Overview

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Est.

1900

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

LEES-MCRAE COLLEGE INC is an undergraduate education nonprofit focused on educating and inspiring students to approach life and work from a creative, collaborative, and critical perspective in preparation for diverse careers and environments. In filing year 2025, it reported an operating budget of $34.3M and total revenue of $52.3M, with major funding from FOUNDATION FOR THE CAROLINAS, CHARLES A CANNON TRUST NO 1, and Lettie Pate Whitehead Foundation Inc.

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Mission Statement

LEES-MCRAE COLLEGE EDUCATES AND INSPIRES STUDENTS TO APPROACH LIFE AND WORK FROM A CREATIVE, COLLABORATIVE, AND CRITICAL PERSPECTIVE IN PREPARATION FOR DIVERSE CAREERS AND ENVIRONMENTS

Cause Areas

1
Undergraduate education

Board & Team

D
DR Herbert L King Jr
Board Member
N
Neil Ramo
Board Member
N
Nancy Hoyt
Board Member

Financials

2024
Revenues
$36.3M
Expenses
$37.7M
Net Income:
-$1.4M
Assets
$123.2M
Liabilities
$50.8M
Net Assets:
+$72.4M

Financial Trends

2024
Operating Budget
$26.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "FOUNDATION FOR THE CAROLINAS"
FOUNDATION FOR THE CAROLINAS
Charlotte, NC, US
$10.6M
< 1%
CHARLES A CANNON TRUST NO 1
Concord, NC, US
$2.6M
2%
Lettie Pate Whitehead Foundation Inc
Atlanta, GA, US
$1.4M
< 1%

Grants Received

2024
Total No. of Grants
29
Median grant size
$10.7K
Largest grant received
$6.9M
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  • 77 funders
  • 78 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is LEES-MCRAE COLLEGE INC’s budget?
In 2024, LEES-MCRAE COLLEGE INC reported an annual operating budget of around $26.1 million. More detailed financial information is available to registered users.
What causes does LEES-MCRAE COLLEGE INC support?
LEES-MCRAE COLLEGE INC supports work in Undergraduate education.
Where does LEES-MCRAE COLLEGE INC operate?
LEES-MCRAE COLLEGE INC is headquartered in BANNER ELK, NC.
Who funded LEES-MCRAE COLLEGE INC recently?
In 2025, LEES-MCRAE COLLEGE INC received grants from CHARLES A CANNON CHARITABLE TRUST NO 3, CHARLES A CANNON TRUST NO 1, and CECILIA YOUNG WILLARD HELPING FUND. More information on this organization’s funders is available to registered users.
What is the largest grant LEES-MCRAE COLLEGE INC received in 2024?
The largest grant to LEES-MCRAE COLLEGE INC in 2024 exceeds $6.9 million.
What is LEES-MCRAE COLLEGE INC’s reliance on government grants?
LEES-MCRAE COLLEGE INC relied on government grants for less than 5% of their total revenue in 2024.