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Associated Foundation Incorporated is a private corporation based in BELMONT, NC. The foundation received its IRS ruling in 1949. The principal officer is E L Webb. It holds total assets of $957K. Annual income is reported at $61K. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Associated Foundation Incorporated has made 30 grants totaling $110K, with a median grant of $2K. The foundation has distributed between $34K and $38K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $38K distributed across 10 grants. Individual grants have ranged from $250 to $20K, with an average award of $4K. The foundation has supported 17 unique organizations. Grants have been distributed to organizations in North Carolina and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$1K
Average Grant
$3K
Largest Grant
$20K
Based on 12 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.
Associated Foundation Incorporated is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in NC, SC.
Associated Foundation Incorporated has distributed a total of $110K across 30 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $250 to $20K.
Associated Foundation Incorporated typically selects its grantees rather than accepting unsolicited proposals.
Associated Foundation Incorporated is headquartered in BELMONT, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jc Stowe | VICE PRESIDENT | $0 | $0 | N/A |
| Rd Hall Jr | VICE PRESIDENT | $0 | $0 | N/A |
| R P White | SECRETARY | $0 | $0 | N/A |
| Sp Stowe Iii | PRESIDENT | $0 | $0 | N/A |
Total Giving
$49K
Total Assets
$776K
Fair Market Value
$776K
Net Worth
$775K
Grants Paid
$38K
Contributions
N/A
Net Investment Income
$26K
Distribution Amount
$39K
Total: $747K
Total Grants
30
Total Giving
$110K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
17
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Gaston Community FoundationCOMMUNITY CHARITABLE | Gastonia, NC | $20K | 2022 |
| First Pres ChurchRELIGIOUS | Gastonia, NC | $5K | 2022 |
| Spoleto Festival UsaCOMMUNITY CHARITABLE | Charleston, SC | $3K | 2022 |
| Wildacres RetreatCOMMUNITY CHARITABLE | Little Switzerland, NC | $3K | 2022 |
| Covenant Pres ChurchRELIGIOUS | Charlotte, NC | $2K | 2022 |
| Charlotte Master ChoraleART SCIENCE | Matthews, NC | $2K | 2022 |
| Cramerton Middle SchoolEDUCATION | Cramerton, NC | $1K | 2022 |
| Downtown Belmont Dev AssocCOMMUNITY CHARITABLE | Belmont, NC | $1K | 2022 |
| Southpoint High SchoolEDUCATION | Belmont, NC | $1K | 2022 |
| New Hope Elem SchoolEDUCATION | Gastonia, NC | $500 | 2022 |
| Charlotte Flute AssocART SCIENCE | Charlotte, NC | $400 | 2022 |
| Mountain Island Charter SchEDUCATION | Charlotte, NC | $250 | 2022 |
| Belmont Abbey CollegeEDUCATION | Belmont, NC | $6K | 2021 |
| City Of BelmontCOMMUNITY CHARITABLE | Belmont, NC | $3K | 2021 |
| Charlotte SymphonyART SCIENCE | Charlotte, NC | $3K | 2021 |
| South Point High SchoolEDUCATION | Belmont, NC | $1K | 2021 |
| The Development Foundation Of NccatCOMMUNITY CHARITABLE | Cullowhee, NC | $250 | 2020 |