The Edward M Armfield Sr Foundation I
The Edward M Armfield Sr Foundation I is a private family foundation based in Greensboro, North Carolina. Established in 2000, the foundation manages substantial assets to support philanthropic initiatives primarily across the Carolinas and surrounding regions. The foundation operates with a small staff and is governed by a board of directors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$46.4M
-13.3% YoY
Annual Giving
$2.3M
-20.3% YoY
Grant Count
57
-10.9% YoY
Avg Grant Size
$41K
-10.5% YoY
Under IRS private-foundation payout rules, The Edward M Armfield Sr Foundation I reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary giving focuses on education and human services. Within education, the foundation emphasizes:
- Scholarships and college access programs
- K-12 educational enrichment and innovation
- Arts education and youth enrichment
- Financial literacy and work readiness programs
- STEM education
The foundation also supports programs that address equity in education and serve underserved student populations.
Grantmaking
The foundation maintains a scholarship application window for individual applicants. Specific application procedures for organizational grants are not detailed in available sources.
Grant Range
s & Patterns:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- North Carolina (primary focus, particularly Guilford, Randolph, and Surry counties)
- South Carolina
- Virginia
The foundation also supports initiatives in other states including Alabama, California, Georgia, Maryland, Pennsylvania, Tennessee, Utah, and West Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $53.5 million
- Total Revenues: $2.6 million
- Total Expenses: $1.7 million
- Total Liabilities: $13.7 million
- Number of Employees: 2
Investment Strategy: The foundation invests in state bonds to generate consistent income for funding scholarships and grants.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $46,433,925 | $53,543,121 | $51,338,483 |
| Revenue | $6,809,951 | $2,592,654 | $4,850,821 |
| Expenses | $3,756,504 | $-1,722,988 | $33,662,907 |
| Qualifying Distributions | $2,674,938 | $3,253,514 | $3,832,251 |
| Net Investment Income | $6,486,536 | $780,408 | $3,491,450 |
| Distributable Amount | $2,355,230 | $2,483,396 | $2,417,470 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Shifted ($500,000), Davidson College ($200,000), Unc - Carolina College Advising Corps ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTION GREENSBORO GREENSBORO, NC | OPERATIONAL SUPPORT, CAMPUS GSO, BUILD S.M.A.R.T COMMS CAPAIGN | $75,000 |
| APPALACHIAN STATE UNIVERSITY BOONE, NC | SCHOLARSHIP | $96,291 |
| CAMPBELL UNIVERSITY BUIES CREEK, NC | SCHOLARSHIP | $12,000 |
| CENTER FOR CREATIVE LEADERSHIP GREENSBORO, NC | SURRY COUNTY SCHOOLS LEADERSHIP INITIATIVE | $80,000 |
| CHILDREN'S HOME SOCIETY OF NORTH CAROLINA GREENSBORO, NC | STRATEGIC PLAN IMPLEMENTATION | $25,000 |
| CITY OF ASHEBORO ASHEBORO, NC | ZOO CITY SPORTS COMPLEX | $40,000 |
| COASTAL CAROLINA UNIVERSITY CONWAY, SC | SCHOLARSHIP | $12,500 |
| COMMUNITIES IN SCHOOLS GREENSBORO, NC | GRANT | $187,500 |
| DAVIDSON COLLEGE DAVIDSON, NC | GRANT DAVIDSON TRUST | $200,000 |
| DAVIDSON COLLEGE DAVIDSON, NC | SCHOLARSHIP | $3,750 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Adair P. Armfield — Chair of the Foundation Board
- Mindy Oakley — Executive Director
- Diana Hedgspeth — Scholarship Coordinator & Bookkeeper
- Board Members: Phifer Crute, James C.B. Hancock, R. David Sprinkle, Laura Armfield Cannon
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADAIR P ARMFIELD | DIRECTOR | 2 | $6,000 |
| PHIFER CRUTE | DIRECTOR | 2 | $6,000 |
| JAMES C B HANCOCK | DIRECTOR | 2 | $6,000 |
| R DAVID SPRINKLE | DIRECTOR | 2 | $6,000 |
| MELINDA W OAKLEY | OFFICER | 40 | $147,302 |
| LAURA ARMFIELD CANNON | DIRECTOR | 2 | $6,000 |
Recent News & Activity
Recent developments and announcements
**2023:** The foundation pledged $2.5 million over five years to shift_ed to provide Armfield Acceleration Grants of $1,250 per year to full Pell-eligible college students from Guilford County Schools.
HCH Foundation awarded $1 million grant from Armfield Foundation | News |**2021:** Awarded $150,000 to Junior Achievement of the Triad to fund kindergarten through fifth grade programs in Randolph and Guilford Counties.
**2021:** Awarded $25,000 to GreenHill Center for North Carolina Art to support an online arts curriculum serving approximately 3,500 students in Title 1 elementary schools.
**Recent:** HCH Foundation received $1 million grant from the Armfield Foundation.
HCH Foundation awarded $1 million grant from Armfield Foundation | News |**Ongoing:** The foundation maintains an active scholarship program, with multiple scholarship recipients announced annually.
Armfield Foundation opens scholarship application window | Lifestyles | mtairynews.comContact Information
Address: 324 W Wendover Ave, Suite 130, Greensboro, NC 27408
Phone: 336-273-7519
Website: armfieldfdn.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Edward M Armfield Sr Foundation I fund?
The foundation's primary giving focuses on **education** and **human services**. Within education, the foundation emphasizes: • Scholarships and college access programs • K-12 educational enrichment and innovation • Arts education and youth enrichment • Financial literacy and work readiness programs • STEM education The foundation also supports programs that address equity in education and serve underserved student populations.
How do I apply for a grant from The Edward M Armfield Sr Foundation I?
**Grant Sizes & Patterns:** • Typical awards range from $500 to $500,000 • Recent major grants include: • $2.5 million pledged over five years to shift_ed for college grants to Guilford County Schools graduates • $500,000 to Shift Education for the Carolina College Advising Corps • $200,000 each to Guilford College and Davidson College • $150,000 to Junior Achievement of the Triad • $1 million to HCH Foundation • $25,000 to GreenHill Center for North Carolina Art **Annual Giving:** • Total givi…
Where does The Edward M Armfield Sr Foundation I make grants?
The foundation primarily funds organizations in: • **North Carolina** (primary focus, particularly Guilford, Randolph, and Surry counties) • **South Carolina** • **Virginia** The foundation also supports initiatives in other states including Alabama, California, Georgia, Maryland, Pennsylvania, Tennessee, Utah, and West Virginia.
What size grants does The Edward M Armfield Sr Foundation I award?
In 2024, The Edward M Armfield Sr Foundation I awarded 57 grants totaling $2.3M — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is The Edward M Armfield Sr Foundation I required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Edward M Armfield Sr Foundation I reported a distributable amount of $2.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Edward M Armfield Sr Foundation I's EIN?
The Edward M Armfield Sr Foundation I's EIN (Employer Identification Number) is 56-2156876. IRS Form 990 filing data is available on this page for 2020–2024.
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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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