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The Millennium Fund CO Winston-Salem Foundation at a glanceAlso receives grants: funding profile →

· Public charity

The Millennium Fund CO Winston-Salem Foundation

Help in the development of downtown Winston-Salem, NC via projects, infrastructure, business recruitment, and site selection.

$1.4M
Granted FY2024still arriving
7
Grants FY2024still arriving
1
States reached
$800k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
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.

Community Improvement$2.2MArts & Culture$639kEducation$200kRecreation & Sports$135k
02FY2024 · 7 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • $10k–50k2 grants · $50k
  • $50k–250k4 grants · $535k
  • $250k+1 grant · $800k
$75,000
Median grant
1
States reached
$1.5M
Total assets
Largest grants
RecipientAmount
Greater Winston-Salem Inc$800,000
UNC School of the Arts Foundation$200,000
Winston-Salem State University Foundation$200,000
North Carolina Black Reperatory Company$75,000
Winston Starts$60,000
RiverRun International Film Festival$40,000
Bookmarks$10,000
02The need
03

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 15%, against an area that typically sits at 11%. 100% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%INDO-US CULTURAL ASSOCIATION OF WINSTON-SALEM: $5k → 15%NORTH CAROLINA BLACK REPERTORY COMPANY: $75k → 15%NATIONAL CYCLING CENTER INC: $20k → 15%NATIONAL CYCLING CENTER INC: $10k → 15%Greater Winston-Salem Inc: $800k → 15%Greater Winston-Salem Inc: $500k → 15%Downtown Winston-Salem Foundation: $250k → 15%Downtown Winston-Salem Foundation: $100k → 15%North Carolina Black Reperatory Company: $75k → 15%Winston Starts: $60k → 15%Winston Starts: $60k → 15%WINSTON-SALEM BUSINESS INC FBO HERBALIFE: $42k → 15%RiverRun International Film Festival: $40k → 15%RiverRun International Film Festival: $40k → 15%Agile City Winston-Salem: $40k → 15%RIVERRUN INTERNATIONAL FILM FESTIVAL: $40k → 15%RiverRun International Film Festival: $40k → 15%BOOKMARKS: $25k → 15%THE ARTS COUNCIL INC: $25k → 15%DOWNTOWN WINSTON-SALEM COMMUNITY CINEMA: $24k → 15%DOWNTOWN WINSTON-SALEM PARTNERSHIP: $20k → 15%DOWNTOWN WINSTON-SALEM COMMUNITY CINEMA: $20k → 15%RIVERRUN INTERNATIONAL FILM FESTIVAL: $10k → 15%VENTURE CAFE WINSTON-SALEM INC: $10k → 15%Bookmarks: $10k → 15%BOOKMARKS: $10k → 15%Bookmarks: $10k → 15%VENTURE CAFE WINSTON-SALEM INC: $5k → 15%SWIFTWATER MEDIA LLC: $5k → 15%Winston-Salem State University Foundation: $200k → 15%UNC School of the Arts Foundation: $200k → 15%PHUZZ SOUNDS LLC: $10k → 15%0%20%40%50%more need →
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.

49%of every dollar goes to organizations it has funded before.
$1.6M · 8 repeat orgs$1.6M to everyone else

8 repeat relationships: 4 still active in FY2024, 4 since wound down; 3 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

8
7

Total granted

$1.6M
$420k

Median revenue growth · since first grant

+10%
+24%

Still filing today

100%
57%

New vs renewed · share of each year

In FY2024, 13% of grant dollars renewed an existing relationship; $1.2M went to new ones.

50%100%’17’18’23’24
RenewedFirst-time

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

’17’18’23’24
Community ImprovementArts & CultureEducationRecreation & SportsOther
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

  • GW
    GREATER WINSTON-SALEM DEVELOPMENT CORP
    3× · 2017–2023 · $942k · revenue +16% · 56% of their budget
  • NC
    NORTH CAROLINA BLACK REPERTORY COMPANY INC
    4× · 2017–2024 · $150k · revenue +10%
  • WS
    WINSTON STARTS
    5× · 2020–2024 · $120k · revenue +17%

Funded once

  • DW
    DOWNTOWN WINSTON-SALEM FOUNDATION INC
    3× · 2021–2023 · $350k · revenue -82% · 90% of their budget
  • TA
    THE ARTS COUNCIL INC
    one grant, 2017 · $25k · revenue +24%
  • DW
    DOWNTOWN WINSTON-SALEM PARTNERSHIP INC
    2× · 2017–2020 · $20k · revenue +16%
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.

1
The Millennium Fund Co Winston-Salem Foundation

Help in the development of downtown Winston-Salem, NC via projects, infrastructure, business recruitment, and site selection.

Philanthropy
2
Muse Winston-Salem

To connect, enrich, and enlarge the community through history, storytelling, an informed, balanced perspective that leads to acceptance, understanding, and belonging.

Philanthropy
3
Wpda Inc

The organization seeks to foster meaningful job growth, lessen the burdens of the governments of winston-salem and forsyth county by preventing economic deterioration of an at-risk area, and support the mission of local educational…

Community Improvement
4
Creative Corridors Coalition

To gather community input into the design, planning and construction of roadway infrastructure projects in and around downtown winston-salem, nc

Community Improvement
5
Wireless Research Center of North Carolina

The Wireless Research Center is an independent, private nonprofit research center dedicated to applied research and engineering. Located in North Carolina's Research Triangle region, the WRC helps clients from around the world develop…

Science & Tech
6
Greater Wilmington Chamber of Commerce

To protect and strengthen the wilmington business community and help businesses grow and thrive by providing members with business-building programs and events to help them connect and do business with one another.

—
7
North Carolina Azalea Festival at Wilmin

The North Carolina Azalea Festival celebrates our community's art, gardens, history, and culture through educational, recreational, and family-friendly events that promote volunteerism, civic pride, and regional economic growth.

Arts & Culture
8
Research Triangle Regional Partnership

The research triangle regional partnership is an association of area economic development agencies dedicated to keeping the research triangle region economically strong by collectively marketing the region's competitive advantages and…

—
9
Winston Salem Center for Education and the Arts

The mission of winston-salem center for education and the arts is to enrich the winston-salem community by providing operating space and nurturing non-profit organizations that offer intellectual and spiritual growth through education and…

Community Improvement
10
North Carolina Symphony Society Inc

To be north carolina's state orchestra, an orchestra achieving the highest level of artistic quality and performance standards, and embracing its dual legacies of statewide service and music education.

Arts & Culture
11
The Little Theatre of Winston-Salem Inc

The mission is to provide the community an avenue for education and development in all aspects of theatrical arts and to provide entertainment for the community by offering a series of well-staged performances of live theatre.

Arts & Culture
12
Wayne County Development Alliance Inc

Enhance economic development

Community Improvement
How this is measured
The grantee most central to the portfolio’s shape is Greater Winston-Salem Development Corp; the most unlike its peers is North Carolina Black Repertory Company 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

21 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.

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

2
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
20/21
Grantees still filing
13/21
Grew since first funded

Where the money sits, by cause and then by grantee

GREATER WINSTON-SALEM DEVELOPMENT CORP: $941,667 · Community ImprovementGREATER WINSTON-SALEM DEVELOPMENT CORPDOWNTOWN WINSTON-SALEM FOUNDATION INC: $350,000 · Community ImprovementDOWNTOWN WINSTON-SALEM FOUNDATION INCWINSTON STARTS: $120,000 · Community ImprovementWINSTON STARTSAGILE CITY WINSTON-SALEM: $55,000 · Community ImprovementGREATER WINSTON-SALEM INC: $800,000 · OtherGREATER WINSTON-SALEM INC+6 more: $70,000 · Other+6 moreWinston-Salem State University Foundation Inc: $200,000 · EducationWinston-Salem St…University of North Carolina School of the Arts Foundation Inc: $200,000 · EducationUniversity of No…BOOKMARKS INC: $55,000 · EducationBOOKMARKS INCRIVERRUN INTERNATIONAL FILM FESTIVAL: $170,000 · Arts & CultureRIVERRUN INT…NORTH CAROLINA BLACK REPERTORY COMPANY INC: $150,000 · Arts & CultureNORTH CAROLI…Downtown Winston-Salem Community Cinema: $43,691 · Arts & CultureDowntown Win…NATIONAL CYCLING CENTER INC: $30,000 · Recreation & Sports
Community Improvement$1,466,667Other$870,000Education$455,000Arts & Culture$363,691Recreation & Sports$30,000

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

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetGREATER WINSTON-SALEM DEVELOPMENT CORP: $941,667 over 3y, 56% of budgetGREATER WINSTON-SALEM INC: $800,000 over 2y, 21% of budgetDOWNTOWN WINSTON-SALEM FOUNDATION INC: $350,000 over 3y, 90% of budgetWinston-Salem State University Foundation Inc: $200,000 over 1y, 2.2% of budgetUniversity of North Carolina School of the Arts Foundation Inc: $200,000 over 1y, 2.1% of budgetRIVERRUN INTERNATIONAL FILM FESTIVAL: $170,000 over 8y, 13% of budgetNORTH CAROLINA BLACK REPERTORY COMPANY INC: $150,000 over 4y, 3.6% of budgetWINSTON STARTS: $120,000 over 5y, 4.6% of budgetBOOKMARKS INC: $55,000 over 5y, 2.9% of budgetAGILE CITY WINSTON-SALEM: $55,000 over 6y, 16% of budgetDowntown Winston-Salem Community Cinema: $43,691 over 2y, 3.2% of budgetNATIONAL CYCLING CENTER INC: $30,000 over 3y, 1.7% of budgetNATIONAL SPORTS MEDIA ASSOCIATION INC: $5,000 over 1y, 2.4% of budget
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.

The Winston-Salem Fou…Twin City Development…Reynolds American Fou…North Carolina Baptis…Ta John W and Anna H …Forsyth Memorial Hosp…The Arts Council IncWake Forest UniversityRichard Wood Averill …Flow Foundation IncStrickland Family Fou…Reynolds Foundation 1…
The Winston-Salem FoundationNC28.8× affinity12 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Winston-Salem Foundation · Twin City Development Foundation · Reynolds American Foundation · North Carolina Baptist Hospital · Ta John W and Anna H Hanes Foundation · Forsyth Memorial Hospital Inc · The Arts Council Inc · Wake Forest University · Richard Wood Averill Charitable Trust aka Richard Wood Averill Foundation · Flow Foundation Inc · Strickland Family Foundation Cynthia a S Graham · Reynolds Foundation 186-8803582

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 The Millennium Fund CO Winston-Salem Foundation funds: left to right is the share of its income from government, bottom to top the share from The Millennium Fund CO Winston-Salem Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%6%25%56%100%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    7report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–15%
    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.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 18 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Millennium Fund CO Winston-Salem’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