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Nonprofit · EIN 56-6061389

DOWD FOUNDATION INC

Tax-exempt · CHARLOTTE, NC 28235

Financials

$6.3M$4.6M2023$8.9M$5.2M2024
Revenue Expenses · by fiscal year end
Financials of DOWD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$8,898,359$5,161,758$3,736,601$79,612,541$0$79,612,541
December 31, 2023990-PF$6,322,258$4,587,725$1,734,533$77,795,709$0$77,795,709
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,224,828
Dividends
$2,251,893
Interest
$167,195
Net gain from sales of assets
$5,254,443

Expenses

Grants and similar amounts paid
$4,433,225
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$4,433,225
Excise tax on investment income
$96,535

Balance sheet and other

Total assets, start of year
$77,795,709
Total assets, end of year
$79,612,541
Total liabilities, end of year
$0
Net assets, end of year
$79,612,541
Fair market value of assets
$107,546,727
Qualifying distributions
$4,433,225
Net investment income
$7,673,531

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
W FRANK DOWD IV
PO BOX 35430, CHARLOTTE, NC 28235
PRESIDENT/DIRECTOR0$0
E HOOPER HARDISON JR
PO BOX 35430, CHARLOTTE, NC 28235
VICE PRESIDENT/DIRECTOR0$0
RODDEY DOWD JR
PO BOX 35430, CHARLOTTE, NC 28235
DIRECTOR0$0
LOIS WARREN
PO BOX 35430, CHARLOTTE, NC 28235
TREASURER/SECRETARY0$0
RODDEY DOWD III
PO BOX 35430, CHARLOTTE, NC 28235
DIRECTOR0$0
EDWARD J WOOD IV
PO BOX 35430, CHARLOTTE, NC 28235
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
W FRANK DOWD IV
PO BOX 35430, CHARLOTTE, NC 28235
PRESIDENT/DIRECTOR0$0
E HOOPER HARDISON JR
PO BOX 35430, CHARLOTTE, NC 28235
VICE PRESIDENT/DIRECTOR0$0
RODDEY DOWD JR
PO BOX 35430, CHARLOTTE, NC 28235
DIRECTOR0$0
LOIS WARREN
PO BOX 35430, CHARLOTTE, NC 28235
TREASURER/SECRETARY0$0
RODDEY DOWD III
PO BOX 35430, CHARLOTTE, NC 28235
DIRECTOR0$0
EDWARD J WOOD IV
PO BOX 35430, CHARLOTTE, NC 28235
DIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 35430, CHARLOTTE, NC 28235-5430
Signed the 990-PF
LOIS WARREN, TREASURER
Return prepared by
PWC US TAX LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
56-6061389
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1951
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$79,612,541
Income (IRS master file)
$21,852,616

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$8,898,359$5,161,758$79,612,541XML
990-PFDecember 2023$6,322,258$4,587,725$77,795,709XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6061389).

Questions about DOWD FOUNDATION INC

What is the EIN of DOWD FOUNDATION INC?
The employer identification number (EIN) of DOWD FOUNDATION INC is 56-6061389.
Is DOWD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
Are donations to DOWD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does DOWD FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of DOWD FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWD FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of DOWD FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does DOWD FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,898,359, expenses of $5,161,758 and total assets of $79,612,541 at year end.

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