Rug & Home Foundation Inc
Rug & Home Foundation Inc is a private foundation, based in Asheville, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2K in total assets. In 2025, it awarded 4 grants totaling $58K.
Rug & Home Foundation Inc at a glance
In short: Rug & Home Foundation Inc gave $58K across 4 grants in 2025 (avg $15K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $58,000
- +452.4% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $14,500
- +314.3% vs 2024
- Median grant
- $15,500
- Total assets
- $2,371
- -90.4% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Rug & Home Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Memory Care ($25K). Together the top 4 received $58K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Rug & Home Foundation Inc gives
- Giving grew 111% from 2022 to 2025. Method
- In 2025 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 2020 to 2025, annual grant giving ranged from $11K (2024) to $58K (2025). In 2025 it made 4 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memory Care Asheville, NC | Donation | $25,000 |
| Center for Conscious Living & Dying Swannanoa, NC | Donation | $25,000 |
| Nciap Raleigh, NC | Donation | $6,000 |
| Veterans Healing Farm Hendersonville, NC | Donation | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,371 | $35,000 | $57,300 | $58,000 | 4 | $57,300 | — | $417 |
| 2024 | $24,671 | $35,000 | $11,661 | $10,500 | 3 | $11,661 | — | $466 |
| 2023 | $1,332 | $8 | $15,811 | $12,450 | 5 | $14,453 | — | $15,850 |
| 2022 | $17,142 | $10,015 | $30,411 | $27,500 | 8 | $27,500 | $15 | $81 |
| 2021 | $38,561 | $50,364 | $60,268 | $57,182 | 4 | $57,182 | $4 | $146 |
| 2020 | $48,465 | $50,009 | $37,663 | $35,000 | 5 | — | $9 | $2,319 |
Under IRS private-foundation payout rules, Rug & Home Foundation Inc reported a distributable amount of $417 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Rug & Home Foundation Inc is led by Rakesh Agarwal, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rakesh Agarwal
President
On filings since 2020
0.2 hrs/week
No compensation reported
Aanchal A Gupta
Treasurer
On filings since 2020
0.2 hrs/week
No compensation reported
Vinita Agarwal
Secretary
Vice President & Secretary → Secretary, 2024
On filings since 2020
0.2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Rug & Home Foundation Inc
How much does Rug & Home Foundation Inc give each year?
Rug & Home Foundation Inc gave $58K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 3 grants.
What is Rug & Home Foundation Inc's typical grant size?
Rug & Home Foundation Inc's median grant in 2025 was $15,500, and its average grant was $14,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Rug & Home Foundation Inc give grants?
Rug & Home Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Rug & Home Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Rug & Home Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (4 grants).
How large is Rug & Home Foundation Inc?
Rug & Home Foundation Inc reported $2K in total assets on its 2025 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $417 (roughly 5% of its investment assets).
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 28, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Live grants for the work Rug & Home Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Rug & Home Foundation Inc's focus areas in our free grants database
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