D Michael Warner-Elizabeth B Craven Foundation Trust is located in Chapel Hill, NC. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. D Michael Warner-Elizabeth B Craven Foundation Trust 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, D Michael Warner-Elizabeth B Craven Foundation Trust generated $519.2k in total revenue. All expenses for the organization totaled $684.1k during the year ending 12/2022.
Since 2018, D Michael Warner-Elizabeth B Craven Foundation Trust has awarded 30 individual grants totaling $2,660,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER LONG-TERM IMPROVEMENTS AND SOCIO-ECONOMIC OPPORTUNITIES AND QUALITY OF LIFE FOR LOW INCOME NORTH CAROLINIANS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
D Michael Warner Trustee | 0 | $0 | |
Elizabeth B Craven Trustee | 20 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $91,353 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $427,807 |
Capital Gain Net Income | $427,807 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $519,160 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $6,697 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,260 |
Total operating and administrative expenses | $49,096 |
Contributions, gifts, grants paid | $635,000 |
Total expenses and disbursements | $684,096 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $21,623 |
Savings and temporary cash investments | $296,285 |
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 | $3,873 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $5,125,185 |
Accounts payable and accrued expenses | $2,017 |
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 | $2,017 |
Over the last fiscal year, D Michael Warner-Elizabeth B Craven Foundation Trust has awarded $635,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
IMAGINE NC FIRST PURPOSE: TO PROVIDE SUPPORT | $100,000 |
EAST DURHAM CHILDRENS INITIATIVE PURPOSE: TO PROVIDE SUPPORT | $50,000 |
DEMOCRACY NC PURPOSE: TO PROVIDE SUPPORT | $100,000 |
NC CENTER FOR NONPROFITS PURPOSE: TO PROVIDE SUPPORT | $10,000 |
NC JUSTICE & COMMUNITY DEV CENTER PURPOSE: TO PROVIDE SUPPORT | $125,000 |
PLANNED PARENTHOOD SOUTH ATLANTIC PURPOSE: TO PROVIDE SUPPORT | $250,000 |