The Potato Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARDEN, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $40 in total assets. In 2024, it awarded 22 grants totaling $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$40
-96.8% YoY
Annual Giving
$15K
+88.6% YoY
Grant Count
22
+29.4% YoY
Avg Grant Size
$660
+45.8% YoY
Under IRS private-foundation payout rules, The Potato Fund Inc reported a distributable amount of $355 for 2024 — the minimum it must pay out in qualifying distributions.
About The Potato Fund Inc
Based on IRS filings
The Potato Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARDEN, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $40 in total assets. In 2024, it awarded 22 grants totaling $15K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40 | $1,269 | $431 |
| Revenue | $14,367 | $9,091 | $4,464 |
| Expenses | $15,596 | $8,259 | $4,033 |
| Qualifying Distributions | $14,520 | $7,697 | $3,720 |
| Net Investment Income | — | — | — |
| Distributable Amount | $355 | — | $74 |
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
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alzheimer's Disease Research ($2,250), Conserving Carolina ($2,000), American Society for the Prevention of Cruelty to Animals ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Alzheimer's Disease Research Clarksburg, MD | Contribution provided | $2,250 |
| American Society for the Prevention of Cruelty to Animals New York, NY | Contribution provided | $1,000 |
| American Cancer Society Atlanta, GA | Contribution provided | $200 |
| PBS North Carolina Research Triangle Park, NC | Contribution provided | $120 |
| United Way of Henderson County Hendersonville, NC | Contribution provided | $1,000 |
| Center for Reproductive Rights New York, NY | Contribution provided | $500 |
| World Central Kitchen Washington, DC | Contribution provided | $300 |
| Conserving Carolina Hendersonville, NC | Contribution provided | $2,000 |
| Daniel Boone Council Boy Scouts of America Asheville, NC | Contribution provided | $250 |
| Doctors Without Borders New York, NY | Contribution provided | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Beaty | President | 1 | — |
| Luze Beaty | VP | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Potato Fund Inc?
The Potato Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARDEN, NC. It holds $40 in total assets as of 2024.
How large is The Potato Fund Inc?
As of 2024, The Potato Fund Inc holds $40 in total assets with $14K in annual revenue. It awarded 22 grants totaling $15K in 2024.
Where does The Potato Fund Inc operate?
The Potato Fund Inc has awarded grants in California, District of Columbia, Delaware, Georgia, Maryland, North Carolina, New York, Virginia.
What size grants does The Potato Fund Inc award?
In 2024, The Potato Fund Inc awarded 22 grants totaling $15K — an average of about $660 per grant, based on its IRS Form 990 filings.
How much is The Potato Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Potato Fund Inc reported a distributable amount of $355 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Potato Fund Inc's EIN?
The Potato Fund Inc's EIN (Employer Identification Number) is 87-2601151. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Potato Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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