George Foundation Inc
George Foundation Inc is a private foundation based in Hickory, North Carolina. Its 2025 filing reports $1,397,000 in grants to 58 recipients, with nearly all grant dollars going to organizations in North Carolina.
George Foundation Inc at a glance
In short: George Foundation Inc gave $1.4M across 58 grants in 2025 (avg $24K), mostly in North Carolina. 4% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,397,000
- -12.8% vs 2024
- Grants made (2025)
- 58
- -3.3% vs 2024
- Average grant
- $24,086
- -9.8% vs 2024
- Median grant
- $5,000
- Total assets
- $19,439,273
- +6.9% vs 2024
- New grantees (estimate)
- 4% first-time grantees (2 of 51, 2025)
- Primary geography
- North Carolina (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to George Foundation Inc
- How to Apply
-
The 2023 filing lists Boyd George as the contact and requests a letter-format application. It says the foundation does not restrict giving to preselected organizations and lists no restrictions on awards.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: Boyd George
Mailing address: PO Box 800, Hickory, NC 28603
Phone: (828) 725-4479
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who George Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hickory Museum of Art Inc ($400K). Together the top 10 received $1.1M.
Grant Size Distribution
283 grants across all recorded years
The most common grant size was under $50K: 239 grants of 283 (84%).
Geographic Focus
Where this funder awards grants
In 2025, 99% of grant dollars went to recipients in North Carolina and 1% to recipients in South Carolina. Many listed grants supported organizations in Hickory and the surrounding Catawba Valley area.
Grant Distribution by State
Share of 2025 grant dollars across all 58 itemized grants.
Cities
Is George Foundation Inc open to new grantees?
4%
first-time grantees, 2025
In 2025, 2 of 51 grantees (4%) were first-time recipients. First grants averaged $9K; repeat grants $28K. How we count
Medians: $9K first-time, $6K repeat.
- 78% of 2025 grantees were also funded in 2024. Method
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $813K (2020) to $1.9M (2022). In 2025 it made 58 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hickory Museum of Art Inc Hickory, NC | General Support | $400,000 |
| Catawba Valley Community College Foundation Inc Hickory, NC | General Support | $100,000 |
| Pregnancy Care Center of Catawba Valley Inc Hickory, NC | General Support | $100,000 |
| YMCA of Catawba Valley Hickory, NC | General Support | $100,000 |
| Catawba County United Way Inc Hickory, NC | General Support | $50,000 |
| Habitat for Humanity of Catawba Valley Inc Hickory, NC | General Support | $50,000 |
| Hickory Day School Inc Hickory, NC | General Support | $50,000 |
| Lenoir-Rhyne University Hickory, NC | General Support | $50,000 |
| UNC-G Excellence Foundation Inc Greensboro, NC | General Support | $50,000 |
| YMCA of Catawba Valley Hickory, NC | General Support | $50,000 |
Ready to take the next step with George Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $19,439,273 | $3,608,870 | $1,613,481 | $1,397,000 | 58 | $1,397,000 | $2,584,777 | $1,169,871 |
| 2024 | $18,177,873 | $994,410 | $1,747,562 | $1,602,330 | 60 | $1,602,330 | $861,148 | $1,099,216 |
| 2023 | $18,934,438 | $2,726,551 | $1,472,451 | $1,347,000 | 57 | $1,347,000 | $1,001,323 | $908,557 |
| 2022 | $19,129,433 | $5,745,974 | $2,024,399 | $1,875,000 | 52 | $1,875,000 | $4,344,717 | $876,010 |
| 2021 | $16,686,631 | $6,073,718 | $1,312,148 | $1,133,500 | 56 | — | $5,787,262 | $911,368 |
| 2020 | $11,869,467 | $1,705,604 | $907,592 | $813,000 | 63 | — | $1,241,094 | $679,228 |
Under IRS private-foundation payout rules, George Foundation Inc reported a distributable amount of $1.2M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided.
Its grants support organizations with varied missions. For example, Hickory Museum of Art says its mission is to bring people together and inspire creativity through art. Catawba Valley Community College Foundation says it supports the college’s mission of transforming the community and empowering students. Catawba County United Way says it builds relationships and supports the community through collaboration, compassion, and purpose. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2025, the foundation made 58 grants totaling $1,397,000. Grant amounts ranged from $500 to $400,000, with a median of $5,000. The largest award was $400,000 to Hickory Museum of Art. Other notable grants included $100,000 each to Catawba Valley Community College Foundation, Pregnancy Care Center of Catawba Valley, and YMCA of Catawba Valley; and $50,000 each to Catawba County United Way, Habitat for Humanity of Catawba Valley, Hickory Day School, Lenoir-Rhyne University, and UNC-G Excellence Foundation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Boyd L. George as chairman, Kimberly D. George as president, Joyce George Corbett and Frederick D. McClure as directors, and John B. Orgain as secretary.
George Foundation Inc is led by Kimberly D. George, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kimberly D. George
President
On filings since 2020
No compensation reported
Boyd L. George
Chairman
On filings since 2020
No compensation reported
Frederick D. McClure
Director
On filings since 2020
No compensation reported
Joyce George Corbett
Director
On filings since 2020
No compensation reported
John B. Orgain
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about George Foundation Inc
How much does George Foundation Inc give each year?
George Foundation Inc gave $1.4M across 58 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.6M across 60 grants.
What is George Foundation Inc's typical grant size?
George Foundation Inc's median grant in 2025 was $5,000, and its average grant was $24,086, across 58 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from George Foundation Inc that year got $9K on average.
Where does George Foundation Inc give grants?
George Foundation Inc gives mostly in North Carolina: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Hickory, NC (30 grants), Newton, NC (4 grants), Charlotte, NC (4 grants) and Lenoir, NC (4 grants).
Does George Foundation Inc give general operating support?
Yes: 100% of George Foundation Inc's 2025 grants with a stated purpose (58 of 58) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are George Foundation Inc's largest grantees?
George Foundation Inc's largest 2025 grantees include Hickory Museum of Art Inc ($400,000), YMCA of Catawba Valley ($150,000 across 2 grants) and Catawba Valley Community College Foundation Inc ($100,000), according to its 2025 IRS Form 990-PF. Together they received 47% of its itemized 2025 grant dollars.
How large is George Foundation Inc?
George Foundation Inc reported $19.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.2M (roughly 5% of its investment assets).
What does George Foundation Inc fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from George Foundation Inc?
The 2023 filing lists Boyd George as the contact and requests a letter-format application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is George Foundation Inc's EIN?
George Foundation Inc's EIN (Employer Identification Number) is 56-1282417. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 16, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in George Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). George Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/george-foundation-inc-morg_d35452e117d24ad0a05c2034c2b93296
BibTeX
@misc{grantable_561282417_2026,
author = {{Grantable}},
title = {{George Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/george-foundation-inc-morg_d35452e117d24ad0a05c2034c2b93296},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from George Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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