True Homes Foundation Inc
True Homes Foundation Inc is a private foundation based in Monroe, North Carolina. It supports charitable organizations and community initiatives, with its own stated work emphasizing associate giving, affordable homeownership opportunities, and career pathways in homebuilding.
True Homes Foundation Inc at a glance
In short: True Homes Foundation Inc gave $499K across 162 grants in 2024 (avg $3K), mostly in North Carolina. 37% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $498,582
- -9.8% vs 2023
- Grants made (2024)
- 162
- -8.0% vs 2023
- Average grant
- $3,078
- -2.0% vs 2023
- Median grant
- $1,000
- Total assets
- $4,560,536
- -0.9% vs 2023
- New grantees (estimate)
- 37% first-time grantees (60 of 161, 2024)
- Primary geography
- North Carolina (58% 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 True Homes Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 2649 Brekonridge Centre Drive, Monroe, NC 28110
Phone: (980) 313-3253
Website: https://truehomes.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who True Homes Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was National Housing Endowment ($110K). Together the top 10 received $351K.
Grant Size Distribution
927 grants across all recorded years
The most common grant size was under $50K: 909 grants of 927 (98%).
Geographic Focus
Where this funder awards grants
In 2024, North Carolina organizations received 58% of grant dollars, followed by organizations in Washington, DC, at 22%. South Carolina, Mississippi, and Maryland each received 4%.
Grant Distribution by State
Share of 2024 grant dollars across all 162 itemized grants.
States
Cities
Is True Homes Foundation Inc open to new grantees?
37%
first-time grantees, 2024
In 2024, 60 of 161 grantees (37%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $775 first-time, $1K repeat.
- 48% of 2024 grantees were also funded in 2023. Method
- Giving fell 43% from 2021 to 2024. Method
- In 2024 it paid out 242% 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 $484K (2022) to $873K (2021). In 2024 it made 162 grants totaling $499K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Housing Endowment Washington, DC | General Support | $110,000 |
| Builders Bridge Monroe, NC | General Support | $51,000 |
| Moms Moving Forward Charlotte, NC | General Support | $50,000 |
| Camino Community Development Found'n Charlotte, NC | General Support | $48,150 |
| Dreamkey Partners Inc Charlotte, NC | General Support | $26,000 |
| John M Perkins Foundation Jackson, MS | General Support | $21,000 |
| Parity Homes Baltimore, MD | General Support | $20,000 |
| NCA&T Scholarships Greensboro, NC | General Support | $9,000 |
| Samaritan's Purse Boone, NC | General Support | $7,940 |
| Done in Love Inc Cary, NC | General Support | $7,500 |
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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 | $4,560,536 | $624,314 | $550,074 | $498,582 | 162 | $498,582 | $194,939 | $206,089 |
| 2023 | $4,599,675 | $903,490 | $714,351 | $552,615 | 176 | $552,615 | $138,203 | $190,194 |
| 2022 | $4,286,021 | $2,569,349 | $589,117 | $483,998 | 190 | $507,597 | $15,251 | $148,014 |
| 2021 | $2,291,909 | $1,698,447 | $876,065 | $872,628 | 133 | $872,628 | — | $88,193 |
| 2020 | $1,484,627 | $1,086,207 | $813,011 | $701,903 | 266 | — | — | $58,122 |
Under IRS private-foundation payout rules, True Homes Foundation Inc reported a distributable amount of $206K 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
The foundation describes its approach as empowering associates to support local charities, partnering with community organizations on affordable housing, and creating vocational opportunities in homebuilding. Through Doorway to Prosperity, it offers homeownership opportunities to households below 110% of area median income, with priority for households at or below 80%. The program combines down payment assistance through community and lending partnerships with homes built at lower price points. The foundation reports that it has provided 94 homes through the program since 2022, with more than 100 under development for 2025.
The Scott Wentz Scholarship supports people pursuing residential construction and land development careers, with a focus on increasing opportunities for underrepresented groups, including minorities and women. The foundation states that it awards $100,000 in scholarships each year to students attending universities across the Carolinas. Its associate empowerment program matches associates’ charitable gifts four times over, up to $1,000 annually.
Grantees’ own stated missions illustrate the range of organizations supported. DreamKey Partners says it provides housing to low- and moderate-income families; the National Housing Endowment says it supports education, training, research, and workforce development in the homebuilding industry; and Promising Pages says it shares books with children in the Charlotte area who have few books at home. Other 2024 recipients include organizations whose stated missions involve recovery services, children’s health research and treatment, outdoor-based student development, and humanitarian aid.
Grantmaking
In 2024, the foundation reported 162 grants totaling $498,582. Individual grants ranged from $80 to $110,000, with a median of $1,000. The grants listed on the filing were for general support.
The largest 2024 grants included $110,000 to National Housing Endowment, $51,000 to Builders Bridge, $50,000 to Moms Moving Forward, $48,150 to Camino Community Development Foundation, and $26,000 to DreamKey Partners Inc. Other notable grants included $21,000 to John M Perkins Foundation and $20,000 to Parity Homes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists G David Cutherberston as board chair, Mark W Boyce as vice president/secretary, Daniel Horner as president, and Steve Sweetser as treasurer.
True Homes Foundation Inc is led by Daniel Horner, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel Horner
President
On filings since 2020
0.3 hrs/week
No compensation reported
G. David Cutherberston
Board Chair
On filings since 2020
0.3 hrs/week
No compensation reported
Mark W. Boyce
Vice President & Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Steve Sweetser
Treasurer
On filings since 2020
0.3 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 True Homes Foundation Inc
How much does True Homes Foundation Inc give each year?
True Homes Foundation Inc gave $499K across 162 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $553K across 176 grants.
What is True Homes Foundation Inc's typical grant size?
True Homes Foundation Inc's median grant in 2024 was $1,000, and its average grant was $3,078, across 162 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from True Homes Foundation Inc that year got $1K on average.
Where does True Homes Foundation Inc give grants?
True Homes Foundation Inc gives mostly in North Carolina: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (22%). The most frequent recipient cities were Charlotte, NC (32 grants), Monroe, NC (7 grants), Rock Hill, SC (5 grants) and Greensboro, NC (4 grants).
Does True Homes Foundation Inc give general operating support?
Yes: 100% of True Homes Foundation Inc's 2024 grants with a stated purpose (162 of 162) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are True Homes Foundation Inc's largest grantees?
True Homes Foundation Inc's largest 2024 grantees include National Housing Endowment ($110,000), Builders Bridge ($51,000) and Moms Moving Forward ($50,000), according to its 2024 IRS Form 990-PF. Together they received 42% of its itemized 2024 grant dollars.
How large is True Homes Foundation Inc?
True Homes Foundation Inc reported $4.6M in total assets on its 2024 IRS Form 990-PF. It paid out $499K in qualifying distributions that year, against a required minimum of $206K (roughly 5% of its investment assets).
What does True Homes Foundation Inc fund?
The foundation describes its approach as empowering associates to support local charities, partnering with community organizations on affordable housing, and creating vocational opportunities in homebuilding. See mission & focus areas ↑
How do I apply for a grant from True Homes Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is True Homes Foundation Inc's EIN?
True Homes Foundation Inc's EIN (Employer Identification Number) is 82-2936594. IRS Form 990 filing data is available on this page for 2020–2024.
Does True Homes Foundation Inc 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). True Homes Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/true-homes-foundation-inc-morg_b7db0b87b978429aad32ca865c41d79e
BibTeX
@misc{grantable_822936594_2026,
author = {{Grantable}},
title = {{True Homes Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/true-homes-foundation-inc-morg_b7db0b87b978429aad32ca865c41d79e},
note = {Accessed 2026-10-15. 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 True Homes Foundation Inc'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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