The Rostan Family Foundation is a private family foundation established in 1995 and based in Valdese, North Carolina. The foundation operates as a grantmaking organization focused on philanthropic and educational initiatives, primarily serving North Carolina communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.1M
-2.6% YoY
Annual Giving
$623K
-2.7% YoY
Grant Count
32
-3.0% YoY
Avg Grant Size
$19K
+0.3% YoY
Under IRS private-foundation payout rules, Rostan Family Foundation reported a distributable amount of $687K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Faith-based and Christian nonprofit support
- Church repairs and religious organizations
- Community development and heritage preservation
Grantmaking
The foundation contributed $640,000 toward Lakeside Park development in Valdese, allocated as $300,000 for land acquisition and $340,000 for amenities.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in North Carolina, with particular emphasis on Burke County and the Valdese area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $8,062,299
- Total revenues: $454,745
- Total expenses: $671,640
- Investment income and dividends: $292,102
- Net gain from sale of non-inventory assets: $162,643
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,062,299 | $8,279,194 | $8,515,126 |
| Revenue | $454,745 | $443,881 | $45,480 |
| Expenses | $671,640 | $679,813 | $695,361 |
| Qualifying Distributions | $628,352 | $645,220 | $646,200 |
| Net Investment Income | $417,074 | $409,292 | $242,136 |
| Distributable Amount | $686,932 | $624,440 | $642,402 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
154 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Burke United Christian Ministries ($113,000), Town of Valdese ($100,000), Presbytery of Western North Carolina ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A BETTER LIFE ANIMAL RESCUE INC MORGANTON, NC | PHILANTHROPIC | $5,000 |
| BLUE RIDGE COMMUNITY ACTION MORGANTON, NC | PHILANTHROPIC | $10,000 |
| BURKE COUNCIL ON ALCOHOLCHEM DEPENDENCY MORGANTON, NC | PHILANTHROPIC | $25,000 |
| BURKE UNITED CHRISTIAN MINISTRIES MORGANTON, NC | PHILANTHROPIC | $113,000 |
| CATAWBA RIVERKEEPER FOUNDATION INC MCADENVILLE, NC | PHILANTHROPIC | $20,000 |
| COMMUNITY FOUNDATION OF BURKE COUNTY MORGANTON, NC | PHILANTHROPIC | $10,000 |
| EAST BURKE CHRISTIAN MINISTRIES HILDEBRAN, NC | PHILANTHROPIC | $10,000 |
| FOOTHILLS CONSERVANCY OF NC INC MORGANTON, NC | PHILANTHROPIC | $25,000 |
| GOOD SAMARITAN CLINIC MORGANTON, NC | PHILANTHROPIC | $15,000 |
| HISTORIC BURKE FOUNDATION INC MORGANTON, NC | PHILANTHROPIC | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES H ROSTAN | DIRECTOR/PRESIDENT | 10 | — |
| JOHN P ROSTAN III | VP/TREASURER | 10 | — |
| JOHN MARK ROSTAN | VP/SECRETARY | 10 | — |
Contact Information
Address: PO Box 970 Valdese, NC 28690-0970
Phone: 828-874-7000
EIN: 56-1901626
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Rostan Family Foundation fund?
The foundation's primary focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Faith-based and Christian nonprofit support • Church repairs and religious organizations • Community development and heritage preservation
How do I apply for a grant from Rostan Family Foundation?
**Grant Activity:** • Made 19 grants in 2024 totaling $623,100 • Typical grant awards range from $1,500 to $130,000 • Recent notable grants (2024): • Burke United Christian Ministries: $113,000 • Presbytery of Western North Carolina: $50,000 • Historic Valdese Foundation: $50,000 • Community Foundation of Burke County: grant recipient **Major Community Investment:** The foundation contributed $640,000 toward Lakeside Park development in Valdese, allocated as $300,000 for land acquisition and $3…
Where does Rostan Family Foundation make grants?
The foundation primarily funds organizations in North Carolina, with particular emphasis on Burke County and the Valdese area.
What size grants does Rostan Family Foundation award?
In 2024, Rostan Family Foundation awarded 32 grants totaling $623K — an average of about $19K per grant, based on its IRS Form 990 filings.
How much is Rostan Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rostan Family Foundation reported a distributable amount of $687K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rostan Family Foundation's EIN?
Rostan Family Foundation's EIN (Employer Identification Number) is 56-1901626. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rostan Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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