FA Furniture Foundation is a private foundation focused on Community Improvement & Capacity Building, based in HIGH POINT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 20 grants totaling $97K. Net investment income was $60K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-0.2% YoY
Annual Giving
$97K
+20.7% YoY
Grant Count
20
+17.6% YoY
Avg Grant Size
$5K
+2.6% YoY
Under IRS private-foundation payout rules, FA Furniture Foundation reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
About FA Furniture Foundation
Based on IRS filings
FA Furniture Foundation is a private foundation focused on Community Improvement & Capacity Building, based in HIGH POINT, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 20 grants totaling $97K. Net investment income was $60K.
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 | $1,158,194 | $1,161,079 | $1,234,447 |
| Revenue | $101,995 | $24,992 | $97,472 |
| Expenses | $105,341 | $100,778 | $97,486 |
| Qualifying Distributions | $96,500 | $79,951 | $84,000 |
| Net Investment Income | $60,036 | $10,333 | $78,986 |
| Distributable Amount | $60,611 | $57,405 | $56,116 |
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
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include CVCC Foundation ($22,000), App State University Foundation ($12,000), American Home Furn HOF ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Appalachian State University Boone, NC | Scholarships | $3,750 |
| CVCC Foundation Hickory, NC | Scholarships and equipment | $22,000 |
| NE Mississippi Community College Booneville, MS | Scholarships | $2,500 |
| Ohio State University Columbus, OH | Scholarships | $2,500 |
| Emory Henry College Emory, VA | Scholarship | $2,500 |
| Greensboro College Greensboro, NC | Scholarship | $5,000 |
| High Point University High Point, NC | Scholarship | $2,500 |
| WithIt Scholarship Foundation High Point, NC | Scholarship | $5,000 |
| Catawba Valley Community College Hickory, NC | Scholarship | $1,250 |
| U of California Santa Barbara Santa Barbara, CA | Scholarship | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Pat Smith | Director | 0.1 | — |
| Tommy Tomkins | Director | 0.1 | — |
| Gat Caperton | Director | 0.1 | — |
| Bob Duncan | Director | 0.1 | — |
| Steve Hodges | Director | 0.1 | — |
| Don Coleman | Chairman | 0.1 | — |
| Ray Shufelt | President | 0.1 | — |
| Andy S Counts | Sec/Treasurer | 1 | — |
| The Furniture Foundation | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is FA Furniture Foundation?
FA Furniture Foundation is a private foundation focused on Community Improvement & Capacity Building, based in HIGH POINT, NC. It holds $1.2M in total assets as of 2024.
How large is FA Furniture Foundation?
As of 2024, FA Furniture Foundation holds $1.2M in total assets with $102K in annual revenue. It awarded 20 grants totaling $97K in 2024.
Where does FA Furniture Foundation operate?
FA Furniture Foundation has awarded grants in Alabama, Arizona, California, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Mississippi, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, Wisconsin.
What size grants does FA Furniture Foundation award?
In 2024, FA Furniture Foundation awarded 20 grants totaling $97K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is FA Furniture Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, FA Furniture Foundation reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is FA Furniture Foundation's EIN?
FA Furniture Foundation's EIN (Employer Identification Number) is 56-6044941. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in FA Furniture 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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