Wayland Henry Cato Jr Foundation
Wayland Henry Cato Jr Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about Wayland Henry Cato Jr Foundation
- EIN
- 82-0799936
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,529,679
- Grants made (2024)
- 6
- Average grant
- $421,613
- Median grant
- $237,340
- Total assets
- $1,994,080
- Primary geography
- North Carolina (96% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Wayland Henry Cato Jr Foundation funds
By grant dollars, the top recipient states for Wayland Henry Cato Jr Foundation's 6 itemized 2024 grants were North Carolina (96%). The most frequent recipient cities were Charlotte, NC (4 grants). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (4 grants).
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.
Next steps with Wayland Henry Cato Jr Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
-2.8% YoY
Annual Giving
$2.5M
+4499.4% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$422K
+1433.1% YoY
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.
About Wayland Henry Cato Jr Foundation
Based on IRS filings
Wayland Henry Cato Jr Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,994,080 | $2,051,575 | $1,897,324 |
| Revenue | $2,478,254 | $215,323 | $90,392 |
| Expenses | $2,535,749 | $60,978 | $10,159 |
| Qualifying Distributions | $2,529,679 | $55,000 | $5,000 |
| Net Investment Income | $75,566 | $63,046 | $80,979 |
| Distributable Amount | $105,453 | $80,174 | $76,907 |
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 6 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Atrium Health Foundation ($1,000,000), Novant Health Presbyterian Medical Center Foundation ($1,000,000), Central Piedmont Community College ($374,679).
| Recipient | Purpose | Amount |
|---|---|---|
| ATRIUM HEALTH FOUNDATION Charlotte, NC | CHARITABLE | $1,000,000 |
| NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION Charlotte, NC | CHARITABLE | $1,000,000 |
| CENTRAL PIEDMONT COMMUNITY COLLEGE Charlotte, NC | EDUCATIONAL | $374,679 |
| ST PHILLIP'S CHURCH Charleston, SC | CHARITABLE | $100,000 |
| MYERS PARK UNITED METHODIST CHURCH Charlotte, NC | CHARITABLE | $50,000 |
| UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATION Columbia, SC | EDUCATIONAL | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Clarice Cato Goodyear | Co-TRUSTEE,CHAIRMAN, Board of Advisors | — | — |
| Theresa R Gebhardt | Co-TRUSTEE,VICE-CHAIR,SECRETARY | — | — |
| John PD Cato | Board of Advisors | — | — |
| Thomas E Cato | Board of Advisors | — | — |
| Harold Pratt-Thomas | Board of Advisors | — | — |
| Howard Weiss | Board of Advisors | — | — |
| Lat Purser | Board of Advisors | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wayland Henry Cato Jr Foundation?
Wayland Henry Cato Jr Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlotte, NC. It holds $2.0M in total assets as of 2024.
How large is Wayland Henry Cato Jr Foundation?
As of 2024, Wayland Henry Cato Jr Foundation holds $2.0M in total assets with $2.5M in annual revenue. It awarded 6 grants totaling $2.5M in 2024.
Where does Wayland Henry Cato Jr Foundation operate?
Wayland Henry Cato Jr Foundation has awarded grants in District of Columbia, North Carolina, South Carolina.
What size grants does Wayland Henry Cato Jr Foundation award?
In 2024, Wayland Henry Cato Jr Foundation awarded 6 grants totaling $2.5M — an average of about $422K per grant, based on its IRS Form 990 filings.
How much is Wayland Henry Cato Jr Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wayland Henry Cato Jr Foundation reported a distributable amount of $105K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.