Private foundation (trust)EIN 566059951Est. 1964-09

CHALLENGE FUND

CHAPEL HILL, NC 27517

Total Assets

$5.4M

FY 2023

Annual Giving

$263K

FY 2023

Grants Made

11

FY 2023

Avg Grant

$24K

FY 2023

Grant Range

$5K–$60K

Typical

Deadlines

Applications

Financial Snapshot

2023 filing

Total Expenses

$294K

Qualifying Distributions

$274K

Distributable Amount

$253K

Min. Investment Return

$254K

Undistributed Income

$242K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

11 grants

Grant sizes from minimum $5K through median $20K to maximum $60K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2020 to 2023. Peak $290K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

53 grants

SANTA BARBARA MUSEUM OF ART
$248K
4 grants
RAINFOREST TRUST
$145K
3 grants
EARTHJUSTICE
$63K
2 grants
FOODBANK OF SANTA BARBARA COUNTY
$61K
3 grants
CLUB NOVA
$58K
2 grants
DIRECT RELIEF
$51K
2 grants
EQUAL JUSTICE INITIATIVE
$47K
2 grants
HOPE RENOVATIONS
$40K
3 grants

Grant Size Distribution

53 grants

<$10K
25
grants
$10–50K
26
grants
$50–250K
2
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

7 states

California
$482K
46% of total
Virginia
$220K
21% of total
North Carolina
$161K
15% of total
New York
$119K
11% of total
Alabama
$47K
4% of total
Maryland
$15K
1% of total
Oregon
$5K
0% of total

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CHALLENGE FUND — Grants, Financials & Contact | Grantivo