TO ENGAGE AND INSPIRE OUR COMMUNITY TO SUPPORT CAROMONT HEALTH IN PROVIDING COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.2M
+16.0% YoY
Annual Giving
$842K
+23.8% YoY
Grant Count
9
+50.0% YoY
Avg Grant Size
$94K
-17.4% YoY
About Gaston Memorial Hospital Foundation Inc
Based on IRS filings
Gaston Memorial Hospital Foundation Inc is a nonprofit organization focused on Health, based in GASTONIA, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.2M in total assets. In 2024, it awarded 9 grants totaling $842K. Net investment income was $1.3M.
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 | $32,229,853 | $27,795,692 | $26,052,596 |
| Revenue | $4,058,046 | $1,678,812 | $2,489,196 |
| Expenses | $1,993,280 | $1,552,263 | $1,483,784 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,328,338 | $657,945 | $1,762,248 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Caromont Health ($490,855), Gaston College ($132,493), Belmont Abbey College ($91,844).
| Recipient | Purpose | Amount |
|---|---|---|
| Backpack Weekend Food Program Gastonia, NC | Operational Support | $8,500 |
| Belmont Abbey College BELMONT, NC | Operational Support | $91,844 |
| Boys and Girls Club Gastonia, NC | Operational Support | $26,500 |
| Cancer Services of Gaston County Gastonia, NC | Community Assistance | $40,000 |
| Dream Center Academy Gastonia, NC | Operational Support | $25,000 |
| Gaston College Dallas, NC | Community Assistance | $132,493 |
| Caromont Health Gastonia, NC | Operational Support | $490,855 |
| Heart Society of GC Gastonia, NC | Operational Support | $15,000 |
| Piedmont Chapter of the Links Inc Gastonia, NC | Operational Support | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr George Adcock lll | Secretary | 1 | — |
| Mr David O'Connor | EVP/CFO/Asst. Treasurer/Director | 1 | — |
| Ms Janie Peak | Chair | 1 | — |
| Mr Jason Austell | Director | 1 | — |
| Mr Steven Wilson | Director | 1 | — |
| Mr K Christopher Peek | CEO | 1 | — |
| Ms Leigh Hickman | CLO/Asst. Sec. | 1 | — |
| Ms Mary Grace Bean | Director Foundation | 40 | $129,995 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc is a nonprofit organization focused on Health, based in GASTONIA, NC. It holds $32.2M in total assets as of 2024.
How large is Gaston Memorial Hospital Foundation Inc?
As of 2024, Gaston Memorial Hospital Foundation Inc holds $32.2M in total assets with $4.1M in annual revenue. It awarded 9 grants totaling $842K in 2024.
Where does Gaston Memorial Hospital Foundation Inc operate?
Gaston Memorial Hospital Foundation Inc has awarded grants in North Carolina, New York, Texas.
What size grants does Gaston Memorial Hospital Foundation Inc award?
In 2024, Gaston Memorial Hospital Foundation Inc awarded 9 grants totaling $842K — an average of about $94K per grant, based on its IRS Form 990 filings.
What is Gaston Memorial Hospital Foundation Inc's EIN?
Gaston Memorial Hospital Foundation Inc's EIN (Employer Identification Number) is 56-1479699. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gaston Memorial Hospital 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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