Gaston Memorial Hospital Foundation Inc

GASTONIA, NC EIN: 56-1479699 Website

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

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

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$5M20202021202220232024
Metric202420232022
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

$0$247K$493K$740K$986K7 grants20208 grants20217 grants20226 grants20239 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Caromont Health$491KGaston College$132KBelmont Abbey College$92KCancer Services of Gasto…$40KBoys and Girls Club$27KDream Center Academy$25KHeart Society of GC$15KPiedmont Chapter of the …$12KBackpack Weekend Food Pr…$9K

Grant Size Distribution

37 grants across all recorded years

27<$50K1$50–100K3$100–250K4$250–500K2$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Gaston Memorial Hospital Foundation Inc fund?

Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Ms Mary Grace BeanDirector Foundation$130K

From 2024 filing

NameTitleHoursCompensation
Dr George Adcock lllSecretary1
Mr David O'ConnorEVP/CFO/Asst. Treasurer/Director1
Ms Janie PeakChair1
Mr Jason AustellDirector1
Mr Steven WilsonDirector1
Mr K Christopher PeekCEO1
Ms Leigh HickmanCLO/Asst. Sec.1
Ms Mary Grace BeanDirector Foundation40$129,995

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

3states

Cities

BelmontDallasGastoniaHickoryRye Brook

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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