Boyd-glenn Foundation

MONTREAT, NC EIN: 56-1855689

Boyd-glenn Foundation is a private foundation, based in MONTREAT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.6M in total assets. In 2024, it awarded 10 grants totaling $58K. Net investment income was $82K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.6M

+437.6% YoY

Annual Giving

$58K

+35.1% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$6K

+8.1% YoY

Under IRS private-foundation payout rules, Boyd-glenn Foundation reported a distributable amount of $103K for 2024 — the minimum it must pay out in qualifying distributions.

About Boyd-glenn Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $168K (90%)

South Carolina $14K (7%)

Montana $5K (3%)

States

Montana North Carolina South Carolina

Cities

AshevilleBlack MountainBooneCharlotteConoverCrossnoreDavidsonGastoniaGeorgetownLincolntonMissoulaMontreatSpartanburgTodd

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,634,482	$1,420,129	$1,025,614
Revenue	$6,159,500	$355,661	$237,437
Expenses	$68,962	$51,137	$36,733
Qualifying Distributions	$60,050	$44,699	$28,775
Net Investment Income	$81,588	$35,019	$16,369
Distributable Amount	$102,803	$59,126	$45,067

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

44 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Swannanoa Valley Christian Ministri ($10,000), Black Mountain Children's Home ($10,000), Black Mountain Presbyterian Church ($10,000).

Recipient	Purpose	Amount
CHRISTIAN MINISTRY LINCOLNTON, NC	GENERAL PURPOSE	$5,000
HESED HOUSE LINCOLNTON, NC	ASSIST WITH SERVICES TO HOMELESS	$2,000
SWANNANOA VALLEY CHRISTIAN MINISTRI BLACK MOUNTAIN, NC	TAX EXEMPT CHARITABLE FUNCTION OF THE ORGANIZATION	$10,000
BLACK MOUNTAIN CHILDREN'S HOME BLACK MOUNTAIN, NC	GENERAL PURPOSE	$10,000
UNITED WAY OF LINCOLN COUNTY LINCOLNTON, NC	TAX EXEMPT PURPOSE OF UNITED WAY	$4,000
DREAM CENTER ACADEMY GASTONIA, NC	FURTHER ACADEMIC OPPORTUNITY FOR UNDERSERVED STUDENTS	$5,000
BLACK MOUNTAIN PRESBYTERIAN CHURCH BLACK MOUNTAIN, NC	RELIGIOUS FUNCTION OF THE CHURCH	$10,000
SAMARITAN'S PURSE BOONE, NC	TAX EXEMPT FUNCTION OF THE ORGANIZATION	$5,000
VIA HEALTH PARTNERS CHARLOTTE, NC	FUND PALLIATIVE CARE SERVICES PROVIDED BY THE ORGANIZATION	$2,000
MISSOULA YOUNG LIFE MISSOULA, MT	ASSISTANCE WITH YOUTH MINISTRY	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DANIEL M BOYD III	Trustee	1	—
MARY HORNBAKER	Trustee	1	—

Frequently Asked Questions

How large is Boyd-glenn Foundation?

As of 2024, Boyd-glenn Foundation holds $7.6M in total assets with $6.2M in annual revenue. It awarded 10 grants totaling $58K in 2024.

Where does Boyd-glenn Foundation operate?

Boyd-glenn Foundation has awarded grants in Montana, North Carolina, South Carolina.

What size grants does Boyd-glenn Foundation award?

In 2024, Boyd-glenn Foundation awarded 10 grants totaling $58K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Boyd-glenn Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Boyd-glenn Foundation reported a distributable amount of $103K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.