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Also known as: Furniture Foundation Inc
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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 foundation is governed by 10 officers and trustees. 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. Tax records are available from 2017 to 2024. The foundation primarily funds organizations in North Carolina and Ohio. 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, Ohio, which account for 67% of all grants. Grantmaking reaches organizations across 13 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$5K
Largest Grant
$22K
Based on 14 grants from the most recent 990-PF filing.
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, OH.
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 2021 grant application must be submitted by 03/31/2022. 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 | N/A |
| Amy Kyle | Director | $0 | $0 | N/A |
| Bob Duncan | Director | $0 | $0 | N/A |
| Mike Dugan | Director | $0 | $0 | N/A |
| Andy S Counts | Sec/Treasurer | $0 | $0 | N/A |
| Steve Hodges | Director | $0 | $0 | N/A |
| Tommy Tomkins | Director | $0 | $0 | N/A |
| Ray Shufelt | President | $0 | $0 | N/A |
| Pat Smith | Director | $0 | $0 | N/A |
| Don Coleman | Chairman | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$1.2M
Fair Market Value
N/A
Net Worth
$1.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
|---|---|---|---|
| University Of KentuckyScholarship | Lexington, KY | $3K | 2022 |
| Muhlenberg CollegeScholarship | Allentown, PA | $3K | 2022 |
| Cvcc FoundationScholarships and equipment | Hickory, NC | $22K | 2022 |
| Appalachian State UniversityScholarships | 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 |
| Emory Henry CollegeScholarship | Emory, VA | $3K | 2022 |
| University Of North AlabamaScholarship | Florence, AL | $3K | 2022 |
| Liberty UniversityScholarship | Lynchburg, VA | $3K | 2022 |
| High Point UniversityScholarship | High Point, NC | $3K | 2022 |
| Greensboro CollegeScholarship | Greensboro, NC | $3K | 2022 |
| Arizona State UniversityScholarship | Tempe, AZ | $3K | 2022 |
| Western Carolina UniversityScholarships | Cullowhee, NC | $3K | 2022 |
| University Of Southern IndianaScholarship | Evansville, IN | $3K | 2021 |
| University Of PennsylvaniaScholarship | Philadelphia, PA | $3K | 2021 |
| Ohio State UniversityScholarships | Columbus, OH | $3K | 2021 |
| Capital UniversityScholarship | Columbus, OH | $3K | 2021 |
| UclaScholarship | Los Angeles, CA | $3K | 2021 |