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Rural Economic Development Center Inc

Raleigh, North Carolina  ·  EIN 561552375  ·  Private foundation

Rural Economic Development Center Inc is a private foundation based in Raleigh, North Carolina. Its most recent IRS Form 990-PF reports $2.5M in grants paid and $309.1M in total assets. Bespoke Grants tracks 70 individual grants from this funder — $8.8M awarded across 2022–2025 — including its support for community improvement. Below is its full funding profile.

$2.5M
Annual giving (FY2025)
$309.1M
Total assets
70
Grants tracked
2025
Most recent grant

What Rural Economic Development Center Inc funds

Rural Economic Development Center Inc's giving carries a documented focus on community improvement.

Community Improvement

Populations it has supported include rural communities.

rural communities

Grant history

The largest grants Bespoke Grants has on record for Rural Economic Development Center Inc, by amount:

RecipientLocationGrantYear
North Carolina State University Small Business and Technology Development C
SSBCI TA GRANT
Raleigh, NC$1.8M2025
Institute Capital Inc
CDFI CAPACITY BUILDING PROGRAM GRANTS
Durham, NC$775K2023
Mountain Bizworks
CDFI CAPACITY BUILDING PROGRAM GRANTS
Asheville, NC$736K2023
Partner Community Capital Inc
CDFI CAPACITY BUILDING PROGRAM GRANTS
Shepherdstown, NC$725K2023
Array Community Development Corporation
SHELLFISH GROWERS PROGRAM GRANT
Beaufort, NC$627K2024
Business Expansion Funding Corporation
CDFI CAPACITY BUILDING PROGRAM GRANTS
Charlotte, NC$500K2023
Carolina Community Impact Inc
CDFI CAPACITY BUILDING PROGRAM GRANTS
Raleigh, NC$450K2023
Carolina Small Business Development Fund
CDFI CAPACITY BUILDING PROGRAM GRANTS
Raleigh, NC$400K2024
Mountain Bizworks-cdfi
CDFI CAPACITY BUILDING PROGRAM GRANTS
Asheville, NC$250K2024
Partner Community Capital Inc
CDFI CAPACITY BUILDING PROGRAM GRANTS
Shepherdstown, WV$250K2024
Up Community Fund LLC
CDFI CAPACITY BUILDING PROGRAM GRANTS
Charlotte, NC$250K2023
Thread Capital
SHELLFISH GROWERS PROGRAM GRANT
Raleigh, NC$250K2023
Up Community Fund LLC
CDFI CAPACITY BUILDING PROGRAM GRANTS
Charlotte, NC$225K2024
Mdc Inc
CDFI CAPACITY BUILDING PROGRAM GRANTS
Durham, NC$218K2025
Carolina Community Impact Inc
CDFI CAPACITY BUILDING PROGRAM GRANTS
Raleigh, NC$215K2024

Rural Economic Development Center Inc giving by year

Total grants Bespoke Grants has indexed for each filing year:

2022$115K
2023$3.9M
2024$2.3M
2025$2.5M

How to apply for funding from Rural Economic Development Center Inc

Rural Economic Development Center Inc's public IRS filing does not spell out a formal application process. Foundations of this size often give primarily to organizations they already know, so a concise letter of inquiry or a warm introduction is usually the best first contact — not a full proposal. You can review the foundation directly at ncruralcenter.org.

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Frequently asked questions about Rural Economic Development Center Inc

Does Rural Economic Development Center Inc accept grant applications?
Rural Economic Development Center Inc's public filing does not specify an application process. A brief letter of inquiry or a warm introduction is usually the best first step with a private foundation of this size.
What does Rural Economic Development Center Inc fund?
Rural Economic Development Center Inc's grants focus on community improvement. Recent recipients include North Carolina State University Small Business and Technology Development C, Institute Capital Inc, Mountain Bizworks. Its full grant history is listed above.
How much does Rural Economic Development Center Inc give in grants?
Rural Economic Development Center Inc reported $2.5M in grants in its most recent IRS filing (FY2025). Across all years in our data it has awarded $8.8M over 70 grants.
Where is Rural Economic Development Center Inc located?
Rural Economic Development Center Inc is based in Raleigh, North Carolina. Its IRS employer identification number (EIN) is 561552375.
How can I find foundations similar to Rural Economic Development Center Inc?
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Foundations similar to Rural Economic Development Center Inc

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About this profile. This page is built from Rural Economic Development Center Inc's public IRS Form 990-PF and 990 filings, indexed by Bespoke Grants alongside 13M+ grants from 225,000+ U.S. foundations. Grant figures reflect filings available to date; IRS data publishes on a 1–2 year lag. Bespoke Grants is not affiliated with Rural Economic Development Center Inc. Always confirm current giving priorities and application procedures with the foundation directly before applying.