Linville Ridge Assistance Fund Inc is a private foundation focused on Human Services, based in BANNER ELK, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $564K in total assets. In 2024, it awarded 4 grants totaling $395K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$564K
+89.2% YoY
Annual Giving
$395K
+129.6% YoY
Grant Count
4
-77.8% YoY
Avg Grant Size
$99K
+933.0% YoY
Under IRS private-foundation payout rules, Linville Ridge Assistance Fund Inc reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Linville Ridge Assistance Fund Inc
Based on IRS filings
Linville Ridge Assistance Fund Inc is a private foundation focused on Human Services, based in BANNER ELK, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $564K in total assets. In 2024, it awarded 4 grants totaling $395K. Net investment income was $4K.
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 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $564,222 | $298,180 | $100,620 |
| Revenue | $712,227 | $324,755 | $232,120 |
| Expenses | $509,900 | $234,317 | $182,884 |
| Qualifying Distributions | $395,400 | $172,250 | $169,700 |
| Net Investment Income | $4,127 | — | — |
| Distributable Amount | $14,112 | $9,820 | $4,174 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Linville Ridge Employees ($300,515), Linville Ridge Employees ($63,955), Avery County YMCA ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Avery County YMCA Linville, NC | General assistance | $25,000 |
| North Carolina Community Foundation Raleigh, NC | SCHOLARSHIP | $5,930 |
| LINVILLE RIDGE EMPLOYEES LINVILLE, NC | HURRICANE RELIEF ASSISTANCE | $300,515 |
| LINVILLE RIDGE EMPLOYEES LINVILLE, NC | EMERGENCY HARDSHIP ASSISTANCE | $63,955 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RYAN DUFFY | PRESIDENT | 2 | — |
| RICHARD WAGMAN | TREASURER | 2 | — |
| CHARLES KING | BOARD MEMBER | 2 | — |
| RON SOLDO | BOARD MEMBER | 2 | — |
| BRAD BLAIR | BOARD MEMBER | 2 | — |
| GEORGE MAHONEY | BOARD MEMBER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Linville Ridge Assistance Fund Inc?
Linville Ridge Assistance Fund Inc is a private foundation focused on Human Services, based in BANNER ELK, NC. It holds $564K in total assets as of 2024.
How large is Linville Ridge Assistance Fund Inc?
As of 2024, Linville Ridge Assistance Fund Inc holds $564K in total assets with $712K in annual revenue. It awarded 4 grants totaling $395K in 2024.
Where does Linville Ridge Assistance Fund Inc operate?
Linville Ridge Assistance Fund Inc has awarded grants in North Carolina.
What size grants does Linville Ridge Assistance Fund Inc award?
In 2024, Linville Ridge Assistance Fund Inc awarded 4 grants totaling $395K — an average of about $99K per grant, based on its IRS Form 990 filings.
How much is Linville Ridge Assistance Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Linville Ridge Assistance Fund Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Linville Ridge Assistance Fund Inc's EIN?
Linville Ridge Assistance Fund Inc's EIN (Employer Identification Number) is 85-3304019. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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