5MPower Foundation
Preselected recipients only
5MPower Foundation is a private foundation in Charlotte, North Carolina. In tax year 2025 it gave $33,000 in 2 grants; the typical grant was $16,500 and the largest $25,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$33,000
- Number of grants2
- Typical grant$16,500
- Largest grant$25,000
- Assets$660,699
- New grantees100%
Giving in 2025 was up from $30,000 the year before.
100% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $31,000 | 2 | $611,722 |
| 2024 | $30,000 | 2 | $620,651 |
| 2025 | $33,000 | 2 | $660,699 |
How to apply
5MPower Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What 5MPower Foundation funds
Where it gives
All of its grants went to recipients in North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 2 | $33,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Knotthole Foundation | chartitable purposes | $25,000 |
| Charlotte Catholic High School | educational purpose | $8,000 |
Officers and trustees
- Michael J Salvino
- Denise M Salvino
Questions people ask
Does 5MPower Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does 5MPower Foundation give?
$33,000 in tax year 2025, across 2 grants, with a typical grant of $16,500.
Who runs 5MPower Foundation?
Its 2025 filing lists Michael J Salvino (Trustee) and Denise M Salvino (Trustee).
What does 5MPower Foundation fund?
Based on its grants, mainly education and faith communities.