The Hedrick Family Foundation
The Hedrick Family Foundation is a private foundation based in Salisbury, North Carolina, established in 1996. The foundation operates as a 501(c)(3) charitable organization with a primary focus on supporting charitable causes through grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$957K
+44.7% YoY
Annual Giving
$222K
-15.4% YoY
Grant Count
75
+7.1% YoY
Avg Grant Size
$3K
-21.1% YoY
Under IRS private-foundation payout rules, The Hedrick Family Foundation reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated purpose is to support the Rock the Quarry benefit run, which brings the community together to celebrate good health through a foot race mission. However, the Rock the Quarry benefit run was not held in 2024. In response to Hurricane Helene's destruction, the foundation held a special fundraiser to assist the Black Mountain Home for Children with their rebuilding efforts.
The foundation's primary funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Nonprofit Human Services
- Reproductive Health
- Nursing Home Services
Grantmaking
All grants are designated for "Charitable Use," representing general purpose grantmaking.
Average Grant
amount varies by year
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Geographic Focus
Where this funder awards grants
The foundation primarily funds charitable organizations in North Carolina, South Carolina, and Virginia. Recent grant activity shows a concentration in the Asheville and Black Mountain areas of North Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $956,646
- Total Revenues: $516,914
- Total Expenses: $221,557
- Total Giving: $221,550
Historical Data (2023):
- Total Assets: $661,289
- Total Revenues: $437,648
- Total Expenses: $273,651
- Total Giving: $262,000
Giving Rate: Approximately 45.2% of assets distributed annually
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $956,646 | $661,289 | $497,292 |
| Revenue | $516,914 | $437,648 | $380,016 |
| Expenses | $221,557 | $273,651 | $216,466 |
| Qualifying Distributions | $221,550 | $262,000 | $212,195 |
| Net Investment Income | $27,409 | $539 | $117 |
| Distributable Amount | $42,781 | $33,253 | $23,177 |
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 Black Mountain Home for Children ($52,800), Asheville Museum of Science ($21,000), Bethel Church of Midland ($15,800).
| Recipient | Purpose | Amount |
|---|---|---|
| ABCCM ASHEVILLE, NC | CHARITABLE USE | $1,000 |
| AMS COUGAR ATHLETIC BOOSTER APEX, NC | CHARITABLE USE | $1,000 |
| ANSON COUNTY COOPERATIVE EXTENSION WADESBORO, NC | CHARITABLE USE | $1,500 |
| ANSON COUNTY HISTORICAL SOCIETY WADESBORO, NC | CHARITABLE USE | $100 |
| APPALACHIAN ARCHERS MAIRON, NC | CHARITABLE USE | $1,000 |
| AQUADALE ELEMENTARY SCHOOL NORWOOD, NC | CHARITABLE USE | $1,000 |
| ASBURY ACADEMY LINCOLNTON, NC | CHARITABLE USE | $1,000 |
| ASHEVILLE AREA HABITAT FOR HUMMANIT ASHEVILLE, NC | CHARITABLE USE | $1,000 |
| ASHEVILLE BUNCOMBE REGIONAL SPORT ASHEVILLE, NC | CHARITABLE USE | $6,500 |
| ASHEVILLE CATHOLIC SCHOOL ASHEVILLE, NC | CHARITABLE USE | $5,000 |
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 | PRESIDENT | — | — |
| JANE B ARNOLD | VP & TREASUR | — | — |
| F JOANNE JOHNSON | SECRETARY | — | — |
| ARTHUR L HATTAWAY JR | ASSISTANT SE | — | — |
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 Hedrick Family Foundation fund?
The foundation's stated purpose is to support the Rock the Quarry benefit run, which brings the community together to celebrate good health through a foot race mission. However, the Rock the Quarry benefit run was not held in 2024. In response to Hurricane Helene's destruction, the foundation held a special fundraiser to assist the Black Mountain Home for Children with their rebuilding efforts. The foundation's primary funding focus areas include: • Education • Philanthropy, Voluntarism & Grant…
How do I apply for a grant from The Hedrick Family Foundation?
**Grant Activity:** • Made 64 grants in 2024 • Typical grant awards range from $100 to $103,000 • Median grant amount: $3,256 • Average grant amount varies by year **Recent Grants (2024):** • Black Mountain Home for Children Youth and Families: $52,800 (Charitable Use) • Asheville Museum of Science (AMOS): $21,000 (Charitable Use) • Asheville-Buncombe Regional Sports Commission: $6,500 (Charitable Use) **Grant Type:** All grants are designated for "Charitable Use," representing general purpose …
Where does The Hedrick Family Foundation make grants?
The foundation primarily funds charitable organizations in North Carolina, South Carolina, and Virginia. Recent grant activity shows a concentration in the Asheville and Black Mountain areas of North Carolina.
What size grants does The Hedrick Family Foundation award?
In 2024, The Hedrick Family Foundation awarded 75 grants totaling $222K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Hedrick Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hedrick Family Foundation reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hedrick Family Foundation's EIN?
The Hedrick Family Foundation's EIN (Employer Identification Number) is 56-1994087. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Hedrick Family Foundation'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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