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Also known as: FURNITURE FOUNDATION INC
Furniture Foundation Inc. is a private trust based in HIGH POINT, NC. The foundation received its IRS ruling in 1951. The principal officer is % Wachovia Bank & Trust Co Na. It holds total assets of $1.2M. Annual income is reported at $374K. The objects and purposes for which this corporation is formed are to aid and promote, by financial assistance and otherwise, all types of education and research in the design, manufacture and sale of home furnishings and articles and materials used in the manufacture of home furnishings. The corporation may also provide educational opportunities to those assoviated with the industry by financial assistance and otherwise. According to available records, Furniture Foundation Inc. has made 73 grants totaling $395K, with a median grant of $3K. Annual giving has grown from $79K in 2020 to $168K in 2022. Individual grants have ranged from $1K to $22K, with an average award of $5K. The foundation has supported 33 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, Pennsylvania, which account for 67% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
THE OBJECTS AND PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO AID AND PROMOTE, BY FINANCIAL ASSISTANCE AND OTHERWISE, ALL TYPES OF EDUCATION AND RESEARCH IN THE DESIGN, MANUFACTURE AND SALE OF HOME FURNISHINGS AND ARTICLES AND MATERIALS USED IN THE MANUFACTURE OF HOME FURNISHINGS. THE CORPERATION MAY ALSO PROVIDE EDUCATIONAL OPPORTUNITIES TO THOSE ASSOCIATED WITH THE INDUSTRY BY FINANCIAL ASSISTANCE AND OTHERWISE.
Expenses: $79K
The objects and purposes for which this corporation is formed are to aid and promote, by financial assistance and otherwise, all types of education and research in the design, manufacture and sale of home furnishings and articles and materials used in the manufacture of home furnishings. The corporation may also provide educational opportunities to those assoviated with the industry by financial assistance and otherwise. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in NC, VA, PA.
Furniture Foundation Inc. has distributed a total of $395K across 73 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $1K to $22K.
The application deadline is THE 2020 GRANT APPLICATION MUST BE SUBMITTED BY MARCH 31, 2021.. GRANTS ARE AWARDED TO PROJECTS AND EDUCATIONAL INITIATIVES THAT DIRECTLY BENEFIT THE HOME FURNISHINGS INDUSTRY. GRANTS ARE NOT MADE TO INDIVIDUALS OR GOVERNMENT AGENCIES, OR FOR LOBBYING OR RELIGIOUS PURPOSES.
Furniture Foundation Inc. is headquartered in HIGH POINT, NC. While based in NC, the foundation distributes grants to organizations across 13 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| The Furniture Foundation | Trustee | $0 | $0 | $0 |
| Amy Kyle | Director | $0 | $0 | $0 |
| Bob Duncan | Director | $0 | $0 | $0 |
| Mike Dugan | Director | $0 | $0 | $0 |
| Andy S Counts | Sec/Treasurer | $0 | $0 | $0 |
Total Giving
$97K
Total Assets
$1.2M
Fair Market Value
$1.1M
Net Worth
$1.2M
Grants Paid
$84K
Contributions
$5K
Net Investment Income
$79K
Distribution Amount
$56K
Total Grants
73
Total Giving
$395K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
33
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Muhlenberg CollegeScholarship | Allentown, PA | $3K | 2022 |
| University Of KentuckyScholarship | Lexington, KY | $3K | 2022 |
| UclaScholarship | Los Angeles, CA | $3K | 2021 |
| Cvcc FoundationScholarships and equipment | Hickory, NC | $22K | 2022 |
| Appalachian State University |
HIGH POINT, NC
BLACKSBURG, VA
SAN FRANCISCO, CA
SAN MATEO, CA
| Steve Hodges |
| Director |
| $0 |
| $0 |
| $0 |
| Tommy Tomkins | Director | $0 | $0 | $0 |
| Ray Shufelt | President | $0 | $0 | $0 |
| Pat Smith | Director | $0 | $0 | $0 |
| Don Coleman | Chairman | $0 | $0 | $0 |
| 2017 | 990PF | View |
| Boone, NC |
| $15K |
| 2022 |
| The Foundation Of Caldwell CommunitScholarships and equipment | Hudson, NC | $10K | 2022 |
| Nc State UniversityScholarships | Raleigh, NC | $5K | 2022 |
| Bienestock Furniture Library AssociScholarships | High Point, NC | $5K | 2022 |
| Withit Scholarship FoundationScholarship | High Point, NC | $5K | 2022 |
| Western Carolina UniversityScholarships | Cullowhee, NC | $3K | 2022 |
| High Point UniversityScholarship | High Point, NC | $3K | 2022 |
| University Of North AlabamaScholarship | Florence, AL | $3K | 2022 |
| Emory Henry CollegeScholarship | Emory, VA | $3K | 2022 |
| Arizona State UniversityScholarship | Tempe, AZ | $3K | 2022 |
| Liberty UniversityScholarship | Lynchburg, VA | $3K | 2022 |
| Greensboro CollegeScholarship | Greensboro, NC | $3K | 2022 |
| Capital UniversityScholarship | Columbus, OH | $3K | 2021 |
| Ohio State UniversityScholarships | Columbus, OH | $3K | 2021 |
| University Of Southern IndianaScholarship | Evansville, IN | $3K | 2021 |
| University Of PennsylvaniaScholarship | Philadelphia, PA | $3K | 2021 |
| Unc Chapel HillScholarship | Chapel Hill, NC | $1K | 2021 |
| Unc CharlotteScholarship | Chasrlotte, NC | $1K | 2021 |
| The Foundation Of Caldwell Community CollegeSCHOLARSHIPS AND EQUIPMENT | Hudson, NC | $15K | 2020 |
| Gordon CollegeSCHOLARSHIPS | Wenham, MA | $3K | 2020 |
| Mississippi CollegeSCHOLARSHIPS | Clinton, MS | $3K | 2020 |
| Nc A&T UniversitySCHOLARSHIPS | Greensboro, NC | $3K | 2020 |
| Ne Mississippi Community CollegeSCHOLARSHIPS | Booneville, MS | $3K | 2020 |
| Steven'S CollegeSCHOLARSHIPS | Lancaster, PA | $3K | 2020 |
| University Of Southern MississippiSCHOLARSHIPS | Hattiesburg, MS | $3K | 2020 |
| University Of WisconsinSCHOLARSHIPS | Green Bay, WI | $3K | 2020 |
| Eastern Illinois UniversitySCHOLARSHIP | Charleston, IL | $3K | 2020 |
| California State Channel IslandSCHOLARSHIP | Camarillo, CA | $3K | 2020 |
| Lenoir Rhyne UniversitySCHOLARSHIPS | Hickory, NC | $3K | 2020 |
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