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Ferree Educational & Welfare Fund is a private trust based in ASHEBORO, NC. The foundation received its IRS ruling in 1958. It holds total assets of $2.2M. Annual income is reported at $363K. SCHOLARSHIPS TO STUDENTS ATTENDING A COLLEGE OR UNIVERSITY. RECIPIENTS ARE DETERMINED BASED ON SCHOLASTIC ACHIEVEMENT AND NEED. FOR 2023 THERE WERE 35 STUDENTS WHO RECEIVED SCHOLARSHIPS. According to available records, Ferree Educational & Welfare Fund has made 4 grants totaling $257K, with a median grant of $64K. Annual giving has grown from $60K in 2020 to $137K in 2022. Individual grants have ranged from $60K to $69K, with an average award of $64K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
SCHOLARSHIPS TO STUDENTS ATTENDING A COLLEGE OR UNIVERSITY. RECIPIENTS ARE DETERMINED BASED ON SCHOLASTIC ACHIEVEMENT AND NEED. FOR 2023 THERE WERE 35 STUDENTS WHO RECEIVED SCHOLARSHIPS.
Expenses: $70K
SCHOLARSHIPS TO STUDENTS ATTENDING A COLLEGE OR UNIVERSITY. RECIPIENTS ARE DETERMINED BASED ON SCHOLASTIC ACHIEVEMENT AND NEED. FOR 2023 THERE WERE 35 STUDENTS WHO RECEIVED SCHOLARSHIPS. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NC.
Ferree Educational & Welfare Fund has distributed a total of $257K across 4 grants. The median grant size is $64K, with an average of $64K. Individual grants have ranged from $60K to $69K.
The application deadline is ON OR BEFORE MAY 15 EACH YEAR. NEW STUDENTS MUST HAVE GRADUATED FROM ONE OF THE ASHEBORO CITY OR RANDOLPH COUNTY PUBLIC HIGH SCHOOLS. A NEW STUDENT ATTENDING RCC THAT IS NOT RIGHT OUT OF HIGH SCHOOL MUST BE A RESIDENT OF RANDOLPH COUNTY. THE APPLICATION REQUIRES THE ATTENDANCE AT AN ACCREDITED INSTITUTION OF HIGHER LEARNING WITH THE CURRENT LIMIT ON SCHOLARSHIP OF $2,000 PER YEAR. LOANS - ALL RETURNING STUDENTS WERE FUNDED AT THE USUAL RATE OF $1,000 PER YEAR FOR FOUR-YEAR DEGREE STUDENTS AND $500 PER YEAR FOR COMMUNITY COLLEGE STUDENTS. ALL NEW STUDENTS FUNDED AT $500 PER YEAR FOR COMMUNITY COLLEGE STUDENTS.
Ferree Educational & Welfare Fund is headquartered in ASHEBORO, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Linda Cranford | EXECUTIVE DIRECTOR | $16K | $0 | $16K |
| Michael Smith-Asheboro City Boe | TRUSTEE | $0 | $0 | $0 |
| W Mcduffy Johnson-The Welsh Group | TRUSTEE | $0 | $0 | $0 |
| David Smith-Mayor Of Asheboro | TRUSTEE | $0 | $0 | $0 |
| Dr Aaron Woody-Super Of City School | TRUSTEE | $0 | $0 |
Total Giving
$109K
Total Assets
$2.2M
Fair Market Value
$2.2M
Net Worth
$2.1M
Grants Paid
$70K
Contributions
$0
Net Investment Income
$108K
Distribution Amount
$55K
Total: $1.1M
Total Grants
4
Total Giving
$257K
Average Grant
$64K
Median Grant
$64K
Unique Recipients
3
Most Common Grant
$60K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| 35 Different Students For 2022SCHOLARSHIPS | Various, NC | $69K | 2022 |
| 30 Different Students For 2021SCHOLARSHIPS | Various, NC | $60K | 2021 |
| 30 Different Students For 2020SCHOLARSHIPS | Various, NC | $60K | 2020 |
COLUMBIA, MO
NUTLEY, NJ
ROCHESTER HLS, MI
RUNNEMEDE, NJ
| $0 |
| Steven Gainey - Super Of Cty School | CHAIRMAN | $0 | $0 | $0 |
| Tracie Murphy- Director Dss | TRUSTEE | $0 | $0 | $0 |
| Darrell Frye-Rand Cty Board Of Com | TRUSTEE | $0 | $0 | $0 |
| Mike King-Market Pres Wells Fargo | TREASURER | $0 | $0 | $0 |
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