Psrm Foundation
Psrm Foundation is a private foundation, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $4K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$4K
+0.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Psrm Foundation reported a distributable amount of $143 for 2023 — the minimum it must pay out in qualifying distributions.
About Psrm Foundation
Based on IRS filings
Psrm Foundation is a private foundation, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2023. In 2023, it awarded 3 grants totaling $4K.
Ready to take the next step with Psrm Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $2,178 | $6,428 |
| Revenue | $3,000 | — | $10,000 |
| Expenses | $5,178 | $4,250 | $4,650 |
| Qualifying Distributions | $4,250 | $4,250 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $143 | $218 | $162 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include United Way of Asheville and Buncombe County ($3,850), Pisgah Legal Services ($300), Meals on Wheels ($100).
| Recipient | Purpose | Amount |
|---|---|---|
| MEALS ON WHEELS ASHEVILLE, NC | TO EMPOWER LOCAL COMMUNITY PROGRAMS TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF THE SENIORS THEY SERVE SO THAT NO ONE IS LEFT HUNGRY OR ISOLATED | $100 |
| UNITED WAY OF ASHEVILLE AND BUNCOMBE COUNTY ASHEVILLE, NC | TO REDUCE THE IMPACT OF POVERTY ON PEOPLE'S LIVES AND STRENGTHENS OUR COMMUNITY | $3,850 |
| PISGAH LEGAL SERVICES ASHEVILLE, NC | CASH GIFT | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CINDY M RICE | PRESIDENT | 1 | — |
| KERRY A FRIEDMAN | VICE PRESIDENT | 1 | — |
| RICHARD S DANIELS | SECRETARY/TREASURER | 1 | — |
Frequently Asked Questions
Where does Psrm Foundation operate?
Psrm Foundation has awarded grants in North Carolina, New York.
What size grants does Psrm Foundation award?
In 2023, Psrm Foundation awarded 3 grants totaling $4K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Psrm Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Psrm Foundation reported a distributable amount of $143 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Psrm Foundation's EIN?
Psrm Foundation's EIN (Employer Identification Number) is 56-6074652. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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