Wayland Henry Cato Jr Foundation

Private foundation · Grantmaker Charlotte, NC EIN: 82-0799936

Wayland Henry Cato Jr Foundation is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 6 grants totaling $2.5M. Net investment income was $76K.

Wayland Henry Cato Jr Foundation at a glance

In short: Wayland Henry Cato Jr Foundation gave $2.5M across 6 grants in 2024 (avg $422K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$2,529,679
+4499.4% vs 2023
Grants made (2024)
6
+200.0% vs 2023
Average grant
$421,613
+1433.1% vs 2023
Median grant
$237,340
Total assets
$1,994,080
-2.8% vs 2023
Primary geography
North Carolina (96% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Wayland Henry Cato Jr Foundation funds

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Atrium Health Foundation: $1.0MAtrium Health Foundation$1.0MNovant Health Presbyterian Medical Center Foundation: $1.0MNovant Health PresbyterianMedical Center Foundation$1.0MCentral Piedmont Community College: $375KCentral Piedmont CommunityCollege$375KSt Phillip's Church: $100KSt Phillip's Church$100KMyers Park United Methodist Church: $50KMyers Park United MethodistChurch$50KUniversity of South Carolina Educational Foundation: $5KUniversity of South CarolinaEducational Foundation$5K

The largest 2024 recipient was Atrium Health Foundation ($1.0M). Together the top 6 received $2.5M.

Grant Size Distribution

20 grants across all recorded years

12<$50K4$50–100K1$100–250K1$250–500K$500K–1M2$1–5M$5M+

The most common grant size was under $50K: 12 grants of 20 (60%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

CharlotteColumbiaCharlestonWashingtonGreensboroSapphireSpartanburg

How Wayland Henry Cato Jr Foundation gives

  • Giving grew 12709% from 2021 to 2024. Method
  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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

$0$1M$2M$3M6 grants2020 5 grants2021 1 grant2022 2 grants2023 6 grants2024

From 2020 to 2024, annual grant giving ranged from $5K (2022) to $2.5M (2024). In 2024 it made 6 grants totaling $2.5M.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Atrium Health Foundation Charlotte, NCCharitable$1,000,000
Novant Health Presbyterian Medical Center Foundation Charlotte, NCCharitable$1,000,000
Central Piedmont Community College Charlotte, NCEducational$374,679
St Phillip's Church Charleston, SCCharitable$100,000
Myers Park United Methodist Church Charlotte, NCCharitable$50,000
University of South Carolina Educational Foundation Columbia, SCEducational$5,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,994,080$2,478,254$2,535,749$2,529,6796$2,529,679$75,566$105,453
2023$2,051,575$215,323$60,978$55,0002$55,000$63,046$80,174
2022$1,897,324$90,392$10,159$5,0001$5,000$80,979$76,907
2021$1,817,091$25,085$27,006$19,7505$19,750$21,418$74,791
2020$1,819,012$10,620$342,022$128,5006——$82,375

Under IRS private-foundation payout rules, Wayland Henry Cato Jr Foundation reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Wayland Henry Cato Jr Foundation is led by Clarice Cato Goodyear, Co-Trustee, Chairman & Board of Advisors on every filing since 2020; none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Clarice Cato Goodyear

    Co-Trustee, Chairman & Board of Advisors

    On filings since 2020

    $100K (2020) → $0 (2024)

  • Theresa R. Gebhardt

    Co-Trustee, Vice Chair & Secretary

    On filings since 2020

    No compensation reported

  • Harold Pratt-Thomas

    Board of Advisors

    On filings since 2020

    No compensation reported

  • Howard Weiss

    Board of Advisors

    On filings since 2020

    No compensation reported

  • John Pd Cato

    Board of Advisors

    On filings since 2020

    No compensation reported

  • Lat Purser

    Board of Advisors

    On filings since 2020

    No compensation reported

  • Thomas E. Cato

    Board of Advisors

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2020 IRS filing

Clarice Cato Goodyear — Co-TRUSTEE,CHAIRMAN, Board of Advisors: $100KClarice Cato GoodyearCo-TRUSTEE,CHAIRMAN, Board of…$100K

The highest reported compensation on the 2020 filing was $100K, to Clarice Cato Goodyear (Co-TRUSTEE,CHAIRMAN, Board of Advisors).

Frequently asked questions about Wayland Henry Cato Jr Foundation

How much does Wayland Henry Cato Jr Foundation give each year?

Wayland Henry Cato Jr Foundation gave $2.5M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 2 grants.

What is Wayland Henry Cato Jr Foundation's typical grant size?

Wayland Henry Cato Jr Foundation's median grant in 2024 was $237,340, and its average grant was $421,613, across 6 grants on its 2024 IRS Form 990-PF.

Where does Wayland Henry Cato Jr Foundation give grants?

Wayland Henry Cato Jr Foundation gives mostly in North Carolina: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Charlotte, NC (4 grants).

Does Wayland Henry Cato Jr Foundation give general operating support?

Not in 2024: none of the 6 grants with a stated purpose on Wayland Henry Cato Jr Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (4 grants).

Who are Wayland Henry Cato Jr Foundation's largest grantees?

Wayland Henry Cato Jr Foundation's largest 2024 grantees include Atrium Health Foundation ($1,000,000), Novant Health Presbyterian Medical Center Foundation ($1,000,000) and Central Piedmont Community College ($374,679), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.

How large is Wayland Henry Cato Jr Foundation?

Wayland Henry Cato Jr Foundation reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $2.5M in qualifying distributions that year, against a required minimum of $105K (roughly 5% of its investment assets).

What is Wayland Henry Cato Jr Foundation's EIN?

Wayland Henry Cato Jr Foundation's EIN (Employer Identification Number) is 82-0799936. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Wayland Henry Cato Jr Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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