Ac & Lillian D Bulla Memorial Foundation

RALEIGH, NC EIN: 56-6065232

THE PURPOSE OF THE A.C. AND LILLIAN D. BULLA MEMORIAL FOUNDATION, INC. IS TO USE THE NET INCOME RECEIVED FROM THE PRINCIPAL FUNDS HELD BY THE FOUNDATION FOR TWO PURPOSES: A STUDENT LOAN FUND AND A PERMANENT IMPROVEMENT FUND. THE STUDENT LOAN FUND IS AVAILABLE UPON AN APPLICATION AND REVIEW PROCESS AND APPROVAL BY THE BOARD. THE PERMANENT IMPROVEMENT FUND IS MEANT TO BE A LASTING TRIBUTE TO THE BULLAS AND IS AVAILABLE UPON APPROVAL OF THE BOARD.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$3.8M

+6.1% YoY

Annual Giving

$25K

-80.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$25K

-80.0% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$112K$224K$336K$448K20202021202220232024
Metric202420232022
Total Assets$3,773,117$3,554,530$3,310,018
Revenue$105,209$73,629$65,621
Expenses$47,113$147,851$116,690
Qualifying Distributions
Net Investment Income$95,263$63,404$55,564
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$31K$63K$94K$125K0 grants20200 grants20210 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

EDENTON STREET UNITED ME…$25K

Grant Size Distribution

2 grants across all recorded years

1<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Ac & Lillian D Bulla Memorial Foundation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JOHNNY NEESEPRESIDENT2
LEE BLACKVICE PRESIDENT2
BUDDY WHELESSBOARD MEMBER2
JOYCE LEDBETTERBOARD MEMBER2
MOLLY WATTERSBOARD MEMBER2
WILLIS SMITHBOARD MEMBER2

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

Cities

Raleigh

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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