Troan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 7 grants totaling $149K. Net investment income was $157K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+0.3% YoY
Annual Giving
$149K
+13.9% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$21K
+30.2% YoY
Under IRS private-foundation payout rules, Troan Foundation Inc reported a distributable amount of $143K for 2024 — the minimum it must pay out in qualifying distributions.
About Troan Foundation Inc
Based on IRS filings
Troan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 7 grants totaling $149K. Net investment income was $157K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,854,458 | $1,848,636 | $1,911,021 |
| Revenue | $174,766 | $84,343 | $49,701 |
| Expenses | $168,720 | $147,921 | $157,722 |
| Qualifying Distributions | $151,106 | $132,202 | $138,500 |
| Net Investment Income | $157,152 | $68,638 | $35,254 |
| Distributable Amount | $143,351 | $127,051 | $127,884 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nc State Engineering Foundation ($62,500), Morehead Planetarium and Science Center ($25,000), South Carolina Governors School for Science & Mathematics Foundation Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NC STATE ENGINEERING FOUNDATION RALEIGH, NC | EDUCATIONAL SERVICES AND SCHOOLS | $62,500 |
| MOREHEAD PLANETARIUM AND SCIENCE CENTER CHAPEL HILL, NC | EDUCATIONAL SERVICES | $25,000 |
| SOUTH CAROLINA GOVERNORS SCHOOL FOR SCIENCE & MATHEMATICS FOUNDATION INC COLUMBIA, 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 |
| NC DISASTER RELIEF FUND RALEIGH, NC | DISASTER RELIEF | $11,180 |
| FOOD BANK OF NC RALEIGH, NC | FOOD BANKS & FOOD PANTRIES FOR FAMILIES STRUGGLING WITH HUNGER | $5,000 |
| A PLACE AT THE TABLE RALEIGH, NC | NONPROFIT CAFE PROVIDING FOOD FOR THE HUNGRY | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIK W TROAN | CHAIRMAN & PRESIDENT | 0.25 | — |
| BRIGID V TROAN | SECRETARY & TREASURER | 0.25 | — |
| BARBARA TROAN | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Troan Foundation Inc?
Troan Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $1.9M in total assets as of 2024.
How large is Troan Foundation Inc?
As of 2024, Troan Foundation Inc holds $1.9M in total assets with $175K in annual revenue. It awarded 7 grants totaling $149K in 2024.
Where does Troan Foundation Inc operate?
Troan Foundation Inc has awarded grants in District of Columbia, Illinois, North Carolina, New York, South Carolina, Texas.
What size grants does Troan Foundation Inc award?
In 2024, Troan Foundation Inc awarded 7 grants totaling $149K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Troan Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Troan Foundation Inc reported a distributable amount of $143K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Troan Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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