Pitts Family Foundation
Pitts Family Foundation is a private foundation, based in ARDEN, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $710K in total assets. In 2024, it awarded 5 grants totaling $296K. Net investment income was $57K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$710K
-25.4% YoY
Annual Giving
$296K
+63.5% YoY
Grant Count
5
-54.5% YoY
Avg Grant Size
$59K
+259.7% YoY
Under IRS private-foundation payout rules, Pitts Family Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About Pitts Family Foundation
Based on IRS filings
Pitts Family Foundation is a private foundation, based in ARDEN, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $710K in total assets. In 2024, it awarded 5 grants totaling $296K. Net investment income was $57K.
Ready to take the next step with Pitts Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $709,825 | $951,363 | $1,143,645 |
| Revenue | $63,632 | $-2,696 | $226,765 |
| Expenses | $304,361 | $185,850 | $203,253 |
| Qualifying Distributions | $297,820 | $181,050 | $181,200 |
| Net Investment Income | $57,091 | $17,289 | $219,642 |
| Distributable Amount | $49,103 | $52,167 | $57,886 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Penn Maw Inc ($125,000), Greater Baltimore Medical Center Inc ($75,000), Carroll Hospital Foundation ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARROLL HOSPITAL FOUNDATION Westminster, MD | GENERAL SUPPORT | $60,000 |
| BASCILICA OF SAINT LAWRENCE Asheville, NC | GENERAL SUPPORT and Diocesan Support Appeal | $26,000 |
| Greater Baltimore Medical Center Inc Towson, MD | Support for the Safe and Domestic Violence program | $75,000 |
| PENN MAW INC Reading, PA | GENERAL SUPPORT | $125,000 |
| OLV Charities Lackawanna, NY | general support | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES F PITTS | TRUSTEE | — | — |
| FRANCES K PITTS | TRUSTEE | — | — |
Frequently Asked Questions
How large is Pitts Family Foundation?
As of 2024, Pitts Family Foundation holds $710K in total assets with $64K in annual revenue. It awarded 5 grants totaling $296K in 2024.
Where does Pitts Family Foundation operate?
Pitts Family Foundation has awarded grants in Colorado, Delaware, Florida, Maryland, North Carolina, New York, Pennsylvania, Virginia.
What size grants does Pitts Family Foundation award?
In 2024, Pitts Family Foundation awarded 5 grants totaling $296K — an average of about $59K per grant, based on its IRS Form 990 filings.
How much is Pitts Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Pitts Family Foundation reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Pitts Family Foundation's EIN?
Pitts Family Foundation's EIN (Employer Identification Number) is 46-4140071. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Pitts Family Foundation'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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