Associated Foundation Incorporated
Associated Foundation Incorporated is a private foundation focused on Arts and culture, 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
Under IRS private-foundation payout rules, Associated Foundation Incorporated reported a distributable amount of $39K for 2023 — the minimum it must pay out in qualifying distributions.
About Associated Foundation Incorporated
Based on IRS filings
Associated Foundation Incorporated is a private foundation focused on Arts and culture, 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
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Gaston Community Foundation ($17,500), First Pres Church ($5,000), Spoleto Festival Usa ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COVENANT PRES CHURCH CHARLOTTE, NC | RELIGIOUS | $1,500 |
| SPOLETO FESTIVAL USA CHARLESTON, SC | COMMUNITY CHARITABLE | $3,000 |
| GASTON COMMUNITY FOUNDATION GASTONIA, NC | COMMUNITY CHARITABLE | $17,500 |
| SOUTHPOINT HIGH SCHOOL BELMONT, NC | EDUCATION | $1,000 |
| CHARLOTTE MASTER CHORALE MATTHEWS, NC | ART SCIENCE | $1,500 |
| WILDACRES RETREAT LITTLE SWITZERLAND, NC | COMMUNITY CHARITABLE | $2,500 |
| FIRST PRES CHURCH GASTONIA, NC | RELIGIOUS | $5,000 |
| CRAMERTON MIDDLE SCHOOL CRAMERTON, NC | EDUCATION | $300 |
| SLEEP IN HEAVENLY PEACE BELMONT, NC | COMMUNITY CHARITABLE | $1,000 |
| SOUTHPOINT HS BAND BOOSTERS BELMONT, NC | EDUCATION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SP STOWE III | PRESIDENT | 2 | — |
| JC STOWE | VICE PRESIDENT | 2 | — |
| RD HALL JR | VICE PRESIDENT | 2 | — |
| R P WHITE | SECRETARY | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Associated Foundation Incorporated?
Associated Foundation Incorporated is a private foundation focused on Arts and culture, based in BELMONT, NC. It holds $776K in total assets as of 2023.
How large is Associated Foundation Incorporated?
As of 2023, Associated Foundation Incorporated holds $776K in total assets with $37K in annual revenue. It awarded 13 grants totaling $38K in 2023.
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 2023, Associated Foundation Incorporated awarded 13 grants totaling $38K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Associated Foundation Incorporated required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Associated Foundation Incorporated reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2023.
Explore Open Grants
Browse active grant opportunities in Associated Foundation Incorporated'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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