James G Hanes Memorial Fund
- Assets
- $0.0
- Revenue
- $2.3m
- Investments
- $17.8m
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 02/1964
- Data as of
- 10/2020
- EIN
- 56-6036987
Organization Overview
James G Hanes Memorial Fund is located in Winston Salem, NC. The organization was established in 1964. 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. James G Hanes Memorial Fund 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 10/2020, James G Hanes Memorial Fund generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.9%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James G Hanes Memorial Fund has awarded 39 individual grants totaling $4,432,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eldridge C Hanes Director | 2 | $0 | |
James G Hanes III Director | 2 | $0 | |
Drewry Nostitz-Rieneck Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $428 |
| Dividends & Interest | $557,687 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,979 |
| Total Revenue | $2,257,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $239,551 |
| Contributions, gifts, grants paid | $1,390,842 |
| Total expenses and disbursements | $1,630,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,618,267 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, James G Hanes Memorial Fund has awarded $1,479,166 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN CENTER FOR CONTEMPORARY ART PURPOSE: OPERATIONAL SUPPORT AND THEATRE RENOVATION | $623,992 |
Winstonsalem, NC PURPOSE: SUPPORT CREATIVE CONNECTIONS COMPAIGN | $200,000 |
CROSSNORE COMMUNITIES FOR CHILDREN PURPOSE: SUPPORT NEW FOSTER CARE/PARENTING PROGRAM | $200,000 |
FRIENDS OF RJR AUDITORIUM PURPOSE: FUND IMPROVEMENTS TO RJR MEMORIAL AUDITORIUM | $150,000 |
WINSTON SALEM THEATRE ALLIANCE PURPOSE: ASSIST WITH CAPITAL CAMPAIGN | $75,000 |
CREATIVE CENTER OF NC PURPOSE: PROGRAM SERVICES SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |