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
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
No grants recorded for .
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
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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