H Clay and Wavie M Presnell Foundation

The H. Clay and Wavie M. Presnell Foundation is a private foundation based in Randleman, North Carolina. It was established in 2004 by Wavie Presnell in honor of her late husband, Clay Presnell.

Mission and Activities

The foundation focuses on supporting educational, religious, and recreational/cultural charities, particularly in Randolph County and other rural communities within North Carolina. Its mission is to enhance the lives of individuals in these areas by providing financial assistance to local non-profit organizations. The foundation emphasizes its commitment to smaller non-profits that serve underserved populations.

Grant Award and Philanthropy

As of recent years, the foundation has distributed grants to various organizations. For example, it made 12 awards in 2023 and 13 awards in 2021, although specific recipients were not always disclosed. The foundation has contributed significantly to local charities, distributing over $1 million to deserving organizations across central North Carolina over the years.

Financial Profile

As per its 2024 financial reports, the foundation reported a revenue of approximately $319,000 and expenses totaling around $189,000. Its total assets were valued at $2.68 million with no liabilities. In 2023, the foundation's IRS filing indicated it distributed $120,466 in grants.

Past Recipients

Past recipients of the foundation's grants have included the Uwharrie Charter Academy, Randolph County Honor Guard, Victory Junction, Emily's Kids Foundation, Randolph County SPCA, Boys & Girls Club of Asheboro, Habitat for Humanity, Seagrove Public Library, Randolph County Family Crisis, Asheboro Shelter of Hope, and the Randolph Arts Guild.