24 Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
24 FOUNDATION AIMS TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE AN IMMEDIATE IMPACT ON THE LIVES OF PEOPLE AFFECTED BY CANCER. THROUGH A 24-HOUR-LONG CYCLING AND WALKING EVENT, OUR ORGANIZATION HAS GATHERED 27,000+ PARTICIPANTS FROM 50 STATES, IN ADDITION TO THEIR DONOR SUPPORT, AND RAISED OVER $30M FOR THIS MISSION SINCE OUR INCEPTION. SEE SCHEDULE I TO REVIEW GRANTS PAID IN 2024 TO FULFILL THIS MISSION. THE BELOW REPORT DETAILS GRANTS PAID IN DECEMBER 2023 AND UTILIZED BY GRANTEES IN THE 2024 FISCAL YEAR.
- Income
- $2.5 million
- Spending
- $3.2 million
- Spent on programs
- 89%
- Reserves
- 0.3 months of spending
- Largest source of income
- donations and private grants, 64%
- Employees
- 3
- Volunteers
- 176
- Highest pay
- $120,500, executive dir.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 36 out of 100. Higher than 6% of charities in its peer group (diseases, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.3 months of spending.
Debt
2 of 20It owes 96% of what it owns.
Living within its means
0 of 15Spending exceeded income by 27% of income.
Income trend
15 of 15Income rose 40% on the year before.
Spending floor
15 of 1589% of spending went to programs and raising each dollar of donations cost 8 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 61% of charities in its peer group (diseases, $1m to $10m).
Independent board
25 of 2518 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.9 million spent. 2024 WAS A YEAR OF REMARKABLE GROWTH AND IMPACT FOR 24 FOUNDATION. PARTICIPATION, ENGAGEMENT, AND DONATIONS ALL REACHED NEW HEIGHTS MARKING ONE OF OUR MOST SUCCESSFUL FUNDRAISING YEARS YET. THANKS TO THE GENEROUS SUPPORT OF PARTICIPANTS, DONORS, AND CORPORATE PARTNERS, 24 FOUNDATION WAS ABLE TO PROVIDE CRITICAL FUNDING TO OUR BENEFICIARIES AND ADVANCE OUR MISSION TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF THOSE AFFECTED BY CANCER.THROUGH THE COLLECTIVE EFFORTS OF MORE THAN 1,000 IN-PERSON CYCLISTS, 30 VIRTUAL PARTICIPANTS, AND DOZENS OF WALKERS, PADDLERS, AND ROWERS - REPRESENTING OVER 20 STATES - WE RAISED MORE THAN $1,800,000 TO SUPPORT CANCER NAVIGATION AND SURVIVORSHIP PROGRAMS. THESE FUNDS ARE TRANSFORMING LIVES, PROVIDING RESOURCES, GUIDANCE, AND HOPE TO INDIVIDUALS AND FAMILIES NAVIGATING CANCER.BELOW ARE SOME OF THE OUTSTANDING ACCOMPLISHMENTS AND MILESTONES THAT DEFINED 2024 FOR 24 FOUNDATION:OUR CONTRIBUTION OF A 5-YEAR, $1.75M COMMITMENT, THAT IS TO BE PAID IN 2020 THROUGH 2024, TO ATRIUM HEALTH FOUNDATION (FORMERLY CAROLINAS HEALTHCARE FOUNDATION) WILL BE DISTRIBUTED AT LEVINE CANCER INSTITUTE AND LEVINE CHILDRENS HOSPITAL. THE GOAL OF THIS FUNDING IS TO FURTHER LCI AND LCH MISSIONS TO CHANGE THE COURSE OF CANCER CARE BY REMOVING THE BARRIERS THAT SEPARATE PATIENTS FROM ACCESS TO WORLD-CLASS RESEARCH, BREAKTHROUGH TREATMENTS, AND QUALITY CARE.DUE TO THE PANDEMIC AND DECREASED CONTRIBUTED INCOME, WE DISTRIBUTED $385K TO ATRIUM IN 2022, CARRYING OVER $105K OF OUR OBLIGATION FOR THE REMAINING FOUR YEARS OF THE CONTRACT. IN 2024, WE CONTRIBUTED $402.5K, FULFILLING OUR $1.75M COMMITMENT. OUR FUNDING TO LEVINE CANCER INSTITUTE PROVIDED IMPORTANT SERVICES TO CANCER SURVIVORS UNDERGOING TREATMENT THAT ARE NOT COVERED BY TRADITIONAL INSURANCE PLANS. SUCH SERVICES INCLUDE, BUT ARE NOT LIMITED TO: PATIENT NAVIGATION, DIETICIAN CONSULTATION, ART THERAPY, SUPPORT GROUPS, YOGA AND TAI CHI, ACUPUNCTURE AND MORE. FUNDING PROVIDED OVER 12,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE DEPARTMENT OF INTEGRATIVE MEDICINE IN 2024. THROUGH 24 FOUNDATIONS FUNDING OF A BILINGUAL, SPANISH-SPEAKING NURSE NAVIGATOR AT LEVINE CANCER INSTITUTE. FUNDING AT LEVINE CHILDRENS HOSPITAL PROVIDED MORE THAN 310 PATIENT VISITS WITH A DEDICATED PSYCHOLOGY FELLOW IN THE DEPARTMENT OF SUPPORTIVE ONCOLOGY, AND OVER 300 PATIENT VISITS TO A DEDICATED INTEGRATIVE ONCOLOGY ACUPUNCTURIST. FUNDING ALSO PROVIDED MORE THAN 1,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE LCH DEPARTMENT OF INTEGRATIVE MEDICINE IN 2024.OUR CONTRIBUTION TO THE NATIONAL MARROW DONOR PROGRAM (FORMERLY BE THE MATCH) ALLOWED 24 FOUNDATION TO SUPPORT THE NATIONAL REGISTRY OF POTENTIAL BLOOD AND MARROW DONORS AND FUND EDUCATIONAL AND FINANCIAL SERVICES FOR PATIENTS AND FAMILIES BEFORE, DURING AND AFTER TRANSPLANT.OUR CONTRIBUTION TO CAROLINA BREAST FRIENDS ALLOWED 24 FOUNDATION TO SUPPORT LATINA WOMEN FACING A BREAST CANCER DIAGNOSIS WITH BOTH FINANCIAL SUPPORT AND ACCESS TO ADDITIONAL HEALTHCARE PROGRAMSOUR CONTRIBUTION TO CASTING CAROLINAS ALLOWED 24 FOUNDATION TO FUND 20 WOMEN WITH BREAST CANCER THROUGH IN-PERSON AND VIRTUAL RETREATS IN NORTH CAROLINA, WHERE THEY COMBINE MENTAL HEALTH, CANCER EDUCATION, AND PEER SUPPORT EXPERIENCES WITH THE THERAPEUTIC SPORT OF FLY FISHING. FUNDING ALSO HELPED SUPPORT SURVIVORS SERVED BY CASTING CAROLINAS WHO WERE IMPACTED BY HURRICANE HELENEOUR CONTRIBUTION TO CLAIRES ARMY, PROVIDED FINANCIAL ASSISTANCE AND CLAIRE PACKAGES TO MORE THAN 80 FAMILIES AT LEVINES CHILDRENS HOSPITAL WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. PACKAGES INCLUDE NAVIGATION MATERIALS, FINANCIAL SUPPORT, AND OTHER ESSENTIAL SUPPORT MECHANISMS FOR FAMILIES RECEIVING THE WORST POSSIBLE NEWS. OUR CONTRIBUTION TO GO JEN GO GAVE 24 FOUNDATION THE OPPORTUNITY TO PROVIDE INDIVIDUALS AND FAMILIES BATTLING BREAST CANCER FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT THROUGHOUT NORTH AND SOUTH CAROLINA. SPECIFICALLY, FUNDING IS USED TO SUBSIDIZE RENT, PAY BILLS, AND CONDUCT HOME AND CAR REPAIRS FOR THOSE BATTLING BREAST CANCER. OUR CONTRIBUTION TO HOSPITALITY HOUSE OF CHARLOTTE PROVIDED MORE THAN 200 FAMILIES NAVIGATING CANCER TREATMENT AT A CHARLOTTE AREA HOSPITAL OVERNIGHT LODGING AND THE ABILITY TO STAY CLOSE TO THEIR LOVED ONE UNDERGOING TREATMENT AND GIVES THE PATIENT THE OPPORTUNITY TO STAY CLOSER TO THEIR SOURCE OF TREATMENT. OUR CONTRIBUTION TO FEAST FOR GOOD PROVIDED 190 CURATED LOCAL FARM BOXES (APPROXIMNATELY 2,850 LBS OF FOOD) AND 377 PREPARED MEALS SERVING THOSE BRAVING CANCER TREATMENT.OUR CONTRIBUTION TO NOTHING PINK, PROVIDED PRE AND POST-SURGERY CARE PACKAGES TO WOMEN FACING A TRIPLE-NEGATIVE BREAST CANCER DIAGNOSIS/SURGERY.OUR CONTRIBUTION TO PINKY SWEAR FOUNDATION PROVIDED FINANCIAL SUPPORT TO 22 FAMILIES WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. OUR CONTRIBUTION TO QUEENS UNIVERSITY ALLOWED 24 FOUNDATION TO SUPPORT STUDENTS AFFECTED BY CANCER THROUGH SCHOLARSHIP AND ENDOWMENT FUNDING, PROVIDING FINANCIAL ASSISTANCE FOR THEIR UNDERGRADUATE EXPERIENCE TO ENSURE CANCER HAS THE LEAST IMPACT POSSIBLE ON THEIR EDUCATIONAL PROCESS. FUNDING PROVIDED ONE $10,000 SCHOLARSHIP IN 2024. IN 2024, THE FUNDS RAISED AND DISTRIBUTED BY 24 FOUNDATION CONTINUED TO MAKE A POWERFUL DIFFERENCE FOR CANCER PATIENTS, SURVIVORS, AND THEIR FAMILIES - BOTH ACROSS THE COUNTRY AND RIGHT HERE IN OUR LOCAL COMMUNITY. 24 FOUNDATIONS MISSION REMAINS CENTERED ON INSPIRING AND ENGAGING COMMUNITIES THROUGH MEANINGFUL EVENTS THAT DIRECTLY SUPPORT THOSE IMPACTED BY CANCER.THROUGHOUT 2024, 24 FOUNDATION STAYED FOCUSED ON EXPANDING CANCER NAVIGATION AND SURVIVORSHIP SERVICES - RESOURCES THAT HELP IMPROVE QUALITY OF LIFE BY PROVIDING PERSONALIZED GUIDANCE, CONNECTIONS TO CARE, AND ACCESS TO LIFE-CHANGING PROGRAMS. THESE EFFORTS CONTINUE TO BRIDGE CRITICAL GAPS IN SUPPORT FOR INDIVIDUALS AND FAMILIES NAVIGATING THE CANCER JOURNEY.AFTER A YEAR OF SUCCESSFUL FUNDRAISING AND COMMUNI
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Folx Foundation Inc (Miami Beach, FL), EIN 86-3600057. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.