Adds Love Foundation Inc

Foundation · Grantmaker Greensboro, NC EIN: 87-0911687

Adds Love Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greensboro, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $353K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $10K.

Key facts about Adds Love Foundation Inc

EIN: 87-0911687
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $13,500
Grants made (2024): 6
Average grant: $2,250
Median grant: $1,000
Total assets: $352,859
Primary geography: North Carolina (81% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Adds Love Foundation Inc funds

By grant dollars, the top recipient states for Adds Love Foundation Inc's 6 itemized 2024 grants were North Carolina (81%), Texas (7%) and New Jersey (7%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (6 grants).

How Adds Love Foundation Inc gives

In 2024 it paid out 192% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Adds Love Foundation Inc

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$353K

-6.0% YoY

Annual Giving

$14K

-73.4% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$2K

-64.6% YoY

Under IRS private-foundation payout rules, Adds Love Foundation Inc reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.

About Adds Love Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $11K (81%)

Texas $1K (7%)

New Jersey $1K (7%)

Kentucky $500 (4%)

Share of all 6 itemized 2024 grant dollars.

States

Illinois Kentucky North Carolina New Jersey Texas

Cities

GreensboroGreensobroHoustonCedar KnollsCharlotteChicadoErlangerJamestownVorheesWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$352,859	$375,268	$426,563
Revenue	$16,808	$7,490	$187,793
Expenses	$39,217	$58,785	$63,855
Qualifying Distributions	$35,741	$55,851	$61,000
Net Investment Income	$10,113	$7,566	$3,672
Distributable Amount	$18,589	$18,217	$16,263

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Black Ink Gala Sponsor ($5,000), RMHC Piedmont Triad ($5,000), Sister Network ($1,000).

Recipient	Purpose	Amount
BLACK INK GALA SPONSOR Greensobro, NC	CHARITABLE	$5,000
RMHC PIEDMONT TRIAD Winstonsalem, NC	CHARITABLE	$5,000
SISTER NETWORK Houston, TX	CHARITABLE	$1,000
SOUNDMINDS MENTAL HEALTH AWARENESS Vorhees, NJ	CHARITABLE	$1,000
YWCA GREENSBORO Greensboro, NC	CHARITABLE	$1,000
DISABLED AMERICAN VETERANS Erlanger, KY	CHARITABLE	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
James Smith	Director	1	—
Debra Smith	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Adds Love Foundation Inc?

Adds Love Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greensboro, NC. It holds $353K in total assets as of 2024.

How large is Adds Love Foundation Inc?

As of 2024, Adds Love Foundation Inc holds $353K in total assets with $17K in annual revenue. It awarded 6 grants totaling $14K in 2024.

Where does Adds Love Foundation Inc operate?

Adds Love Foundation Inc has awarded grants in Illinois, Kentucky, North Carolina, New Jersey, Texas.

What size grants does Adds Love Foundation Inc award?

In 2024, Adds Love Foundation Inc awarded 6 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Adds Love Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Adds Love Foundation Inc reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.