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Adds Love Foundation Inc. is a private corporation based in GREENSBORO, NC. The foundation received its IRS ruling in 2023. It holds total assets of $353K. Annual income is reported at $43K. Total assets have grown from $303K in 2021 to $375K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Adds Love Foundation Inc. has made 24 grants totaling $126K, with a median grant of $3K. Annual giving has grown from $14K in 2021 to $51K in 2023. Grantmaking activity was highest in 2022 with $61K distributed across 11 grants. Individual grants have ranged from $1K to $38K, with an average award of $5K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in North Carolina, Illinois, New Jersey, which account for 75% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Adds Love Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in NC, IL, NJ.
Adds Love Foundation Inc. has distributed a total of $126K across 24 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $1K to $38K.
Adds Love Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Adds Love Foundation Inc. is headquartered in GREENSBORO, NC. While based in NC, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James Smith | DIRECTOR | $0 | $0 | N/A |
| Debra Smith | DIRECTOR | $0 | $0 | N/A |
Total Giving
$59K
Total Assets
$375K
Fair Market Value
$379K
Net Worth
$375K
Grants Paid
$51K
Contributions
N/A
Net Investment Income
$8K
Distribution Amount
$18K
Total: $233K
Total Grants
24
Total Giving
$126K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
17
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Black Ink Gala SponsorCHARITABLE | Greensobro, NC | $25K | 2023 |
| Families Against Senseless KillingCHARITABLE | Greensboro, NC | $5K | 2023 |
| Magnolia HouseCHARITABLE | Greensboro, NC | $5K | 2023 |
| 2nd Chance Baptist ChurchCHARITABLE | Greensboro, NC | $5K | 2023 |
| Las AmigasCHARITABLE | Greensboro, NC | $5K | 2023 |
| Operation SmileCHARITABLE | Greensboro, NC | $3K | 2023 |
| Ymca GreensboroCHARITABLE | Greensboro, NC | $2K | 2023 |
| Ywca GreensboroCHARITABLE | Greensboro, NC | $1K | 2023 |
| Ronald Mcdonald House CharitiesCHARITABLE | Chicado, IL | $5K | 2022 |
| Freedom Summer SchoolCHARITABLE | Charlotte, NC | $5K | 2022 |
| Junior AchievementCHARITABLE | Greensboro, NC | $3K | 2022 |
| Next Level Homeless ProjectCHARITABLE | Cedar Knolls, NJ | $3K | 2022 |
| Feeding FamiliesCHARITABLE | Greensboro, NC | $1K | 2022 |
| City Golf SponsorshipCHARITABLE | Greensboro, NC | $1K | 2022 |
| North Carolina Community JusticeCHARITABLE | Greensboro, NC | $1K | 2022 |
| Faith Fire MinistryCHARITABLE | Jamestown, NC | $1K | 2022 |
| Sisters NetworkCHARITABLE | Houston, TX | $1K | 2022 |