Kates Foundation Inc
Kates Foundation Inc is a private foundation focused on Education, based in Asheville, NC. IRS filing data is available from 2020 through 2023. In 2023, it awarded 13 grants totaling $1.4M. Net investment income was $59K.
Key facts about Kates Foundation Inc
- EIN
- 65-0401513
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $1,363,240
- Grants made (2023)
- 13
- Average grant
- $104,865
- Median grant
- $10,000
- New grantees (estimate)
- 31% first-time grantees (4 of 13, 2023)
- Primary geography
- Massachusetts (87% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Kates Foundation Inc funds
By grant dollars, the top recipient states for Kates Foundation Inc's 13 itemized 2023 grants were Massachusetts (87%) and North Carolina (11%). The most frequent recipient cities were Asheville, NC (10 grants). 85% of grants with a stated purpose were for general or operating support.
Is Kates Foundation Inc open to new grantees?
31%
first-time grantees, 2023
In 2023, 4 of 13 grantees (31%) were first-time recipients. First grants averaged $300K; repeat grants $18K. How we count
Medians: $6K first-time, $10K repeat.
- 69% of 2023 grantees were also funded in 2022. Method
- Giving grew 1343% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Kates Foundation Inc
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Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$1.4M
+1027.7% YoY
Grant Count
13
+30.0% YoY
Avg Grant Size
$105K
+767.4% YoY
Under IRS private-foundation payout rules, Kates Foundation Inc reported a distributable amount of $92K for 2023 — the minimum it must pay out in qualifying distributions.
About Kates Foundation Inc
Based on IRS filings
Kates Foundation Inc is a private foundation focused on Education, based in Asheville, NC. IRS filing data is available from 2020 through 2023. In 2023, it awarded 13 grants totaling $1.4M. Net investment income was $59K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2023 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $1,326,449 | $1,434,527 |
| Revenue | $60,731 | $35,913 | $174,562 |
| Expenses | $1,386,880 | $143,991 | $122,612 |
| Qualifying Distributions | $1,385,014 | $124,625 | $103,161 |
| Net Investment Income | $59,100 | $31,348 | $155,483 |
| Distributable Amount | $91,945 | $110,842 | $124,701 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
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 2023
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest recipients include Bank of America Charitable Gift Fund ($1,183,567), Ashville Jewish Community Center ($50,000), Vecinos ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BANK OF AMERICA CHARITABLE GIFT FUND Boston, MA | DISTRIBUTION OF REMAINING ASSETS OF THE ORGANIZATION UPON DISSOLUTION. | $1,183,567 |
| ASHVILLE JEWISH COMMUNITY CENTER Asheville, NC | GENERAL | $50,000 |
| VECINOS Cullowhee, NC | GENERAL | $40,000 |
| PLANNED PARENTHOOD Sarasota, FL | GENERAL | $25,000 |
| HOMEWARD BOUND Asheville, NC | GENERAL | $10,563 |
| HELPMATE INC Asheville, NC | GENERAL | $10,010 |
| MANNA FOODBANK Asheville, NC | FOOD DRIVE | $10,000 |
| PISGAH LEGAL SERVICES Asheville, NC | GENERAL | $7,840 |
| HELPING AT RISK KIDS (HARK) Asheville, NC | GENERAL | $6,250 |
| OPEN DOORS ASHEVILLE Asheville, NC | GENERAL | $5,010 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2023 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mena Lisa Kates | President/Treasurer | 10 | — |
| Christopher Quintero | Officer | 2 | — |
| Hannah B Kates | Vice-President | 2 | — |
| Richard Labrie Junior | Vice-Chairman & Secretary | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kates Foundation Inc?
Kates Foundation Inc is a private foundation focused on Education, based in Asheville, NC. It holds — in total assets as of 2023.
Where does Kates Foundation Inc operate?
Kates Foundation Inc has awarded grants in District of Columbia, Florida, Illinois, Massachusetts, North Carolina.
What size grants does Kates Foundation Inc award?
In 2023, Kates Foundation Inc awarded 13 grants totaling $1.4M — an average of about $105K per grant, based on its IRS Form 990 filings.
How much is Kates Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Kates Foundation Inc reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kates Foundation Inc's EIN?
Kates Foundation Inc's EIN (Employer Identification Number) is 65-0401513. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.