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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. The foundation is governed by 9 officers and trustees. 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. Tax records are available from 2020 to 2024. 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 |
| David Smith-Mayor Of Asheboro | TRUSTEE | $0 | $0 | N/A |
| Dr Aaron Woody-Super Of City School | TRUSTEE | $0 | $0 | N/A |
| Steven Gainey - Super Of Cty School | CHAIRMAN | $0 | $0 | N/A |
| Tracie Murphy- Director Dss | TRUSTEE | $0 | $0 | N/A |
| Darrell Frye-Rand Cty Board Of Com | TRUSTEE | $0 | $0 | N/A |
| Mike King-Market Pres Wells Fargo | TREASURER | $0 | $0 | N/A |
| Michael Smith-Asheboro City Boe | TRUSTEE | $0 | $0 | N/A |
| W Mcduffy Johnson-The Welsh Group | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.2M
Fair Market Value
N/A
Net Worth
$2.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |