Eugene R Matthews Memorial Fund

GASTONIA, NC EIN: 58-1580753

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $313K (100%)

States

North Carolina

Cities

Gastonia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.