Goforth Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONOVER, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 13 grants totaling $62K. Net investment income was $82K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+1.8% YoY
Annual Giving
$62K
+54.5% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$5K
+66.4% YoY
Under IRS private-foundation payout rules, Goforth Family Foundation reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
About Goforth Family Foundation
Based on IRS filings
Goforth Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONOVER, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 13 grants totaling $62K. Net investment income was $82K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,127,993 | $1,108,511 | $1,101,063 |
| Revenue | $95,596 | $64,251 | $321,646 |
| Expenses | $76,114 | $56,803 | $86,447 |
| Qualifying Distributions | $61,500 | $39,800 | $73,100 |
| Net Investment Income | $81,740 | $51,540 | $308,427 |
| Distributable Amount | $70,304 | $64,892 | $62,227 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($14,000), First Baptist Church of Statesville ($10,000), First Baptist Church of Statesville ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS GREENSBORO, NC | GENERAL OPERATING FUND | $500 |
| FIRST BAPTIST CHURCH OF STATESVILLE STATESVILLE, NC | GENERAL OPERATING FUND | $10,000 |
| FIRST BAPTIST CHURCH OF STATESVILLE STATESVILLE, NC | SCHOLARSHIP FUND | $10,000 |
| HOPE REMAINS YOUTH RANCH WELLFORD, SC | GENERAL OPERATING FUND | $1,000 |
| MT VERNON BAPTIST CHURCH OLIN, NC | SCHOLARSHIP FUND | $10,000 |
| PEACE CENTER GREENVILLE, SC | GENERAL OPERATING FUND | $1,000 |
| PLEASANT GREEN UNITED METHODIST CHURCH DURHAM, NC | GENERAL OPERATING FUND | $1,000 |
| SAMARITAN'S PURSE BOONE, NC | GENERAL OPERATING FUND | $14,000 |
| SC CHRISTIAN FOUNDATION SPARTANBURG, SC | GENERAL OPERATING FUND | $1,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | GENERAL OPERATING FUND | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEBORAH G TRAYLOR | TRUSTEE | 2 | — |
| SUE G HEDRICK | TRUSTEE | 2 | — |
| DWIGHT DAVIS GOFORTH | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Goforth Family Foundation?
Goforth Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONOVER, NC. It holds $1.1M in total assets as of 2024.
How large is Goforth Family Foundation?
As of 2024, Goforth Family Foundation holds $1.1M in total assets with $96K in annual revenue. It awarded 13 grants totaling $62K in 2024.
Where does Goforth Family Foundation operate?
Goforth Family Foundation has awarded grants in Maryland, North Carolina, South Carolina, Tennessee, Virginia.
What size grants does Goforth Family Foundation award?
In 2024, Goforth Family Foundation awarded 13 grants totaling $62K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Goforth Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Goforth Family Foundation reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Goforth Family Foundation's EIN?
Goforth Family Foundation's EIN (Employer Identification Number) is 56-1984601. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Goforth Family Foundation'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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