The Aver Foundation
The Aver Foundation is a private foundation, based in Hendersonville, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $613K in total assets. In 2025, it awarded 7 grants totaling $22K. Net investment income was $18K.
The Aver Foundation at a glance
In short: The Aver Foundation gave $22K across 7 grants in 2025 (avg $3K), top state North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,075
- +10.4% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $3,154
- +10.4% vs 2024
- Median grant
- $3,000
- Total assets
- $612,702
- +16.1% vs 2024
- Primary geography
- North Carolina (27% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Aver Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was National Disability Institute ($5K). Together the top 7 received $22K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How The Aver Foundation gives
- Giving grew 176% from 2022 to 2025. Method
- In 2025 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $5K (2023) to $22K (2025). In 2025 it made 7 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Disability Institute Washington, DC | General Operational Support | $5,000 |
| Davidson College Davidson, NC | General Operational Support | $3,500 |
| Muddy Paws Rescue New York, NY | General Operational Support | $3,075 |
| University of Vermont Foundation Burlington, VT | General Operational Support | $3,000 |
| Denison University Institute Granville, OH | General Operational Support | $3,000 |
| The Free Clinics Hendersonville, NC | General Operational Support | $2,500 |
| Fisher House Foundation Rockville, MD | General Operational Support | $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 | $612,702 | $47,335 | $28,824 | $22,075 | 7 | $24,325 | $17,788 | $27,609 |
| 2024 | $527,668 | $60,093 | $26,317 | $20,000 | 7 | $22,250 | $35,860 | $24,333 |
| 2023 | $471,296 | $1,421 | $10,616 | $5,000 | 1 | $7,100 | $7,258 | $21,675 |
| 2022 | $421,711 | $29,416 | $13,657 | $8,000 | 3 | $10,070 | $25,829 | $22,154 |
| 2021 | $491,609 | $43,139 | $11,565 | $6,000 | 2 | $8,000 | $26,781 | $22,004 |
| 2020 | $417,064 | $-4,186 | $23,970 | $19,000 | 9 | — | $5,839 | $18,604 |
| 2019 | $415,551 | $58,274 | $33,351 | $20,500 | 9 | — | $32,423 | $19,356 |
Under IRS private-foundation payout rules, The Aver Foundation reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Aver Foundation is led by Francis James Gasquet Fitzpatrick, President & Director on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Francis James Gasquet Fitzpatrick
President & Director
On filings since 2019
No compensation reported
Alexandra Cline McArthur
Treasurer & Director
On filings since 2019
No compensation reported
Rebecca Collier French Fitzpatrick
Vice President
Vice President & Director → Vice President, 2020
On filings since 2019
No compensation reported
Sarah Whittredge French
Vice President
Vice President, Secretary & D → Vice President, 2020
On filings since 2019
No compensation reported
William Owen Charles Fitzpatrick
Vice President
Vice President & Director → Vice President, 2020
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 The Aver Foundation
How much does The Aver Foundation give each year?
The Aver Foundation gave $22K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 7 grants.
What is The Aver Foundation's typical grant size?
The Aver Foundation's median grant in 2025 was $3,000, and its average grant was $3,154, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Aver Foundation give grants?
The Aver Foundation's top state is North Carolina, with 27% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were District of Columbia (23%) and New York (14%).
Does The Aver Foundation give general operating support?
Yes: 100% of The Aver Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Aver Foundation's largest grantees?
The Aver Foundation's largest 2025 grantees include National Disability Institute ($5,000), Davidson College ($3,500) and Muddy Paws Rescue ($3,075), according to its 2025 IRS Form 990-PF. Together they received 52% of its itemized 2025 grant dollars.
How large is The Aver Foundation?
The Aver Foundation reported $613K in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Aver Foundation's EIN?
The Aver Foundation's EIN (Employer Identification Number) is 82-3616415. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
Live grants for the work The Aver Foundation funds
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