Weaver Foundation Inc
Weaver Foundation Inc is a private family foundation incorporated in 1967 and based in Greensboro, North Carolina. The foundation was established by W. Herman Weaver and H. Michael Weaver, whose family built a business empire beginning with W. H. Weaver Construction Company (founded in 1939) and expanding into real estate management, mortgage banking, commercial and industrial construction, and real estate development across six southeastern states. Today, the primary family company is Weaver Investment Company, which manages investments and serves as a family office.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.2M
+2.7% YoY
Annual Giving
$1.0M
-25.5% YoY
Grant Count
14
-41.7% YoY
Avg Grant Size
$74K
+27.7% YoY
Under IRS private-foundation payout rules, Weaver Foundation Inc reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The mission of the Weaver Foundation is to help the Greater Greensboro community enhance and improve the quality of life and economic environment for its citizens while developing a sense of philanthropy, civic education, and commitment in current and future generations of the founders' families.
Primary funding areas include:
- Education
- Children and youth programs
- Environment and parks/recreation
- Reducing poverty and supporting the disadvantaged
- Advancement of human and civil rights, racial tolerance, and diversity
- Economic development
Grantmaking
The foundation made 41 grants in 2023. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation focuses on the Greater Greensboro, North Carolina community and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $29,366,788
- Total Revenues: $1,026,188
- Total Expenses: $1,859,973
- Number of Employees: 1
Revenue Breakdown (2023):
- Total grants and contributions: $156,924
- Investment income and dividends: $628,049
- Net gain from sale of non-inventory assets: $233,586
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,157,471 | $29,366,788 | $30,290,161 |
| Revenue | $2,188,059 | $1,026,188 | $1,204,788 |
| Expenses | $1,358,438 | $1,859,973 | $1,600,254 |
| Qualifying Distributions | $1,139,993 | $1,660,131 | $1,332,803 |
| Net Investment Income | $1,808,837 | $654,350 | $982,548 |
| Distributable Amount | $1,924,442 | $1,730,012 | $1,746,346 |
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
179 grants across all recorded years
Open Grants
1 open opportunity from Weaver Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Habitat for Humanity ($500,000), Youth Villages ($250,000), Youth Focus ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY FOUNDATION OF GREATER GREENSBORO GREENSBORO, NC | ANNUAL SUPPORT - GUILFORD NONPROFIT CONSORTIUM SUPPORT | $27,600 |
| GUILFORD COUNTY DEPARTMENT OF HEALTH & HUMAN SERVICES GREENSBORO, NC | CELEBRATE THE CHILDREN | $7,500 |
| GUILFORD EDUCATION ALLIANCE JAMESTOWN, NC | ANNUAL SUPPORT | $30,000 |
| HABITAT FOR HUMANITY GREENSBORO, NC | RESTRICTED GRANT - LAND ACQUISITION | $500,000 |
| NATIONAL CONFERENCE FOR COMMUNITY AND JUSTICE GREENSBORO, NC | 2024 CITATION DINNER SUPPORT | $1,500 |
| NORTH CAROLINA CENTER FOR NONPROFITS RALEIGH, NC | SUPPORT | $2,500 |
| NORTH CAROLINA FOLK & HERITAGE FESTIVALS GREENSBORO, NC | ANNUAL SUPPORT | $15,000 |
| NORTH CAROLINA NETWORK OF GRANTMAKERS RALEIGH, NC | ANNUAL SUPPORT | $2,700 |
| NORTH CAROLINA ZOOLOGICAL SOCIETY ASHEBORO, NC | ANNUAL MEMBERSHIP | $7,500 |
| READY FOR SCHOOL READY FOR LIFE GREENSBORO, NC | ANNUAL SUPPORT | $40,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board trustees include Kevin Gray, Lee McAllister, and Mark Wilson.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| M LEE MCALLISTER | SECRETARY/TREASURER AND DIRECTOR | — | — |
| MICHELLE WILBURN | ASSISTANT SECRETARY AND DIRECTOR | — | — |
| KRISTEN LOWERS | ASSISTANT SECRETARY AND DIRECTOR | — | — |
| KATHERINE WEAVER | VICE PRESIDENT | — | — |
| HUNTER HODGES | DIRECTOR | — | — |
| MICHELE SHUTTER | DIRECTOR | — | — |
| KEVIN SASSER | ASSISTANT SECRETARY AND DIRECTOR | — | — |
| H MICHAEL WEAVER | PRESIDENT AND DIRECTOR | — | — |
| ASHLEY WEAVER HODGES | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation maintains an active grantmaking schedule with board meetings and grant announcements occurring regularly throughout the year. The foundation publishes grantee spotlights highlighting the work of funded organizations, including features on The Motivational Foundation (preparing for their 12th annual HBCU Tour), Free Indeed Outreach Ministries, Neighborhood Markets Inc., and the Black Suit Initiative (a leadership and community engagement program).
Community Foundation of Greater Flint | Community Foundation of\u2026Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Weaver Foundation Inc fund?
The mission of the Weaver Foundation is to help the Greater Greensboro community enhance and improve the quality of life and economic environment for its citizens while developing a sense of philanthropy, civic education, and commitment in current and future generations of the founders' families. Primary funding areas include: • Education • Children and youth programs • Environment and parks/recreation • Reducing poverty and supporting the disadvantaged • Advancement of human and civil rights, …
How do I apply for a grant from Weaver Foundation Inc?
The foundation made 41 grants in 2023. Recent grants include: • $600,000 to Cone Health for "telehealth School" (December 2023) • $105,000 to Second Harvest Food Bank of Northwest NC for Greensboro Campaign Support (December 2023) • $82,500 to North Carolina Zoological Society for Capital Campaign Support/annual Membership (December 2023) • $45,000 to an unnamed grantee (September 2022) • $40,000 to Children's Home Society for strategic planning implementation (May 2022) • $30,000 to Cone Healt…
Where does Weaver Foundation Inc make grants?
The foundation focuses on the Greater Greensboro, North Carolina community and surrounding areas.
What size grants does Weaver Foundation Inc award?
In 2024, Weaver Foundation Inc awarded 14 grants totaling $1.0M — an average of about $74K per grant, based on its IRS Form 990 filings.
How much is Weaver Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Weaver Foundation Inc reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Weaver Foundation Inc's EIN?
Weaver Foundation Inc's EIN (Employer Identification Number) is 56-6093527. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Weaver Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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