Broyhill Family Foundation Inc
The Broyhill Family Foundation is a private foundation established in 1946 in Lenoir, North Carolina, by the founders of Broyhill Furniture Industries. Located at 800 Hickory Boulevard SW in Lenoir, the foundation provides grants to charitable organizations with a focus on higher education, health, youth development, and community services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.7M
+5.0% YoY
Annual Giving
$1.7M
+3.1% YoY
Grant Count
86
+3.6% YoY
Avg Grant Size
$20K
-0.5% YoY
Under IRS private-foundation payout rules, Broyhill Family Foundation Inc reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to support higher education, health, youth development and welfare, civic and community services, and the free enterprise system.
Primary funding areas include:
- Education (38% of giving): The foundation provides endowments for programs and scholarships at various colleges and universities in North Carolina, with a particular focus on providing opportunities for students in Caldwell County to attend college.
- Health (15% of giving): Healthcare research and programs constitute the second largest portion of foundation giving, with support for medical facilities primarily in North Carolina.
- Youth Development: The foundation funds youth development programs with which it has established relationships.
- Arts & Culture, Religion, and Recreation: The foundation also supports organizations in these areas, though at smaller percentages.
Grantmaking
Applicants must submit a Letter of Inquiry (LOI) before formally applying for funding. The foundation discourages unsolicited grant requests from organizations with which they do not already have a giving relationship. The foundation also discourages new requests from churches and public schools, and discourages requests from organizations promoting free enterprise education.
How to Apply
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Geographic Focus
Where this funder awards grants
Approximately 59% of grants stay in North Carolina. The foundation has a particular emphasis on Caldwell County, North Carolina. Other states receiving a significant number of grants include South Carolina, Arizona, Florida, and Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $31,135,496
- Total Giving: $1,846,170
- Total Revenues: $4,007,926
- Total Expenses: $2,254,235
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,707,171 | $31,135,496 | $29,386,472 |
| Revenue | $3,993,804 | $4,007,926 | $2,767,850 |
| Expenses | $2,424,523 | $2,254,235 | $2,440,914 |
| Qualifying Distributions | $2,168,770 | $2,062,994 | $2,223,240 |
| Net Investment Income | $3,815,483 | $3,844,018 | $2,225,133 |
| Distributable Amount | $2,289,693 | $2,110,693 | $2,133,135 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Caldwell Arts Council ($120,000), Asu Foundation ($89,700), City of Lenoir Parks and Recreation ($66,560).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HOME FURNISHINGS ALLIANCE HIGH POINT, NC | ARTS & MUSEUM SUPPORT | $13,500 |
| AMERICAN RED CROSS - CATAWBA VALLEY HICKORY, NC | HEALTH & HOSPITALS | $12,500 |
| AMOREM LENOIR, NC | HEALTH SUPPORT | $400 |
| ANTI-DEFAMIATION LEAGUE FOUNDATION NEW YORK, NY | FREE ENTERPRISE SUPPORT | $12,500 |
| APPALACIAN REGIONAL HEALTHCARE FOUNDATION BOONE, NC | SCHOLARSHIP | $10,000 |
| ASU FOUNDATION BOONE, NC | ARTS SUPPORT | $89,700 |
| BAPTIST CHILDREN'S HOME OF NC THOMASVILLE, NC | YOUTH DEVELOPMENT | $35,800 |
| BETHEL COLONY OF MERCY LENOIR, NC | HEALTH SUPPORT | $5,400 |
| BILLY GRAHAM EVANGELICAL ASSOCIATION CHARLOTTE, NC | RELIGIOUS SUPPORT | $15,000 |
| BLOWING ROCK CIVIC ASSOCIATION BLOWING ROCK, NC | CIVIC SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| M HUNT BROYHILL | CHAIRMAN & CEO | 5 | — |
| DANNY A GILBERT | VICE PRESIDENT | 5 | — |
| SHEILA TRIPLETT-BRADY | EXECUTIVE DIRECTOR | 35 | — |
| CHRISTOPHER R PAVESE | INVESTMENT OFFICER | 5 | — |
| B CLAIRE BROYHILL | DIRECTOR | — | — |
| CARON J BROYHILL | DIRECTOR | — | — |
| D EUGENE HENDRICKS | DIRECTOR EMERITUS | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has made recent grants to support educational initiatives, including a $100,000 gift to NCSSM-Morganton and grants to Future Designers Summit. The foundation has also provided disaster relief funding, including a $600,000 donation for disaster relief efforts.
Broyhill Family Foundation Awards new grant to Future Designers Dummit\_\Frequently Asked Questions
What does Broyhill Family Foundation Inc fund?
The foundation's mission is to support higher education, health, youth development and welfare, civic and community services, and the free enterprise system. **Primary funding areas include:** • **Education (38% of giving):** The foundation provides endowments for programs and scholarships at various colleges and universities in North Carolina, with a particular focus on providing opportunities for students in Caldwell County to attend college. • **Health (15% of giving):** Healthcare research …
How do I apply for a grant from Broyhill Family Foundation Inc?
**Grant Activity:** • The foundation made 88 grants totaling over $2 million in its most recent fiscal year. • Total giving: $1,846,170 (2023) **Recent Grants Include:** • $305,350 to Caldwell Memorial Hospital Foundation • $200,000 to NC School of Science and Math • $100,000 to Tomorrows America Foundation (Youth Development) • $100,000 to Sabre Society of North Carolina (Arts & Museum Support) • $100,000 to NCSSM-Morganton • $50,500 to Caldwell Community College and Technical Institute Founda…
Where does Broyhill Family Foundation Inc make grants?
Approximately 59% of grants stay in North Carolina. The foundation has a particular emphasis on Caldwell County, North Carolina. Other states receiving a significant number of grants include South Carolina, Arizona, Florida, and Massachusetts.
What size grants does Broyhill Family Foundation Inc award?
In 2024, Broyhill Family Foundation Inc awarded 86 grants totaling $1.7M — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Broyhill Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Broyhill Family Foundation Inc reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Broyhill Family Foundation Inc's EIN?
Broyhill Family Foundation Inc's EIN (Employer Identification Number) is 56-6054119. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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