Glass Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $2.0M. Net investment income was $364K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.4M
Annual Giving
$2.0M
Grant Count
1
Avg Grant Size
$2.0M
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.
About Glass Foundation Inc
Based on IRS filings
Glass Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $2.0M. Net investment income was $364K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $23,429,847 | $24,614,695 | $24,447,807 |
| Revenue | $1,533,252 | $2,466,374 | $3,179,935 |
| Expenses | $2,391,104 | $2,268,986 | $2,675,545 |
| Qualifying Distributions | $2,024,680 | $1,880,244 | $2,272,568 |
| Net Investment Income | $363,645 | $315,039 | $347,115 |
| Distributable Amount | $1,127,833 | $1,012,541 | $1,004,953 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Open Grants
1 open opportunity from Glass Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached ($2,024,680).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SEE ATTACHED, NC | CHARITABLE | $2,024,680 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH E GLASS | BD DIR CHMN | — | — |
| NANCY J GLASS | VP/SECRETARY | — | — |
| LARA GLASS | PRESIDENT | — | $91,708 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Glass Foundation Inc?
Glass Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $23.4M in total assets as of 2024.
How large is Glass Foundation Inc?
As of 2024, Glass Foundation Inc holds $23.4M in total assets with $1.5M in annual revenue. It awarded 1 grants totaling $2.0M in 2024.
Where does Glass Foundation Inc operate?
Glass Foundation Inc has awarded grants in North Carolina.
What size grants does Glass Foundation Inc award?
In 2024, Glass Foundation Inc awarded 1 grants totaling $2.0M — an average of about $2.0M per grant, based on its IRS Form 990 filings.
How much is Glass Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Glass Foundation Inc reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Glass Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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