Castelloe Family Foundation
Castelloe Family Foundation is a private foundation, based in Asheville, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 7 grants totaling $169K. Net investment income was $288K.
Castelloe Family Foundation at a glance
In short: Castelloe Family Foundation gave $169K across 7 grants in 2024 (avg $24K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $168,994
- -7.2% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $24,142
- -7.2% vs 2023
- Median grant
- $20,000
- Total assets
- $2,665,707
- -3.4% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Castelloe Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Colaborativa La Milpa ($74K). Together the top 6 received $169K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 37 grants of 42 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Castelloe Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (−7%). Method
- In 2024 it paid out 277% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $169K (2024) to $248K (2022). In 2024 it made 7 grants totaling $169K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colaborativa La Milpa Asheville, NC | For Communityself-developmentin low-welth area. | $74,095 |
| Ronald McDonald House Durham, NC | For home away fromhome for ill childrenand their families | $30,000 |
| NC State University Foundation Raleigh, NC | For counselingand mental healthservices | $20,000 |
| NC State University Foundation Raleigh, NC | For scholarshipsin the Collegeof Management | $20,000 |
| NC State Student Aid Association Raleigh, NC | For athletic scholarshipsand facilities | $20,000 |
| Leicester Elementary School Leicester, NC | For teacherwellnesssupport | $2,706 |
| Emma Elementary School Teacher Fund Asheville, NC | For teacherwellnesssupport | $2,193 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,665,707 | $79,538 | $472,044 | $168,994 | 7 | $470,023 | $287,793 | $169,830 |
| 2023 | $2,758,995 | $79,292 | $439,491 | $182,149 | 7 | $255,231 | $79,292 | $166,642 |
| 2022 | $3,189,261 | $73,443 | $479,741 | $247,511 | 8 | $479,316 | $145,409 | $191,815 |
| 2021 | $3,523,594 | $96,481 | $406,004 | $182,312 | 9 | $429,209 | $159,220 | $214,309 |
| 2020 | $3,762,928 | $129,151 | $739,846 | $212,043 | 11 | — | $129,151 | $180,596 |
Under IRS private-foundation payout rules, Castelloe Family Foundation reported a distributable amount of $170K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Castelloe Family Foundation is led by Paul E Castelloe Jr., President & Co-Ed on every filing since 2020; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Paul E Castelloe Jr.
President & Co-Ed
On filings since 2020
30 hrs/week
$63K (2020) → $54K (2024)
Cheyenne Emmett
Co-Exec Director
On filings since 2020
40 hrs/week
$72K (2020) → $95K (2024)
Blair Castelloe Vanhook
Vice President, Secetary & Treasurer
On filings since 2020
3 hrs/week
$736 (2021) → $52K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $95K, to Cheyenne Emmett (Co-Exec Dir). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Castelloe Family Foundation
How much does Castelloe Family Foundation give each year?
Castelloe Family Foundation gave $169K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $182K across 7 grants.
What is Castelloe Family Foundation's typical grant size?
Castelloe Family Foundation's median grant in 2024 was $20,000, and its average grant was $24,142, across 7 grants on its 2024 IRS Form 990-PF.
Where does Castelloe Family Foundation give grants?
Castelloe Family Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Raleigh, NC (3 grants) and Asheville, NC (2 grants).
Does Castelloe Family Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Castelloe Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Castelloe Family Foundation's largest grantees?
Castelloe Family Foundation's largest 2024 grantees include Colaborativa La Milpa ($74,095), NC State University Foundation ($40,000 across 2 grants) and Ronald McDonald House ($30,000), according to its 2024 IRS Form 990-PF. Together they received 85% of its itemized 2024 grant dollars.
How large is Castelloe Family Foundation?
Castelloe Family Foundation reported $2.7M in total assets on its 2024 IRS Form 990-PF. It paid out $470K in qualifying distributions that year, against a required minimum of $170K (roughly 5% of its investment assets).
What is Castelloe Family Foundation's EIN?
Castelloe Family Foundation's EIN (Employer Identification Number) is 56-2148069. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Castelloe Family Foundation funds
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