Public Charity

TBC Foundation

TBC Foundation is a Public Charity headquartered in Durham, NC. Financial data from the 2025 filing: $2.3M revenue, $135K expenses, $2.2M total assets. IRS filings disclose 7 grants awarded by this foundation, totaling roughly $88K.

EIN: 995017980 Durham, NC Protestant NTEE: X21 Latest filing: 2025
Total Revenue$2.3M
Total Expenses$135K
Total Assets$2.2M
Grants Given7
Grant Total$88K
Filing Years2025

Mission

To steward and responsibly manage the charitable assets received from the dissolution of Trinity Baptist Church and to advance charitable, religious, and community initiatives through strategic grantmaking to qualified Section 501(c)(3) organizations under the oversight of the Board of Directors.

Where $100 goes at TBC Foundation

How TBC Foundation divides every $100 it spends, from its own Form 990 filings.

$94 Programs the work itself
$6 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $94 for programs

$94
Steward and managed the charitable assets received from the dissolution of Trinity Baptist Church and to actively support and fund a diverse range of qualified Section 501(c)(3) organizations…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

Cameron, NC · 2025
Kenya Prison Ministry / Documentary
$20,000
TWR
Cary, NC · 2025
Fund Evangelical Resources
$17,000
Wake Forest, NC · 2025
NC Sate Fair Event
$15,000
BIMI
Harrison, TN · 2025
Printing of New Song Books
$10,000
Brevard, NC · 2025
Fund Kenya Camp Trip
$10,000

Showing up to 5 of 7 total records — full history available with membership.

Officers & Directors

Trustee Lucas Beaver
Trustee Michael Bowers
President Michael Kennon
Trustee Todd King

Officer compensation and complete director data available with membership.

Top Grant Purposes

Religion & Spirituality
$53,500 4 grants
Education
$10,000 1 grant
Youth Development
$10,000 1 grant
Unspecified
$15,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.3M $135K $2.2M

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in NC, OH, SC, TN.

NCOHSCTN

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for TBC Foundation

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