Gorrell Family Foundation Inc
Gorrell Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 18 grants totaling $240K. Net investment income was $315K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
-0.1% YoY
Annual Giving
$240K
-20.1% YoY
Grant Count
18
+12.5% YoY
Avg Grant Size
$13K
-29.0% YoY
Under IRS private-foundation payout rules, Gorrell Family Foundation Inc reported a distributable amount of $311K for 2024 — the minimum it must pay out in qualifying distributions.
About Gorrell Family Foundation Inc
Based on IRS filings
Gorrell Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 18 grants totaling $240K. Net investment income was $315K.
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 | $4,006,421 | $4,008,795 | $4,189,196 |
| Revenue | $314,541 | $184,469 | $207,023 |
| Expenses | $316,915 | $364,870 | $364,546 |
| Qualifying Distributions | $239,711 | $300,000 | $300,000 |
| Net Investment Income | $314,541 | $119,599 | $142,477 |
| Distributable Amount | $311,086 | $266,557 | $273,646 |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greensboro Day School ($105,000), West Market Street United Methodist Church ($35,100), The Nick ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDSAVERS OF RICHMOND RICHMOND, VA | GENERAL PURPOSE SUPPORT | $5,000 |
| CONE HEALTH GREENSBORO, NC | GENERAL PURPOSE SUPPORT | $14,803 |
| GREENSBORO DAY SCHOOL GREENSBORO, NC | GENERAL PURPOSE SUPPORT | $105,000 |
| JACKSON FIELD HOMES JARRATT, VA | GENERAL PURPOSE SUPPORT | $2,904 |
| KIND COOPERATIVE WOLFEBORO, NH | GENERAL PURPOSE SUPPORT | $5,000 |
| KINGSWOOD YOUTH CENTER WOLFEBORO, NH | GENERAL PURPOSE SUPPORT | $10,000 |
| SANCTUARY HOUSE GREENSBORO, NC | GENERAL PURPOSE SUPPORT | $4,904 |
| THE CROSS-OVER MINISTRY INC RICHMOND, VA | GENERAL PURPOSE SUPPORT | $5,000 |
| THE NICK WOLFEBORO, NH | GENERAL PURPOSE SUPPORT | $20,000 |
| WENTWORTH WATERSHED ASSOCIATION WOLFEBORO, NH | GENERAL PURPOSE SUPPORT | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT CRATCH | PRESIDENT | — | — |
| MARY GORRELL JONES | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gorrell Family Foundation Inc?
Gorrell Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENSBORO, NC. It holds $4.0M in total assets as of 2024.
How large is Gorrell Family Foundation Inc?
As of 2024, Gorrell Family Foundation Inc holds $4.0M in total assets with $315K in annual revenue. It awarded 18 grants totaling $240K in 2024.
Where does Gorrell Family Foundation Inc operate?
Gorrell Family Foundation Inc has awarded grants in North Carolina, New Hampshire, Virginia.
What size grants does Gorrell Family Foundation Inc award?
In 2024, Gorrell Family Foundation Inc awarded 18 grants totaling $240K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Gorrell Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gorrell Family Foundation Inc reported a distributable amount of $311K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gorrell Family Foundation Inc's EIN?
Gorrell Family Foundation Inc's EIN (Employer Identification Number) is 56-2089597. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gorrell Family 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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