Associated Foundation Incorporated

BELMONT, NC EIN: 56-6043197

Associated Foundation Incorporated is a private foundation, based in BELMONT, NC. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $776K in total assets. In 2023, it awarded 13 grants totaling $38K. Net investment income was $26K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$776K

+4.4% YoY

Annual Giving

$38K

+1.7% YoY

Grant Count

13

+8.3% YoY

Avg Grant Size

$3K

-6.1% YoY

About Associated Foundation Incorporated

Based on IRS filings

Associated Foundation Incorporated is a private foundation, based in BELMONT, NC. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $776K in total assets. In 2023, it awarded 13 grants totaling $38K. Net investment income was $26K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BelmontCharlestonCharlotteCramertonCullowheeGastoniaLittle SwitzerlandMatthews

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$14K$27K$41K$55K2020202120222023
Metric202320222021
Total Assets$775,740$742,710$893,373
Revenue$36,685$37,915$49,599
Expenses$49,094$49,482$49,972
Qualifying Distributions$49,094$49,482
Net Investment Income$25,749$25,944$38,157
Distributable Amount$38,887$42,149$42,497

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$19K$29K$38K8 grants202010 grants202112 grants202213 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2023

GASTON COMMUNITY FOUNDAT…$18KFIRST PRES CHURCH$5KSPOLETO FESTIVAL USA$3KWILDACRES RETREAT$3KCHARLOTTE SYMPHONY$3KCOVENANT PRES CHURCH$2KCHARLOTTE MASTER CHORALE$2KSOUTHPOINT HIGH SCHOOL$1KSLEEP IN HEAVENLY PEACE$1KWESTERN CAROLINA UNIVERS…$1K

Grant Size Distribution

43 grants across all recorded years

43<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

NameTitleHoursCompensation
SP STOWE IIIPRESIDENT2
JC STOWEVICE PRESIDENT2
RD HALL JRVICE PRESIDENT2
R P WHITESECRETARY2

Related Funders

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

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