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North Carolina · Nonprofit

The North Carolina A&T Real Estate Foundation Inc

The North Carolina A&T Real Estate Foundation Inc (North Carolina) receives grants from 46 organizations whose IRS filings report $9,495,098 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($2,674,076). 22 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$26M
Funders on record
46
Grants received
$9.5M
Net assets
$24M
22/46 repeat funderspeak grant-dependency 11%
01What it does

What The North Carolina A&T Real Estate Foundation Inc does

Mission

The mission of the Foundation is to support North Carolina AT State Universitys quality environment of exemplary teaching and learning, scholarly and creative research, and effective community engagement and public service through the acquisition, ownership, transfer, development, and management of real estate or real estate-related projects.

As stated on its FY2025 Form 990.

Programs

  1. The Foundation provides direct support to the University departments by the management of fund accounts that include restricted, unrestricted, scholarships, endowments and grants.

  2. To expand the footprint of the University and accomodate the increasing demand for student housing, the Foundation constructs, acquires, maintains, and manages student housing.

    $19,644,437 spent$25,676,828 earned by the program
    100% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $19,644,437.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($8.9M) Expenses 100 ($4.2M) Net assets 100 ($23M)2018 Revenue 78 ($7.0M) Expenses 114 ($4.8M) Net assets 114 ($27M)2019 Revenue 131 ($12M) Expenses 251 ($11M) Net assets 122 ($29M)2020 Revenue 292 ($26M) Expenses 504 ($21M) Net assets 142 ($33M)2021 Revenue 290 ($26M) Expenses 514 ($22M) Net assets 189 ($44M)2022 Revenue 371 ($33M) Expenses 616 ($26M) Net assets 224 ($52M)2023 Revenue 385 ($34M) Expenses 808 ($34M) Net assets 233 ($55M)2024 Revenue 292 ($26M) Expenses 595 ($25M) Net assets 101 ($24M)2025 Revenue 289 ($26M) Expenses 624 ($26M) Net assets 102 ($24M)
'17'18'19'20'21'22'23'24'25
Revenue (289)Expenses (624)Net assets (102)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $95M to $155M (+63%).

$63M
$86M
$95M
$155M
$167M
$169M
$189M
$164M
$178M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of The North Carolina A&T Real Estate Foundation Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$4.7M
’17
$2.2M
’18
$1.1M
’19
$4.8M
’20
$4.2M
’21
$7.2M
’22
$306k
’23
$1.0M
’24
−$496k
’25
1.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Adrienne Bain

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed111211141213171515
Joined·+1+1+4+3+4+5+1+1
No longer listed·02153131
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 5 funders to 13 funders, grant income rose $292k → $1.6M.

16 of 46 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 65% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of The North Carolina A&T Real Estate Foundation Inc’s funders (the co-funder graph). Top 30 of 46 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

The North Carolina A&T Real Estate Foundation Inc has a broad base — no single funder exceeds 28% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

75% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund The North Carolina A&T Real Estate Foundation Inc.

28%
largest funder
52%
top three
~8
effective funders

Largest funder’s share by year: 2017 87% · 2018 61% · 2019 53% · 2020 31% · 2021 27% · 2022 31% · 2023 34% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

28% of The North Carolina A&T Real Estate Foundation Inc's funders are still giving 3 years after their first grant; 48% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

65% of The North Carolina A&T Real Estate Foundation Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $3.3M that is directly attributable, 84% of it comes from funders outside North Carolina, across 16 states.

IL
MI
NY
MA
PA
NJ
CT
RI
MO
VA
DE
AZ
NC
OK
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $6.2M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

The North Carolina A&T Real Estate Foundation Inc has grown faster than three-quarters of the 3,794 education nonprofits its size.

Operating margin−2% · bottom quartile
Months of reserve1.3mo · bottom quartile
Revenue growth (annualized)14% · top quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like The North Carolina A&T Real Estate Foundation Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

75% of spending goes to programs.

Program 75%Management 25%Fundraising 0%

Governance

11
board members
91%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

81%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NC

Part of a family of 6 related entities

  • The NC A&T University Foundation LLC · disregarded
  • The NC A&T Real Estate Foundation LLC · disregarded
  • The NC A&T Investment Foundation Inc · disregarded
  • Aggie Apartment Life Holding Corporation LLC · disregarded
  • Bulldog Real Estate Holdings of East Greensboro LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for The North Carolina A&T Real Estate Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds The North Carolina A&T Real Estate Foundation Inc?
The North Carolina A&T Real Estate Foundation Inc (North Carolina) receives grants from 46 organizations whose IRS filings report $9,495,098 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($2,674,076). 22 of them have funded it in more than one year, and 65% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does The North Carolina A&T Real Estate Foundation Inc have?
IRS filings report 46 organizations giving $9,495,098 in grants to The North Carolina A&T Real Estate Foundation Inc, 22 of which have funded it in more than one year.
Who is the largest funder of The North Carolina A&T Real Estate Foundation Inc?
AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $2,674,076 in grants. The full list of funders is on this page.
How can an organization like The North Carolina A&T Real Estate Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds North Carolina A&T Real Estate →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 46 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing