Form 990-PF for tax year 2022

Totals

Total revenue

-$284,500,868

Total expenses

$90,019,128

Contributions and grants received

$3,548,803

Contributions, gifts and grants paid

$74,324,380

Fair market value of assets, end of year

$1,721,270,672

Listed in Part VIII

Compensation is as filed in Part VIII of the Form 990-PF: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants paid on this return

Grants paid, cash basis (Part I, line 25, column (d))

$73,872,572

As filed, and sometimes filed as 0.

Grants paid, Part XV total (line 3a)

$73,872,572

The foundation's own total of the grants it itemizes.

These are the grants the foundation paid during the year. The “Contributions, gifts and grants paid” total above is the figure on the foundation's books. This return marks the accrual method, under which a grant is recorded when the foundation commits to it rather than when it pays, so the books total need not agree with the cash figures in this section: a grant promised one year and paid in another is counted in different years.

• HELPMATE INC

  $3,000,000

  ASHEVILLE, NC

  THIS GRANT WILL SUPPORT HELPMATE WITH CONSTRUCTION COSTS RELATED TO THEIR EMERGENCY SHELTER EXPANSION PROJECT.

• THE GIVENS ESTATES INC

  $3,000,000

  ASHEVILLE, NC

  THE FUNDS ARE THE CRITICAL FIRST PIECE OF A PROCESS TO REDEVELOP THE FORMER CLINCHFIELD MILL INTO AFFORDABLE SENIOR HOUSING IN MARION.

• COUNTY OF TRANSYLVANIA

  $2,037,500

  BREVARD, NC

  THIS GRANT WILL SUPPORT TRANSYLVANIA COUNTY IN LEVERAGING AMERICAN RESCUE PLAN ACT (ARPA) FUNDS FOR PLANNING AND INFRASTRUCTURE FOR AFFORDABLE HOUSING AND BUSINESS ATTRACTION AND CREATION.

• CITY OF ASHEVILLE

  $1,600,000

  ASHEVILLE, NC

  FULLY FUND ARPA PROJECT REQUESTS TO THE CITY OF ASHEVILLE FOR HABITAT FOR HUMANITY, "IMPROVING EQUITY AND RESILIENCY THROUGH AFFORDABLE HOMEOWNERSHIP AND ASHEVILLE BUNCOMBE COMMUNITY CHRISTIAN MINISTRY, "PROVIDING PERMANENT AFFORDABLE SUPPORTIVE HOUSING FOR WOMEN AND CHILDREN AT TRANSFORMATION VILLAGE."

• COUNTY OF SWAIN

  $1,500,000

  BRYSON CITY, NC

  CREATING TWO MILE FORCED MAIN SEWER LIFT STATION TO ACCOMMODATE BUILDING DEVELOPMENT IN THE ELA DISTRICT (PHASE I) OF SWAIN COUNTY.

• HAYWOOD COUNTY

  $1,112,500

  WAYNESVILLE, NC

  THIS GRANT, IN COMBINATION WITH LOCAL RESOURCES, WILL SUPPORT HAYWOOD COUNTY TO FUND 3 DISTINCT PROJECTS WITH PARTNERS WHOM THEY SELECT AND DETERMINE AND WHOSE WORK WILL IMPACT AFFORDABLE HOUSING ACROSS THE COUNTY, WITH A COMPREHENSIVE APPROACH TO COMMUNITY NEEDS AND IN LINE WITH SAFE HARBOR STANDARDS.

• ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

  $1,106,440

  ASHEVILLE, NC

  THIS GRANT WILL SUPPORT ASHEVILLE BUNCOMBE TECHNICAL COMMUNITY COLLEGE AND PROJECT COUNTERBALANCE. FUNDS WILL BE USED TO SUPPORT UNDERSERVED STUDENTS. 2ND PAYMENT

• MOUNTAIN BIZWORKS

  $1,100,000

  ASHEVILLE, NC

  THIS GRANT WILL SUPPORT MOUNTAIN BIZCAPITAL, INC. IN PROVIDING TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL FOR LOW-INCOME ENTREPRENEURS WHO ARE UNABLE TO RECEIVE FUNDING FROM TRADITIONAL FINANCIAL INSTITUTIONS DUE TO LACK OF CREDITWORTHINESS.

• ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

  $1,095,067

  ASHEVILLE, NC

  THIS GRANT WILL SUPPORT ASHEVILLE BUNCOMBE TECHNICAL COMMUNITY COLLEGE AND PROJECT COUNTERBALANCE. FUNDS WILL BE USED TO SUPPORT UNDERSERVED STUDENTS. 1ST PAYMENT

• NORTHWESTERN HOUSING ENTERPRISES

  $1,092,454

  BOONE, NC

  THIS GRANT WOULD HELP NORTHWESTERN HOUSING ENTERPRISES PROVIDE BETTER COURSING CONDITIONS IN YANCEY COUNTY (PARTICULARLY FOR THE LOW-INCOME ELDERLY AND DISABLED), WHICH CURRENTLY CAN BE VERY POOR AND HAVE DELETERIOUS EFFECTS ON RESIDENT HEALTH.

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Provenance

Return type

form_990_pf

Tax year

2022

Filed

10 November 2023

IRS schema version

2022v5.0

Source object

202333199349101033

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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