The Midgard Foundation
The Midgard Foundation is a private foundation based in Asheville, North Carolina. In 2024, it made 21 grants totaling $271,000, primarily to organizations in North Carolina.
The Midgard Foundation at a glance
In short: The Midgard Foundation gave $271K across 21 grants in 2024 (avg $13K), mostly in North Carolina. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $271,000
- +54.4% vs 2023
- Grants made (2024)
- 21
- +23.5% vs 2023
- Average grant
- $12,905
- +25.0% vs 2023
- Median grant
- $3,000
- Total assets
- $2,364,390
- +32.6% vs 2023
- New grantees (estimate)
- 33% first-time grantees (7 of 21, 2024; small sample)
- Primary geography
- North Carolina (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Midgard Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: PO Box 7286, Asheville, NC 28802
Phone: (828) 230-9102
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Midgard Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Manna Food Bank ($75K). Together the top 10 received $249K.
Grant Size Distribution
103 grants across all recorded years
The most common grant size was under $50K: 100 grants of 103 (97%).
Geographic Focus
Where this funder awards grants
In 2024, 89% of grant dollars went to recipients in North Carolina. Other recipient states were Massachusetts (5%), Connecticut (2%), Florida (1%), and New Hampshire (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
Cities
Is The Midgard Foundation open to new grantees?
33%
first-time grantees, 2024
In 2024, 7 of 21 grantees (33%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $8K; repeat grants $16K. How we count
Medians: $3K first-time, $5K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving grew 59% from 2021 to 2024. Method
- In 2024 it paid out 131% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $135K (2020) to $271K (2024). In 2024 it made 21 grants totaling $271K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Manna Food Bank Asheville, NC | Operational Support | $75,000 |
| Pisgah Legal Service Asheville, NC | Operational Support | $75,000 |
| UNCA Asheville Asheville, NC | Operational Support | $40,000 |
| Meals on Wheels of Buncombe County Asheville, NC | Operational Support | $15,000 |
| Asheville Humane Society Asheville, NC | Operational Support | $10,000 |
| Beloved Asheville Asheville, NC | Operational Support | $10,000 |
| Warren Wilson College Asheville, NC | Operational Support | $10,000 |
| African Aquatic Conservation Fund Chilmark, MA | Operational Support | $5,000 |
| Neighbors In Need Lawrence, MA | Operational Support | $5,000 |
| YMCA Northeastern Massachusetts Lawrence, MA | Operational Support | $3,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,364,390 | $649,882 | $288,640 | $271,000 | 21 | $284,266 | $648,208 | $216,475 |
| 2023 | $1,783,251 | $147,487 | $189,098 | $175,500 | 17 | $184,868 | $146,561 | $185,893 |
| 2022 | $1,824,862 | $219,547 | $190,451 | $180,000 | 21 | $183,085 | $218,643 | $186,011 |
| 2021 | $1,795,766 | $446,533 | $183,424 | $170,000 | 23 | $179,563 | $445,551 | $188,619 |
| 2020 | $1,532,657 | $145,471 | $141,357 | $134,500 | 21 | — | $144,564 | $159,069 |
Under IRS private-foundation payout rules, The Midgard Foundation reported a distributable amount of $216K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants supported organizations with varied missions. For example, MANNA Food Bank describes its mission as working to end hunger in Western North Carolina, while Asheville Humane Society says it is building a supportive community that positively impacts pets and people. Beloved Asheville describes work addressing challenges including housing and food insecurity, poverty, and healthcare inequalities. The African Aquatic Conservation Fund says it works to preserve African aquatic wildlife and habitats through research, conservation, and education.
Grantmaking
In 2024, the foundation gave $271,000 through 21 grants. Grants ranged from $1,000 to $75,000, with a median grant of $3,000. The largest grants were $75,000 each to Manna Food Bank and Pisgah Legal Service, and $40,000 to UNCA Asheville, all for operational support. Other notable grants included $15,000 to Meals on Wheels of Buncombe County and $10,000 each to Asheville Humane Society, Beloved Asheville, and Warren Wilson College, also for operational support.
Leadership & Key People
Officers and directors from IRS filings
The Midgard Foundation is led by Phillip C Broughton Jr., President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Phillip C Broughton Jr.
President
On filings since 2020
5 hrs/week
No compensation reported
David L Smith
Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Margaret Crockett
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Midgard Foundation
How much does The Midgard Foundation give each year?
The Midgard Foundation gave $271K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $176K across 17 grants.
What is The Midgard Foundation's typical grant size?
The Midgard Foundation's median grant in 2024 was $3,000, and its average grant was $12,905, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Midgard Foundation that year got $8K on average.
Where does The Midgard Foundation give grants?
The Midgard Foundation gives mostly in North Carolina: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Asheville, NC (10 grants) and Lawrence, MA (2 grants).
Does The Midgard Foundation give general operating support?
Yes: 100% of The Midgard Foundation's 2024 grants with a stated purpose (21 of 21) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Midgard Foundation's largest grantees?
The Midgard Foundation's largest 2024 grantees include Manna Food Bank ($75,000), Pisgah Legal Service ($75,000) and UNCA Asheville ($40,000), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is The Midgard Foundation?
The Midgard Foundation reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $284K in qualifying distributions that year, against a required minimum of $216K (roughly 5% of its investment assets).
What does The Midgard Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants supported organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from The Midgard Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Midgard Foundation's EIN?
The Midgard Foundation's EIN (Employer Identification Number) is 13-6206619. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Midgard Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Midgard Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-midgard-foundation-morg_80210a775fb14c0496164d855a5b4714
BibTeX
@misc{grantable_136206619_2026,
author = {{Grantable}},
title = {{The Midgard Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-midgard-foundation-morg_80210a775fb14c0496164d855a5b4714},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Midgard Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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