FA Furniture Foundation
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.
Key facts about FA Furniture Foundation
- EIN
- 56-6044941
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $96,500
- Grants made (2024)
- 20
- Average grant
- $4,825
- Median grant
- $2,500
- New grantees (estimate)
- 55% first-time grantees (11 of 20, 2024)
- Total assets
- $1,158,194
- Primary geography
- North Carolina (69% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who FA Furniture Foundation funds
By grant dollars, the top recipient states for FA Furniture Foundation's 20 itemized 2024 grants were North Carolina (69%), Wisconsin (5%) and Michigan (5%). The most frequent recipient cities were High Point, NC (3 grants), Hickory, NC (2 grants) and Boone, NC (2 grants). None of its 20 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (16 grants) and "Scholarships" (3 grants).
Is FA Furniture Foundation open to new grantees?
55%
first-time grantees, 2024
In 2024, 11 of 20 grantees (55%) were first-time recipients. First grants averaged $5K; repeat grants $5K. How we count
Medians: $3K first-time, $3K repeat.
- 25% of 2024 grantees were also funded in 2023. Method
- Giving grew 30% from 2021 to 2024. Method
- In 2024 it paid out 159% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with FA Furniture Foundation
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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
Share of all 20 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include CVCC Foundation ($22,000), App State University Foundation ($12,000), American Home Furn HOF ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CVCC Foundation Hickory, NC | Scholarships and equipment | $22,000 |
| App State University Foundation Boone, NC | Scholarship | $12,000 |
| American Home Furn HOF High Point, NC | Scholarship | $10,000 |
| Greensboro College Greensboro, NC | Scholarship | $5,000 |
| WithIt Scholarship Foundation High Point, NC | Scholarship | $5,000 |
| Caldwell Comm College Tech Inst Lenoir, NC | Scholarship | $5,000 |
| Scott Grove CO SCAD Admissions Dept Savannah, GA | Scholarship | $5,000 |
| Appalachian State University Boone, NC | Scholarships | $3,750 |
| NE Mississippi Community College Booneville, MS | Scholarships | $2,500 |
| Ohio State University Columbus, OH | Scholarships | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.