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Stonecutter Foundation Inc. is a private corporation based in SPINDALE, NC. The foundation received its IRS ruling in 1944. It holds total assets of $8.2M. Annual income is reported at $1M. The foundation is governed by 8 officers and trustees. Tax records are available from 2021 to 2024. Grantmaking is concentrated in North Carolina. According to available records, Stonecutter Foundation Inc. has made 79 grants totaling $2.5M, with a median grant of $10K. Annual giving has grown from $574K in 2021 to $1.4M in 2023. Individual grants have ranged from $500 to $204K, with an average award of $31K. The foundation has supported 31 unique organizations. Grants have been distributed to organizations in North Carolina and District of Columbia. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$24K
Largest Grant
$150K
Based on 24 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.
Stonecutter Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 79 grants. Its grantmaking reaches organizations primarily in NC, DC.
Stonecutter Foundation Inc. has distributed a total of $2.5M across 79 grants. The median grant size is $10K, with an average of $31K. Individual grants have ranged from $500 to $204K.
The foundation generally makes contributions to local educational institutions and civic organizations.
Stonecutter Foundation Inc. is headquartered in SPINDALE, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Terri C Barringer | EXECUTIVE DI | $102K | $0 | $102K |
| Myra H Cowan | SECRETARY | $0 | $0 | N/A |
| Maria Hunnicutt | DIRECTOR | $0 | $0 | N/A |
| Carolyn Keever | DIRECTOR | $0 | $0 | N/A |
| Tiffany Lathan | DIRECTOR | $0 | $0 | N/A |
| Jason Harrill | DIRECTOR | $0 | $0 | N/A |
| Dr Dillard Morrow | PRESIDENT | $0 | $0 | N/A |
| James R Cowan | VP & TREASUR | $0 | $0 | N/A |
Total Giving
$1000K
Total Assets
$8.5M
Fair Market Value
$18.2M
Net Worth
$8.5M
Grants Paid
$652K
Contributions
$5K
Net Investment Income
$844K
Distribution Amount
$786K
Total: $7.2M
Total Grants
79
Total Giving
$2.5M
Average Grant
$31K
Median Grant
$10K
Unique Recipients
31
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rutherford County Habitat For HumanCOMMUNITY | Rutherfordton, NC | $204K | 2023 |
| Rutherford Housing PartnershipCOMMUNITY | Rutherfordton, NC | $103K | 2023 |
| Kidsenses Children'S MuseumCOMMUNITY | Rutherfordton, NC | $100K | 2023 |
| Hatch Avl FoundationEDUCATION | Asheville, NC | $97K | 2023 |
| Gardner-Webb UniversityEDUCATION | Boiling Springs, NC | $70K | 2023 |
| Trinity SchoolEDUCATION | Rutherfordton, NC | $20K | 2023 |
| Rutherford County Visual Arts GuildCOMMUNITY | Rutherfordton, NC | $17K | 2023 |
| Icc FoundationEDUCATION | Spindale, NC | $10K | 2023 |
| Spindale United Methodist ChurchCOMMUNITY | Spindale, NC | $10K | 2023 |
| Symphony Of Rutherford CountyCOMMUNITY | Rutherfordton, NC | $10K | 2023 |
| IccEDUCATION | Spindale, NC | $10K | 2023 |
| Boys Scouts Of AmericaCOMMUNITY | Gastonia, NC | $5K | 2023 |
| Buncombe Alternatives IncCOMMUNITY | Asheville, NC | $5K | 2023 |
| GlobalgivingHUMANITARIAN | Washington, DC | $5K | 2023 |
| Independent College Fund Of NcEDUCATION | Raleigh, NC | $3K | 2023 |
| Schiele Museum Of Natural HistoryCOMMUNITY | Gastonia, NC | $3K | 2023 |
| Discovery PlaceCOMMUNITY | Charlotte, NC | $3K | 2023 |
| Spencer Baptist ChurchRELIGIOUS | Spindale, NC | $1K | 2023 |
| Rutherford Co Economic DevelopmentCOMMUNITY | Forest City, NC | $40K | 2022 |
| Mars Hill UniversityEDUCATION | Mars Hill, NC | $15K | 2022 |
| Blue Ridge HopeCOMMUNITTY | Rutherfordton, NC | $10K | 2022 |
| Montreat CollegeEDUCATION | Montreat, NC | $5K | 2022 |
| Foothills Credit CounselingCOMMUNITY | Forest City, NC | $5K | 2022 |
| Cooper Springs Congregational ChurcCOMMUNITY | Bostic, NC | $3K | 2022 |
| Visual Arts Guild Of Rutherford CouCOMMUNITY | Rutherfordton, NC | $3K | 2022 |