Castelloe Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-3.4% YoY
Annual Giving
$169K
-7.2% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$24K
-7.2% YoY
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.
About Castelloe Family Foundation
Based on IRS filings
Castelloe Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,665,707 | $2,758,995 | $3,189,261 |
| Revenue | $79,538 | $79,292 | $73,443 |
| Expenses | $472,044 | $439,491 | $479,741 |
| Qualifying Distributions | $470,023 | $255,231 | $479,316 |
| Net Investment Income | $287,793 | $79,292 | $145,409 |
| Distributable Amount | $169,830 | $166,642 | $191,815 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colaborativa La Milpa ($74,095), Ronald McDonald House ($30,000), NC State University Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| Ronald McDonald House Durham, NC | For home away fromhome for ill childrenand their families | $30,000 |
| Colaborativa La Milpa Asheville, NC | For Communityself-developmentin low-welth area. | $74,095 |
| Emma Elementary School Teacher Fund Asheville, NC | For teacherwellnesssupport | $2,193 |
| Leicester Elementary School Leicester, NC | For teacherwellnesssupport | $2,706 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paul E Castelloe Jr | President/Co-ED | 30 | $54,270 |
| Cheyenne Emmett | Co-Exec Dir | 40 | $95,010 |
| Blair Castelloe Vanhook | VP/Secetary/Treas | 3 | $52,136 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Castelloe Family Foundation?
Castelloe Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $2.7M in total assets as of 2024.
How large is Castelloe Family Foundation?
As of 2024, Castelloe Family Foundation holds $2.7M in total assets with $80K in annual revenue. It awarded 7 grants totaling $169K in 2024.
Where does Castelloe Family Foundation operate?
Castelloe Family Foundation has awarded grants in North Carolina, New York.
What size grants does Castelloe Family Foundation award?
In 2024, Castelloe Family Foundation awarded 7 grants totaling $169K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is Castelloe Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Castelloe Family Foundation reported a distributable amount of $170K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Castelloe Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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