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North Carolina Textile Foundation INC

Public charity
Other · RALEIGH, NC · EIN 56-6045324

About

The mission of the foundation is to advance wilson college of textiles through engagement, partnership and philanthropy. As a charitable organization, the foundation supports the college and DEAN of the college and such support shall include but is not limited to providing funds for scholarships to deserving undergraduate and graduate students; recruitment and retention of highly qualified students, educators and researchers; and placement of graduates. The foundation also assists in the acquisition and maintenance of state-of-the-art equipment and facilities for research and education.

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
17

Financial Snapshot

FY ending 2023-06-30
Revenue
$6.5M
Expenses
$4.7M
Assets
$84.2M
Liabilities
$463K

Financial history

$14.8M$7.4M$0
17181920212223
RevenueExpenses
Latest FY2023: $6.5M · Peak FY2019: $14.8M · Avg: $7.3M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$280K
NORTH CAROLINA TEXTILE FOUNDATION INC
Your actions

Address

NCSU BOX 7207
Raleigh, NC, 27695-720

Governance

Voting board members18
Independent members17
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %6.0%
Permanent endowment %70.6%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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