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Philip And Helen Pitts Foundation is a private corporation based in MORGANTON, NC. The foundation received its IRS ruling in 2015. It holds total assets of $892K. Annual income is reported at $98K. The foundation is governed by 2 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. According to available records, Philip And Helen Pitts Foundation has made 4 grants totaling $306K, with a median grant of $72K. Annual giving has grown from $69K in 2020 to $93K in 2023. Individual grants have ranged from $69K to $93K, with an average award of $76K. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
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.
Philip And Helen Pitts Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NC.
Philip And Helen Pitts Foundation has distributed a total of $306K across 4 grants. The median grant size is $72K, with an average of $76K. Individual grants have ranged from $69K to $93K.
Philip And Helen Pitts Foundation typically selects its grantees rather than accepting unsolicited proposals.
Philip And Helen Pitts Foundation is headquartered in MORGANTON, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Clinton H Lytle | EXECUTIVE TRUSTEE | $4K | $0 | $4K |
| James Conley Mitchell Iii | EXECUTIVE TRUSTEE | $4K | $0 | $4K |
Total Giving
$104K
Total Assets
$932K
Fair Market Value
$1.9M
Net Worth
$932K
Grants Paid
$93K
Contributions
N/A
Net Investment Income
$82K
Distribution Amount
$91K
Total Grants
4
Total Giving
$306K
Average Grant
$76K
Median Grant
$72K
Unique Recipients
1
Most Common Grant
$69K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchBUILDING PRESERVATION FUND | Morganton, NC | $93K | 2023 |