The Promise Foundation Inc
Preselected recipients only
The Promise Foundation Inc is a private foundation in Wilmington, North Carolina. In tax year 2025 it gave $26,500 in 3 grants; the typical grant was $1,000 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$26,500
- Number of grants3
- Typical grant$1,000
- Largest grant$25,000
- Assets$30,684
- New grantees100%
Giving in 2025 was up from $6,000 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 | $1,000 | 1 | $36,847 |
| 2024 | $6,000 | 6 | $42,685 |
| 2025 | $26,500 | 3 | $30,684 |
How to apply
The Promise Foundation Inc 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 The Promise Foundation Inc funds
Where it gives
Its grants went to recipients in 2 states, the most to North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 2 | $26,000 |
| Florida | 1 | $500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Good Deeds of Wilmington LLC | Provide affordablehousing for teachers | $25,000 |
| Food Bank of Central & Eastern NC | Provide food & advance long term solutionsfor hunger relief | $1,000 |
| Nourish NC | Feeding hungry kidsin New HanoverCounty, NC | $500 |
Officers and trustees
- Denise MVincent
- Benjamin Vincent
- Katherine Nicholas
- Jon T Vincent
Questions people ask
Does The Promise Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Promise Foundation Inc give?
$26,500 in tax year 2025, across 3 grants, with a typical grant of $1,000.
Who runs The Promise Foundation Inc?
Its 2025 filing lists Denise MVincent (President), Benjamin Vincent (Vice-Pres.), Katherine Nicholas (Secretary) and Jon T Vincent (Treasurer).
What does The Promise Foundation Inc fund?
Based on its grants, mainly education, food and hunger and human services.