The Morehead-cain Foundation
CHAPEL HILL, NC EIN: 56-0599225
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$225.5M
-0.6% YoY
Annual Giving
$13.8M
+7.9% YoY
Grant Count
409
+13.3% YoY
Avg Grant Size
$34K
-4.8% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $225,484,385 | $226,832,928 | $231,797,275 |
| Revenue | $15,335,263 | $10,574,596 | $9,499,160 |
| Expenses | $16,689,105 | $15,158,500 | $14,756,925 |
| Qualifying Distributions | $15,537,054 | $14,692,611 | $14,109,436 |
| Net Investment Income | $5,195,455 | $6,500,951 | $6,255,067 |
| Distributable Amount | $16,034,676 | $15,700,202 | $16,588,765 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
1,530 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does The Morehead-cain Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID C WRIGHT III | CHAIRMAN/TRUSTEE | 5 | $5,203 |
| WILLIE E ALSTON JR | TRUSTEE | 2.5 | $2,601 |
| PHIL BERNEY | TRUSTEE | 2.5 | — |
| A HOLLY C GWYNNE-TIMOTHY | TRUSTEE | 2.5 | $2,601 |
| TERRI LACY | TRUSTEE | 2.5 | $2,601 |
| RACHEL M PFEIFER | TRUSTEE | 2.5 | $2,601 |
| WALKER L POOLE | TRUSTEE | 2.5 | $2,601 |
| TIMOTHY P SULLIVAN | VICE CHAIRMAN/TRUSTEE | 2.5 | $2,601 |
| MEGAN M MAZZOCCHI | VICE PRESIDENT | 40 | $234,150 |
| STEVEN R MICHALAK | TREASURER | 40 | $234,150 |
| DAVID B GREER | DIRECTOR OF DEVELOPMENT | 40 | $198,500 |
| CHRISTOPHER J BRADFORD | PRESIDENT | 40 | $499,196 |
| JESSE M SOLOFF | VICE PRESIDENT OF COMMUNITY | 40 | $112,735 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
North Carolina $48.8M (100%)
South Carolina $70K (0%)
Tennessee $13K (0%)
Colorado $9K (0%)
Montana $4K (0%)
New Mexico $4K (0%)
Virginia $4K (0%)
Washington $4K (0%)
Cities
AlbuquerqueAshevilleCarrboroCaryChapel HillCharlestonCharlotteChattanoogaDenverDurhamHot SpringsMemphisMissoulaRaleighRichmondSalisburySeattle
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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