The Howe Foundation Inc

CHERRYVILLE, NC EIN: 56-6070727 Website

The Howe Foundation Inc is a private foundation established in 1966 and located in Cherryville, North Carolina. It operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic giving across multiple sectors. The foundation's address is 806 Hawthorne Street, Cherryville, NC 28021-3521.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.3M

-5.3% YoY

Annual Giving

$106K

+7.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

+7.1% YoY

Under IRS private-foundation payout rules, The Howe Foundation Inc reported a distributable amount of $138K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports organizations involved in the following areas:

Arts and Culture
Education (elementary, secondary, and higher education)
Human Services
Religion (particularly Christianity)
People with Disabilities (including those with intellectual and psychosocial disabilities)

The foundation primarily funds donee organizations in and around North Carolina and Virginia, with investment gains extracted to support schools and charitable causes.

Grantmaking

The foundation made 47 grants in the most recent fiscal year (ending October 2024), totaling $105,800 in giving. Recent grant recipients include:

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Geographic Focus

Where this funder awards grants

The foundation provides funding to organizations across multiple states, including:

North Carolina
South Carolina
Virginia
Missouri
Massachusetts

Grant Distribution by State

North Carolina $346K (90%)

Virginia $34K (9%)

Missouri $3K (1%)

Louisiana $1K (0%)

Massachusetts $1K (0%)

South Carolina $1K (0%)

States

Louisiana Massachusetts Missouri North Carolina South Carolina Virginia

Cities

BelmontBooneChapel HillCharlotteCherryvilleCloverDavidsonGastoniaGreensboroGreenvilleHampden SydneyKansas CityLaurinburgLexingtonLynchburgMcadenvilleNew OrleansRaleighSweet BriarWilliamstown

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending October 2024:

Total Assets: $2,267,910
Total Revenue: $4,808
Total Expenses: $130,765
Net Income: -$125,957
Total Liabilities: $0

Contact Information:

Telephone: 704-864-8311

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,267,910	$2,393,867	$2,395,323
Revenue	$4,808	$117,709	$111,007
Expenses	$130,765	$119,165	$112,743
Qualifying Distributions	$107,400	$100,325	$92,825
Net Investment Income	$50,191	$101,042	$92,890
Distributable Amount	$137,919	$115,382	$117,557

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

148 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Gaston Community Foundation ($22,500), Samaritan's Purse ($10,000), Carolina Thread Trail ($5,000).

Recipient	Purpose	Amount
BELMONT CENTRAL ELEMENTARY SCHOOL BELMONT, NC	DONEE ORGANIZATION	$1,000
BELMONT MIDDLE SCHOOL BELMONT, NC	DONEE ORGANIZATION	$1,000
BETHEL CEMETERY ASSOCIATION CLOVER, SC	DONEE ORGANIZATION	$500
BOYS & GIRLS CLUB OF GASTON GASTONIA, NC	DONEE ORGANIZATION	$2,000
CAROLINA THREAD TRAIL CHARLOTTE, NC	DONEE ORGANIZATION	$5,000
CAROLINA WOMEN'S LEADERSHIP COUNCIL CHAPEL HILL, NC	DONEE ORGANIZATION	$750
CAROMONT HEALTH FOUNDATION GASTONIA, NC	DONEE ORGANIZATION	$5,000
CATAWBA HEIGHTS ELEMENTARY SCHOOL BELMONT, NC	DONEE ORGANIZATION	$1,000
CHARLOTTE COMMUNITY HEALTH CLINIC CHARLOTTE, NC	DONEE ORGANIZATION	$500
CHARLOTTE COUNTRY DAY SCHOOL CHARLOTTE, NC	DONEE ORGANIZATION	$2,500

Leadership & Key People

Leadership team and compensation from IRS filings

William Howe serves as chair of the foundation and does so without compensation.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WILLIAM HOWE	TREASURER	5	—

Frequently Asked Questions

What does The Howe Foundation Inc fund?

The foundation supports organizations involved in the following areas: • **Arts and Culture** • **Education** (elementary, secondary, and higher education) • **Human Services** • **Religion** (particularly Christianity) • **People with Disabilities** (including those with intellectual and psychosocial disabilities) The foundation primarily funds donee organizations in and around North Carolina and Virginia, with investment gains extracted to support schools and charitable causes.

How do I apply for a grant from The Howe Foundation Inc?

The foundation made 47 grants in the most recent fiscal year (ending October 2024), totaling $105,800 in giving. Recent grant recipients include: • Gaston Community Foundation: $22,500 • Samaritan's Purse: $10,000 • The Generals Redoubt: $5,000 Additional grants totaling $62,300 were distributed to 19 other organizations.

Where does The Howe Foundation Inc make grants?

The foundation provides funding to organizations across multiple states, including: • North Carolina • South Carolina • Virginia • Missouri • Massachusetts

What size grants does The Howe Foundation Inc award?

In 2024, The Howe Foundation Inc awarded 53 grants totaling $106K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is The Howe Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Howe Foundation Inc reported a distributable amount of $138K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.