Luddy Charitable Foundation

Raleigh, NC
Tax-exempt since Nov. 2003
EIN: 11-3660572

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$7.73M (2024)

Expenses

$3.14M (2024)

Total Assets

$61.1M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$7,734,622

Expenses

$3,140,462

Net Income

$4,594,160

Net Assets

$61,080,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,310,449	42.8%
Interest Revenue	$392,244	5.1%
Dividends	$807,592	10.4%
Sales of Assets	$3,224,337	41.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,002,000	95.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$61,080,549
Total Liabilities	$0
Net Assets	$61,080,549

Compensation

Key Employees and Officers	Compensation	Other
Robert L Luddy (Director)	$0	$0
William H Francis Jr (Secretary)	$0	$0

990-PF

Filed on Nov. 11, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$31,260,255

Expenses

$2,043,558

Net Income

$29,216,697

Net Assets

$56,618,386

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,271,241	68.0%
Interest Revenue	$587,723	1.9%
Dividends	$706,990	2.3%
Sales of Assets	$8,694,301	27.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,001,000	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,618,386
Total Liabilities	$0
Net Assets	$56,618,386

Compensation

Key Employees and Officers	Compensation	Other
Robert L Luddy (Director)	$0	$0
William H Francis Jr (Secretary)	$0	$0

990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$899,955

Expenses

$87,538

Net Income

$812,417

Net Assets

$27,458,170

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,533	2.2%
Dividends	$791,517	88.0%
Sales of Assets	$88,905	9.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	1.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,458,170
Total Liabilities	$0
Net Assets	$27,458,170

Compensation

Key Employees and Officers	Compensation	Other
Robert L Luddy (Director)	$0	$0
William H Francis Jr (Secretary)	$0	$0

990-PF

Filed on June 30, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$4,166,342

Expenses

$80,389

Net Income

$4,085,953

Net Assets

$26,677,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$366,177	8.8%
Interest Revenue	$255	0.0%
Dividends	$897,453	21.5%
Sales of Assets	$2,902,457	69.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,677,659
Total Liabilities	$0
Net Assets	$26,677,659

Compensation

Key Employees and Officers	Compensation	Other
Robert L Luddy (Director)	$0	$0
William H Francis Jr (Secretary)	$0	$0

990-PF

Filed on Oct. 26, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$2,311,560

Expenses

$1,120,144

Net Income

$1,191,416

Net Assets

$22,583,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,873,856	81.1%
Interest Revenue	$21,074	0.9%
Dividends	$536,537	23.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,051,000	93.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,583,382
Total Liabilities	$1
Net Assets	$22,583,381

Compensation

Key Employees and Officers	Compensation	Other
Robert L Luddy (Director)	$0	$0
William H Francis Jr (Secretary)	$0	$0

990-PF

Filed on Sept. 1, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$3,891,942

Expenses

$1,080,227

Net Income

$2,811,715

Net Assets

$21,409,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000,000	77.1%
Interest Revenue	$0
Dividends	$606,081	15.6%
Sales of Assets	$276,772	7.1%
Other Income	$9,089	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,001,000	92.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,409,876
Total Liabilities	$0
Net Assets	$21,409,876

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$2,093,165

Expenses

$2,734,659

Net Income

-$641,494

Net Assets

$18,552,245

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$601,953	28.8%
Sales of Assets	$1,491,212	71.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,578,000	94.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,552,245
Total Liabilities	$0
Net Assets	$18,552,245

Compensation

Key Employees and Officers	Compensation	Other
Robert Luddy (Director)	$0	$0
William H Frances Jr (Secretary)	$0	$0

990-PF

Filed on May 7, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$1,273,163

Expenses

$3,981,444

Net Income

-$2,708,281

Net Assets

$15,188,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$745,937	58.6%
Sales of Assets	$527,226	41.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,901,000	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,188,885
Total Liabilities	$0
Net Assets	$15,188,885

Compensation

Key Employees and Officers	Compensation	Other
Robert Luddy (Director)	$0	$0
William H Frances Jr (Secretary)	$0	$0

990-PF

Filed on May 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$5,785,676

Expenses

$3,370,151

Net Income

$2,415,525

Net Assets

$47,828

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,506,603	60.6%
Interest Revenue	$0
Dividends	$11,475	0.2%
Sales of Assets	$2,252,876	38.9%
Other Income	$14,722	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,314,987	98.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,828
Total Liabilities	$0
Net Assets	$47,828

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$162,250

Expenses

$1,019,547

Net Income

-$857,297

Net Assets

$10,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,411	8.9%
Sales of Assets	$144,747	89.2%
Other Income	$3,092	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,001,000	98.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,903
Total Liabilities	$0
Net Assets	$10,903

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$2,431,535

Expenses

$2,624,616

Net Income

-$193,081

Net Assets

$532,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,002,325	82.3%
Interest Revenue	$0
Dividends	$19,321	0.8%
Sales of Assets	$409,889	16.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,565,000	97.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$532,665
Total Liabilities	$0
Net Assets	$532,665

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$8,433,681

Expenses

$5,224,965

Net Income

$3,208,716

Net Assets

$1,461,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,729,381	79.8%
Interest Revenue	$0
Dividends	$19,510	0.2%
Sales of Assets	$1,684,790	20.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,200,200	99.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,461,603
Total Liabilities	$0
Net Assets	$1,461,603

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,624,103

Expenses

$3,005,789

Net Income

$618,314

Net Assets

$9,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,043,275	84.0%
Interest Revenue	$0
Dividends	$10	0.0%
Sales of Assets	$580,818	16.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,000,000	99.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,111
Total Liabilities	$0
Net Assets	$9,111

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Luddy Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.73M (2024)

Expenses $3.14M (2024)

Total Assets $61.1M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$7.73M (2024)

Expenses

$3.14M (2024)

Total Assets

$61.1M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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Fiscal Year Ending Dec.
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