Ferree Educational & Welfare Fund
Ferree Educational & Welfare Fund is a private foundation, based in ASHEBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $62K. Net investment income was $89K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+3.0% YoY
Annual Giving
$62K
-11.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$62K
-11.4% YoY
Under IRS private-foundation payout rules, Ferree Educational & Welfare Fund reported a distributable amount of $59K for 2024 — the minimum it must pay out in qualifying distributions.
About Ferree Educational & Welfare Fund
Based on IRS filings
Ferree Educational & Welfare Fund is a private foundation, based in ASHEBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $62K. Net investment income was $89K.
Ready to take the next step with Ferree Educational & Welfare Fund?
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 | $2,227,364 | $2,163,220 | $2,051,664 |
| Revenue | $97,621 | $116,271 | $105,489 |
| Expenses | $95,526 | $108,723 | $132,488 |
| Qualifying Distributions | $96,286 | $103,216 | $98,223 |
| Net Investment Income | $89,247 | $108,319 | $97,424 |
| Distributable Amount | $59,270 | $54,835 | $57,144 |
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 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 31 Different Students for 2024 ($62,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 31 DIFFERENT STUDENTS FOR 2024 VARIOUS, NC | SCHOLARSHIPS | $62,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR AARON WOODY-SUPER OF CITY SCHOOL | TRUSTEE | 0.5 | — |
| DAVID SMITH-MAYOR OF ASHEBORO | TRUSTEE | 0.5 | — |
| MIKE KING-MARKET PRES WELLS FARGO | TREASURER | 0.5 | — |
| LINDA CRANFORD | EXECUTIVE DIRECTOR | 10 | $16,396 |
| W MCDUFFY JOHNSON-THE WELSH GROUP | TRUSTEE | 0.5 | — |
| STEVEN GAINEY - SUPER OF CTY SCHOOL | CHAIRMAN | 0.5 | — |
| TRACIE MURPHY- DIRECTOR DSS | TRUSTEE | 0.5 | — |
| DARRELL FRYE-RAND CTY BOARD OF COM | TRUSTEE | 0.5 | — |
| MICHAEL SMITH-ASHEBORO CITY BOE | TRUSTEE | 0.5 | — |
Frequently Asked Questions
How large is Ferree Educational & Welfare Fund?
As of 2024, Ferree Educational & Welfare Fund holds $2.2M in total assets with $98K in annual revenue. It awarded 1 grants totaling $62K in 2024.
Where does Ferree Educational & Welfare Fund operate?
Ferree Educational & Welfare Fund has awarded grants in North Carolina.
What size grants does Ferree Educational & Welfare Fund award?
In 2024, Ferree Educational & Welfare Fund awarded 1 grants totaling $62K — an average of about $62K per grant, based on its IRS Form 990 filings.
How much is Ferree Educational & Welfare Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ferree Educational & Welfare Fund reported a distributable amount of $59K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ferree Educational & Welfare Fund's EIN?
Ferree Educational & Welfare Fund's EIN (Employer Identification Number) is 56-6062560. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ferree Educational & Welfare 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.
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