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 grant totaling $25K. Net investment income was $434K.
Key facts about Eugene R Matthews Memorial Fund
- EIN
- 58-1580753
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $25,000
- Grants made (2025)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $1,343,674
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated April 2026.
How Eugene R Matthews Memorial Fund gives
- Giving fell 55% from 2022 to 2025. Method
- In 2025 it paid out 47% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Eugene R Matthews Memorial Fund
- How to evaluate Eugene R Matthews Memorial Fund as a funder
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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 grant totaling $25K. Net investment income was $434K.
Ready to take the next step with Eugene R Matthews Memorial Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 recipients 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
No officer or director reported compensation in the available filings.
From 2025 IRS 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 grant 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 grant 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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.