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Futch Foundation Inc. is a private corporation based in MARS HILL, NC. The foundation received its IRS ruling in 1998. It holds total assets of $90K. Annual income is reported at $31K. Total assets have decreased from $218K in 2011 to $91K in 2023. The foundation is governed by 5 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 Kentucky. According to available records, Futch Foundation Inc. has made 20 grants totaling $21K, with a median grant of $500. Annual giving has decreased from $16K in 2021 to $5K in 2022. Individual grants have ranged from $250 to $10K, with an average award of $1K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in Kentucky, North Carolina, Georgia, which account for 70% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$500
Average Grant
$1K
Largest Grant
$10K
Based on 12 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.
Futch Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in KY, NC, GA.
Futch Foundation Inc. has distributed a total of $21K across 20 grants. The median grant size is $500, with an average of $1K. Individual grants have ranged from $250 to $10K.
Futch Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Futch Foundation Inc. is headquartered in MARS HILL, NC. While based in NC, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Judith Futch Judith Futch Judith | President | $0 | $0 | N/A |
| Robyn Slattery | Board Member | $0 | $0 | N/A |
| Rosemary Slattery | Board Member | $0 | $0 | N/A |
| Kelly Williams | Board Member | $0 | $0 | N/A |
| Priscilla Bright | Board Member | $0 | $0 | N/A |
Total Giving
$8K
Total Assets
$91K
Fair Market Value
$104K
Net Worth
$91K
Grants Paid
$6K
Contributions
N/A
Net Investment Income
$3K
Distribution Amount
$5K
Total Grants
20
Total Giving
$21K
Average Grant
$1K
Median Grant
$500
Unique Recipients
11
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Habitat For Humanity-Gulf CoastANNUAL | Americus, GA | $1K | 2022 |
| YwcaANNUAL CAMPAIGN | Asheville, NC | $1K | 2022 |
| Pisgah Legal ServicesANNUAL | Asheville, NC | $1K | 2022 |
| Southern Environmental Law CenterCONTRIBUTION | Charlottesville, VA | $500 | 2022 |
| Madison County Community Housing CoCONTRIBUTION | Marshall, NC | $500 | 2022 |
| Woodford County LibraryANNUAL | Versailles, KY | $500 | 2022 |
| Lubec Memorial LibraryCONTRIBUTION | Lubec, ME | $250 | 2022 |
| Cystic Fibrosis FoundationANNUAL | Charlotte, NC | $250 | 2022 |
| Susan G Komen FoundationANNUAL CAMPAIGN | Dallas, TX | $250 | 2022 |
| Bluegrass Comm & Tech College FdCONTRIBUTION | Lexington, KY | $10K | 2021 |
| Catholic Social ServicesANNUAL | Lexington, KY | $500 | 2021 |