Kelly Foundation Inc

Organization Overview

Kelly Foundation Inc is located in Raleigh, NC. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelly Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Kelly Foundation Inc generated $29.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $180.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Kelly Foundation Inc has awarded 38 individual grants totaling $1,741,336. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $5
Dividends & Interest $16,540
Net Rental Income$0
Net Gain on Sale of Assets $12,805
Capital Gain Net Income $12,805
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $29,350

Grants Awarded

Over the last fiscal year, Kelly Foundation Inc has awarded $166,000 in support to 4 organizations.

Grant RecipientAmount

WILLIAM PEACE UNIVERSITY

Org PageRecipient Profile

Raleigh, NC

PURPOSE: GENERAL PURPOSE

$100,000

WHITE MEMORIAL PRESBYTERIAN CHURCH

PURPOSE: GENERAL PURPOSE

$36,000

DOROTHEA DIX PARK CONSERVANCY

Org PageRecipient Profile

Raleigh, NC

PURPOSE: GENERAL PURPOSE

$25,000

UNIVERSITY OF VIRGINIA

PURPOSE: EDUCATIONAL

$5,000
View Grant Profile

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