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Midgard Foundation is a private corporation based in ASHEVILLE, NC. The foundation received its IRS ruling in 1966. It holds total assets of $2.4M. Annual income is reported at $76K. Total assets have grown from $1.8M in 2011 to $2.4M in 2024. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in North Carolina and Florida. According to available records, Midgard Foundation has made 65 grants totaling $530K, with a median grant of $5K. Annual giving has grown from $170K in 2021 to $360K in 2022. Individual grants have ranged from $500 to $40K, with an average award of $8K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in North Carolina, Massachusetts, Connecticut, which account for 74% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$4K
Average Grant
$6K
Largest Grant
$50K
Based on 21 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.
Midgard Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 65 grants. Its grantmaking reaches organizations primarily in NC, MA, CT.
Midgard Foundation has distributed a total of $530K across 65 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $500 to $40K.
Midgard Foundation typically selects its grantees rather than accepting unsolicited proposals.
Midgard Foundation is headquartered in ASHEVILLE, NC. While based in NC, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David L Smith | TREASURER | $0 | $0 | N/A |
| Phillip C Broughton Jr | PRESIDENT | $0 | $0 | N/A |
| Margaret Crockett | SECRETARY | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.4M
Fair Market Value
N/A
Net Worth
$2.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
65
Total Giving
$530K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
24
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Asheville Art MuseumOPERATIONAL SUPPORT | Asheville, NC | $40K | 2022 |
| Manna Food BankOPERATIONAL SUPPORT | Asheville, NC | $25K | 2022 |
| Pisgah Legal ServicesOPERATIONAL SUPPORT | Asheville, NC | $25K | 2022 |
| University Of North Carolina At Ashevillerw Weatherhead ScholarshipsWEATHERHEAD SCHOLARSHIPS | Asheville, NC | $20K | 2022 |
| Beloved AshevilleOPERATIONAL SUPPORT | Asheville, NC | $14K | 2022 |
| Asheville Humane SocietyOPERATIONAL SUPPORT | Asheville, NC | $10K | 2022 |
| Warren Wilson Collegerw WeatherheadWEATHERHEAD SCHOLARSHIPS | Asheville, NC | $10K | 2022 |
| Ywca Northeastern MassachusettsOPERATIONAL SUPPORT | Lawrence, MA | $5K | 2022 |
| Neighbors In NeedOPERATIONAL SUPPORT | Lawrence, MA | $5K | 2022 |
| Meals On WheelsOPERATIONAL SUPPORT | Asheville, NC | $5K | 2022 |
| African Aquatic Conservation FundOPERATIONAL SUPPORT | Chilmark, MA | $5K | 2022 |
| New London Homeless Hospitality CenterOPERATIONAL SUPPORT | New London, CT | $4K | 2022 |
| Deerwood FoundationOPERATIONAL SUPPORT | Holderness, NH | $3K | 2022 |
| Artis-NaplesOPERATIONAL SUPPORT | Naples, FL | $2K | 2022 |
| Journeymen Of AshevilleOPERATIONAL SUPPORT | Asheville, NC | $2K | 2022 |
| Animal Kind InternationalOPERATIONAL SUPPORT | Jemez Springs, NM | $2K | 2022 |
| The Elephant SanctuaryOPERATIONAL SUPPORT | Hohenwald, TN | $2K | 2022 |
| First Congregational Church Of Old LymeOPERATIONAL SUPPORT | Old Lyme, CT | $1K | 2022 |
| MemorycareOPERATIONAL SUPPORT | Asheville, NC | $1K | 2022 |
| Equality North CarolinaOPERATIONAL SUPPORT | Raleigh, NC | $500 | 2022 |
| Golisano Childrens Museum Of NaplesOPERATIONAL SUPPORT | Naples, FL | $500 | 2022 |