Armat Foundation Inc

Foundation · Grantmaker Mount Airy, NC EIN: 56-2045002

Armat Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Mount Airy, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 5 grants totaling $108K. Net investment income was $109K.

Key facts about Armat Foundation Inc

EIN: 56-2045002
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $107,900
Grants made (2024): 5
Average grant: $21,580
Median grant: $5,300
Total assets: $1,403,369
Primary geography: North Carolina (53% of itemized 2024 grant dollars)

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

Who Armat Foundation Inc funds

By grant dollars, the top recipient states for Armat Foundation Inc's 5 itemized 2024 grants were North Carolina (53%) and Tennessee (47%). The most frequent recipient cities were Mount Airy, NC (3 grants). 80% of grants with a stated purpose were for general or operating support.

How Armat Foundation Inc gives

Giving fell 29% from 2021 to 2024. Method
In 2024 it paid out 62% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

-0.1% YoY

Annual Giving

$108K

-14.2% YoY

Grant Count

+66.7% YoY

Avg Grant Size

$22K

-48.5% YoY

Under IRS private-foundation payout rules, Armat Foundation Inc reported a distributable amount of $175K for 2024 — the minimum it must pay out in qualifying distributions.

About Armat 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 $57K (53%)

Tennessee $51K (47%)

Share of all 5 itemized 2024 grant dollars.

States

North Carolina Tennessee Virginia

Cities

Mount AiryWinstonsalemRaleighCanaDobsonMemphisCandlerChattanoogaGalaxLaurel SpringsLexingtonWilmington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,403,369	$1,404,111	$1,416,784
Revenue	$113,268	$120,459	$46,677
Expenses	$114,010	$133,132	$21,407
Qualifying Distributions	$109,587	$127,738	$16,735
Net Investment Income	$108,845	$117,249	$51,285
Distributable Amount	$175,393	$135,019	$107,601

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

60 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include McCallie School ($51,000), Surry Community College ($50,100), Mount Airy Restoration Foundation ($5,300).

Recipient	Purpose	Amount
MCCALLIE SCHOOL Chattanooga, TN	RONNIE THOMAS SCHOLARSHIP/PAT WOOLSEY PLAQUE	$51,000
SURRY COMMUNITY COLLEGE Dobson, NC	UNRESTRICTED	$50,100
MOUNT AIRY RESTORATION FOUNDATION Mount Airy, NC	UNRESTRICTED	$5,300
SURRY ARTS COUNCIL Mount Airy, NC	UNRESTRICTED	$1,000
MOUNT AIRY MUSEUM OF REGIONAL HISTORY Mount Airy, NC	UNRESTRICTED	$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
Betty Wright	President, Secretary	1	—
Tamra Wright Thomas	Asst. Sec.	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Armat Foundation Inc?

Armat Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Mount Airy, NC. It holds $1.4M in total assets as of 2024.

How large is Armat Foundation Inc?

As of 2024, Armat Foundation Inc holds $1.4M in total assets with $113K in annual revenue. It awarded 5 grants totaling $108K in 2024.

Where does Armat Foundation Inc operate?

Armat Foundation Inc has awarded grants in North Carolina, Tennessee, Virginia.

What size grants does Armat Foundation Inc award?

In 2024, Armat Foundation Inc awarded 5 grants totaling $108K — an average of about $22K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Armat Foundation Inc reported a distributable amount of $175K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Armat Foundation Inc's EIN?

Armat Foundation Inc's EIN (Employer Identification Number) is 56-2045002. IRS Form 990 filing data is available on this page for 2020–2024.

Explore Open Grants

Asheville, NC

Assets

$2.0B

Grants

835

Total Given

$148.2M

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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