The North Carolina State Capitol in Raleigh behind a flowering crape myrtle

Form 990-PFTax year 2025EIN 45-3175862

5MPower Foundation

A private foundation in Charlotte, NC. Its return for tax year 2025 lists 2 grants and $33,000 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $33,000

    Grants listed
    2
    Assets, end of year
    $668,946
  • Tax year 2024

    $30,000

    Grants listed
    2
    Assets, end of year
    $663,852
  • Tax year 2023

    $31,000

    Grants listed
    2
    Assets, end of year
    $665,295
  • Tax year 2022

    $33,100

    Grants listed
    2
    Assets, end of year
    $677,920
  • Tax year 2021

    $37,000

    Grants listed
    2
    Assets, end of year
    $696,683
  • Tax year 2020

    $40,000

    Grants listed
    2
    Assets, end of year
    $699,394
  • Tax year 2019

    $26,600

    Grants listed
    3
    Assets, end of year
    $761,082
  • Tax year 2018

    $16,400

    Grants listed
    3
    Assets, end of year
    $249,087

Grants paid in 2025

2 grants, largest first

As listed on the return.

  1. Knotthole FoundationCharlotte, NC

    chartitable purposes

    $25,000
  2. Charlotte Catholic High SchoolCharlotte, NC

    educational purpose

    $8,000

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $8,000100% of the total

By State

Grants to organizations with a US address, latest year.

  1. North Carolina2 grants $33,000

Officers, directors and trustees

2 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Michael J SalvinoTrustee Hours 1Pay $0
  • Denise M SalvinoTrustee Hours 1Pay $0

The return

More foundations

Similar foundations

Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. The John H and Elenor H Maxheim Foundation IncCharlotte, NC 4 grants Accepts applications $35,350 giving
  2. The Aunt Kate FoundationCharlotte, NC 13 grants Accepts applications $35,500 giving
  3. The Bridge FoundationCharlotte, NC 4 grants Preselected only $30,000 giving
  4. Mer FoundationCharlotte, NC 4 grants Preselected only $41,250 giving
  5. Douglas Prelude Foundation IncCharlotte, NC 6 grants Preselected only $45,500 giving