Boyd-Glenn Foundation

Foundation · Grantmaker 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.

Key facts about Boyd-Glenn Foundation

EIN: 56-1855689
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $58,000
Grants made (2024): 10
Average grant: $5,800
Median grant: $5,000
New grantees (estimate): 50% first-time grantees (5 of 10, 2024)
Total assets: $7,634,482
Primary geography: North Carolina (91% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Boyd-Glenn Foundation funds

By grant dollars, the top recipient states for Boyd-Glenn Foundation's 10 itemized 2024 grants were North Carolina (91%) and Montana (9%). The most frequent recipient cities were Lincolnton, NC (3 grants). 20% of grants with a stated purpose were for general or operating support.

Is Boyd-Glenn Foundation open to new grantees?

50%

first-time grantees, 2024

In 2024, 5 of 10 grantees (50%) were first-time recipients. First grants averaged $5K; repeat grants $6K. How we count

Medians: $5K first-time, $5K repeat.

40% of 2024 grantees were also funded in 2023. Method
Giving grew 98% from 2021 to 2024. Method
In 2024 it paid out 58% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Boyd-Glenn Foundation

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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 $53K (91%)

Montana $5K (9%)

Share of all 10 itemized 2024 grant dollars.

States

Montana North Carolina South Carolina

Cities

LincolntonToddCrossnoreDavidsonMontreatAshevilleBooneCharlotteConoverGastoniaGeorgetownMissoulaSpartanburg

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

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include Swannanoa Valley Christian Ministri ($10,000), Black Mountain Children's Home ($10,000), Black Mountain Presbyterian Church ($10,000).

Recipient	Purpose	Amount
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
BLACK MOUNTAIN PRESBYTERIAN CHURCH Black Mountain, NC	RELIGIOUS FUNCTION OF THE CHURCH	$10,000
CHRISTIAN MINISTRY Lincolnton, NC	GENERAL PURPOSE	$5,000
DREAM CENTER ACADEMY Gastonia, NC	FURTHER ACADEMIC OPPORTUNITY FOR UNDERSERVED STUDENTS	$5,000
SAMARITAN'S PURSE Boone, NC	TAX EXEMPT FUNCTION OF THE ORGANIZATION	$5,000
MISSOULA YOUNG LIFE Missoula, MT	ASSISTANCE WITH YOUTH MINISTRY	$5,000
UNITED WAY OF LINCOLN COUNTY Lincolnton, NC	TAX EXEMPT PURPOSE OF UNITED WAY	$4,000
HESED HOUSE Lincolnton, NC	ASSIST WITH SERVICES TO HOMELESS	$2,000
VIA HEALTH PARTNERS Charlotte, NC	FUND PALLIATIVE CARE SERVICES PROVIDED BY THE ORGANIZATION	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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.