The Goodman Foundation Inc
The Goodman Foundation Inc is a private foundation based in Salisbury, North Carolina. The organization has been tax-exempt since December 1953 and operates as a grantmaking foundation focused on supporting nonprofits across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.4M
-15.8% YoY
Annual Giving
$626K
+2.8% YoY
Grant Count
61
-21.8% YoY
Avg Grant Size
$10K
+31.4% YoY
Under IRS private-foundation payout rules, The Goodman Foundation Inc reported a distributable amount of $550K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Science and STEM Education
- Mental Health
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- North Carolina
- Texas
- South Carolina
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount |
|---|---|
| Total Assets | $11,428,466 |
| Total Giving | $625,800 |
| EIN | 56-6034757 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,428,466 | $13,574,478 | $11,932,120 |
| Revenue | $677,821 | $874,639 | $1,181,410 |
| Expenses | $682,436 | $683,286 | $739,798 |
| Qualifying Distributions | $625,800 | $609,000 | $671,580 |
| Net Investment Income | $224,902 | $408,328 | $724,969 |
| Distributable Amount | $549,940 | $633,018 | $612,809 |
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 Carolina Resource Center for Eating ($78,000), Central United Methodist Church ($55,000), All Souls Counseling Center ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGRICULTURAL DEVELOPMENT FUND FORT WORTH, TX | CHARITABLE USE | $1,000 |
| ALL SOULS COUNSELING CENTER ASHEVILLE, NC | CHARITABLE USE | $40,000 |
| ALZHEIMER'S ASSOCIATION WASHINGTON, DC | CHARITABLE USE | $20,000 |
| ANNUAL GIVING FOR NC STATE RALEIGH, NC | CHARITABLE USE | $10,000 |
| APPALACHIAN REGIONAL HEALTHCARE BOONE, NC | CHARITABLE USE | $15,000 |
| APPALACHIAN STATE UNIVERSITY BOONE, NC | CHARITABLE USE | $5,000 |
| ACS FOUNDATION ASHEVILLE, NC | CHARITABLE USE | $15,000 |
| BLACK MOUNTAIN HOME FOR CHILDREN BLACK MOUNTAIN, NC | CHARITABLE USE | $26,000 |
| BROOKWOOD CHURCH SIMPSONVILLE, SC | CHARITABLE USE | $5,000 |
| BUDDIES PLACE FORT WORTH, TX | CHARITABLE USE | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Jeffrey V Goodman — President
- Jane B Arnold — Vice President & Treasurer
- F Joanne Johnson — Secretary
- Arthur L Hattaway Jr — Assistant Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY V GOODMAN | PRES & TREAS | — | — |
| DOROTHY G SETTLE | SECRETARY | — | — |
| ARTHUR L HATTAWAY JR | ASST. SECRET | — | — |
Contact Information
Address: PO Box 1040, Salisbury, NC 28145
Phone: (704) 633-5982
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Goodman Foundation Inc fund?
The foundation's primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Science and STEM Education • Mental Health
How do I apply for a grant from The Goodman Foundation Inc?
**Grant Amounts:** Typical awards range from $100 to $100,200. **Annual Giving:** The foundation distributed $625,800 in total giving according to recent filings. **Grant Activity:** The foundation maintains an active grantmaking program, though specific details about current grant opportunities and application procedures are not available in the verified sources.
Where does The Goodman Foundation Inc make grants?
The foundation primarily supports organizations in: • North Carolina • Texas • South Carolina
What size grants does The Goodman Foundation Inc award?
In 2024, The Goodman Foundation Inc awarded 61 grants totaling $626K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Goodman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Goodman Foundation Inc reported a distributable amount of $550K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Goodman Foundation Inc's EIN?
The Goodman Foundation Inc's EIN (Employer Identification Number) is 56-6034757. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Goodman Foundation Inc's focus areas in our free grants database
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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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