Glass Foundation Inc
Glass Foundation Inc is a private foundation, based in Asheville, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23.4M in total assets. In 2024, it awarded 1 grant totaling $2.0M. Net investment income was $364K.
Glass Foundation Inc at a glance
In short: Glass Foundation Inc gave $2.0M across 1 grant in 2024 (avg $2.0M), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,024,680
- Grants made (2024)
- 1
- Average grant
- $2,024,680
- Median grant
- $2,024,680
- Total assets
- $23,429,847
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
How to apply to Glass Foundation Inc
Open Grants
1 open opportunity from Glass Foundation Inc
Who Glass Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $1–5M range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Glass Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−11%). Method
- In 2024 it paid out 180% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.6M (2020) to $2.3M (2021). In 2024 it made 1 grant totaling $2.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached See Attached, NC | Charitable | $2,024,680 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $23,429,847 | $1,533,252 | $2,391,104 | $2,024,680 | 1 | $2,024,680 | $363,645 | $1,127,833 |
| 2022 | $24,614,695 | $2,466,374 | $2,268,986 | $1,880,244 | 2 | $1,880,244 | $315,039 | $1,012,541 |
| 2021 | $24,447,807 | $3,179,935 | $2,675,545 | $2,272,568 | 2 | $2,272,568 | $347,115 | $1,004,953 |
| 2020 | $23,943,717 | $6,354,421 | $1,909,956 | $1,565,239 | 2 | — | $352,640 | $1,013,012 |
Under IRS private-foundation payout rules, Glass Foundation Inc reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Glass Foundation Inc is led by Lara Glass, President on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Lara Glass
President
On filings since 2020
$75K (2020) → $92K (2024)
Kenneth E. Glass
Board Director Chairman
On filings since 2020
No compensation reported
Nancy J. Glass
Vice President & Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 $92K, to Lara Glass (President).
Frequently asked questions about Glass Foundation Inc
How much does Glass Foundation Inc give each year?
Glass Foundation Inc gave $2.0M across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Glass Foundation Inc?
Glass Foundation Inc reported $23.4M in total assets on its 2024 IRS Form 990-PF. It paid out $2.0M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).
Where does Glass Foundation Inc operate?
Glass Foundation Inc has awarded grants in North Carolina.
What is Glass Foundation Inc's EIN?
Glass Foundation Inc's EIN (Employer Identification Number) is 56-2196225. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Glass Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Glass Foundation Inc's focus areas in our free grants database
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