Asheville Area Chamber of Commerce Community Betterment Foundation
DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-13.7% YoY
Annual Giving
$749K
+85.6% YoY
Grant Count
15
+1400.0% YoY
Avg Grant Size
$50K
-87.6% YoY
About Asheville Area Chamber of Commerce Community Betterment Foundation
Based on IRS filings
Asheville Area Chamber of Commerce Community Betterment Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 15 grants totaling $749K. Net investment income was $34K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,855,987 | $2,151,279 | $2,704,997 |
| Revenue | $1,110,442 | $3,782,364 | $6,607,474 |
| Expenses | $1,260,699 | $4,013,723 | $6,589,290 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $34,250 | $21,707 | $1,942 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Asheville Area Chamber of Commerce ($614,435), OpenDoors Asheville ($10,000), Asheville Museum of Science ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LoLo LLC Asheville, NC | "Best Startup to Work For" Award | $5,000 |
| OpenDoors Asheville Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| Asheville Museum of Science Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| Black Wall Street AVL Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| All Souls Counseling Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| Buncombe County Schools Foundation Inc Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| Asheville Greenworks Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| My Daddy Taught Me That Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| Western Carolina Rescue Ministries Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
| Eblen Charities Inc Asheville, NC | Operating Support for 13 local non-profit organizations | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ben Hamrick | Treasurer | 1 | — |
| John F A V Cecil | Chair | 1 | — |
| Suzanne Deferie | Vice-Chair | 1 | — |
| Austin Walker | Board Member | 1 | — |
| Carolyn Coward | Board Member | 1 | — |
| Dana Stonestreet | Board Member | 1 | — |
| Himanshu Karvir | Board Member | 1 | — |
| Janice Brumit | Board Member | 1 | — |
| Kevin Hefner | Board Member | 1 | — |
| Laura Webb | Board Member | 1 | — |
| Robert Roberts | Board Member | 1 | — |
| Terri King | Board Member | 1 | — |
| Tracy Buchanan | Board Member | 1 | — |
| W Louis Bissette | Board Member | 1 | — |
| William A V Cecil | Board Member | 1 | — |
| Kathryn Cramer | Secretary | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Asheville Area Chamber of Commerce Community Betterment Foundation?
Asheville Area Chamber of Commerce Community Betterment Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $1.9M in total assets as of 2024.
How large is Asheville Area Chamber of Commerce Community Betterment Foundation?
As of 2024, Asheville Area Chamber of Commerce Community Betterment Foundation holds $1.9M in total assets with $1.1M in annual revenue. It awarded 15 grants totaling $749K in 2024.
Where does Asheville Area Chamber of Commerce Community Betterment Foundation operate?
Asheville Area Chamber of Commerce Community Betterment Foundation has awarded grants in North Carolina.
What size grants does Asheville Area Chamber of Commerce Community Betterment Foundation award?
In 2024, Asheville Area Chamber of Commerce Community Betterment Foundation awarded 15 grants totaling $749K — an average of about $50K per grant, based on its IRS Form 990 filings.
What is Asheville Area Chamber of Commerce Community Betterment Foundation's EIN?
Asheville Area Chamber of Commerce Community Betterment Foundation's EIN (Employer Identification Number) is 56-1762978. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Asheville Area Chamber of Commerce Community Betterment Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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