Mission
Our work today makes a better tomorrow by empowering people to achieve their academic goals. We provide financial assistance for higher education to benefit society and strengthen the economy of the state of North Carolina.
Public Charity
COLLEGE FOUNDATION INC
COLLEGE FOUNDATION INC is a Public Charity headquartered in Raleigh, NC. Financial data from the 2025 filing: $31.7M revenue, $32.1M expenses, $55.8M total assets. 1 publicly reported grants to this organization, totaling roughly $5K, appear in IRS filings.
EIN: 566046937
Raleigh, NC
Latest filing: 2025
Total Revenue$31.7M
Total Expenses$32.1M
Total Assets$55.8M
Grant Records1
Funding Total$5K
Filing Years2021–2025
Where $100 goes at College Foundation Inc
How College Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$93
Programs
the work itself
$7
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 $93 for programs
$50
Other program services
$20
NC 529 College Savings Program
$17
Information dissemination initiative
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
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 Received
EDUCATIONAL GRANT
$5,475
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
Trustee
A Hope Williams
Trustee
Brian K Reid
Chairman of Board
Charles J Stewart
Security Officer/Proj Mgr
Daniel F Sullivan
IT Operations Manager
Dawn S Harris
Trustee
Felicia Woodard
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $31.7M | $32.1M | $55.8M |
| 2024 | $27.3M | $25.0M | $51.1M |
| 2023 | $31.4M | $27.7M | $52.5M |
| 2022 | $28.6M | $27.9M | $54.7M |
| 2021 | $27.9M | $26.8M | $52.3M |
Between 2021 and 2025, reported annual revenue grew from $27.9M to $31.7M (+14%), with total assets most recently reported at $55.8M.
Interactive year-over-year charts and full filing details available with membership.