The William R Kenan Jr Fund

Organization Overview

The William R Kenan Jr Fund is located in Chapel Hill, NC. The organization was established in 1983. 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. William R Kenan Jr 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 06/2024, William R Kenan Jr Fund generated $9.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.8m during the year ending 06/2024. While expenses have increased by 4.7% 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.

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Board, Officers & Key Employees

Name (title)Compensation
Thomas S Kenan III
Vice President/director
$0
Sterling Kenan Mccracken
Director
$0
Liza Kenan Howell
Director
$0
Daniel W Drake
Pres./director
$178,000
J Haywood Davis
Director
$0
Robert P Baynard Jr
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $96,806
Interest on Savings $126,065
Dividends & Interest $1,505,995
Net Rental Income$0
Net Gain on Sale of Assets $7,284,941
Capital Gain Net Income $7,284,941
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $458,647
Total Revenue $9,472,454

Grants Awarded

Over the last fiscal year, The William R Kenan Jr Fund has awarded $3,451,500 in support to 2 organizations.

Grant RecipientAmount

KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION

PURPOSE: ECONOMIC POLICY INTITATIVE

$276,500

KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION

PURPOSE: OPERATIONS

$3,175,000
View Grant Profile

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