William C Ethridge Foundation Inc

Foundation · Grantmaker Raleigh, NC EIN: 58-2000825

The William C Ethridge Foundation Inc is a private foundation based in Raleigh, North Carolina. Established in 2014, the foundation operates as a 501(c)(3) charitable organization with a focus on direct contributions to qualifying organizations in the region.

Key facts about William C Ethridge Foundation Inc

EIN: 58-2000825
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $583,500
Grants made (2024): 47
Average grant: $12,415
Median grant: $5,000
New grantees (estimate): 4% first-time grantees (2 of 47, 2024)
Total assets: $9,398,073
Primary geography: North Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who William C Ethridge Foundation Inc funds

By grant dollars, the top recipient states for William C Ethridge Foundation Inc's 47 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were Raleigh, NC (37 grants), Cary, NC (2 grants), Durham, NC (2 grants) and Morrisville, NC (2 grants). 91% of grants with a stated purpose were for general or operating support. Recurring purposes include "Capital Gifts/Special Programs" (3 grants).

Is William C Ethridge Foundation Inc open to new grantees?

first-time grantees, 2024

In 2024, 2 of 47 grantees (4%) were first-time recipients. First grants averaged $14K; repeat grants $12K. How we count

Medians: $14K first-time, $5K repeat.

85% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+13%). Method
In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.4M

+1.7% YoY

Annual Giving

$584K

+2.8% YoY

Grant Count

+6.8% YoY

Avg Grant Size

$12K

-3.7% YoY

Under IRS private-foundation payout rules, William C Ethridge Foundation Inc reported a distributable amount of $562K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation has not publicly provided a formal mission statement. However, its grantmaking priorities center on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Nonprofit operational support

The foundation primarily provides funding to grantees to help cover operational expenses.

Grantmaking

The foundation made an additional 22 grants totaling $369,500 in 2024.

Grant Range

& Activity:**

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking is primarily concentrated in North Carolina, with particular emphasis on the Raleigh area.

Grant Distribution by State

North Carolina $584K (100%)

Share of all 47 itemized 2024 grant dollars.

States

North Carolina

Cities

RaleighCaryDurhamMorrisvilleAsheboroWake ForestBoonePittsboroSsouthern Pines

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total Assets: $9,398,073
Total Revenues: $762,430
Total Expenses: $601,358
Total Liabilities: $0

As of 2023:

Total Assets: $9,240,000
Total Revenues: $641,000
Total Expenses: $583,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2021
Total Assets	$9,398,073	$9,237,001	$9,448,175
Revenue	$762,430	$641,434	$1,493,460
Expenses	$601,358	$582,534	$536,132
Qualifying Distributions	$583,500	$567,500	$517,500
Net Investment Income	$744,572	$617,730	$1,470,238
Distributable Amount	$562,051	$496,584	$556,076

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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 10 recipients in 2024

Grant Size Distribution

191 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Raleigh Rescue Mission ($107,500), Raleigh YMCA ($35,000), Food Bank of North Carolina ($35,000).

Recipient	Purpose	Amount
Raleigh Rescue Mission Raleigh, NC	To fund operational expenses	$107,500
Raleigh YMCA Raleigh, NC	To fund operational expenses	$35,000
Food Bank of North Carolina Raleigh, NC	To fund operational expenses	$35,000
Lucy Daniels Preschool Cary, NC	To fund operational expenses	$35,000
Foundation of Hope Raleigh, NC	To fund operational expenses	$30,000
Marbles Kid Museum Raleigh, NC	To fund operational expenses	$30,000
Wake County SPCA Raleigh, NC	To fund operational expenses	$28,000
SAFEchild Raleigh, NC	To fund operational expenses	$27,500
NC Zoo Society Asheboro, NC	Capital Gifts/Special Programs	$27,500
Interact Raleigh, NC	Capital Gifts/Special Programs	$25,000

Leadership & Key People

Leadership team and compensation from IRS filings

Jim A King is listed as the officer or director to whose attention correspondence should be directed.

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Sydnor M White Jr	Chairman	—	—

Contact Information

Mailing Address: PO Box 18347 Raleigh, NC 27619

EIN: 58-2000825

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does William C Ethridge Foundation Inc fund?

The foundation has not publicly provided a formal mission statement. However, its grantmaking priorities center on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Nonprofit operational support The foundation primarily provides funding to grantees to help cover operational expenses.

How do I apply for a grant from William C Ethridge Foundation Inc?

**Grant Size & Activity:** • Typical award range: $1,000–$215,000 • Total giving in 2024: $583,500 • Number of grants in 2024: 25 grants **Recent Grantees (2024):** • The Raleigh Rescue Mission: $107,500 • Foundation of Hope for Research and Treatment of Mental Illness: $30,000 • Marbles Kids Museum: $30,000 The foundation made an additional 22 grants totaling $369,500 in 2024.

Where does William C Ethridge Foundation Inc make grants?

The foundation's grantmaking is primarily concentrated in North Carolina, with particular emphasis on the Raleigh area.

What size grants does William C Ethridge Foundation Inc award?

In 2024, William C Ethridge Foundation Inc awarded 47 grants totaling $584K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is William C Ethridge Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, William C Ethridge Foundation Inc reported a distributable amount of $562K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is William C Ethridge Foundation Inc's EIN?

William C Ethridge Foundation Inc's EIN (Employer Identification Number) is 58-2000825. IRS Form 990 filing data is available on this page for 2020–2024.