Nonprofit · EIN 58-1976597
WILLIAM R KENAN JR FUND FOR THE ARTS
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $3,222,164 | $2,365,737 | $856,427 | $33,398,003 | $0 | $33,398,003 |
| June 30, 2024 | 990-PF | $4,491,496 | $2,266,123 | $2,225,373 | $32,535,043 | $0 | $32,535,043 |
| June 30, 2023 | 990-PF | $2,286,080 | $2,175,581 | $110,499 | $30,302,671 | $0 | $30,302,671 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $856,339
- Interest
- $98,627
- Net gain from sales of assets
- $2,267,185
- Other income
- $13
Expenses
- Grants and similar amounts paid
- $1,950,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,128,929
- Excise tax on investment income
- $42,227
Balance sheet and other
- Total assets, start of year
- $32,535,043
- Total assets, end of year
- $33,398,003
- Total liabilities, end of year
- $0
- Net assets, end of year
- $33,398,003
- Fair market value of assets
- $47,962,390
- Qualifying distributions
- $2,191,631
- Net investment income
- $3,222,164
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS S KENAN III 106 LAUREL HILL CIRCLE, CHAPEL HILL, NC 27514 | CHAIRMAN/DIRECTOR | 0 | $0 |
| LIZA KENAN HOWELL 4940 BEAR VIEW DR, PARK CITY, UT 84098 | DIRECTOR | 0 | $0 |
| STERLING KENAN MCCRACKENT 1011 PINEHURST DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 0 | $0 |
| DANIEL W DRAKE PO BOX 194, NANTUCKET, MA 02554 | PRESIDENT/DIRECTOR | 0 | $0 |
| J HAYWOOD DAVIS 150 EAST 73RD ST APT 9C, NEW YORK, NY 10021 | DIRECTOR | 0 | $0 |
| ROBERT P BAYNARD JR 270 PARK AVENUE FLOOR 26, NEW YORK, NY 10017 | DIRECTOR | 0 | $0 |
| STEVEN R ARMSTRONG 111 CHARIOT COURT, CARY, NC 27519 | TREASUER | 0 | $0 |
| HOLT K HEMINGWAY 202 GOMEZ ROAD, HOBE SOUND, FL 33455 | SECRETARY/DIRECTOR | 0 | $0 |
| SUSAN BOWSER 310 BORDEAUX LANE, CARY, NC 27511 | ASSISTANT SECRETARY | 0 | $0 |
| FRANK HAWKINS KENAN II 113 ASHLEY AVENUE, CHARLESTON, SC 29401 | DIRECTOR | 0 | $0 |
| CHRISTOPHER ARNDT SHUPING 309 OLD FRANKLIN GROVE, CHAPEL HILL, NC 27514 | DIRECTOR | 0 | $0 |
| EVAN STEWART GWYN 4901 DOVEFIELD DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 0 | $0 |
| GARETH GWYN 39 MIDDLEMONT AVENUE, ASHEVILLE, NC 28806 | DIRECTOR | 0 | $0 |
990-PF for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS S KENAN III 106 LAUREL HILL CIRCLE, CHAPEL HILL, NC 27514 | CHAIRMAN/DIRECTOR | 0 | $0 |
| LIZA KENAN HOWELL 4940 BEAR VIEW DR, PARK CITY, UT 84098 | DIRECTOR | 0 | $0 |
| STERLING KENAN MCCRACKENT 1011 PINEHURST DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 0 | $0 |
| DANIEL W DRAKE PO BOX 194, NANTUCKET, MA 02554 | PRESIDENT/DIRECTOR | 0 | $0 |
| J HAYWOOD DAVIS 150 EAST 73RD ST APT 9C, NEW YORK, NY 10021 | DIRECTOR | 0 | $0 |
| ROBERT P BAYNARD JR 270 PARK AVENUE FLOOR 26, NEW YORK, NY 10017 | DIRECTOR | 0 | $0 |
| STEVEN R ARMSTRONG 111 CHARIOT COURT, CARY, NC 27519 | TREASUER | 0 | $0 |
| HOLT K HEMINGWAY 202 GOMEZ ROAD, HOBE SOUND, FL 33455 | SECRETARY/DIRECTOR | 0 | $0 |
| SUSAN BOWSER 310 BORDEAUX LANE, CARY, NC 27511 | ASSISTANT SECRETARY | 0 | $0 |
| FRANK HAWKINS KENAN II 113 ASHLEY AVENUE, CHARLESTON, SC 29401 | DIRECTOR | 0 | $0 |
| CHRISTOPHER ARNDT SHUPING 309 OLD FRANKLIN GROVE, CHAPEL HILL, NC 27514 | DIRECTOR | 0 | $0 |
| EVAN STEWART GWYN 4901 DOVEFIELD DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 0 | $0 |
| GARETH GWYN 39 MIDDLEMONT AVENUE, ASHEVILLE, NC 28806 | DIRECTOR | 0 | $0 |
990-PF for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS S KENAN III 106 LAUREL HILL CIRCLE, CHAPEL HILL, NC 27514 | CHAIRMAN/DIRECTOR | 0 | $0 |
| LIZA KENAN HOWELL 4940 BEAR VIEW DR, PARK CITY, UT 84098 | DIRECTOR | 0 | $0 |
| ELIZABETH PRICE KENAN PO BOX 4150, CHAPEL HILL, NC 27515 | VICE PRESIDENT/DIRECTOR | 0 | $0 |
| DANIEL W DRAKE PO BOX 194, NANTUCKET, MA 02554 | PRESIDENT/TREASURER/DIRECT | 0 | $0 |
| J HAYWOOD DAVIS 150 EAST 73RD ST APT 9C, NEW YORK, NY 10021 | DIRECTOR | 0 | $0 |
| ROBERT P BAYNARD JR 270 PARK AVENUE FLOOR 26, NEW YORK, NY 10017 | DIRECTOR | 0 | $0 |
| STEVEN R ARMSTRONG 111 CHARIOT COURT, CARY, NC 27519 | ASSISTANT TREASUER | 0 | $0 |
| HOLT K HEMINGWAY 202 GOMEZ ROAD, HOBE SOUND, FL 33455 | SECRETARY/DIRECTOR | 0 | $0 |
| SUSAN BOWSER 310 BORDEAUX LANE, CARY, NC 27511 | ASSISTANT SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 EUROPA DR STE 525, CHAPEL HILL, NC 27517-2389
- Signed the 990-PF
- DANIEL W DRAKE, PRESIDENT
- Phone
- (919) 962-8150
- Return prepared by
- STEVEN R ARMSTRONG
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 58-1976597
- 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
- 1992
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $33,398,003
- Income (IRS master file)
- $8,593,161
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $3,222,164 | $2,365,737 | $33,398,003 | XML |
| 990-PF | June 2024 | $4,491,496 | $2,266,123 | $32,535,043 | XML |
| 990-PF | June 2023 | $2,286,080 | $2,175,581 | $30,302,671 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | 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 58-1976597).
Questions about WILLIAM R KENAN JR FUND FOR THE ARTS
- What is the EIN of WILLIAM R KENAN JR FUND FOR THE ARTS?
- The employer identification number (EIN) of WILLIAM R KENAN JR FUND FOR THE ARTS is 58-1976597.
- Is WILLIAM R KENAN JR FUND FOR THE ARTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to WILLIAM R KENAN JR FUND FOR THE ARTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIAM R KENAN JR FUND FOR THE ARTS file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIAM R KENAN JR FUND FOR THE ARTS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM R KENAN JR FUND FOR THE ARTS last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of WILLIAM R KENAN JR FUND FOR THE ARTS?
- The 990-PF for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does WILLIAM R KENAN JR FUND FOR THE ARTS have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $3,222,164, expenses of $2,365,737 and total assets of $33,398,003 at year end.
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