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Armat Foundation Inc. is a private corporation based in MOUNT AIRY, NC. The foundation received its IRS ruling in 1997. It holds total assets of $1.4M. Annual income is reported at $134K. Total assets have decreased from $1.8M in 2011 to $1.4M 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 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Armat Foundation Inc. has made 76 grants totaling $417K, with a median grant of $100. The foundation has distributed between $30K and $152K annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $152K distributed across 13 grants. Individual grants have ranged from N/A to $150K, with an average award of $5K. The foundation has supported 40 unique organizations. Grants have been distributed to organizations in North Carolina and Virginia and Tennessee. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$100
Average Grant
$12K
Largest Grant
$150K
Based on 13 grants from the most recent 990-PF filing.
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.
Armat Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 76 grants. Its grantmaking reaches organizations primarily in NC, VA, TN.
Armat Foundation Inc. has distributed a total of $417K across 76 grants. The median grant size is $100, with an average of $5K. Individual grants have ranged from N/A to $150K.
Armat Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Armat Foundation Inc. is headquartered in MOUNT AIRY, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Betty Wright | PRESIDENT, SECRETARY | $0 | $0 | N/A |
| Tamra Wright Thomas | ASST. SEC. | $0 | $0 | N/A |
Total Giving
$133K
Total Assets
$1.4M
Fair Market Value
$3.4M
Net Worth
$1.4M
Grants Paid
$126K
Contributions
N/A
Net Investment Income
$117K
Distribution Amount
$135K
Total: $1.3M
Total Grants
76
Total Giving
$417K
Average Grant
$5K
Median Grant
$100
Unique Recipients
40
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| Surry Arts CouncilUNRESTRICTED | Mount Airy, NC | $125K | 2023 |
| Northern Hospital FoundationUNRESTRICTED | Mount Airy, NC | $500 | 2023 |
| United Fund Of Surry CountyUNRESTRICTED | Mount Airy, NC | $250 | 2023 |
| Mount Airy Museum Of Regional HistoryUNRESTRICTED | Mount Airy, NC | $1K | 2022 |
| Mount Airy Restoration FoundationUNRESTRICTED | Mount Airy, NC | $1K | 2022 |
| Trellis Supportive CareUNRESTRICTED | Winstonsalem, NC | $550 | 2022 |
| Boy Scouts Of America - Old Hickory CouncilUNRESTRICTED | Winstonsalem, NC | $500 | 2022 |
| Shalom Medical ClinicUNRESTRICTED | Winstonsalem, NC | $200 | 2022 |
| VoceUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| Mount Airy Wesleyan ChurchUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| Surry Animal RescueUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| Grand Lodge Of NcUNRESTRICTED | Raleigh, NC | $100 | 2022 |
| Grace Moravian ChurchUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| Pilgrim Lutheran ChurchUNRESTRICTED | Lexington, NC | $100 | 2022 |
| Sunrise RotaryUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| River Hill Christian ChurchUNRESTRICTED | Galax, VA | $100 | 2022 |
| Surry County Historical SocietyUNRESTRICTED | Mount Airy, NC | $100 | 2022 |
| Centinary Methodist ChurchUNRESTRICTED | Winstonsalem, NC | $100 | 2022 |
| Mount Airy Fire DepartmentUNRESTRICTED | Mount Airy, NC | N/A | 2022 |
| Saint Jude Children Research HospitalUNRESTRICTED | Memphis, TN | N/A | 2022 |
| Moravian ChurchUNRESTRICTED | Winstonsalem, NC | N/A | 2022 |
| Surry Community CollegeUNRESTRICTED | Dobson, NC | $200 | 2021 |