Eugene R Matthews Memorial Fund
Eugene R Matthews Memorial Fund is a private foundation, based in GASTONIA, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 1 grants totaling $25K. Net investment income was $434K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.3M
+42.6% YoY
Annual Giving
$25K
-80.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$25K
-80.0% YoY
Under IRS private-foundation payout rules, Eugene R Matthews Memorial Fund reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.
About Eugene R Matthews Memorial Fund
Based on IRS filings
Eugene R Matthews Memorial Fund is a private foundation, based in GASTONIA, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 1 grants totaling $25K. Net investment income was $434K.
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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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,343,674 | $942,367 | $914,053 |
| Revenue | $434,041 | $157,611 | $103,252 |
| Expenses | $32,734 | $129,297 | $71,612 |
| Qualifying Distributions | $25,000 | $125,000 | $63,555 |
| Net Investment Income | $434,041 | $157,611 | $103,252 |
| Distributable Amount | $53,310 | $58,492 | $52,023 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Gaston Community Foundation ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Gaston Community Foundation Gastonia, NC | Donor Advised Fund | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Eugene Matthews | Trustee | — | — |
Frequently Asked Questions
How large is Eugene R Matthews Memorial Fund?
As of 2025, Eugene R Matthews Memorial Fund holds $1.3M in total assets with $434K in annual revenue. It awarded 1 grants totaling $25K in 2025.
Where does Eugene R Matthews Memorial Fund operate?
Eugene R Matthews Memorial Fund has awarded grants in North Carolina.
What size grants does Eugene R Matthews Memorial Fund award?
In 2025, Eugene R Matthews Memorial Fund awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Eugene R Matthews Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Eugene R Matthews Memorial Fund reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Eugene R Matthews Memorial Fund's EIN?
Eugene R Matthews Memorial Fund's EIN (Employer Identification Number) is 58-1580753. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Eugene R Matthews Memorial Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.