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Nonprofiteer
← GEORGE WATTS HILL FOUNDATION

Form 990 for tax year 2025

Filed by GEORGE WATTS HILL FOUNDATION.

Totals

Total revenue
$818,075
Total expenses
$305,471
Contributions and grants received
$0
Grants paid
$262,340
Program service revenue
$0
Investment income
$818,075
Other revenue
$0
Total assets, end of year
$6,438,772
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,438,772
Program services expenses (Part IX)
$282,492
Management and general expenses
$22,979
Fundraising expenses
$0
Program service expenses (Part III)
$282,492

Program services were 92.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $153,265 · excluded $153,265

  • 7a · Gross sales of assets other than inventory

    securities $4,685,023

  • 7b · Less cost or other basis and sales expenses

    securities $4,020,213

  • 7c · Gain or loss

    securities $664,810

  • 7d · Net gain or loss

    total $664,810 · excluded $664,810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $262,340 · program services $262,340

  • 5 · Compensation of officers, directors and key employees

    total $40,304 · program services $20,152 · management and general $20,152

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $1,327 · management and general $1,327

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $39,188 · end of year $191,305

  • 11 · Investments: publicly traded securities

    beginning of year $5,874,421 · end of year $6,247,467

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,913,609 · end of year $6,438,772

Mission and programs · 2025

Mission

CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES BY CONTRIBUTIONS DULY AUTHORIZED

  • SUPPORT FOR DURHAM ACADEMY

    Expenses $70,577 · Grants $65,542

  • SUPPORT FOR HILL CENTER

    Expenses $141,338 · Grants $131,256

  • SUPPORT FOR THE UNIVERSITY OF NC AT CHAPEL HILL

    Expenses $70,577 · Grants $65,542

As filed on the 2025 return.

Listed in Part VII

  • Laura Virkler

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Rabenau

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sabri Math

    SCRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Giarla

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Truist Bank

    TRUSTEE

    Total calculated
    $40,304
    From this org
    $40,304
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
26 March 2026
IRS schema version
2025v4.0
Source object
202621069349300747

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