The Philip & Helen Pitts Foundation
The Philip & Helen Pitts Foundation is a private foundation, based in Morganton, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $892K in total assets. In 2024, it awarded 1 grant totaling $91K. Net investment income was $57K.
The Philip & Helen Pitts Foundation at a glance
In short: The Philip & Helen Pitts Foundation gave $91K across 1 grant in 2024 (avg $91K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $90,500
- -2.2% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $90,500
- -2.2% vs 2023
- Median grant
- $90,500
- Total assets
- $891,857
- -4.3% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Philip & Helen Pitts Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was First United Methodist Church ($91K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Philip & Helen Pitts Foundation gives
- Giving grew 31% from 2021 to 2024. Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $69K (2020) to $93K (2023). In 2024 it made 1 grant totaling $91K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First United Methodist Church Morganton, NC | Building Preservation Fund | $90,500 |
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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 | $891,857 | $61,772 | $102,228 | $90,500 | 1 | $90,500 | $56,621 | $94,427 |
| 2023 | $932,313 | $87,320 | $103,639 | $92,500 | 1 | $92,500 | $82,448 | $90,687 |
| 2022 | $948,632 | $36,924 | $84,595 | $75,000 | 1 | $75,000 | $41,002 | $91,903 |
| 2021 | $856,156 | $55,567 | $79,183 | $69,100 | 1 | $69,100 | $50,325 | $82,310 |
| 2020 | $879,772 | $48,310 | $76,571 | $69,100 | 1 | — | $44,152 | $61,744 |
Under IRS private-foundation payout rules, The Philip & Helen Pitts Foundation reported a distributable amount of $94K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Philip & Helen Pitts Foundation's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
Clinton H. Lytle
Executive Trustee
On filings since 2020
1 hr/week
$2K (2020) → $4K (2024)
James Conley Mitchell III
Executive Trustee
On filings since 2020
1 hr/week
$2K (2020) → $4K (2024)
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Clinton H Lytle (Executive Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Philip & Helen Pitts Foundation
How much does The Philip & Helen Pitts Foundation give each year?
The Philip & Helen Pitts Foundation gave $91K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $93K across 1 grant.
How large is The Philip & Helen Pitts Foundation?
The Philip & Helen Pitts Foundation reported $892K in total assets on its 2024 IRS Form 990-PF. It paid out $91K in qualifying distributions that year, against a required minimum of $94K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Philip & Helen Pitts Foundation operate?
The Philip & Helen Pitts Foundation has awarded grants in North Carolina.
What is The Philip & Helen Pitts Foundation's EIN?
The Philip & Helen Pitts Foundation's EIN (Employer Identification Number) is 45-4128262. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 12, 2025)
- IRS filings on file for fiscal years 2020–2024
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