North Carolina Glaxosmithkline Foundation

Organization Overview

North Carolina Glaxosmithkline Foundation is located in Durham, NC. The organization was established in 1986. 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. North Carolina Glaxosmithkline Foundation 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 12/2022, North Carolina Glaxosmithkline Foundation generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, North Carolina Glaxosmithkline Foundation has awarded 194 individual grants totaling $24,319,775. 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)Compensation
Robert A Ingram
Chairman
$3,000
S Mark Werner
Director
$4,000
Ann B Goodnight
Director
$4,000
Margaret B Dardess
Director
$4,000
Shirley T Frye
Director
$4,000
Thomas R Haber
Director
$4,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Glaxosmithkline Inc
$700,104
Miller Portfolio Advisors
$120,184
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $129,326
Interest on Savings $0
Dividends & Interest $3,201,285
Net Rental Income$0
Net Gain on Sale of Assets $1,340,276
Capital Gain Net Income $1,340,276
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $4,670,887

Grants Awarded

Over the last fiscal year, North Carolina Glaxosmithkline Foundation has awarded $2,751,943 in support to 5 organizations.

Grant RecipientAmount

EAST CAROLINA UNIVERSITY FOUNDATION INC

PURPOSE: TO SUPPORT "GROWING A DIVERSE PUBLIC HEALTH WORKFORCE FOR RURAL NORTH CAROLINA THROUGH GRADUATE SCHOOL PATHWAYS."

$1,315,000

MCREL

PURPOSE: FUNDING TO CONTINUE PROVIDING ASSISTANCE IN THE IMPLEMENTATION AND EVALUATION OF THE RIBBON OF HOPE PROGRAM, FROM APRIL 2022 TO MARCH 2023.

$41,943

NORTH CAROLINA PUBLIC HEALTH ASSOCIATION

PURPOSE: FUNDING FOR CHILD HEALTH AWARDS

$40,000

THE CENTER FOR INQUIRY BASED LEARNING INC

PURPOSE: TO PROVIDE FUNDING TO ESTABLISH THE INCREASING SCIENCE, TEACHING, AND LEARNING (INSTAL) PROJECT BY PROVIDING SCIENCE MATERIAL KITS TO TWO MARTIN COUNTY MIDDLE SCHOOLS.

$25,000

UNC CHAPEL HILL

PURPOSE: TO SUPPORT THE EQUITY FELLOWS PROGRAM, DESIGNED TO ADDRESS ISSUES OF DISADVANTAGED STUDENTS WHO DON'T GRADUATE ON TIME WITH AN UNDERGRADUATE DEGREE AND THE DROP-OUT ISSUE OF THESE STUDENTS.

$1,330,000
View Grant Profile

Peer Organizations

Organization NameAssets
Zeist Foundation Inc
Atlanta, GA
$11,964,064
Soma Foundation Inc
Columbus, GA
$20,183,946
Dominion Energy Charitable Foundation
Richmond, VA
$24,733,672
Charles A Cannon Charitable Trust N0 One
Concord, NC
$19,999,630
2040 Foundation Inc
Charlotte, NC
-$421,090
John William Pope Foundation
Raleigh, NC
$5,809,394
Georgia Power Foundation Inc In Receivership
Atlanta, GA
$10,669,851
Quality Senior Housing Foundation Of East Texas Inc
Atlanta, GA
$15,450,680
Families And Communities Rising Inc
Durham, NC
$15,997,149
J R Hyde Iii Foundation
Memphis, TN
$18,323,305
Mary Reynolds Babcock Foundation Incorporated
Winstonsalem, NC
$55,868,843
Anverse Inc
Cartersville, GA
$21,672,326
Edward C And Linda Dresner Levy Foundation
Reston, VA
$4,609,179
The Gary W Rollins Foundation
Atlanta, GA
$14,234,904
Danville Regional Foundation
Danville, VA
$26,099,177
Northrop Grumman Foundation
Falls Church, VA
$15,108,191
Cannon Foundation Inc
Concord, NC
$9,085,868
Anonymous Trust
Raleigh, NC
$4,755,382
Uga Real Estate Foundation Inc
Athens, GA
$16,057,330
Gambrell Foundation
Charlotte, NC
-$23,882,443
National Policing Institute
Arlington, VA
$14,115,250
The Eddie And Jo Allison Smith Family Foundation Inc
Greenville, NC
$30,986,328
Bradley Turner Foundation Inc
Columbus, GA
$5,231,314
The Ma-Ran Foundation
Atlanta, GA
$3,953,714
Delta Air Lines Foundation
Atlanta, GA
$13,927,826

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