EIN 88-1729194

Bill and Peggy Britt Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2022
Most recent tax filings
2023-12-01
Description
The Bill and Peggy Britt Foundation is a private foundation located in Chapel Hill, NC that primarily funds family grants and financial aid. Its purpose is to operate exclusively for religious, charitable, scientific, literary and educational purposes. The foundation has made seven grants in the past year to grantees such as William Peace University and others.
Total revenues
$2,009,976
2023
Total expenses
$2,006,659
2023
Total assets
$271,554
2023
Num. employees
0
2023

Program areas at Bill and Peggy Britt Foundation

The Foundation was organized and is operated exclusively for religious, charitable, scientific, literary and educational purposes with in the meaning of internal revenue code section 501(c)(3), including the making of distributions to organizations that qualify as exempt organizations under the code 501(c)(3). It will operate as a private non-operating Foundation that awards grants as defined in treas. Reg. Section 53.4945-4(a)(2) to other charitable organizations recognized as exempt from taxation under code section 501(c)(3), and more specifically, to such organizations with innovative ideas for achieving their exempt purposes. All grants that will be awarded will further the Foundation's exempt purpose as a charitable grant-making organization.

Grants made by Bill and Peggy Britt Foundation

GranteeGrant descriptionAmount
William Peace UniversityFamily Grant, Financial Aid$500,000
St Jude Children's Research HospitalFamily Grant, Financial Aid$500,000
Samaritan's PurseFamily Grant, Financial Aid$500,000
...and 3 more grants made

Personnel at Bill and Peggy Britt Foundation

NameTitleCompensation
G Bryant GarnerPresident$0

Financials for Bill and Peggy Britt Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,000,000
Investment income and dividends$9,976
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,009,976

Form 990s for Bill and Peggy Britt Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-03990PFView PDF
2022-122023-07-13990PFView PDF
Data update history
August 25, 2023
Updated personnel
Identified 3 new personnel
August 24, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 19, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
812 Kenmore Rd
Chapel Hill, NC 27514
Metro area
Durham-Chapel Hill, NC
County
Orange County, NC
Phone
(919) 755-6684
IRS details
EIN
88-1729194
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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