Hall Foundation Inc
- Assets
- $1.1m
- Revenue
- $37.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/1982
- Data as of
- 12/2023
- EIN
- 61-0996178
Organization Overview
Hall Foundation Inc is located in Charlotte, NC. The organization was established in 1982. 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. Hall 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, Hall Foundation Inc generated $37.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $83.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hall Foundation Inc has awarded 145 individual grants totaling $594,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT OF VARIOUS 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene S Hall Director | 1 | $0 | |
K Michael Hall Vice-President | 1 | $0 | |
Patricia Hall Burd President | 1 | $0 | |
Abby Burd Buford Secretary | 1 | $0 | |
Becca Hall Jones Treasurer | 1 | $0 | |
Kyle M Hall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $51 |
| Dividends & Interest | $22,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,519 |
| Total operating and administrative expenses | $7,788 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $83,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,390 |
| Savings and temporary cash investments | $6,822 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,110,684 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,132,896 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hall Foundation Inc has awarded $76,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: TO PROVIDE PATIENT AND FAMILY SERVICES, INFORMATION AND REFERRAL, EDUCATION, AND ADVOCACY TO THOSE LIVING WITH ALZHEIMER'S DISEASE. | $5,000 |
CLASSROOM CENTRAL PURPOSE: PROVIDE ESSENTIAL SCHOOL SUPPLIES TO HIGH-NEED SCHOOLS | $5,000 |
COLLEGE HEIGHTS FOUNDATION PURPOSE: SUPPORT THE SCHOLARSHIP FUND FOR SCIENCE AND ENGINEERING AT WESTERN KENTUCKY UNIVERSITY. | $10,000 |
CRISIS ASSISTANCE MINISTRY PURPOSE: TO PROVIDE ASSISTANCE AND ADVOCACY FOR PEOPLE IN FINANCIAL CRISIS, HELPING THEM MOVE TOWARD SELF-SUFFICIENCY. | $4,500 |
EASTERSEALSUNITED CEREBRAL PALSY PURPOSE: TO HELP INIVIDUALS WITH DISABILITIES AND MENTAL HEALTH CHALLENGES LIVE THEIR BEST POSSIBLE LIFE | $5,000 |
FARAJAH FUND FOUNDATION PURPOSE: TO SUPPORT THE FARAJA PRIMARY SCHOOL IN NORTHERN TANZANIA, WHERE CHILDREN WITH PHYSICAL DISABILITIES RECEIVE HIGH QUALITY EDUCATION, LIFE SKILLS TRAINING AND MEDICAL CARE. | $6,000 |