ESTABLISHED IN 2022, THE GEM FUND IS THE PHILANTHROPIC ARM OF AAUW- ASHEVILLE; ITS PURPOSE IS TO RAISE FUNDS FOR SCHOLARSHIPS FOR WOMEN IN WESTERN NORTH CAROLINA WHOSE COLLEGE EDUCATION WAS INTERRUPTED OR POSTPONED.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$559K
+6.6% YoY
Annual Giving
$46K
+53.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$23K
+53.3% YoY
About The Gem Fundthe Aauw Asheville
Based on IRS filings
The Gem Fundthe Aauw Asheville is a nonprofit organization focused on Education, based in ARDEN, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $559K in total assets. In 2025, it awarded 2 grants totaling $46K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $559,391 | $524,818 | $451,337 |
| Revenue | $51,285 | $91,623 | $38,831 |
| Expenses | $55,587 | $43,106 | $24,780 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,355 | $35,714 | — |
| 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 2 recipients in 2025
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Unc Asheville ($31,000), Ab-tech ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNC ASHEVILLE ASHEVILLE, NC | — | $31,000 |
| AB-TECH ASHEVILLE, NC | — | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAT ASHE | PRESIDENT | 5 | — |
| DEB FULTON-HELMER | SECRETARY | 3 | — |
| BA SCHENK | DIRECTOR | 1 | — |
| BETSY KIRK | DIRECTOR | 1 | — |
| MILLIE MASSEY | DIRECTOR | 1 | — |
| TINA GARRETT | DIRECTOR | 1 | — |
| LOIS SUTTON | TREASURER | 6 | — |
| JEANNE SMOLKIN | PRESIDENT | 1 | — |
| SUSAN IKERD | PAST PRESIDE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Gem Fundthe Aauw Asheville?
The Gem Fundthe Aauw Asheville is a nonprofit organization focused on Education, based in ARDEN, NC. It holds $559K in total assets as of 2025.
How large is The Gem Fundthe Aauw Asheville?
As of 2025, The Gem Fundthe Aauw Asheville holds $559K in total assets with $51K in annual revenue. It awarded 2 grants totaling $46K in 2025.
Where does The Gem Fundthe Aauw Asheville operate?
The Gem Fundthe Aauw Asheville has awarded grants in North Carolina.
What size grants does The Gem Fundthe Aauw Asheville award?
In 2025, The Gem Fundthe Aauw Asheville awarded 2 grants totaling $46K — an average of about $23K per grant, based on its IRS Form 990 filings.
What is The Gem Fundthe Aauw Asheville's EIN?
The Gem Fundthe Aauw Asheville's EIN (Employer Identification Number) is 33-1023655. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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