The Foundation of Firsthealth Inc

Foundation · Grantmaker PINEHURST, NC EIN: 51-0191937 Website

PROVIDE PHILANTHROPIC SUPPORT TO FIRSTHEALTH OF THE CAROLINAS, INC., A HEALTHCARE SYSTEM EXEMPT FROM INCOME TAX UNDER IRS SECTION 501C(3) AND 170(B)(1)(A)(III).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$98.3M

+14.3% YoY

Annual Giving

$10.5M

-11.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10.5M

-11.4% YoY

About The Foundation of Firsthealth Inc

Based on IRS filings

The Foundation of Firsthealth Inc is a nonprofit organization, based in PINEHURST, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $98.3M in total assets. In 2024, it awarded 1 grants totaling $10.5M. Net investment income was $3.2M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $36.1M (100%)

States

North Carolina

Cities

Pinehurst

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$98,272,778	$86,011,648	$84,024,548
Revenue	$11,551,900	$10,335,371	$15,308,548
Expenses	$12,350,253	$13,821,102	$7,961,615
Qualifying Distributions	—	—	—
Net Investment Income	$3,164,268	$4,717,856	$10,802,342
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Firsthealth of the Carolinas Inc ($10,483,085).

Recipient	Purpose	Amount
FIRSTHEALTH OF THE CAROLINAS INC PINEHURST, NC	MEDICAL EQUIPMENT, HEALTH EDUCATION, HEALTH CARE SERVICES	$10,483,085

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Dr Daniel Barnes	Member	49	—
Kathy Stockham	Foundation President	50	—
Mickey Foster	FHC President & CEO	49	—
Amy Crabtree	Member	1	—
Art Medeiros	Chair (thru 12/31/2023) Past Chair (as of 1/1/2024)	1	—
Brian Smith	Asst. Secretary (as of 1/1/2024)	1	—
Cathy Schlaff	Secretary	1	—
Cindy Goodman	Member	1	—
Connie Fensterstock	Member	1	—
Dr Art Edgerton	Member	1	—
Dr John Ellis	Treasurer	1	—
Dr Matt Harmody	Member (as of 1/1/2024)	1	—
Dr Robert Sponzo	Member	1	—
James J Jackson	Member	1	—
James Obi	Member	1	—
John DeVault	Past Chair (thru 12/31/2023)	1	—
Jude Winkley	Member (as of 1/1/2024)	1	—
Judith Kelley	Member (as of 1/1/2024)	1	—
Karen Fitch	Asst. Secretary (thru 12/31/2023) Chair (as of 1/1/2024)	1	—
Kerry Hensley	Member	1	—
Nancy Kaeser	Member	1	—
Rich Holada	Member	1	—
Robert Bahner	Member	1	—
Robert Lovell	Member	1	—
Ronald Ballard	Asst. Treasurer	1	—
Rusty Welch	Member	1	—
Jeffrey Casey	FHC Corporate CFO	50	—

Frequently Asked Questions

How large is The Foundation of Firsthealth Inc?

As of 2024, The Foundation of Firsthealth Inc holds $98.3M in total assets with $11.6M in annual revenue. It awarded 1 grants totaling $10.5M in 2024.

Where does The Foundation of Firsthealth Inc operate?

The Foundation of Firsthealth Inc has awarded grants in North Carolina.

What size grants does The Foundation of Firsthealth Inc award?

In 2024, The Foundation of Firsthealth Inc awarded 1 grants totaling $10.5M — an average of about $10.5M per grant, based on its IRS Form 990 filings.

What is The Foundation of Firsthealth Inc's EIN?

The Foundation of Firsthealth Inc's EIN (Employer Identification Number) is 51-0191937. IRS Form 990 filing data is available on this page for 2020–2024.