Rug & Home Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 3 grants totaling $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25K
+1752.2% YoY
Annual Giving
$11K
-15.7% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$4K
+40.6% YoY
Under IRS private-foundation payout rules, Rug & Home Foundation Inc reported a distributable amount of $466 for 2024 — the minimum it must pay out in qualifying distributions.
About Rug & Home Foundation Inc
Based on IRS filings
Rug & Home Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 3 grants totaling $11K.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,671 | $1,332 | $17,142 |
| Revenue | $35,000 | $8 | $10,015 |
| Expenses | $11,661 | $15,811 | $30,411 |
| Qualifying Distributions | $11,661 | $14,453 | $27,500 |
| Net Investment Income | — | — | $15 |
| Distributable Amount | $466 | $15,850 | $81 |
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 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Providence Baptist Church ($5,000), Nciap ($3,000), India Associate of Greenville ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| NCIAP RALEIGH, NC | DONATION | $3,000 |
| PROVIDENCE BAPTIST CHURCH GAFFNEY, SC | SCHOLARSHIP IN MEMORY OF BRUCE MCCRAW | $5,000 |
| INDIA ASSOCIATE OF GREENVILLE GREENVILLE, SC | DONATION | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAKESH AGARWAL | PRESIDENT | 0.2 | — |
| VINITA AGARWAL | SECRETARY | 0.2 | — |
| AANCHAL GUPTA | TREASURER | 0.2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rug & Home Foundation Inc?
Rug & Home Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $25K in total assets as of 2024.
How large is Rug & Home Foundation Inc?
As of 2024, Rug & Home Foundation Inc holds $25K in total assets with $35K in annual revenue. It awarded 3 grants totaling $11K in 2024.
Where does Rug & Home Foundation Inc operate?
Rug & Home Foundation Inc has awarded grants in Georgia, North Carolina, South Carolina.
What size grants does Rug & Home Foundation Inc award?
In 2024, Rug & Home Foundation Inc awarded 3 grants totaling $11K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Rug & Home Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rug & Home Foundation Inc reported a distributable amount of $466 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rug & Home Foundation Inc's EIN?
Rug & Home Foundation Inc's EIN (Employer Identification Number) is 20-5173857. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Rug & Home 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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