Tom Davis Fund
Tom Davis Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Winstonsalem, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 13 grants totaling $568K. Net investment income was $209K.
Key facts about Tom Davis Fund
- EIN
- 58-1813100
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $568,000
- Grants made (2024)
- 13
- Average grant
- $43,692
- Median grant
- $25,000
- New grantees (estimate)
- 54% first-time grantees (7 of 13, 2024)
- Total assets
- $5,351,041
- Primary geography
- North Carolina (82% 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 Tom Davis Fund funds
By grant dollars, the top recipient states for Tom Davis Fund's 13 itemized 2024 grants were North Carolina (82%) and Florida (18%). The most frequent recipient cities were Winstonsalem, NC (7 grants). 100% of grants with a stated purpose were for general or operating support.
Is Tom Davis Fund open to new grantees?
54%
first-time grantees, 2024
In 2024, 7 of 13 grantees (54%) were first-time recipients. First grants averaged $27K; repeat grants $63K. How we count
Medians: $20K first-time, $56K repeat.
- 31% of 2024 grantees were also funded in 2023. Method
- Giving grew 38% from 2021 to 2024. Method
- In 2024 it paid out 108% of its IRS minimum distribution (the 5% rule). 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 Tom Davis Fund
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.4M
-5.6% YoY
Annual Giving
$568K
+139.7% YoY
Grant Count
13
+85.7% YoY
Avg Grant Size
$44K
+29.0% YoY
Under IRS private-foundation payout rules, Tom Davis Fund reported a distributable amount of $557K for 2024 — the minimum it must pay out in qualifying distributions.
About Tom Davis Fund
Based on IRS filings
Tom Davis Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Winstonsalem, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.4M in total assets. In 2024, it awarded 13 grants totaling $568K. Net investment income was $209K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,351,041 | $5,670,707 | $5,803,695 |
| Revenue | $238,416 | $323,767 | $94,784 |
| Expenses | $690,453 | $402,988 | $546,814 |
| Qualifying Distributions | $600,891 | $268,891 | $457,908 |
| Net Investment Income | $209,412 | $298,092 | $129,345 |
| Distributable Amount | $557,373 | $427,965 | $425,410 |
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
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Crossnore Communities for Children ($125,000), Embry-Riddle Aeronautical University ($100,000), Second Harvest Food Bank ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Crossnore Communities for Children WinstonSalem, NC | General Support | $125,000 |
| Embry-Riddle Aeronautical University Daytona Beach, FL | General Support | $100,000 |
| Second Harvest Food Bank WinstonSalem, NC | General Support | $100,000 |
| Trellis WinstonSalem, NC | General Support | $62,500 |
| Senior Services WinstonSalem, NC | General Support | $50,000 |
| Forsyth Technical Community College WinstonSalem, NC | General Support | $25,000 |
| Children's Law Center WinstonSalem, NC | General Support | $25,000 |
| On Wings Like a Dove WinstonSalem, NC | General Support | $23,000 |
| Oak Ridge Military Academy Oak Ridge, NC | General Support | $20,000 |
| Piedmont Land Conservancy Greensboro, NC | General Support | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Winifred Davis Pierce | President/Executive Director | 10 | $37,500 |
| Thomas H Davis Jr | Vice President/Treasurer | — | — |
| George Franklin Teague Davis | Vice President | — | — |
| Nancy Davis McGlothlin | Director | — | — |
| Juliana Davis West | Director | — | — |
| Cherryl L Hartman | Executive Director (Through 2/28/2022) | 10 | $6,250 |
| Nicholas F Pierce | Director | — | — |
| Thomas H Davis III | Director | — | — |
| Stephen T West | Director | — | — |
| Elizabeth D Everhardt | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tom Davis Fund?
Tom Davis Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Winstonsalem, NC. It holds $5.4M in total assets as of 2024.
How large is Tom Davis Fund?
As of 2024, Tom Davis Fund holds $5.4M in total assets with $238K in annual revenue. It awarded 13 grants totaling $568K in 2024.
Where does Tom Davis Fund operate?
Tom Davis Fund has awarded grants in Alabama, Florida, North Carolina, New York, South Carolina, Wisconsin.
What size grants does Tom Davis Fund award?
In 2024, Tom Davis Fund awarded 13 grants totaling $568K — an average of about $44K per grant, based on its IRS Form 990 filings.
How much is Tom Davis Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tom Davis Fund reported a distributable amount of $557K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tom Davis Fund's EIN?
Tom Davis Fund's EIN (Employer Identification Number) is 58-1813100. 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.