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.
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.
About Mills Family Foundation Inc
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Carolina Day School ($42,500), Haywood Street Congregation ($3,750), Literacy Together ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CAROLINA DAY SCHOOL ASHEVILLE, NC | PROGRAM SUPPORT | $42,500 |
| 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 |
| DANIEL BOONE SOCIETY ASHEVILLE, NC | PROGRAM SUPPORT | $300 |
| HAYWOOD STREET CONGREGATION ASHEVILLE, NC | PROGRAM SUPPORT | $3,750 |
| OPEN DOORS OF ASHEVILLE ASHEVILLE, NC | PROGRAM SUPPORT | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAMELA MILLS TURNER | PRES/DIRECTOR | — | — |
| JAMES W TURNER | VP/DIRECTOR | — | — |
| BRIAN MILLS TURNER | DIRECTOR | — | — |
| ROBIN TURNER OSWALD | DIRECTOR | — | — |
Frequently Asked Questions
How large is Mills Family Foundation Inc?
As of 2025, Mills Family Foundation Inc holds $280K in total assets with $70K in annual revenue. It awarded 7 grants totaling $52K in 2025.
Where does Mills Family Foundation Inc operate?
Mills Family Foundation Inc has awarded grants in Michigan, North Carolina, New York.
What size grants does Mills Family Foundation Inc award?
In 2025, Mills Family Foundation Inc awarded 7 grants totaling $52K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Mills Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Mills Family Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Mills Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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