Futch Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARS HILL, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $90K in total assets. In 2024, it awarded 13 grants totaling $11K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$90K
-2.0% YoY
Annual Giving
$11K
+95.5% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$826.923
+35.3% YoY
Under IRS private-foundation payout rules, Futch Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About Futch Foundation Inc
Based on IRS filings
Futch Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARS HILL, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $90K in total assets. In 2024, it awarded 13 grants totaling $11K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $89,609 | $91,484 | $95,640 |
| Revenue | $9,709 | $3,615 | $1,394 |
| Expenses | $11,584 | $7,771 | $7,535 |
| Qualifying Distributions | $10,519 | $6,756 | $6,489 |
| Net Investment Income | $8,644 | $2,600 | $2,388 |
| Distributable Amount | $5,251 | $5,201 | $5,401 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grace Covenant Presbyterian Church ($2,500), Pisgah Legal Services Pisgah Legal Services ($1,000), Ywca ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Cystic Fibrosis Foundation Cystic Fibrosis Foundation Charlotte, NC | Annual | $250 |
| Grace Covenant Presbyterian Church Asheville, NC | Hurricane Helene Relief | $2,500 |
| Lubec Memorial Library Lubec Memorial Library Lubec, ME | Annual | $500 |
| Madison County Community Housing Co Madison County Community Housing Co Marshall, NC | Annual | $500 |
| Pisgah Legal Services Pisgah Legal Services Asheville, NC | Annual | $1,000 |
| Southern Environmental Law Center Southern Environmental Law Center Charlottesville, VA | Annual | $500 |
| Madison County Rotary Foundation Mars Hill, NC | Hurricane Helene Relief | $500 |
| Woodford County Library Woodford County Library Versailles, KY | Annual | $500 |
| YWCA Asheville, NC | Annual Campaign | $1,000 |
| Asheville Area Habitat for Humanity Asheville, NC | Hurricane Helene Relief | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Judith Futch Judith Futch Judith | President | — | — |
| Kelly Williams | Board Member | — | — |
| Priscilla Bright | Board Member | — | — |
| Rosemary Slattery | Board Member | — | — |
| Robyn Slattery | Board Member | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Futch Foundation Inc?
Futch Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARS HILL, NC. It holds $90K in total assets as of 2024.
How large is Futch Foundation Inc?
As of 2024, Futch Foundation Inc holds $90K in total assets with $10K in annual revenue. It awarded 13 grants totaling $11K in 2024.
Where does Futch Foundation Inc operate?
Futch Foundation Inc has awarded grants in Georgia, Kentucky, Maine, North Carolina, Texas, Virginia.
What size grants does Futch Foundation Inc award?
In 2024, Futch Foundation Inc awarded 13 grants totaling $11K — an average of about $826.923 per grant, based on its IRS Form 990 filings.
How much is Futch Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Futch Foundation Inc reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Futch Foundation Inc's EIN?
Futch Foundation Inc's EIN (Employer Identification Number) is 31-1611588. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Futch Foundation Inc'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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