PSRM Foundation
PSRM Foundation is a private foundation, based in Asheville, NC. IRS filing data is available from 2019 through 2023. In 2023, it awarded 3 grants totaling $4K.
PSRM Foundation at a glance
In short: PSRM Foundation gave $4K across 3 grants in 2023 (avg $1K), mostly in North Carolina. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $4,250
- +0.0% vs 2022
- Grants made (2023)
- 3
- +0.0% vs 2022
- Average grant
- $1,417
- +0.0% vs 2022
- Median grant
- $300
- Primary geography
- North Carolina (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who PSRM Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
The largest 2023 recipient was United Way of Asheville and Buncombe County ($4K). Together the top 3 received $4K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 3 itemized grants.
States
Cities
How PSRM Foundation gives
- Giving held roughly steady from 2020 to 2023 (+0%). Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $4K (2020) to $5K (2019). In 2023 it made 3 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2023 | — | $3,000 | $5,178 | $4,250 | 3 | $4,250 | $143 |
| 2022 | $2,178 | — | $4,250 | $4,250 | 3 | $4,250 | $218 |
| 2021 | $6,428 | $10,000 | $4,650 | $4,650 | 4 | — | $162 |
| 2020 | $1,078 | $2,000 | $4,250 | $4,250 | 3 | — | $104 |
| 2019 | $3,328 | — | $5,129 | $5,129 | 6 | — | $281 |
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.
Leadership & Key People
Officers and directors from IRS filings
PSRM Foundation is led by Cindy M. Rice, President on every filing since 2019; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Cindy M. Rice
President
On filings since 2019
1 hr/week
No compensation reported
Kerry A. Friedman
Vice President
On filings since 2019
1 hr/week
No compensation reported
Richard S. Daniels
Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (2)
- Former: Brian D. Gulden (2019) — Vice President
- Former: Mark C. Martin (2019) — Vice President
Data from IRS Form 990 filings, 2019–2023. "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 PSRM Foundation
How much does PSRM Foundation give each year?
PSRM Foundation gave $4K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $4K across 3 grants.
What is PSRM Foundation's typical grant size?
PSRM Foundation's median grant in 2023 was $300, and its average grant was $1,417, across 3 grants on its 2023 IRS Form 990-PF.
Where does PSRM Foundation give grants?
PSRM Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Asheville, NC (3 grants).
Does PSRM Foundation give general operating support?
Not in 2023: none of the 3 grants with a stated purpose on PSRM Foundation's 2023 IRS Form 990-PF were described as general or operating support.
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 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 26, 2020)
- IRS filings on file for fiscal years 2020–2023
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