George a Moretz Family Foundation Inc

HICKORY, NC EIN: 56-2006438

George a Moretz Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HICKORY, NC. IRS filing data is available from 2020 through 2022. In 2022, it awarded 3 grants totaling $4K. Net investment income was $1.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$4K

-22.2% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$1K

+3.7% YoY

Under IRS private-foundation payout rules, George a Moretz Family Foundation Inc reported a distributable amount of $78 for 2022 — the minimum it must pay out in qualifying distributions.

About George a Moretz Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $13K (100%)

States

North Carolina

Cities

GastoniaHickoryRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$1,167	$1,667
Revenue	$3,424	$6,000	$5,001
Expenses	$4,591	$6,500	$4,500
Qualifying Distributions	$3,500	$4,500	—
Net Investment Income	$1	—	$1
Distributable Amount	$78	$58	$174

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2022

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Lenoir Rhyne University ($1,500), North Carolina Textile Foundation ($1,000), Piedmont Council - Boy Scouts of America ($1,000).

Recipient	Purpose	Amount
LENOIR RHYNE UNIVERSITY HICKORY, NC	FOR OPERATING BUDGET	$1,500
NORTH CAROLINA TEXTILE FOUNDATION RALEIGH, NC	FOR OPERATING BUDGET	$1,000
PIEDMONT COUNCIL - BOY SCOUTS OF AMERICA GASTONIA, NC	FOR OPERATING BUDGET	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
GEORGE A MORETZ	PRESIDENT/TREASURER	—	—
CAROLYN S MORETZ	VICE PRESIDENT/SECRETARY	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is George a Moretz Family Foundation Inc?

George a Moretz Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HICKORY, NC. It holds — in total assets as of 2022.

Where does George a Moretz Family Foundation Inc operate?

George a Moretz Family Foundation Inc has awarded grants in North Carolina.

What size grants does George a Moretz Family Foundation Inc award?

In 2022, George a Moretz Family Foundation Inc awarded 3 grants totaling $4K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is George a Moretz Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, George a Moretz Family Foundation Inc reported a distributable amount of $78 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is George a Moretz Family Foundation Inc's EIN?

George a Moretz Family Foundation Inc's EIN (Employer Identification Number) is 56-2006438. IRS Form 990 filing data is available on this page for 2020–2022.