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Nc Idea

Historical Funder

Durham, North Carolina · EIN 01-0702442 · Private foundation · Website

Grants paid (2024)$2.6M
Organizations funded190
Typical grant$7,500
Total assets$51.6M

Half of its grants to organizations were between $5,000 and $20,000.

From the return

How to apply

The foundation filed the following application information (Form 990-PF Part XV, tax year 2024):

ContactNC IDEA
Address411 W CHAPEL HILL STREET SUITE C2, DURHAM NC 27701
Phone9199415600
Form and materialsTHE ORGANIZATION'S $10,000 MICRO GRANT PROVIDES SMALL AMOUNTS OF FUNDING TO ENTREPRENEURS WHO ARE TESTING A BIG, NEW BUSINESS IDEA. THROUGH SMALL, PROJECT-BASED GRANTS, THE ORGANIZATION GRANTS MICRO AWARDS FUNDING UP TO $10,000 TO YOUNG COMPANIES LOOKING TO VALIDATE AND ADVANCE THEIR IDEA. MANAGEMENT HAS FOUND THAT FUNDING, PAIRED WITH MENTORSHIP AND GUIDANCE, EARLY IN A COMPANY'S LIFECYCLE, CAN MAKE A SIGNIFICANT IMPACT ON FUTURE SUCCESS. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICANT COMPANY IN THE FOLLOWING AREAS: IDEA, TECHNOLOGY, TEAM, MARKET, COMPETITION, STRATEGY, FUNDING, AND IMPACT. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND HERE: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/
DeadlinesADDITIONAL DETAILS ON THE SUBMISSION TIMELINE CAN BE FOUND AT: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/
RestrictionsFOR MICRO GRANTS, NC IDEA'S EVALUATION PROCESS IS RIGOROUS AND COMPETITIVE. COMPANIES MUST MEET CRITERIA RELATED TO GEOGRAPHY, INDUSTRY, STAGE OF DEVELOPMENT, TEAM, MARKET OPPORTUNITY, AND PRIOR AND FUTURE INVESTMENT IN ORDER TO BE CONSIDERED. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/ SUBMISSION DEADLINES: NC IDEA'S MICRO GRANT PROGRAM HAS TWO GRANT CYCLES EACH YEAR. OUR SPRING GRANT CYCLE TYPICALLY OPENS IN MID-FEBRUARY, WHILE OUR FALL GRANT CYCLE OPENS SOMETIME BETWEEN MID-AUGUST AND EARLY SEPTEMBER.

Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.

What it funds

Share of grant lines on the latest return, classified from the purpose each grant states.

  • Community Development16
  • Education4
  • Children & Youth3
  • Arts & Culture2
  • Human Services1

Where it gives

2% of grants went outside North Carolina.

Grants paid in tax year 2024

RecipientLocationPurposeAmount
Black Girl Magic MarketAngier, NCEcosystem grants$65,000
First Flight Venture CenterResearch Triangle Park, NCEcosystem grants$63,360
Forward CitiesDurham, NCEcosystem grants$60,000
Ab CommunityDurham, NCEcosystem grants$51,667
Matcha NudeArden, NCSeed grants$50,000
WheelpriceCharlotte, NCSeed grants$50,000
Atlantic Fish CoRaleigh, NCSeed grants$45,000
Hoppy Planet FoodsCharlotte, NCSeed grants$45,000
ProsperaCharlotte, NCEcosystem grants$45,000
SunlightCary, NCSeed grants$45,000
VirnikaChapel Hill, NCSeed grants$42,502
GwenCharlotte, NCEcosystem grants$40,000
Hatch Avl FoundationAsheville, NCEcosystem grants$40,000
RiotRaleigh, NCEcosystem grants$40,000
Charlotte Regional Business Alliance FoundationCharlotte, NCEcosystem grants$35,000
Industrial CommonsMorganton, NCEcosystem grants$35,000
Living Better LifeRocky Mount, NCEcosystem grants$35,000
Academic Insight LabRaleigh, NCSeed grants$35,000
Redirection CdcGreenville, NCEcosystem grants$35,000
Scale SocialRaleigh, NCSeed grants$35,000
Junction Business Services IncCharlotte, NCEcosystem grants$34,000
FashivityCharlotte, NCSeed grants$31,250
VerenovoWilkesboro, NCSeed grants$30,000
Wayne Charitable PartnershipGoldsboro, NCEcosystem grants$30,000
We Power FoodHillsborough, NCEcosystem grants$30,000
Webb SquaredPittsboro, NCEcosystem grants$30,000
Winston StartsWinstonsalem, NCEcosystem grants$30,000
Xr TechnologiesCharlotte, NCSeed grants$30,000
Arclet LLCAsheville, NCSeed grants$26,500
WeyezeGreenville, NCSeed grants$26,100
Blush CoworkCary, NCEcosystem grants$25,000
FlexieCharlotte, NCSeed grants$25,000
GamefloNew York, NYSeed grants$25,000
GrowmetixCharlotte, NCEcosystem grants$25,000
HustleWinstonsalem, NCEcosystem grants$25,000
Mountain Bizworks IncAsheville, NCEcosystem grants$25,000
Nc Central UniversityDurham, NCEcosystem grants$25,000
Provident 1898Durham, NCEcosystem grants$25,000
The Wright VillageRaleigh, NCEcosystem grants$25,000
Uncw CieWilmington, NCEcosystem grants$25,000
3 Spark DesignHickory, NCRural impact$20,000
Active DefenderCarthage, NCRural impact$20,000
Vetoncodx LLCRaleigh, NCSeed grants$20,000
City of WilsonWilson, NCEcosystem grants$20,000
Shannon AtkinsSanford, NCRural impact$20,000
Cydoc CorpDurham, NCSeed grants$20,000
Ab CommunityDurham, NCEngage grants$20,000
NeliSanford, NCRural impact$20,000
Asheville Area Chamber of Commerce Community Betterment FoundationAsheville, NCEcosystem grants$20,000
OsrostrumGraham, NCSeed grants$20,000
PhiniteClinton, NCRural impact$20,000
Pitt Community CollegeGreenville, NCEcosystem grants$20,000
Renaissance FiberWinstonsalem, NCRural impact$20,000
StemzWinstonsalem, NCRural impact$20,000
That PitchCharlotte, NCSeed grants$20,000
Central Carolina Community CollageSanford, NCSeed grants$20,000
VerenovoWilkesboro, NCRural impact$20,000
Cydoc CorpDurham, NCMindset grants$17,500
KahminoRaleigh, NCSeed grants$15,100
Bristles IncDurham, NCSeed grants$15,000

Showing the 60 largest of 190 grants to organizations.

Giving by year

Tax yearGrants paidGrant lines
2024$2,569,331190
2023$1,631,746176
2022$3,479,170168

Sources

Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.