6 grants totaling $53K. Net investment income was $59K.
Theodore P and Jacqueline C Leonard Irrev Tr at a glance
In short: Theodore P and Jacqueline C Leonard Irrev Tr gave $53K across 6 grants in 2025 (avg $9K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $53,076
- +11.8% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $8,846
- +11.8% vs 2024
- Median grant
- $11,942
- Total assets
- $945,852
- -0.2% vs 2024
- Primary geography
- North Carolina (78% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Theodore P and Jacqueline C Leonard Irrev Tr funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Davidson Medical Ministries Clinic ($12K). Together the top 6 received $53K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Theodore P and Jacqueline C Leonard Irrev Tr gives
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $16K (2021) to $59K (2022). In 2025 it made 6 grants totaling $53K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Davidson Medical Ministries Clinic Lexington, NC | General Purposes | $11,942 |
| Crisis Ministry of Davidson County Lexington, NC | General Purposes | $11,942 |
| The Salvation Army a Georgia Corp Brookhaven, GA | General Purposes | $11,942 |
| Hospice of Davidson County NC Inc Lexington, NC | General Purposes | $11,942 |
| Laurel Fork Presbyterian Church Laurel Springs, NC | General Purposes | $2,654 |
| Mount Tabor United Church of Christ Lexington, NC | General Purposes | $2,654 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $945,852 | $70,438 | $72,060 | $53,076 | 6 | $60,033 | $59,158 | $62,693 |
| 2024 | $947,473 | $57,724 | $66,212 | $47,458 | 6 | $54,408 | $45,599 | $60,025 |
| 2023 | $956,615 | $33,715 | $64,161 | $48,130 | 6 | $54,296 | $24,749 | $53,623 |
| 2022 | $987,167 | $4,031 | $75,724 | $58,560 | 6 | $64,915 | $18,111 | $54,487 |
| 2021 | $1,059,074 | $40,165 | $43,997 | $16,262 | 6 | $22,655 | $28,021 | $59,493 |
Under IRS private-foundation payout rules, Theodore P and Jacqueline C Leonard Irrev Tr reported a distributable amount of $63K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Theodore P and Jacqueline C Leonard Irrev Tr's only listed officer is OLD North State Trust LLC, Trustee on filings since 2021 (compensated).
Officers on the 2025 filing
OLD North State Trust LLC
Trustee
On filings since 2021
1 hr/week
$16K (2021) → $17K (2025)
Former officers (1)
- Former: Old North State Trust (2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $17K, to Old North State Trust LLC (Trustee).
Frequently asked questions about Theodore P and Jacqueline C Leonard Irrev Tr
How much does Theodore P and Jacqueline C Leonard Irrev Tr give each year?
Theodore P and Jacqueline C Leonard Irrev Tr gave $53K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $47K across 6 grants.
What is Theodore P and Jacqueline C Leonard Irrev Tr's typical grant size?
Theodore P and Jacqueline C Leonard Irrev Tr's median grant in 2025 was $11,942, and its average grant was $8,846, across 6 grants on its 2025 IRS Form 990-PF.
Where does Theodore P and Jacqueline C Leonard Irrev Tr give grants?
Theodore P and Jacqueline C Leonard Irrev Tr gives mostly in North Carolina: 78% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Georgia (22%). The most frequent recipient cities were Lexington, NC (4 grants).
Does Theodore P and Jacqueline C Leonard Irrev Tr give general operating support?
Yes: 100% of Theodore P and Jacqueline C Leonard Irrev Tr's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Theodore P and Jacqueline C Leonard Irrev Tr's largest grantees?
Theodore P and Jacqueline C Leonard Irrev Tr's largest 2025 grantees include Davidson Medical Ministries Clinic ($11,942), Crisis Ministry of Davidson County ($11,942) and The Salvation Army a Georgia Corp ($11,942), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Theodore P and Jacqueline C Leonard Irrev Tr?
Theodore P and Jacqueline C Leonard Irrev Tr reported $946K in total assets on its 2025 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $63K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Theodore P and Jacqueline C Leonard Irrev Tr's EIN?
Theodore P and Jacqueline C Leonard Irrev Tr's EIN (Employer Identification Number) is 27-5468303. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
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—
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