Associated Foundation Incorporated
Associated Foundation Incorporated is a private foundation based in Belmont, North Carolina. Its 2025 filing reports grants to charitable organizations, with 92% of grant dollars going to recipients in North Carolina and 8% to recipients in South Carolina.
Associated Foundation Incorporated at a glance
In short: Associated Foundation Incorporated gave $31K across 18 grants in 2025 (avg $2K), mostly in North Carolina. 61% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $31,000
- Grants made (2025)
- 18
- Average grant
- $1,722
- Median grant
- $500
- Total assets
- $957,225
- New grantees (estimate)
- 61% first-time grantees (11 of 18, 2025; small sample)
- Primary geography
- North Carolina (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Associated Foundation Incorporated
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3132 Channel View Landing, Belmont, NC 28012
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Associated Foundation Incorporated funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Belmont Abbey College ($8K). Together the top 10 received $28K.
Grant Size Distribution
61 grants across all recorded years
The most common grant size was under $50K: 61 grants of 61 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 92% of grant dollars went to North Carolina recipients and 8% went to South Carolina recipients. Listed North Carolina grantees included organizations in Belmont, Gastonia, Charlotte, Matthews, Mount Holly, and Little Switzerland; the South Carolina grant listed was to Spoleto in Charleston.
Grant Distribution by State
Share of 2025 grant dollars across all 18 itemized grants.
States
Cities
Is Associated Foundation Incorporated open to new grantees?
61%
first-time grantees, 2025
In 2025, 11 of 18 grantees (61%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $727; repeat grants $3K. How we count
Medians: $500 first-time, $3K repeat.
- Giving held roughly steady from 2022 to 2025 (−17%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $31K (2025) to $38K (2021). In 2025 it made 18 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Belmont Abbey College Belmont, NC | Education | $8,000 |
| First Presbyterian Church Belmont, NC | Religious | $6,500 |
| Wildacres Retreat Little Switzerland, NC | Community Charitable | $2,500 |
| Spoleto Charleston, SC | Arts and Science | $2,500 |
| Charlotte Symphony Charlotte, NC | Arts and Science | $2,500 |
| South Point High School Belmont, NC | Education Arts and Science | $1,500 |
| Stowe YMCA Gastonia, NC | Community Charitable | $1,500 |
| Charlotte Master Chorale Matthews, NC | Arts and Science | $1,500 |
| Mountain Island Charter School Mt Holly, NC | Education | $500 |
| Holy Angels Belmont, NC | Community Charitable | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $957,225 | $49,609 | $43,681 | $31,000 | 18 | $43,160 | $37,449 | $45,269 |
| 2023 | $775,740 | $36,685 | $49,094 | $37,800 | 13 | $49,094 | $25,749 | $38,887 |
| 2022 | $742,710 | $37,915 | $49,482 | $37,150 | 12 | $49,482 | $25,944 | $42,149 |
| 2021 | $893,373 | $49,599 | $49,972 | $38,000 | 10 | — | $38,157 | $42,497 |
| 2020 | $787,931 | $29,792 | $45,062 | $34,400 | 8 | — | $19,520 | $40,465 |
Under IRS private-foundation payout rules, Associated Foundation Incorporated reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available filing information does not state the foundation’s mission. Its 2025 grants included support for education, religious organizations, arts and science, and community charitable purposes.
Grantees describe a range of work. Belmont Abbey College says its mission is to educate students in the liberal arts and sciences, guided by the Catholic intellectual tradition and Benedictine spirit. Wildacres Retreat says it provides conference facilities and meals for religious, civic, and cultural groups. Charlotte Master Chorale describes a focus on choral music, artistic excellence, education, and community. Holy Angels says it provides care and support for people with intellectual and developmental disabilities and delicate medical conditions. Mountain Island Charter School says it operates a charter school in North Carolina. Belmont Community Organization describes providing food, household goods, and limited financial assistance to local families. Gaston Arts Council says it solicits and distributes funds for arts-related agencies in Gaston County, and Gaston School of the Arts says it provides affordable instruction in music, art, and drama.
Grantmaking
In filing year 2025, the foundation reported 18 grants totaling $31,000. Grants ranged from $250 to $8,000, with a median grant of $500.
The largest reported grants included $8,000 to Belmont Abbey College for education; $6,500 to First Presbyterian Church for religious purposes; $2,500 each to Wildacres Retreat for community charitable purposes, Spoleto for arts and science, and Charlotte Symphony for arts and science; and $1,500 each to South Point High School, Stowe YMCA, and Charlotte Master Chorale. Other listed recipients included Mountain Island Charter School, Holy Angels, Gaston School of the Arts, and Gaston Hospice, each receiving $500.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists SP Stowe III as President and JC Stowe and Ashley E Stowe as Vice Presidents.
Associated Foundation Incorporated is led by SP Stowe III, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
SP Stowe III
President
On filings since 2020
2 hrs/week
No compensation reported
JC Stowe
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Ashley E Stowe
Vice President
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (2)
- Former: R. P. White (2020–2023) — Secretary
- Former: Rd Hall Jr. (2020–2023) — Vice President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Associated Foundation Incorporated
How much does Associated Foundation Incorporated give each year?
Associated Foundation Incorporated gave $31K across 18 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Associated Foundation Incorporated's typical grant size?
Associated Foundation Incorporated's median grant in 2025 was $500, and its average grant was $1,722, across 18 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Associated Foundation Incorporated that year got $727 on average.
Where does Associated Foundation Incorporated give grants?
Associated Foundation Incorporated gives mostly in North Carolina: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (8%). The most frequent recipient cities were Belmont, NC (7 grants), Gastonia, NC (4 grants) and Mt Holly, NC (2 grants).
Does Associated Foundation Incorporated give general operating support?
Not in 2025: none of the 18 grants with a stated purpose on Associated Foundation Incorporated's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Charitable" (9 grants) and "Arts and Science" (5 grants).
Who are Associated Foundation Incorporated's largest grantees?
Associated Foundation Incorporated's largest 2025 grantees include Belmont Abbey College ($8,000), First Presbyterian Church ($6,500) and Wildacres Retreat ($2,500), according to its 2025 IRS Form 990-PF. Together they received 55% of its itemized 2025 grant dollars.
How large is Associated Foundation Incorporated?
Associated Foundation Incorporated reported $957K in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Associated Foundation Incorporated fund?
The available filing information does not state the foundation’s mission. Its 2025 grants included support for education, religious organizations, arts and science, and community charitable purposes. See mission & focus areas ↑
How do I apply for a grant from Associated Foundation Incorporated?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Associated Foundation Incorporated's EIN?
Associated Foundation Incorporated's EIN (Employer Identification Number) is 56-6043197. IRS Form 990 filing data is available on this page for 2020–2025.
Does Associated Foundation Incorporated accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 20, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 21, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 17, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 6, 2026)
- IRS filings on file for fiscal years 2020–2025
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