Nonprofit · EIN 57-0757568
THE WILLIAM R KENAN JR FUND
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $6,532,171 | $5,008,485 | $1,523,686 | $64,708,541 | $0 | $64,708,541 |
| June 30, 2024 | 990-PF | $9,472,454 | $4,836,806 | $4,635,648 | $63,174,526 | $0 | $63,174,526 |
| June 30, 2023 | 990-PF | $4,492,798 | $4,621,840 | -$129,042 | $58,525,245 | $0 | $58,525,245 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $1,639,780
- Interest
- $189,184
- Net gain from sales of assets
- $4,238,033
- Other income
- $465,174
Expenses
- Grants and similar amounts paid
- $3,750,000
- Compensation of officers, directors and key employees
- $296,581
- Disbursements for charitable purposes
- $4,082,763
- Excise tax on investment income
- $79,512
Balance sheet and other
- Total assets, start of year
- $63,174,526
- Total assets, end of year
- $64,708,541
- Total liabilities, end of year
- $0
- Net assets, end of year
- $64,708,541
- Fair market value of assets
- $92,565,299
- Qualifying distributions
- $4,103,106
- Net investment income
- $6,066,997
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL W DRAKE PO BOX 194, NANTUCKET, MA 02554 | PRES./DIRECTOR | 20 | $185,120 | $0 |
| SUSAN BOWSER 310 BORDEAUX LANE, CARY, NC 27511 | ASSISTANT SECRETARY | 20 | $111,461 | $8,244 |
| THOMAS S KENAN III 106 LAUREL HILL CIRCLE, CHAPEL HILL, NC 27514 | VICE PRESIDENT/DIRECTOR | 3 | $0 | $0 |
| STERLING KENAN MCCRACKEN 1011 PINEHURST DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 3 | $0 | $0 |
| LIZA KENAN HOWELL 4940 BEAR VIEW DR, PARK CITY, UT 84098 | DIRECTOR | 3 | $0 | $0 |
| J HAYWOOD DAVIS 150 EAST 73RD STREET APT9C, NEW YORK, NY 10021 | DIRECTOR | 3 | $0 | $0 |
| ROBERT P BAYNARD JR 270 PARK AVENUE FLOOR 26, NEW YORK, NY 10021 | DIRECTOR | 3 | $0 | $0 |
| STEVEN R ARMSTRONG 111 CHARIOT COURT, CARY, NC 27519 | TREASURER | 3 | $0 | $0 |
| HOLT K HEMINGWAY 202 GOMEZ ROAD, HOBE SOUND, FL 33455 | SECRETARY/DIRECTOR | 3 | $0 | $0 |
| FRANK HAWKINS KENAN II 113 ASHLEY AVENUE, CHARLESTON, SC 29401 | DIRECTOR | 0 | $0 | $0 |
| CHRISTOPHER ARNDT SHUPING 309 OLD FRANKLIN GROVE, CHAPEL HILL, NC 27514 | DIRECTOR | 0 | $0 | $0 |
| EVAN STEWART GWYN 4091 DOVEFIELD DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 0 | $0 | $0 |
| GARETH GWYN 39 MIDDLEMONT AVENUE, ASHEVILLE, NC 28806 | DIRECTOR | 0 | $0 | $0 |
990-PF for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL W DRAKE PO BOX 194, NANTUCKET, MA 02554 | PRES./DIRECTOR | 20 | $178,000 | $0 |
| SUSAN BOWSER 310 BORDEAUX LANE, CARY, NC 27511 | ASSISTANT SECRETARY | 20 | $102,534 | $7,619 |
| THOMAS S KENAN III 106 LAUREL HILL CIRCLE, CHAPEL HILL, NC 27514 | VICE PRESIDENT/DIRECTOR | 3 | $0 | $0 |
| STERLING KENAN MCCRACKEN 1011 PINEHURST DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 3 | $0 | $0 |
| LIZA KENAN HOWELL 4940 BEAR VIEW DR, PARK CITY, UT 84098 | DIRECTOR | 3 | $0 | $0 |
| J HAYWOOD DAVIS 150 EAST 73RD STREET APT9C, NEW YORK, NY 10021 | DIRECTOR | 3 | $0 | $0 |
| ROBERT P BAYNARD JR 270 PARK AVENUE FLOOR 26, NEW YORK, NY 10021 | DIRECTOR | 3 | $0 | $0 |
| STEVEN R ARMSTRONG 111 CHARIOT COURT, CARY, NC 27519 | TREASURER | 3 | $0 | $0 |
| HOLT K HEMINGWAY 202 GOMEZ ROAD, HOBE SOUND, FL 33455 | SECRETARY/DIRECTOR | 3 | $0 | $0 |
| FRANK HAWKINS KENAN II 113 ASHLEY AVENUE, CHARLESTON, SC 29401 | DIRECTOR | 0 | $0 | $0 |
| CHRISTOPHER ARNDT SHUPING 309 OLD FRANKLIN GROVE, CHAPEL HILL, NC 27514 | DIRECTOR | 0 | $0 | $0 |
| EVAN STEWART GWYN 4091 DOVEFIELD DRIVE, CHAPEL HILL, NC 27517 | DIRECTOR | 0 | $0 | $0 |
| GARETH GWYN 39 MIDDLEMONT AVENUE, ASHEVILLE, NC 28806 | DIRECTOR | 0 | $0 | $0 |
990-PF for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL W DRAKE PO BOX 194, NANTUCKET, MA 02554 | PRES./TREASURER/DIRECT | 20 | $171,150 | $0 |
| SUSAN BOWSER 310 BORDEAUX LANE, CARY, NC 27511 | ASSISTANT SECRETARY | 20 | $98,419 | $7,331 |
| THOMAS S KENAN III 106 LAUREL HILL CIRCLE, CHAPEL HILL, NC 27514 | VICE PRESIDENT/DIRECTOR | 3 | $0 | $0 |
| ELIZABETH PRICE KENAN 121 CEDAR CLUB CIRCLE, CHAPEL HILL, NC 27515 | DIRECTOR | 3 | $0 | $0 |
| LIZA KENAN HOWELL 4940 BEAR VIEW DR, PARK CITY, UT 84098 | DIRECTOR | 3 | $0 | $0 |
| J HAYWOOD DAVIS 150 EAST 73RD STREET APT9C, NEW YORK, NY 10021 | DIRECTOR | 3 | $0 | $0 |
| ROBERT P BAYNARD JR 270 PARK AVENUE FLOOR 26, NEW YORK, NY 10021 | DIRECTOR | 3 | $0 | $0 |
| STEVEN R ARMSTRONG 111 CHARIOT COURT, CARY, NC 27519 | ASSISTANT TREASURER | 3 | $0 | $0 |
| HOLT K HEMINGWAY 202 GOMEZ ROAD, HOBE SOUND, FL 33455 | SECRETARY/DIRECTOR | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 EUROPA DR STE 525, CHAPEL HILL, NC 27517-2389
- In care of
- % STEVEN ARMSTRONG
- Signed the 990-PF
- DANIEL W DRAKE, PRESIDENT
- Phone
- (919) 967-0618
- Return prepared by
- STEVEN R ARMSTRONG
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 57-0757568
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $64,708,541
- Income (IRS master file)
- $16,358,810
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $6,532,171 | $5,008,485 | $64,708,541 | IRS |
| 990-PF | June 2024 | $9,472,454 | $4,836,806 | $63,174,526 | XML |
| 990-PF | June 2023 | $4,492,798 | $4,621,840 | $58,525,245 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0757568).
Questions about THE WILLIAM R KENAN JR FUND
- What is the EIN of THE WILLIAM R KENAN JR FUND?
- The employer identification number (EIN) of THE WILLIAM R KENAN JR FUND is 57-0757568.
- Is THE WILLIAM R KENAN JR FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THE WILLIAM R KENAN JR FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE WILLIAM R KENAN JR FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE WILLIAM R KENAN JR FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE WILLIAM R KENAN JR FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of THE WILLIAM R KENAN JR FUND?
- The 990-PF for the year ended June 30, 2025 lists 13 people; 2 received compensation from the organization, the highest $185,120 (DANIEL W DRAKE, PRES./DIRECTOR).
- How much revenue does THE WILLIAM R KENAN JR FUND have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $6,532,171, expenses of $5,008,485 and total assets of $64,708,541 at year end.
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