Hamrick Mills Foundation Inc

GAFFNEY, SC EIN: 57-6024261

Hamrick Mills Foundation Inc is a private foundation, based in GAFFNEY, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 16 grants totaling $92K. Net investment income was $38K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4M

-0.2% YoY

Annual Giving

$92K

+30.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6K

+30.3% YoY

Under IRS private-foundation payout rules, Hamrick Mills Foundation Inc reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.

About Hamrick Mills Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $377K (100%)

States

South Carolina

Cities

BlacksburgGaffneyGreenvilleSpartanburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,421,166	$1,423,821	$1,354,854
Revenue	$154,751	$38,735	$72,931
Expenses	$124,516	$79,166	$90,735
Qualifying Distributions	$111,964	$72,170	$81,824
Net Investment Income	$38,149	$37,236	$67,034
Distributable Amount	$68,184	$68,407	$70,731

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

78 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Miracle Hill Ministries ($13,700), The Salvation Army ($13,550), Iron City Ministries ($11,990).

Recipient	Purpose	Amount
Boys Girls Clubs Kids Clubs Gaffney, SC	General Op Support	$4,420
CC Chamber of Commerce Gaffney, SC	Leadership Cherokee	$2,280
Cherokee Childrens Home Gaffney, SC	General Op Support	$6,140
Cherokee County Meals on Wheels Gaffney, SC	New Kitchen Equipment	$7,500
Cherokee Historical Preservation Gaffney, SC	Event Hall Tech Update	$2,720
Cherokee Pregnancy Center Options Gaffney, SC	Renovate Bathroom	$1,900
Childrens Advocacy Center Spartanburg, SC	Cherokee Counseling	$2,720
Grassy Pond Baptist Church Gaffney, SC	WinShape Camp	$5,000
Iron City Ministries Blacksburg, SC	Financial Assistance	$11,990
KNOW 2 Gaffney, SC	General Op Support	$1,860

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Charles F Hamrick II	Director	1	—
Wardlaw Hamrick	Director	1	—
Lyman Hamrick	Director	1	—
Carlisle Hamrick	Director	1	—
David Dorman	Treasurer & Director	1	—
Cameron Hamrick	Chair & Director	1	—

Frequently Asked Questions

How large is Hamrick Mills Foundation Inc?

As of 2024, Hamrick Mills Foundation Inc holds $1.4M in total assets with $155K in annual revenue. It awarded 16 grants totaling $92K in 2024.

Where does Hamrick Mills Foundation Inc operate?

Hamrick Mills Foundation Inc has awarded grants in South Carolina.

What size grants does Hamrick Mills Foundation Inc award?

In 2024, Hamrick Mills Foundation Inc awarded 16 grants totaling $92K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Hamrick Mills Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hamrick Mills Foundation Inc reported a distributable amount of $68K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.