Nucor Charitable Foundation
- Assets
- $17.5m
- Revenue
- $25.3m
- Investments
- $17.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2022
- EIN
- 87-3559274
Organization Overview
Nucor Charitable Foundation is located in Charlotte, NC. 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. Nucor Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Nucor Charitable Foundation has awarded 24 individual grants totaling $9,685,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Russell Assistant Secretary | 0.5 | $0 | |
A Rae Eagle Director | 0.5 | $0 | |
Benjmain Pickett Director | 0.5 | $0 | |
D Chad Utermark Director | 0.5 | $0 | |
Daniel King Director | 0.5 | $0 | |
Greg Murphy Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $339,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $606 |
| Capital Gain Net Income | $606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,339,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,890 |
| Contributions, gifts, grants paid | $7,810,000 |
| Total expenses and disbursements | $7,835,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4 |
| Savings and temporary cash investments | $0 |
| 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 | $16,407,307 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,503,934 |
| 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, Nucor Charitable Foundation has awarded $9,685,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $750,000 |
AFRO-AMERICAN CULTURAL CENTER PURPOSE: GENERAL SUPPORT | $300,000 |
2020 WOMEN ON BOARDS PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL SUPPORT | $100,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $15,000 |
CAROLINAS AVAITON MUSEUM (SULLENBERGER AVIATION MUSEUM) PURPOSE: GENERAL SUPPORT | $100,000 |