Rug & Home Foundation Inc

Foundation · Grantmaker Asheville, NC EIN: 20-5173857

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.

Key facts about Rug & Home Foundation Inc

EIN: 20-5173857
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $10,500
Grants made (2024): 3
Average grant: $3,500
Median grant: $3,000
Total assets: $24,671
Primary geography: South Carolina (71% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Rug & Home Foundation Inc funds

By grant dollars, the top recipient states for Rug & Home Foundation Inc's 3 itemized 2024 grants were South Carolina (71%) and North Carolina (29%). None of its 3 grants with a stated purpose were described as general or operating support.

How Rug & Home Foundation Inc gives

Giving fell 82% from 2021 to 2024. Method
In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$25K

+1752.2% YoY

Annual Giving

$11K

-15.7% YoY

Grant Count

-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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $8K (71%)

North Carolina $3K (29%)

Share of all 3 itemized 2024 grant dollars.

States

Georgia North Carolina South Carolina

Cities

RaleighGreenvilleHendersonvilleAshevilleClydeAtlantaFlat RockFountain InnGaffneyHendersonMariettaMauldin

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include Providence Baptist Church ($5,000), Nciap ($3,000), India Associate of Greenville ($2,500).

Recipient	Purpose	Amount
PROVIDENCE BAPTIST CHURCH Gaffney, SC	SCHOLARSHIP IN MEMORY OF BRUCE MCCRAW	$5,000
NCIAP Raleigh, NC	DONATION	$3,000
INDIA ASSOCIATE OF GREENVILLE Greenville, SC	DONATION	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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

Philanthropy, Voluntarism & Grantmaking

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.