Mills Family Foundation Inc
Mills Family Foundation Inc is a private foundation, based in Asheville, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $280K in total assets. In 2025, it awarded 7 grants totaling $52K. Net investment income was $57K.
Key facts about Mills Family Foundation Inc
In short: Mills Family Foundation Inc gave $52K across 7 grants in 2025 (avg $7K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 56-6060644
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $51,550
- Grants made (2025)
- 7
- Average grant
- $7,364
- Median grant
- $1,000
- Total assets
- $280,104
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$280K
+1.9% YoY
Annual Giving
$52K
+334.8% YoY
Grant Count
7
-22.2% YoY
Avg Grant Size
$7K
+459.1% YoY
Under IRS private-foundation payout rules, Mills Family Foundation Inc reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
How Mills Family Foundation Inc gives
- Giving grew 194% from 2022 to 2025. Method
- In 2025 it paid out 288% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $12K (2024) to $52K (2025). In 2025 it made 7 grants totaling $52K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Carolina Day School ($43K). Together the top 7 received $52K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carolina Day School Asheville, NC | Program Support | $42,500 |
| Haywood Street Congregation Asheville, NC | Program Support | $3,750 |
| Literacy Together Asheville, NC | Program Support | $2,500 |
| Mountain Amateur Atheletic Club Asheville, NC | Program Support | $1,000 |
| Preservation Society of AVL & Buncombe County Asheville, NC | Program Support | $1,000 |
| Open Doors of Asheville Asheville, NC | Program Support | $500 |
| Daniel Boone Society Asheville, NC | Program Support | $300 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $280,104 | $274,950 | $262,091 |
| Revenue | $69,987 | $31,478 | $34,868 |
| Expenses | $64,833 | $18,626 | $24,342 |
| Qualifying Distributions | $51,550 | $11,855 | $15,563 |
| Net Investment Income | $56,704 | $25,007 | $26,365 |
| Distributable Amount | $17,877 | $18,111 | $17,244 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Mills Family Foundation Inc is led by Pamela Mills Turner, President & Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Pamela Mills Turner
President & Director
On filings since 2020
No compensation reported
Brian Mills Turner
Director
On filings since 2020
No compensation reported
James W. Turner
Vice President & Director
On filings since 2020
No compensation reported
Robin Turner Oswald
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mills Family Foundation Inc
How much does Mills Family Foundation Inc give each year?
Mills Family Foundation Inc gave $52K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 9 grants.
What is Mills Family Foundation Inc's typical grant size?
Mills Family Foundation Inc's median grant in 2025 was $1,000, and its average grant was $7,364, across 7 grants on its 2025 IRS Form 990-PF.
Where does Mills Family Foundation Inc give grants?
Mills Family Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Asheville, NC (7 grants).
Does Mills Family Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Mills Family Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (7 grants).
Who are Mills Family Foundation Inc's largest grantees?
Mills Family Foundation Inc's largest 2025 grantees include Carolina Day School ($42,500), Haywood Street Congregation ($3,750) and Literacy Together ($2,500), according to its 2025 IRS Form 990-PF. Together they received 95% of its itemized 2025 grant dollars.
How large is Mills Family Foundation Inc?
Mills Family Foundation Inc reported $280K in total assets on its 2025 IRS Form 990-PF. It paid out $52K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).
What is Mills Family Foundation Inc's EIN?
Mills Family Foundation Inc's EIN (Employer Identification Number) is 56-6060644. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Mills Family Foundation Inc by hand.
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