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Broomtree Foundation is a private corporation based in CORNELIUS, NC. The foundation received its IRS ruling in 2015. It holds total assets of $3.3M. Annual income is reported at $600K. Total assets have grown from N/A in 2012 to $3.6M in 2022. The foundation is governed by 3 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. The foundation primarily funds organizations in North Carolina and Michigan. According to available records, Broomtree Foundation has made 40 grants totaling $1.3M, with a median grant of $25K. The foundation has distributed between $219K and $550K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $550K distributed across 16 grants. Individual grants have ranged from $1K to $115K, with an average award of $32K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in North Carolina, Massachusetts, Michigan, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$24K
Average Grant
$34K
Largest Grant
$115K
Based on 8 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.
Broomtree Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in NC, MA, MI.
Broomtree Foundation has distributed a total of $1.3M across 40 grants. The median grant size is $25K, with an average of $32K. Individual grants have ranged from $1K to $115K.
Broomtree Foundation typically selects its grantees rather than accepting unsolicited proposals.
Broomtree Foundation is headquartered in CORNELIUS, NC. While based in NC, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Autumn Provenzano | DIRECTOR | $0 | $0 | N/A |
| Gregory Provenzano | DIRECTOR | $0 | $0 | N/A |
| Sheryl Provenzano | DIRECTOR | $0 | $0 | N/A |
Total Giving
$258K
Total Assets
$3.6M
Fair Market Value
$4.2M
Net Worth
$3.6M
Grants Paid
$232K
Contributions
N/A
Net Investment Income
$116K
Distribution Amount
$208K
Total: N/A
Total Grants
40
Total Giving
$1.3M
Average Grant
$32K
Median Grant
$25K
Unique Recipients
13
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Above And BeyondIMPROVE AFTERSCHOOL PROGRAMS | Cornelius, NC | $3K | 2023 |
| Multiply Church OrgTO FURTHER CHRISTIAN MINISTRIES | N Concord, NC | $65K | 2023 |
| Cross Examined OrgTO FURTHER CHRISTIAN MINITRIES | Charlotte, NC | $50K | 2023 |
| Thrive Worship CenterTO FUTHER CHRISTIAN MINITRIES | Concord, NC | $50K | 2023 |
| Faith Memorial Baptist ChurchTO FURTHER CHRISTIAN MINITRIES | Charlotte, NC | $35K | 2023 |
| Freedom House ChurchTO FURTHER CHRISTIAN MINISTRIES | Charlotte, NC | $25K | 2023 |
| AgwmTO FURTHER CHRISTIAN MINISTRIES | Springfield, MO | $5K | 2023 |
| A Mentor For MeTO FURTHER CHRISTIAN MINISTRIES | Cornelius, NC | $17K | 2022 |
| Life Changers Intern'L MinistriesTO FURTHER CHRISTIAN MINISTRIES | Detroit, MI | $10K | 2022 |
| Fidelity Investment Charitable GiftTO FURTHER CHRISTIAN MINITRIES | Boston, MA | $56K | 2021 |
| Young LifeTO FURTHER CHRISTIAN MINISTRIES | Charlotte, NC | $10K | 2020 |
| Cain Center For ArtsTO FURTHER ART EDUCATION | Cornelius, NC | $10K | 2020 |
| Global Service NetworkTO FURTHER CHRISTIAN MINISTRIES | Apex, NC | $10K | 2020 |