Foundation directory

NC Idea Grants

Private foundation · EIN 01-0702442 · IRS 990-PF filings through tax year 2024

Total grants paid
$4.2M
Grants reported
362
Typical grant
$5K
Future commitments
Not reported

Future commitments are grants the foundation has reported but not yet paid.

How to apply

Open to applications: its latest 990-PF publishes how to apply and does not limit giving to preselected organizations. See more foundations that accept applications.

Contact
NC Idea
Deadlines
Additional details on the submission timeline can be found at: https://ncidea.org/nc-idea-micro/
Application materials
The organization's $10,000 micro grant provides small amounts of funding to entrepreneurs who are testing a big, new business idea. Through small, project-based grants, the organization grants micro awards funding up to $10,000 to young companies looking to validate and advance their idea. Management has found that funding, paired with mentorship and guidance, early in a company's lifecycle, can make a significant impact on future success. When evaluating each application, nc idea will make an assessment of the strengths and weaknesses of each applicant company in the following areas: idea, technology, team, market, competition, strategy, funding, and impact. Additional details on the evaluation criteria can be found here: https://ncidea.org/nc-idea-micro/
Restrictions
For micro grants, nc idea's evaluation process is rigorous and competitive. Companies must meet criteria related to geography, industry, stage of development, team, market opportunity, and prior and future investment in order to be considered. Additional details regarding eligibility can be found at: https://ncidea.org/nc-idea-micro/ submission deadlines: nc idea's micro grant program has two grant cycles each year. Our spring grant cycle typically opens in mid-February, while our fall grant cycle opens sometime between mid-August and early September.
Original filing text
Contact
NC IDEA
Address
411 W CHAPEL HILL STREET SUITE C2 DURHAM, NC, 27701
Phone
9199415600
Deadlines
ADDITIONAL DETAILS ON THE SUBMISSION TIMELINE CAN BE FOUND AT: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/
Application materials
THE ORGANIZATION'S $10,000 MICRO GRANT PROVIDES SMALL AMOUNTS OF FUNDING TO ENTREPRENEURS WHO ARE TESTING A BIG, NEW BUSINESS IDEA. THROUGH SMALL, PROJECT-BASED GRANTS, THE ORGANIZATION GRANTS MICRO AWARDS FUNDING UP TO $10,000 TO YOUNG COMPANIES LOOKING TO VALIDATE AND ADVANCE THEIR IDEA. MANAGEMENT HAS FOUND THAT FUNDING, PAIRED WITH MENTORSHIP AND GUIDANCE, EARLY IN A COMPANY'S LIFECYCLE, CAN MAKE A SIGNIFICANT IMPACT ON FUTURE SUCCESS. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICANT COMPANY IN THE FOLLOWING AREAS: IDEA, TECHNOLOGY, TEAM, MARKET, COMPETITION, STRATEGY, FUNDING, AND IMPACT. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND HERE: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/
Restrictions
FOR MICRO GRANTS, NC IDEA'S EVALUATION PROCESS IS RIGOROUS AND COMPETITIVE. COMPANIES MUST MEET CRITERIA RELATED TO GEOGRAPHY, INDUSTRY, STAGE OF DEVELOPMENT, TEAM, MARKET OPPORTUNITY, AND PRIOR AND FUTURE INVESTMENT IN ORDER TO BE CONSIDERED. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: HTTPS://NCIDEA.ORG/NC-IDEA-MICRO/ SUBMISSION DEADLINES: NC IDEA'S MICRO GRANT PROGRAM HAS TWO GRANT CYCLES EACH YEAR. OUR SPRING GRANT CYCLE TYPICALLY OPENS IN MID-FEBRUARY, WHILE OUR FALL GRANT CYCLE OPENS SOMETIME BETWEEN MID-AUGUST AND EARLY SEPTEMBER.

Reported organization name: NC IDEA

Application information: https://ncidea.org/NC-IDEA-MICRO/

Giving by tax year

Year-level totals across every reported grant in this profile — a summary, not a filter. The awards further down are the largest individual grants across all years, not each year's complete list.

Tax yearGrants paidAmount
2024190$2.6M
2023172$1.6M

Where NC Idea gives

States of grant recipients reported on the foundation's 990-PF filings, by dollars received.

Largest reported grants

Historical awards reported to the IRS. These are examples of past giving, not open opportunities.

Black Girl Magic Market

Angier, NC

$65KTax year 2024

Ecosystem grants

First Flight Venture Center

Research Triangle Park, NC

$63.4KTax year 2024

Ecosystem grants

Forward Cities

Durham, NC

$60KTax year 2024

Ecosystem grants

Ab Community

Durham, NC

$51.7KTax year 2024

Ecosystem grants

Gateway Community Development Corporation

Henderson, NC

$50KTax year 2023

Ecosystem grants

Showing 5 of the 25 largest grants (362 reported in all).

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About this data

Figures are aggregated from NC Idea's IRS Form 990-PF electronic filings (2 filings on file, most recent tax year 2024). Totals reflect grants the foundation reported as paid, and can lag the current year because foundations file annually and often on extension. Source: IRS 990-PF filing on ProPublica. Raw e-file archive (ZIP) — a large IRS yearly archive download.

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