Caromont Health
To provide compassionate, exceptional and highly reliable care.
Caromont Health at a glance
In short: Caromont Health gave $4.6M across 1 grant in 2025 (avg $4.6M), mostly in North Carolina. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,622,686
- +858.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $4,622,686
- +858.0% vs 2024
- Median grant
- $4,622,686
- Total assets
- $1,046,033,469
- +27.2% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Caromont Health funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Gaston Memorial Hospital Foundation ($4.6M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Caromont Health gives
- Giving grew 1389% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $310K (2022) to $4.6M (2025). In 2025 it made 1 grant totaling $4.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Gaston Memorial Hospital Foundation Gastonia, NC | Operations of the grantmaking organization | $4,622,686 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,046,033,469 | $90,245,762 | $13,095,222 | $4,622,686 | 1 | $85,252,537 |
| 2024 | $822,347,679 | $41,441,170 | $3,522,637 | $482,521 | 1 | $37,689,897 |
| 2023 | $743,172,403 | $23,664,936 | $3,831,940 | $522,330 | 1 | $20,491,056 |
| 2022 | $832,406,138 | $61,469,914 | $4,723,060 | $310,426 | 1 | $59,668,778 |
| 2021 | $956,040,256 | $53,008,631 | $3,311,702 | $825,472 | 1 | $50,621,553 |
| 2020 | $769,770,199 | $24,163,248 | $3,769,814 | $515,161 | 1 | $22,002,212 |
| 2019 | $685,562,710 | $33,647,553 | $2,855,623 | $315,691 | 1 | $31,913,964 |
About Caromont Health
Based on IRS filings
Caromont Health is a public charity focused on Health, based in Gastonia, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.0B in total assets. In 2025, it awarded 1 grant totaling $4.6M. Net investment income was $85.3M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Caromont Health is led by K Christopher Peek, CEO since 2020 (on filings since 2019); 2 of 22 officers listed in 2025 are compensated.
Officers on the 2025 filing
K Christopher Peek
CEO
Ceo- → CEO, 2020
On filings since 2019
6 hrs/week
No compensation reported
Jeffrey Cash
Chair
Director → Vice Chair, 2021
Vice Chair → Chair, 2023
On filings since 2019
1 hr/week
No compensation reported
Annette Carter
Director
On filings since 2019
1 hr/week
No compensation reported
Bob Hovis
Director
Commissioner Liason & Director → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Joseph B. Davis Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
Timothy D. Conner
Director
On filings since 2019
1 hr/week
No compensation reported
Frank Stewart
Director
On filings since 2020
1 hr/week
No compensation reported
Janie Peak
Director
On filings since 2021
1 hr/week
No compensation reported
Jason Austell
Director
On filings since 2022
1 hr/week
No compensation reported
Dan Boyd
Director
On filings since 2023
1 hr/week
No compensation reported
Jay McGraw
Director
On filings since 2023
1 hr/week
No compensation reported
Benjamin Hinton
Director
On filings since 2024
1 hr/week
No compensation reported
Larie Carthen
Nurse Practitioner
On filings since 2022
40 hrs/week
$100K (2022) → $126K (2025)
Victoria Robinson
Nurse Practitioner
On filings since 2024
40 hrs/week
$108K (2024) → $109K (2025)
David M. O'Connor
Executive Vice President, CFO & Assistant Treasurer
Executive Vice President → Executive Vice President & Assistant Treasurer, 2020
Executive Vice President & Assistant Treasurer → Executive Vice President, CFO & Assistant Treasurer, 2022
On filings since 2019
6 hrs/week
No compensation reported
David Payseur
Treasurer
Vice Chair & Chair → Chair, 2021
Chair → Treasurer, 2023
On filings since 2019
1 hr/week
No compensation reported
Leigh K. Hickman
Clo & Assistant Secretary
Clo & Assistant Secretary → Vice President, Clo & Assistant Secretary, 2022
Vice President, Clo & Assistant Secretary → Clo & Assistant Secretary, 2023
On filings since 2019
6 hrs/week
No compensation reported
Jay Hendler
Immediate Past Chief-Of-Staff Starting - Non Voting
Chief-Of-Staff → Chief of Staff, 2024
Chief of Staff → Immediate Past Chief-Of-Staff Starting - Non Voting, 2025
On filings since 2021
1 hr/week
No compensation reported
Health High
Chief-Of-Staff Starting
Chief-Of-Staff Elect → Chief of Staff Elect, 2024
Chief of Staff Elect → Chief-Of-Staff Starting, 2025
On filings since 2022
1 hr/week
No compensation reported
Pearl Burris-Floyd
Secretary
On filings since 2023
1 hr/week
No compensation reported
Tim Efird
Vice Chair
Director → Vice Chair, 2024
On filings since 2023
1 hr/week
No compensation reported
Shiddi Patel
Chief-Of Staff Elect Starting - Non Voting
Chief-Of Staff Elect Starting → Chief-Of Staff Elect Starting - Non Voting, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (20)
- Former: Michael Gaslin (2024) — Past-Chief-Of-Staff
- Former: Barry M. Pomeroy (2019–2023) — Treasurer
- Former: William Anthony (2019–2023) — Director
- Former: Otis Cosby (2022–2023) — Physician
- Former: Revbenjamin Hinton (2022–2023) — Director
- Former: Donnie Loftis (2019–2022) — Director
- Former: Eric T. Emerson (2019–2022) — Past-Chief-Of-Staff
- Former: Micheal Gaslin (2019–2022) — Chief-Of-Staff
- Former: Timothy Efird (2021–2022) — Director
- Former: Drjay Hendler (2022) — Chief-Of-Staff
- Former: Revpearl Burris-Floyd (2022) — Secretary
- Former: Andrew Light (2019–2021) — Secretary
- Former: Charles Meakin III (2019–2021) — Director
- Former: Pearl Burris Floyd (2019–2021) — Director
- Former: Kanchan Dibert (2019–2020) — Physician
- Former: Patrick Russo (2019–2020) — Past-Chief-Of-Staff
- Former: Timothy E. Gause (2019–2020) — Director
- Former: Hendler Jay (2020) — Chief-Of-Staff Elect
- Former: Maria Long (2019) — Former Officer
- Former: Tracy Philbeck (2019) — Commissioner Liason & Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $126K, to Ms Larie Carthen (Nurse Practitioner). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Caromont Health
How much does Caromont Health give each year?
Caromont Health gave $4.6M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $483K across 1 grant.
How large is Caromont Health?
Caromont Health reported $1.0B in total assets on its 2025 IRS Form 990. Its revenue that year was $90.2M.
What is Caromont Health?
Caromont Health is a public charity focused on Health, based in Gastonia, NC. It holds $1.0B in total assets as of 2025.
Where does Caromont Health operate?
Caromont Health has awarded grants in North Carolina.
What is Caromont Health's EIN?
Caromont Health's EIN (Employer Identification Number) is 58-1636959. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 25, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Caromont Health's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in North Carolina
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
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Total Given
$25.6M
Gaston Community Foundation
Gastonia, NC
Gaston Community Foundation supports nonprofit programs and organizational needs, along with specialized medical and professional education grants, primarily benefiting Gaston County residents in North Carolina. Its 2024 grants ranged from $5,100 to $1,732,500, with a median of $17,066. It accepts applications through a competitive community grants cycle; new applicants must meet with Foundation staff before applying.
Assets
$145.4M
Grants
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Total Given
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State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
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Grants
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Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
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Dogwood Health Trust
Asheville, NC
Dogwood Health Trust funds work in housing, education, economic opportunity, and health and wellness that improves wellbeing in Western North Carolina, including its 18 counties and the Qualla Boundary. Its 2024 grants ranged from $2,000 to $21 million, with a median of $37,500; application requirements vary by funding opportunity.
Assets
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The Winston-Salem Foundation
Winston-Salem, NC
The Winston-Salem Foundation funds charitable organizations serving Forsyth County, North Carolina, across areas including education, housing, economic opportunity, civic engagement, arts, health, and human services. Its 2024 median grant was $25,000; specific programs offer grants ranging from small grants of up to $2,000 to capital grants of up to $100,000. The profile describes application-based programs but does not state whether unsolicited requests are accepted.
Assets
$630.1M
Grants
823
Total Given
$90.4M
More similar funders
More Funders in North Carolina
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