Mills Family Foundation Inc

Private foundation · Grantmaker Asheville, NC EIN: 56-6060644

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

3states

Share of 2025 grant dollars across all 7 itemized grants.

Cities

AshevilleMichigan CenterNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K15 grants2020 7 grants2021 9 grants2022 6 grants2023 9 grants2024 7 grants2025

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

Carolina Day School: $43KCarolina Day School$43KHaywood Street Congregation: $4KHaywood Street Congregation$4KLiteracy Together: $3KLiteracy Together$3KMountain Amateur Atheletic Club: $1KMountain Amateur AtheleticClub$1KPreservation Society of AVL & Buncombe County: $1KPreservation Society of AVL &Buncombe County$1KOpen Doors of Asheville: $500Open Doors of Asheville$500Daniel Boone Society: $300Daniel Boone Society$300

The largest 2025 recipient was Carolina Day School ($43K). Together the top 7 received $52K.

Grant Size Distribution

38 grants across all recorded years

38<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 38 grants of 38 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Carolina Day School Asheville, NCProgram Support$42,500
Haywood Street Congregation Asheville, NCProgram Support$3,750
Literacy Together Asheville, NCProgram Support$2,500
Mountain Amateur Atheletic Club Asheville, NCProgram Support$1,000
Preservation Society of AVL & Buncombe County Asheville, NCProgram Support$1,000
Open Doors of Asheville Asheville, NCProgram Support$500
Daniel Boone Society Asheville, NCProgram Support$300

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. 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.

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