Kgr Foundation Inc

Organization Overview

Kgr Foundation Inc is located in Wake Forest, NC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kgr 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 12/2023, Kgr Foundation Inc generated $57.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $98.4k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Kgr Foundation Inc has awarded 75 individual grants totaling $314,841. 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

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIRECT CONTRIBUTIONS TO 501(C)(3) CHARITABLE ORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
James Mackie
Vice Pres
$0
George C Mackie Jr
Sec/treas
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $79
Dividends & Interest $35,253
Net Rental Income$0
Net Gain on Sale of Assets $22,405
Capital Gain Net Income $22,405
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $57,737

Grants Awarded

Over the last fiscal year, Kgr Foundation Inc has awarded $86,178 in support to 21 organizations.

Grant RecipientAmount

BRYN MAWR PRESBYTERIAN CHURCH

PURPOSE: OPERATING SUPPORT

$3,000

CHILDREN & FAMILY RESOURCE CENTER

PURPOSE: OPERATING SUPPORT

$5,000

AMERICAN BRAIN FOUNDATION

PURPOSE: OPERATING SUPPORT

$4,788

CORNER TABLE INC

PURPOSE: OPERATING SUPPORT

$4,788

BREAST CANCERORG

PURPOSE: OPERATING SUPPORT

$7,180

DEMENTIA ALLIANCE OF NORTH CAROLINA

PURPOSE: OPERATING SUPPORT

$4,590
View Grant Profile

Peer Organizations

Organization NameAssets
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$10,381,384
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High Point, NC
$8,417,528
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Day Foundation
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$8,500,406
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$19,657,852
Chestnut Family Foundation
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-$15,341,006
Robert G Iii And Maude Morgan Cabell Foundation
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$18,313,139
G Harbaugh Foundation
Franklin, TN
$9,941,799
Nucor Charitable Foundation
Charlotte, NC
$25,339,824
Philip L Graham Fund
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$3,353,085
Ayers Foundation
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$8,450,649
Laughing Gull Foundation
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$3,132,291
Robert H Smith Family Foundation
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-$2,864,960
Mary Morton Parsons Foundation
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$14,325,688
Westrock Foundation
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$199,736
Crews Family Foundation
Collierville, TN
$12,659,286
Hollingsworth Foundation Inc
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$261,792
Chantal And Tommy Bagwell Foundation Inc
Cumming, GA
$4,370,623
Drs Bruce & Lee Foundation
Florence, SC
$7,254,737
The Patricia And Douglas Perry Foundation
Norfolk, VA
$189,219
Wilbur And Hilda Glenn Family Foundaition
Atlanta, GA
$4,932,666
Verner
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$6,293,647
The Peyton Anderson Foundation Inc
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$2,289,998

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