The William R Kenan Jr Fund

Chapel Hill, NC
Tax-exempt since Dec. 1983
EIN: 57-0757568

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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.

Donations to this organization are tax deductible.

Revenue

$9.47M (2024)

Expenses

$4.84M (2024)

Total Assets

$63.2M (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 June
2024

Revenue

$9,472,454

Expenses

$4,836,806

Net Income

$4,635,648

Net Assets

$63,174,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$96,806	1.0%
Interest Revenue	$126,065	1.3%
Dividends	$1,505,995	15.9%
Sales of Assets	$7,284,941	76.9%
Other Income	$458,647	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,963,592	81.9%
Compensation of Officers*	$280,534	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$63,174,526
Total Liabilities	$0
Net Assets	$63,174,526

Compensation

Key Employees and Officers	Compensation	Other
Daniel W Drake (Pres./Director)	$178,000	$0
Susan Bowser (Assistant Secretary)	$102,534	$7,619
Thomas S Kenan Iii (Vice President/Director)	$0	$0
Sterling Kenan Mccracken (Director)	$0	$0
Liza Kenan Howell (Director)	$0	$0
J Haywood Davis (Director)	$0	$0
Robert P Baynard Jr (Director)	$0	$0
Steven R Armstrong (Treasurer)	$0	$0
Holt K Hemingway (Secretary/Director)	$0	$0
Frank Hawkins Kenan Ii (Director)	$0	$0
Christopher Arndt Shuping (Director)	$0	$0
Evan Stewart Gwyn (Director)	$0	$0
Gareth Gwyn (Director)	$0	$0

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990-PF

Filed on Nov. 7, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$4,492,798

Expenses

$4,621,840

Net Income

-$129,042

Net Assets

$58,525,245

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,736	0.6%
Interest Revenue	$53,803	1.2%
Dividends	$1,394,709	31.0%
Sales of Assets	$2,611,906	58.1%
Other Income	$406,644	9.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,900,409	84.4%
Compensation of Officers*	$269,569	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$58,525,245
Total Liabilities	$0
Net Assets	$58,525,245

Compensation

Key Employees and Officers	Compensation	Other
Daniel W Drake (Pres./Treasurer/Direct)	$171,150	$0
Susan Bowser (Assistant Secretary)	$98,419	$7,331
Thomas S Kenan Iii (Vice President/Director)	$0	$0
Elizabeth Price Kenan (Director)	$0	$0
Liza Kenan Howell (Director)	$0	$0
J Haywood Davis (Director)	$0	$0
Robert P Baynard Jr (Director)	$0	$0
Steven R Armstrong (Assistant Treasurer)	$0	$0
Holt K Hemingway (Secretary/Director)	$0	$0

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990-PF

Filed on May 7, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$3,328,530

Expenses

$4,588,361

Net Income

-$1,259,831

Net Assets

$58,618,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,558	0.0%
Dividends	$1,228,022	36.9%
Sales of Assets	$1,658,010	49.8%
Other Income	$440,940	13.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,752,014	81.8%
Compensation of Officers*	$256,734	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$58,618,980
Total Liabilities	$74
Net Assets	$58,618,906

Compensation

Key Employees and Officers	Compensation	Other
Daniel W Drake (Pres./Treasurer/Direct)	$163,000	$0
Susan Bowser (Assistant Secretary)	$93,734	$7,003
Thomas S Kenan Iii (Vice President/Director)	$0	$0
Elizabeth Price Kenan (Director)	$0	$0
Liza Kenan Howell (Director)	$0	$0
J Haywood Davis (Director)	$0	$0
Robert P Baynard Jr (Director)	$0	$0
Steven R Armstrong (Assistant Treasurer)	$0	$0
Holt K Hemingway (Secretary/Director)	$0	$0

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990-PF

Filed on Nov. 7, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$5,238,170

Expenses

$4,766,598

Net Income

$471,572

Net Assets

$59,913,037

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,306	0.0%
Dividends	$1,110,565	21.2%
Sales of Assets	$3,663,873	69.9%
Other Income	$462,426	8.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,805,005	79.8%
Compensation of Officers*	$254,034	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,913,111
Total Liabilities	$74
Net Assets	$59,913,037

Compensation

Key Employees and Officers	Compensation	Other
Daniel W Drake (Pres./Treasurer/Direct)	$163,000	$0
Susan Bowser (Assistant Secretary)	$91,034	$0
Thomas S Kenan Iii (Vice President/Director)	$0	$0
Elizabeth Price Kenan (Director)	$0	$0
Liza Kenan Howell (Director)	$0	$0
J Haywood Davis (Director)	$0	$0
Robert P Baynard Jr (Director)	$0	$0
Steven R Armstrong (Assistant Treasurer)	$0	$0
Holt K Hemingway (Secretary/Director)	$0	$0

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990-PF

Filed on Nov. 10, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$20,209,720

Expenses

$4,879,029

Net Income

$15,330,691

Net Assets

$59,265,163

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,900	0.0%
Interest Revenue	$9,233	0.0%
Dividends	$1,267,316	6.3%
Sales of Assets	$18,516,618	91.6%
Other Income	$412,653	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,061,575	83.2%
Compensation of Officers*	$257,264	5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,265,237
Total Liabilities	$74
Net Assets	$59,265,163

990-PF

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

PDF

Fiscal Year Ending June
2019

Revenue

$6,123,268

Expenses

$3,842,456

Net Income

$2,280,812

Net Assets

$43,910,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$48,065	0.8%
Interest Revenue	$20,122	0.3%
Dividends	$1,290,492	21.1%
Sales of Assets	$4,374,006	71.4%
Other Income	$390,583	6.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,190,245	83.0%
Compensation of Officers*	$242,266	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$43,910,333
Total Liabilities	$74
Net Assets	$43,910,259

990-PF

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

PDF

Fiscal Year Ending June
2018

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 June
2017

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 June
2016

Revenue

$1,860,863

Expenses

$3,418,173

Net Income

-$1,557,310

Net Assets

$48,568,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,075	0.6%
Dividends	$1,259,565	67.7%
Sales of Assets	$203,896	11.0%
Other Income	$385,327	20.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,819,994	82.5%
Compensation of Officers*	$176,945	5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,568,867
Total Liabilities	$74
Net Assets	$48,568,793

990-PF

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

PDF

Fiscal Year Ending June
2015

Revenue

$2,721,030

Expenses

$3,381,521

Net Income

-$660,491

Net Assets

$50,118,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$600	0.0%
Interest Revenue	$18,990	0.7%
Dividends	$1,267,223	46.6%
Sales of Assets	$1,041,623	38.3%
Other Income	$392,594	14.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,741,792	81.1%
Compensation of Officers*	$295,377	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,118,619
Total Liabilities	$74
Net Assets	$50,118,545

990-PF

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

PDF

Fiscal Year Ending June
2014

Revenue

$4,563,927

Expenses

$3,359,462

Net Income

$1,204,465

Net Assets

$50,707,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$24,614	0.5%
Dividends	$1,611,289	35.3%
Sales of Assets	$2,239,281	49.1%
Other Income	$688,743	15.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,630,432	78.3%
Compensation of Officers*	$232,326	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$50,707,799
Total Liabilities	$74
Net Assets	$50,707,725

990-PF

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

PDF

Fiscal Year Ending June
2013

Revenue

$5,829,844

Expenses

$2,815,285

Net Income

$3,014,559

Net Assets

$49,897,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,374	0.5%
Interest Revenue	$0
Dividends	$1,245,924	21.4%
Sales of Assets	$4,126,501	70.8%
Other Income	$427,045	7.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,257,761	80.2%
Compensation of Officers*	$216,128	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$49,897,580
Total Liabilities	$74
Net Assets	$49,897,506

990-PF

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

PDF

Fiscal Year Ending June
2012

Revenue

$3,039,380

Expenses

$3,431,664

Net Income

-$392,284

Net Assets

$47,016,726

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,000	0.5%
Interest Revenue	$8,846	0.3%
Dividends	$1,374,312	45.2%
Sales of Assets	$954,417	31.4%
Other Income	$685,805	22.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,608,627	76.0%
Compensation of Officers*	$354,291	10.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,016,726
Total Liabilities	$0
Net Assets	$47,016,726

990-PF

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

PDF

Fiscal Year Ending June
2011

Revenue

$1,415,082

Expenses

$3,399,887

Net Income

-$1,984,805

Net Assets

$47,370,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,842	1.5%
Dividends	$835,646	59.1%
Sales of Assets	$0
Other Income	$828,283	58.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,471,812	72.7%
Compensation of Officers*	$597,671	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,370,164
Total Liabilities	$0
Net Assets	$47,370,164

990-PF

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

PDF

Fiscal Year Ending June
2010

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 June
2009

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 June
2008

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 June
2007

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 June
2006

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 June
2005

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 June
2004

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 June
2003

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 June
2002

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

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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Updated June 30, 2025

The William R Kenan Jr Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $9.47M (2024)

Expenses $4.84M (2024)

Total Assets $63.2M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$9.47M (2024)

Expenses

$4.84M (2024)

Total Assets

$63.2M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002