Willis Family Foundation
Willis Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DAVIDSON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $707K in total assets. In 2024, it awarded 2 grants totaling $45K. Net investment income was $49K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$707K
-1.3% YoY
Annual Giving
$45K
-1.2% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$23K
+48.2% YoY
Under IRS private-foundation payout rules, Willis Family Foundation reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About Willis Family Foundation
Based on IRS filings
Willis Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DAVIDSON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $707K in total assets. In 2024, it awarded 2 grants totaling $45K. Net investment income was $49K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $706,911 | $716,229 | $711,879 |
| Revenue | $31,673 | $31,951 | $32,267 |
| Expenses | $63,504 | $65,348 | $69,458 |
| Qualifying Distributions | $49,442 | $49,976 | $50,805 |
| Net Investment Income | $49,085 | $82,813 | $44,390 |
| Distributable Amount | $52,588 | $45,136 | $45,670 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Direction Ministries ($40,136), Grace Covenant FBO Gear Up Bike Shop ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| New Direction Ministries Mars Hill, NC | General use | $40,136 |
| Grace Covenant FBO Gear Up Bike Shop Cornelius, NC | General Use | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jennie List | President | 8 | $8,000 |
| James Good | Treasurer | 3 | $8,000 |
| Michael Good | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Willis Family Foundation?
Willis Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DAVIDSON, NC. It holds $707K in total assets as of 2024.
How large is Willis Family Foundation?
As of 2024, Willis Family Foundation holds $707K in total assets with $32K in annual revenue. It awarded 2 grants totaling $45K in 2024.
Where does Willis Family Foundation operate?
Willis Family Foundation has awarded grants in Florida, North Carolina, South Dakota.
What size grants does Willis Family Foundation award?
In 2024, Willis Family Foundation awarded 2 grants totaling $45K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Willis Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Willis Family Foundation reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Willis Family Foundation's EIN?
Willis Family Foundation's EIN (Employer Identification Number) is 56-2055841. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Willis Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.