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Rug & Home Foundation Inc. is a private corporation based in ASHEVILLE, NC. The foundation received its IRS ruling in 2007. The principal officer is Rakesh Agarwal. It holds total assets of $25K. Annual income is reported at $35K. Total assets have decreased from $84K in 2011 to $17K in 2022. The foundation is governed by 3 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 2022. Grantmaking is concentrated in North Carolina. According to available records, Rug & Home Foundation Inc. has made 12 grants totaling $85K, with a median grant of $3K. Annual giving has decreased from $57K in 2021 to $28K in 2022. Individual grants have ranged from $500 to $29K, with an average award of $7K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in North Carolina and Georgia and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$7K
Largest Grant
$25K
Based on 5 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.
Rug & Home Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NC, GA, SC.
Rug & Home Foundation Inc. has distributed a total of $85K across 12 grants. The median grant size is $3K, with an average of $7K. Individual grants have ranged from $500 to $29K.
Rug & Home Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Rug & Home Foundation Inc. is headquartered in ASHEVILLE, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rakesh Agarwal | PRESIDENT | $0 | $0 | N/A |
| Vinita Agarwal | VICE PRESIDENT/SECRETARY | $0 | $0 | N/A |
| Aanchal A Gupta | TREASURER | $0 | $0 | N/A |
Total Giving
$30K
Total Assets
$17K
Fair Market Value
$17K
Net Worth
$17K
Grants Paid
$28K
Contributions
$10K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$85K
Average Grant
$7K
Median Grant
$3K
Unique Recipients
11
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Yuvaan Tiwari FoundationGENERAL FUNDING | Atlanta, GA | $10K | 2022 |
| Bullington GardensGENERAL FUNDING | Hendersonville, NC | $5K | 2022 |
| India Association Of GreenvilleGENERAL FUNDING | Greenville, SC | $5K | 2022 |
| Nciap Peoples Medical CareGENERAL FUNDING | Raleigh, NC | $3K | 2022 |
| Mount SomaGENERAL FUNDING | Clyde, NC | $2K | 2022 |
| Vedic Center Of GreenvilleGENERAL FUNDING | Mauldin, SC | $2K | 2022 |
| HelpmateGENERAL FUNDING | Asheville, NC | $2K | 2022 |
| Sri Aurobindo Integral Life CenterGENERAL FUNDING | Fountain Inn, SC | $500 | 2022 |
| Selah Grace Henderson RaffleGENERAL FUNDING | Hendersonville, NC | $29K | 2021 |
| MemorycareGENERAL FUNDING | Asheville, NC | $25K | 2021 |
| The Store HouseGENERAL FUNDING | Hendersonville, NC | $1K | 2021 |