Associated Foundation Incorporated

Foundation · Grantmaker Belmont, NC EIN: 56-6043197

Arts and cultureCommunity and economic developmentReligion

Associated Foundation Incorporated is a nonprofit organization focused on Arts and culture, based in Belmont, NC. IRS filing data is available from 2020 through 2025. In 2025, it awarded 18 grants totaling $31K.

Key facts about Associated Foundation Incorporated

EIN: 56-6043197
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $31,000
Grants made (2025): 18
Average grant: $1,722
Median grant: $500
New grantees (estimate): 72% first-time grantees (13 of 18, 2025)
Primary geography: North Carolina (92% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Associated Foundation Incorporated funds

By grant dollars, the top recipient states for Associated Foundation Incorporated's 18 itemized 2025 grants were North Carolina (92%) and South Carolina (8%). The most frequent recipient cities were Belmont, NC (7 grants), Gastonia, NC (4 grants) and Mt Holly, NC (2 grants). None of its 18 grants with a stated purpose were described as general or operating support. Recurring purposes include "Community Charitable" (9 grants) and "Arts and Science" (5 grants).

Is Associated Foundation Incorporated open to new grantees?

72%

first-time grantees, 2025

In 2025, 13 of 18 grantees (72%) were first-time recipients. First grants averaged $1K; repeat grants $3K. How we count

Medians: $500 first-time, $3K repeat.

Giving held roughly steady from 2022 to 2025 (−17%). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$31K

Grant Count

Avg Grant Size

$2K

About Associated Foundation Incorporated

Based on IRS filings

Focus Areas

Arts and cultureCommunity and economic developmentReligion

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $29K (92%)

South Carolina $3K (8%)

Share of all 18 itemized 2025 grant dollars.

States

North Carolina South Carolina

Cities

BelmontGastoniaCharlotteCharlestonLittle SwitzerlandMatthewsCramertonCullowheeMount HollyRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2023	2022
Total Assets	—	—	—
Revenue	—	—	—
Expenses	—	—	—
Qualifying Distributions	—	—	—
Net Investment Income	—	—	—
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

September 24, 2026 IRS filings on file for fiscal years 2020–2025

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 2025

Grant Size Distribution

61 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Belmont Abbey College ($8,000), First Presbyterian Church ($6,500), Wildacres Retreat ($2,500).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2025 IRS filing

Name	Title	Hours	Compensation
SP Stowe III	President	2	—
JC Stowe	Vice President	2	—
Ashley E Stowe	Vice President	2	—

Subject Areas

Focus areas based on grantmaking activity

Arts and cultureCommunity and economic developmentReligion

Frequently Asked Questions

What is Associated Foundation Incorporated?

Associated Foundation Incorporated is a nonprofit organization focused on Arts and culture, based in Belmont, NC. It holds — in total assets as of 2025.

Where does Associated Foundation Incorporated operate?

Associated Foundation Incorporated has awarded grants in North Carolina, South Carolina.

What size grants does Associated Foundation Incorporated award?

In 2025, Associated Foundation Incorporated awarded 18 grants totaling $31K — an average of about $2K per grant, based on its IRS Form 990 filings.

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.