This foundation functions as an institutional funding vehicle for state employee and teacher benefits rather than a traditional philanthropic grantmaker. Its sole recorded payment is a large transfer into a Section 115 trust to fund retirement/benefit obligations, indicating its purpose is financial stewardship of public employee benefit liabilities and reserve management.
Extremely concentrated, single large internal transfer to a designated benefit trust rather than distributed grants to external nonprofits; functions as an institutional funding/asset-management vehicle.
$458.4M
$0
$42.2M
$503.1M
Most grants fall between $458.4M and $458.4M, with a median of $458.4M.
25th Percentile
$458.4M
Median
$458.4M
75th Percentile
$458.4M
About 100% of grants go to recipients in NC.
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Notable grantees: NORTH CAROLINA TEACHERS AND STATE EMPLOYEES' BENEFIT TRUST
2023
Source: IRS Form 990-PF, fiscal year 2023.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| NORTH CAROLINA TEACHERS AND STATE EMPLOYEES' BENEFIT TRUST | RALEIGH, NC | $458,411,799 | 2023 | TRANSFER TO SECTION 115 TRUST |
NORTH CAROLINA TEACHERS AND STATE EMPLOYEES' BENEFIT TRUST
$458,411,799TRANSFER TO SECTION 115 TRUST