Institute Capital Inc
Grantmaking foundation in Raleigh, North Carolina · EIN 56-2142717
- Total giving
- $56KTax year 2024
- Total assets
- $41MLatest reported
- Latest IRS filing
- 2024Form 990 / 990-PF
Mission
INSTITUTE CAPITAL, INC. IS A NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO DEVELOP AND/OR PRESERVE AFFORDABLE HOUSING, ENCOURAGE AND STIMULATE COMMUNITY AND ECONOMIC DEVELOPMENT, AND EXPAND ECONOMIC OPPORTUNITIES AND PROVIDE FINANCING FOR COMMUNITY DEVELOPMENT. INSTITUTE CAPITAL INC. IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. DEPARTMENT OF THE TREASURY AND IS SUPPORTED PRIMARILY BY GOVERNMENT GRANTS AND INCOME FROM LOANS. THE ORGANIZATION'S INVESTMENT AREA INCLUDES NORTH CAROLINA, SOUTH CAROLINA, VIRGINIA, WEST VIRGINIA, KENTUCKY, AND THE DC METRO AREA.
Giving by year
Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.
Top recipients
| Recipient | Amount | Tax year |
|---|---|---|
| Granit Training Group LLC | $150K | 2022 |
| Cunningham & Sons Mortuary Inc | $100K | 2022 |
| Simmons Early Intervention Therapy | $100K | 2022 |
| C&M Unisex Hair Salon and Barbersho | $33K | 2022 |
| Heart to Heart Sitter Services LLC | $25K | 2022 |
Amounts are rounded. The full grantee list is available with a free account.
Website: theinstitutenc.org/icap
See the full profile. All grants with amounts and years, board and officers, contact details, giving patterns and your organization's fit score are available with a free GrantAuthority account.
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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.