To engage and inspire our community to support caromont health in providing compassionate, exceptional and highly reliable care.
Key facts about Gaston Memorial Hospital Foundation Inc
In short: Gaston Memorial Hospital Foundation Inc gave $842K across 9 grants in 2024 (avg $94K), mostly in North Carolina. Source: 2024 IRS Form 990.
- EIN
- 56-1479699
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $842,192
- Grants made (2024)
- 9
- Average grant
- $93,577
- Median grant
- $26,500
- Total assets
- $32,229,853
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · 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
How Gaston Memorial Hospital Foundation Inc gives
- Giving grew 25% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Gaston Memorial Hospital Foundation Inc
Based on IRS filings
Gaston Memorial Hospital Foundation Inc is a public charity focused on Health, based in Gastonia, NC. IRS filing data is available from 2019 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
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $525K (2019) to $986K (2022). In 2024 it made 9 grants totaling $842K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Caromont Health ($491K). Together the top 9 received $842K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 27 grants of 37 (73%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Caromont Health Gastonia, NC | Operational Support | $490,855 |
| Gaston College Dallas, NC | Community Assistance | $132,493 |
| Belmont Abbey College Belmont, NC | Operational Support | $91,844 |
| Cancer Services of Gaston County Gastonia, NC | Community Assistance | $40,000 |
| Boys and Girls Club Gastonia, NC | Operational Support | $26,500 |
| Dream Center Academy Gastonia, NC | Operational Support | $25,000 |
| Heart Society of GC Gastonia, NC | Operational Support | $15,000 |
| Piedmont Chapter of the Links Inc Gastonia, NC | Operational Support | $12,000 |
| Backpack Weekend Food Program Gastonia, NC | Operational Support | $8,500 |
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 |
| Net Investment Income | $1,328,338 | $657,945 | $1,762,248 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 25, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Gaston Memorial Hospital Foundation Inc is led by K Christopher Peek, CEO since 2020 (on filings since 2019); 1 of 8 officers listed in 2024 is compensated.
Officers on the 2024 filing
K Christopher Peek
CEO
Ceo- → CEO, 2020
On filings since 2019
1 hr/week
No compensation reported
Janie Parks Peak
Chair
Secretary → Chair, 2020
On filings since 2019
1 hr/week
No compensation reported
Mary Grace Bean
Director Foundation
On filings since 2023
40 hrs/week
$124K (2023) → $130K (2024)
David M. O'Connor
Executive Vice President, CFO, Assistant Treasurer & Director
Executive Vice President, CFO, Assistant Treasurer & Director → Executive Vice President, CFO & Assistant Treasurer, 2023
Executive Vice President, CFO & Assistant Treasurer → Executive Vice President, CFO, Assistant Treasurer & Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Jason Austell
Director
On filings since 2023
1 hr/week
No compensation reported
Steven Wilson
Director
On filings since 2023
1 hr/week
No compensation reported
Leigh Hickman
Clo & Assistant Secretary
Clo & Assistant Secretary → Vice President, Clo & Assistant Secretary, 2022
Vice President, Clo & Assistant Secretary → Clo & Assistant Secretary, 2023
On filings since 2019
1 hr/week
No compensation reported
George Adcock lll
Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (23)
- Former: Bob Hovis (2019–2023) — Director
- Former: George E. Adcock III (2021–2023) — Secretary
- Former: Ashley Long (2019–2021) — Director
- Former: Bill Gross (2019–2021) — Vice Chair
- Former: Jake Gray III (2019–2021) — Director
- Former: Jasmine S. Stone (2019–2021) — Director
- Former: Jennifer Thomas Stultz (2019–2021) — Director
- Former: Kathryn C. Wayne (2019–2021) — Director of Development
- Former: Ramada S. Smith (2019–2021) — Director
- Former: Reeves McGlohon (2019–2021) — Director
- Former: Shelley Frye Collins (2019–2021) — Secretary
- Former: Ami Parker (2020–2021) — Director
- Former: Mary Barger (2020–2021) — Director
- Former: Joseph B. Davis Jr. (2019–2020) — Former Treasurer
- Former: Lenora Crabtree (2019–2020) — Director
- Former: Martha Burris (2019–2020) — Director
- Former: Timothy Paschall (2019–2020) — Former Vice Chair
- Former: Charles Niemeyer (2019) — Director
- Former: Henry Massey Jr. (2019) — Director
- Former: Jeff Cash (2019) — Director
- Former: Kelvin C. Harris MD (2019) — Director
- Former: Long Maria (2019) — Former Clo
- Former: Mary Frances Forrester (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $130K, to Ms Mary Grace Bean (Director Foundation).
Frequently asked questions about Gaston Memorial Hospital Foundation Inc
How much does Gaston Memorial Hospital Foundation Inc give each year?
Gaston Memorial Hospital Foundation Inc gave $842K across 9 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $680K across 6 grants.
What is Gaston Memorial Hospital Foundation Inc's typical grant size?
Gaston Memorial Hospital Foundation Inc's median grant in 2024 was $26,500, and its average grant was $93,577, across 9 grants on its 2024 IRS Form 990.
Where does Gaston Memorial Hospital Foundation Inc give grants?
Gaston Memorial Hospital Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Gastonia, NC (7 grants).
Does Gaston Memorial Hospital Foundation Inc give general operating support?
Yes: 78% of Gaston Memorial Hospital Foundation Inc's 2024 grants with a stated purpose (7 of 9) were for general or operating support, per its 2024 IRS Form 990.
Who are Gaston Memorial Hospital Foundation Inc's largest grantees?
Gaston Memorial Hospital Foundation Inc's largest 2024 grantees include Caromont Health ($490,855), Gaston College ($132,493) and Belmont Abbey College ($91,844), according to its 2024 IRS Form 990. Together they received 85% of its itemized 2024 grant dollars.
How large is Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc reported $32.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.1M.
What is Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc is a public charity focused on Health, based in Gastonia, NC. It holds $32.2M in total assets as of 2024.
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 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Gaston Memorial Hospital Foundation Inc by hand.
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