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William R. Kenan, Jr. Charitable Trust

Profile

Last Updated: 2016-08-25

At A Glance

William R. Kenan, Jr. Charitable Trust

Kenan Center, P.O. Box 3858

Chapel Hill, NC United States 27515-3858

URL: kenancharitabletrust.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Commercial gift fund

Financial Data

(yr. ended 2015-06-30)

Assets: $621,338,883

Total giving: $26,494,176

EIN

136192029

BRIDGE Number

2235103432

Background

Established in 1965 in NY - Mr. Kenan was a chemical and mechanical engineering consultant. Early in 1900, he became associated with Henry M. Flagler in the development of enterprises along the east coast of Florida. Mr. Flagler, one of the founders of the original Standard Oil Co., married Mr. Kenan's eldest sister. After the death of Henry Flagler in 1913 and of Mary Lily Kenan Flagler in 1917, Mr. Kenan inherited a share of the Flagler fortune and became part owner and president of the Flagler System companies. Mr. Kenan maintained a lifelong interest in education and one of his principal purposes in providing for the trust was to support education

Purpose and Activities

To support the advancement of education in a broad sense, giving first priority to programs that have the potential to fundamentally improve educational opportunities throughout the United States. In particular, to seek out institutions, programs and activities that hold exceptional promise to become models or guides for more general and lasting value to American society.

Fields of Interest

Subjects
  • Education
  • Higher education
  • Secondary education
  • University education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2015-06-30

Assets: $621,338,883 (market value)

Expenditures: $31,760,519

Total giving: $26,494,176

Qualifying distributions: $28,971,749