American Schlafhorst Foundation Inc

CHARLOTTE, NC EIN: 56-1590110

American Schlafhorst Foundation Inc is a private foundation, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $902K in total assets. In 2024, it awarded 3 grants totaling $54K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$902K

-5.9% YoY

Annual Giving

$54K

+94.9% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$18K

+29.9% YoY

Under IRS private-foundation payout rules, American Schlafhorst Foundation Inc reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.

About American Schlafhorst Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $89K (63%)

New York $20K (14%)

Tennessee $20K (14%)

Texas $13K (9%)

States

North Carolina New York Tennessee Texas

Cities

AshevilleBonneCharlotteDallasMemphisStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$902,482	$959,246	$1,007,474
Revenue	$69,077	$50,968	$-18,140
Expenses	$125,841	$99,196	$93,019
Qualifying Distributions	$53,600	$27,500	$20,000
Net Investment Income	—	—	—
Distributable Amount	$56,823	$54,037	$56,841

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Samaritan's Purse ($35,000), The Salvation Army of Asheville ($10,000), American Red Cross ($8,600).

Recipient	Purpose	Amount
AMERICAN RED CROSS CHARLOTTE, NC	GENERAL SUPPORT	$8,600
SAMARITAN'S PURSE BONNE, NC	GENERAL SUPPORT	$35,000
THE SALVATION ARMY OF ASHEVILLE ASHEVILLE, NC	GENERAL SUPPORT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAN W LOFTIS	EXECUTIVE DIRECTOR	20	$55,200
ROBERT SAGE	PRESIDENT	—	—
ERNEST REIGEL	SECRETARY	—	—
JOHN W FLETCHER III	DIRECTOR	—	—

Frequently Asked Questions

How large is American Schlafhorst Foundation Inc?

As of 2024, American Schlafhorst Foundation Inc holds $902K in total assets with $69K in annual revenue. It awarded 3 grants totaling $54K in 2024.

Where does American Schlafhorst Foundation Inc operate?

American Schlafhorst Foundation Inc has awarded grants in North Carolina, New York, Tennessee, Texas.

What size grants does American Schlafhorst Foundation Inc award?

In 2024, American Schlafhorst Foundation Inc awarded 3 grants totaling $54K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is American Schlafhorst Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, American Schlafhorst Foundation Inc reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is American Schlafhorst Foundation Inc's EIN?

American Schlafhorst Foundation Inc's EIN (Employer Identification Number) is 56-1590110. IRS Form 990 filing data is available on this page for 2020–2024.