Financials

Education Matters. Investing In Human Capital. Preparing For Future Jobs.

We believe in the value of education as a means to personal fulfillment and community vitality. Our goal is to empower today’s workforce by creating pathways to and through postsecondary education for underrepresented students. We are committed to helping them attain the marketable skills and training needed to gain meaningful employment, which we hope will result in a sustainable shift in North Carolina.

Endowment Financials.

In January 2014, the Endowment kicked off funding under our new focus of postsecondary educational opportunities within the state of North Carolina. Our fiscal year runs from January 1^st to December 31^st.

As a nonprofit 501(c)(3) organization, we are required by the IRS to complete a Form 990-PF, which includes the financial details of each grant. The John M. Belk Endowment has been in existence since 1995; however, the majority of its funding was received in 2012 in the form of an estate settlement. Prior to that, grants were made almost exclusively to support the continuation of a merit scholarship program at Davidson College, as well as a few other educational legacy awards made by the Board of Directors.