Co Ta Huffman-cornwell Foundation
The CO TA Huffman-Cornwell Foundation is a private foundation established in 1960 and based in Raleigh, North Carolina. The foundation operates as a 501(c)(3) tax-exempt organization with a focus on philanthropic giving across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
+1.0% YoY
Annual Giving
$126K
-7.0% YoY
Grant Count
29
+3.6% YoY
Avg Grant Size
$4K
-10.2% YoY
Mission & Focus Areas
The foundation's mission is to provide support to those working to improve the quality of life in Burke County, North Carolina, primarily through support of:
- Education
- Arts and cultural activities
- Faith-based activities
- Health and human services
- Historic preservation
- Children's programs
- Environmental initiatives
- Cultural and physical development
The foundation also maintains a scholarship program for graduates of Freedom High School in Morganton, North Carolina.
Grantmaking
The foundation accepts applications from prospective grantees.
Grant Range
$4,000–$5,000
Average Grant
$5,500
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Geographic Focus
Where this funder awards grants
The foundation primarily supports projects in North Carolina, with particular emphasis on Burke County. The foundation also extends funding to organizations in Arizona, Florida, Illinois, Indiana, Maryland, and South Carolina.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $2,635,840
- Total revenues: -$17,246 (negative)
- Total expenses: $162,330
- Giving rate: 5.0% of assets
- Total liabilities: $0
As of 2022:
- Total assets: $2,800,000
- Total giving: $171,000
- Number of grants: 31
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,660,913 | $2,635,840 | $2,812,848 |
| Revenue | $175,990 | $-17,246 | $131,730 |
| Expenses | $153,672 | $162,330 | $205,628 |
| Qualifying Distributions | $129,378 | $140,415 | $176,493 |
| Net Investment Income | $151,513 | $46,498 | $108,516 |
| Distributable Amount | $151,007 | $142,527 | $141,504 |
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
151 grants across all recorded years
Open Grants
1 open opportunity from Co Ta Huffman-cornwell Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Julie M Garner
- Mary Lou Hudspeth
- Lou N Crouch
- Jan N Stephanides
- Richard C Avery
- Jay Norvell
- Thomas Norvell
Trustee:
- First Citizens Bank
Staff:
- Thomas F Wiggins, Senior Vice President
- Walter Reed, Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST CITIZENS BANK | TRUSTEE | 40 | $21,545 |
| JULIE M GARNER | BOARD MEMBER | 1 | $250 |
| MARY LOU HUDSPETH | BOARD MEMBER | 1 | $250 |
| LOU N CROUCH | BOARD MEMBER | 1 | $250 |
| JAN N STEPHANIDES | BOARD MEMBER | 1 | $250 |
| RICHARD C AVERY | BOARD MEMBER | 1 | — |
| JAY NORVELL | SECRETARY | 1 | $250 |
| THOMAS NORVELL | BOARD MEMBER | 1 | $250 |
| MARY LOUISE MCCOMBS | CO-CHAIR | 1 | — |
| TOM MCCOMBS | BOARD MEMBER | 1 | — |
| JERRY NORVELL | VICE CHAIR | 1 | — |
| BARBARA NORVELL | CO-CHAIR | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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