How much does Nc State Investment Fund Inc give?

Nc State Investment Fund Inc reported 10 grants totaling $73,600,336 in its FY2024 IRS filing. It funded between 9 and 10 organizations a year over FY2017 to FY2023.

What does Nc State Investment Fund Inc fund?

By grant dollars over FY2017 to FY2024, its largest causes are Education (88%), Health (7%), Food & Nutrition (2%).

Who are Nc State Investment Fund Inc's largest grantees?

By total granted over FY2017 to FY2024: Nc State University ($165M), North Carolina State University Foundation Inc ($118M), The North Carolina Agricultural Foundation Inc ($40M).

Does Nc State Investment Fund Inc fund new organizations?

In FY2023, 10% of the organizations it funded were first-time grantees.

Which funders back the same organizations as Nc State Investment Fund Inc?

Its strongest co-funders, measured against what their size predicts, include Duke Energy Foundation, Foundation for the Carolinas, The Pfizer Foundation Inc.

Where is Nc State Investment Fund Inc based?

Nc State Investment Fund Inc is based in NC.

Nc State Investment Fund Inc

Nc State Investment Fund Inc at a glance

· Public charity

Nc State Investment Fund Inc

The organization supports north carolina state university by operating an investment fund.

$74M

Granted FY2024still arriving

Grants FY2024still arriving

States reached

$24M

Largest

01What it funds

01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Education$383MHealth$32MFood & Nutrition$7.7MScience & Tech$6.2MEnvironment$2.7MPhilanthropy$1.4M

02FY2024 · 10 grants

Where the money goes

Grants by size, and the largest recipients.

$3,275,966

Median grant

States reached

$2.5B

Total assets

Largest grants
Recipient	Amount
ENDOWMENT FUND OF NC STATE UNIVERSITY	$23,526,490
NC STATE UNIVERSITY FOUNDATION INC	$22,824,070
THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC	$6,625,200
NC STATE ENGINEERING FOUNDATION INC	$5,871,871
NORTH CAROLINA VETERINARY MEDICAL FOUNDATION INC	$3,275,966
NC STATE ALUMNI ASSOCIATION INC	$2,868,200
NC STATE TEXTILE FOUNDATION INC	$2,700,551
NC STATE UNIVERSITY STUDENT AID ASSOCIATION INC	$2,284,748
NC STATE NATURAL RESOURCES FOUNDATION INC	$2,081,805
NC STATE UNIVERSITY COLLEGE OF SCIENCES FOUNDATION INC	$1,541,435

02The need

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 8%, against an area that typically sits at 7%. 100% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

grant to an above-average-need area below average· circle size = grant amount

How this is measured

Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

How this is measured

US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.

03Its grantees

repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

100%of every dollar goes to organizations it has funded before.

$433M · 11 repeat orgs$0 to everyone else

11 repeat relationships: 10 still active in FY2024, 1 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

Total granted

$433M

Still filing today

82%

New vs renewed · share of each year

In FY2024, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

EducationHealthPhilanthropyOther

How this is measured

First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

NC
NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC
8× · 2017–2024 · $118M · revenue +232% · 46% of their budget
TN
THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC
8× · 2017–2024 · $40M · revenue +55% · 29% of their budget
NS
NC STATE ENGINEERING FOUNDATION INC
8× · 2017–2024 · $36M · revenue +172% · 46% of their budget

Funded once

How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

Northern State University Foundation

The Northern State University Foundation is dedicated to securing the future of Northern State University. Its purpose is to solicit and administer funds and to pursue other activities to advance this goal.

—

Nc State University Partnership Corporation

To support and benefit north carolina state university with the aim of creating new knowledge and improving the lives of the people of north carolina.

—

National Council of Farmer Cooperatives

To advance the business and policy interests of america's cooperatives and other farmer-owned enterprises.

—

Transportation Energy Institute

The fuels institute/transportation energy institute will deliver comprehensive and balanced research and analysis concerning fuels, vehicles, and related policy issues in order to create a market in which consumers can safely,…

Unclassified

National University Foundation

To cultivate partnerships, secure resources, and productively engage donors, alumni, and other supporters to advance nu and affiliates in the achievement of their vital work.

Education

California State University Alumni Association

Connect, engage and celebrate alumni, students and friends of sacramento state while building lifelong relationships that support the future of our university.

Education

North Dakota State University Foundation

Building enduring relationships that maximize advocacy and philanthropy to support North Dakota State University.

Education

Northwest Commission on Colleges and Universities

Northwest Commission on Colleges and Universities accredits institutions of higher education by applying evidence-informed standards and processes to support continuous improvements and promote equitable student achievement and success.

Education

University of North Carolina At Charlotte Investment Fund

The university of north carolina at charlotte investment fund, inc. (unccif) is a north carolina not-for-profit organization established to support the university of north carolina at charlotte (unc charlotte) by providing investment…

Education

National Association of College and University Attorneys

To advance the practice of higher education attorneys for the benefit of the institutions they serve.

—

University Corporation for Atmospheric Research

See schedule ouniversity corporation for atmospheric research (ucar), on behalf of, and in cooperation with its member university members, is engaged in the management of long-term atmospheric and related research and educational…

Science & Tech

Northeast College of Health Sciences

Northeast college of health sciences (the college) is committed to academic excellence, leadership, and professional best practices in the health sciences.

Education

How this is measured

The grantee most central to the portfolio’s shape is North Carolina State University Foundation Inc; the most unlike its peers is Nc State Student Aid Association Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.

04the grantee network

10 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 10 of the 11 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

Load-bearing (≥25% of a budget)

Early backer (in before they grew)

9/10

Grantees still filing

10/10

Grew since first funded

Where the money sits, by cause and then by grantee

Education$201,714,613Other$183,700,027Health$39,578,171Philanthropy$8,312,084

Each grantee by its size and the funder’s share of it; top left is load-bearing

Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Duke Energy FoundationNC15.9× affinity6 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Duke Energy Foundation · Foundation for the Carolinas · The Pfizer Foundation Inc · North Carolina Community Foundation · Morgan Stanley Global Impact Funding Trust Inc · Ge Aerospace Foundation · Gs Donor Advised Philanthropy Fund for Wealth Management Inc · Vanguard Charitable Endowment Program · The Blackbaud Giving Fund · Charities Aid Foundation America · National Philanthropic Trust · Natl Christian Charitable Fdn Inc

How this is measured

Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Nc State Investment Fund Inc funds: left to right is the share of its income from government, bottom to top the share from Nc State Investment Fund Inc. Bigger dots raise more.

2025

’20’21’22’23’24’25

no gov moneyreceives it· size = income

0get no government money at all

1report government grants on their 990 we could not trace to a source (not plotted)

0rely on government for over half their income

⤢ axis zoomed · 0–5%

typical government reliance, FY20–25

How this is measured

Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

Play a game based on Nc State Investment’s filings →

More from the funding graph

The unnamed billions

grants reported with no recipient in the public record

The regranting layer

51% of grant dollars land in the regranting layer

The DAF merry-go-round

$9.7B circulates between donor-advised funds

The endowment market

who holds foundation money, and what just moved

The camps

funders cluster by geography, not ideology

By state

where grant money is based, and what stays home