William C Ethridge Foundation Inc
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.
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
47
+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.
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
States
Cities
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
| 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 |
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
185 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Raleigh Rescue Mission ($107,500), Raleigh YMCA ($35,000), Food Bank of North Carolina ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Raleigh YMCA Raleigh, NC | To fund operational expenses | $35,000 |
| Triangle Area United Way Morrisville, NC | To fund operational expenses | $5,000 |
| Food Bank of North Carolina Raleigh, NC | To fund operational expenses | $35,000 |
| North Carolina Symphony Raleigh, NC | To fund operational expenses | $5,000 |
| Ronald McDonald House Durham Durham, NC | To fund operational expenses | $5,000 |
| Shepherds Table Raleigh, NC | To fund operational expenses | $7,500 |
| Step Up Ministries Raleigh, NC | To fund operational expenses | $5,000 |
| American Red Cross Raleigh, NC | To fund operational expenses | $2,000 |
| Helping Horse Therapeutic Riding Pr Raleigh, NC | To fund operational expenses | $2,000 |
| Helping Hands Mission Raleigh, NC | To fund operational expenses | $2,500 |
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
From 2024 IRS filing
From 2024 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
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.
Explore Open Grants
Browse active grant opportunities in William C Ethridge 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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