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Huffman-Cornwell Foundation is a private trust based in RALEIGH, NC. The foundation received its IRS ruling in 1964. The principal officer is Firat Citizens Bank. It holds total assets of $2.7M. Annual income is reported at $820K. The foundation is governed by 8 officers and trustees. Tax records are available from 2020 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Huffman-Cornwell Foundation has made 125 grants totaling $610K, with a median grant of $3K. Annual giving has grown from $132K in 2020 to $341K in 2022. Individual grants have ranged from $500 to $30K, with an average award of $5K. The foundation has supported 59 unique organizations. The foundation primarily supports organizations in North Carolina, Arizona, Illinois, which account for 93% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$4K
Largest Grant
$30K
Based on 31 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.
Huffman-Cornwell Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 125 grants. Its grantmaking reaches organizations primarily in NC, AZ, IL.
Huffman-Cornwell Foundation has distributed a total of $610K across 125 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $500 to $30K.
Scholarships are limited to students of burke co high school. School standards are available through guidance letter. Other grant recipients are selected mainly from burke county, nc orgs.
Huffman-Cornwell Foundation is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Citizens Bank | TRUSTEE | $20K | $0 | $20K |
| Mary Lou Hudspeth | BOARD MEMBER | $500 | $0 | $500 |
| Jan N Stephanides | BOARD MEMBER | $500 | $0 | $500 |
| Jay Norvell | SECRETARY | $500 | $0 | $500 |
| Lou N Crouch | BOARD MEMBER | $500 | $0 | $500 |
| Thomas Norvell | BOARD MEMBER | $500 | $0 | $500 |
| Julie M Garner | BOARD MEMBER | $500 | $0 | $500 |
| Richard C Avery | BOARD MEMBER | $250 | $0 | $250 |
Total Giving
$162K
Total Assets
$2.6M
Fair Market Value
$2.9M
Net Worth
$2.6M
Grants Paid
$136K
Contributions
N/A
Net Investment Income
$46K
Distribution Amount
$143K
Total: $2.6M
Total Grants
125
Total Giving
$610K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
59
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchGENERAL SUPPORT | Morganton, NC | $8K | 2022 |
| City Of MorgantonGENERAL PURPOSE | Morganton, NC | $15K | 2022 |
| Burke County United WayGENERAL PURPOSE | Morganton, NC | $10K | 2022 |
| Good Samaritan ClinicGENERAL | Fort Smith, AZ | $10K | 2022 |
| Foothills ConservancyFUNDING TO SUPPORT THE | Morganton, NC | $10K | 2022 |
| First United Methodist Church OfGENERAL PURPOSE | Morganton, NC | $10K | 2022 |
| Catawba Riverkeeper FoundationGENERAL | Mcadenville, NC | $10K | 2022 |
| North Carolina School Of ScienceGENERAL SUPPORT | Durham, NC | $10K | 2022 |
| North Carolina School For The DeafGENERAL | Morganton, NC | $10K | 2022 |
| History Museum Of Burke County IncGENERAL | Morganton, NC | $10K | 2022 |
| Community Kindness IncGENERAL | Belleville, IL | $7K | 2022 |
| Unc Chapel HillEDUCATION | Chapel Hill, NC | $7K | 2022 |
| The Industrial CommonsGENERAL | Morganton, NC | $5K | 2022 |
| Burke County Young LifeGENERAL | Morganton, NC | $5K | 2022 |
| Make-A-Wish Foundation Of Central And WeGENERAL | Charlotte, NC | $5K | 2022 |
| OptionsGENERAL PURPOSE | Morganton, NC | $5K | 2022 |
| Burke Charitable PropertiesGENERAL PURPOSE | Morganton, NC | $4K | 2022 |
| The House Of Refuge Ministries IncFUNDING TO SUPPORT THE | Sandford, FL | $4K | 2022 |
| North Carolina State UniversityGENERAL SUPPORT | Raleigh, NC | $3K | 2022 |
| Prevent BlindnessGENERAL SUPPORT | Raleigh, NC | $3K | 2022 |
| Joys Hope IncGENERAL | Connelly Springs, NC | $3K | 2022 |
| Burke County Literacy CouncilGENERAL | Morganton, NC | $3K | 2022 |
| Davidson CollegePAYMENT OF GRANT FOR | Davidson, NC | $3K | 2022 |
| Assure The FutureEDUCATION | Morganton, NC | $2K | 2022 |
| Furman UniversityGENERAL | Greenville, SC | $2K | 2022 |
| Appalachian State UniversityEDUCATION | Boone, NC | $2K | 2022 |