Troan Foundation Inc
Troan Foundation Inc is a private foundation, based in Raleigh, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 6 grants totaling $75K. Net investment income was $127K.
Troan Foundation Inc at a glance
In short: Troan Foundation Inc gave $75K across 6 grants in 2025 (avg $13K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $75,000
- -49.6% vs 2024
- Grants made (2025)
- 6
- -14.3% vs 2024
- Average grant
- $12,500
- -41.1% vs 2024
- Median grant
- $12,500
- Total assets
- $1,900,425
- +2.5% vs 2024
- Primary geography
- North Carolina (93% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Troan Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was NC State Engineering Foundation ($20K). Together the top 6 received $75K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 30 grants of 34 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Troan Foundation Inc gives
- Giving fell 46% from 2022 to 2025. Method
- In 2025 it paid out 49% 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 2019 to 2025, annual grant giving ranged from $75K (2025) to $149K (2024). In 2025 it made 6 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NC State Engineering Foundation Raleigh, NC | Educational Services and Schools | $20,000 |
| North Carolina School of Science and Mathematics Foundation Durham, NC | Support of Academic and Educational Programs | $20,000 |
| South Carolina Governors School for Science & Mathematics Foundation Inc Columbia, NC | Educational Services and Schools | $20,000 |
| A Place at the Table Raleigh, NC | Nonprofit Cafe Providing Food for the Hungry | $5,000 |
| Food Bank of NC Raleigh, NC | Food banks & food pantries for families struggling with hunger | $5,000 |
| City Harvest Brooklyn, NY | Program Support | $5,000 |
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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 | $1,900,425 | $144,424 | $98,027 | $75,000 | 6 | $76,382 | $126,749 | $156,546 |
| 2024 | $1,854,458 | $174,766 | $168,720 | $148,680 | 7 | $151,106 | $157,152 | $143,351 |
| 2023 | $1,848,636 | $84,343 | $147,921 | $130,500 | 8 | $132,202 | $68,638 | $127,051 |
| 2022 | $1,911,021 | $49,701 | $157,722 | $138,500 | 7 | $138,500 | $35,254 | $127,884 |
| 2021 | $2,019,042 | $650,831 | $141,404 | $127,000 | 6 | $127,000 | $134,610 | $121,213 |
| 2020 | $1,589,732 | $152,884 | $110,083 | $97,800 | 8 | — | $41,708 | $94,700 |
| 2019 | $1,581,277 | $299,046 | $96,904 | $85,500 | 7 | — | $49,301 | $82,889 |
Under IRS private-foundation payout rules, Troan Foundation Inc reported a distributable amount of $157K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Troan Foundation Inc is led by Erik W. Troan, Chairman & President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Erik W. Troan
Chairman & President
On filings since 2019
0.3 hrs/week
No compensation reported
Barbara Troan
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Brigid V. Troan
Secretary & Treasurer
On filings since 2019
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Troan Foundation Inc
How much does Troan Foundation Inc give each year?
Troan Foundation Inc gave $75K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $149K across 7 grants.
What is Troan Foundation Inc's typical grant size?
Troan Foundation Inc's median grant in 2025 was $12,500, and its average grant was $12,500, across 6 grants on its 2025 IRS Form 990-PF.
Where does Troan Foundation Inc give grants?
Troan Foundation Inc gives mostly in North Carolina: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (7%). The most frequent recipient cities were Raleigh, NC (3 grants).
Does Troan Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Troan Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Troan Foundation Inc's largest grantees?
Troan Foundation Inc's largest 2025 grantees include NC State Engineering Foundation ($20,000), North Carolina School of Science and Mathematics Foundation ($20,000) and South Carolina Governors School for Science & Mathematics Foundation Inc ($20,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is Troan Foundation Inc?
Troan Foundation Inc reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $76K in qualifying distributions that year, against a required minimum of $157K (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 Troan Foundation Inc's EIN?
Troan Foundation Inc's EIN (Employer Identification Number) is 56-2203535. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 22, 2026)
- IRS filings on file for fiscal years 2019–2025
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