Whaley Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $85K. Net investment income was $105K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+11.4% YoY
Annual Giving
$85K
+0.7% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$12K
+0.7% YoY
Under IRS private-foundation payout rules, Whaley Family Foundation Inc reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
About Whaley Family Foundation Inc
Based on IRS filings
Whaley Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 7 grants totaling $85K. Net investment income was $105K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,066,263 | $1,854,000 | $1,598,999 |
| Revenue | $121,830 | $17,245 | $52,453 |
| Expenses | $102,248 | $100,598 | $116,189 |
| Qualifying Distributions | $85,395 | $85,088 | $90,236 |
| Net Investment Income | $104,977 | $9,140 | $36,218 |
| Distributable Amount | $98,061 | $85,665 | $85,050 |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Unc Eshelman School of Pharmacy Foundation Inc ($54,790), The Botanical Garden Foundation Inc ($10,000), Salisbury University Foundation Inc ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SALISBURY ART SPACE SALISBURY, MD | OPERATING SUPPORT | $5,000 |
| SALISBURY UNIVERSITY FOUNDATION INC SALISBURY, MD | ADVENTURES IN IDEAS HUMANITIES SERIES | $3,000 |
| SALISBURY UNIVERSITY FOUNDATION INC SALISBURY, MD | SCHOOL OF LIBERAL ARTS | $6,000 |
| THE BOTANICAL GARDEN FOUNDATION INC CHAPEL HILL, NC | OPERATING SUPPORT | $10,000 |
| THE UNC ESHELMAN SCHOOL OF PHARMACY FOUNDATION INC CHAPEL HILL, NC | SCHOLARSHIPS | $54,790 |
| TRIANGLE DAY SCHOOL DURHAM, NC | TDS ANNUAL FUND | $5,000 |
| BEACH TO BAY HERITAGE AREA BERLIN, MD | SUPPORT CHARITABLE MISSION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY M WHALEY | PRESIDENT AND CFO | 1 | — |
| DONALD M WHALEY | VICE PRESIDENT | 1 | — |
| JASON M WHALEY | TREASURER, ASST SECRETARY | 1 | — |
| LEANNE WHALEY OWENS | SECRETARY, ASST TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Whaley Family Foundation Inc?
Whaley Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. It holds $2.1M in total assets as of 2024.
How large is Whaley Family Foundation Inc?
As of 2024, Whaley Family Foundation Inc holds $2.1M in total assets with $122K in annual revenue. It awarded 7 grants totaling $85K in 2024.
Where does Whaley Family Foundation Inc operate?
Whaley Family Foundation Inc has awarded grants in Maryland, North Carolina.
What size grants does Whaley Family Foundation Inc award?
In 2024, Whaley Family Foundation Inc awarded 7 grants totaling $85K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Whaley Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Whaley Family Foundation Inc reported a distributable amount of $98K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Whaley Family Foundation Inc's EIN?
Whaley Family Foundation Inc's EIN (Employer Identification Number) is 56-2196964. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Whaley Family 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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