EIN 56-6044820

Stonecutter Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Spindale
Year formed
1944
Most recent tax filings
2024-03-01
NTEE code, primary
Description
The Stonecutter Foundation is a private foundation that primarily funds community and education grants. Last year, it made 24 grants to organizations such as the Rutherford Housing Partnership. The Foundation's purpose is to generate interest income from student loans to support its grantmaking. It is located in Spindale, NC.
Total revenues
$1,078,647
2024
Total expenses
$999,582
2024
Total assets
$8,515,621
2024
Num. employees
0
2024

Program areas at Stonecutter Foundation

Interest income from student loans

Grants made by Stonecutter Foundation

GranteeGrant descriptionAmount
Habitat for Humanity - Rutherford County HFHCommunity$296,720
Hatch AVL FoundationEducation$60,000
Rutherford Housing PartnershipCommunity$47,975
...and 13 more grants made

Personnel at Stonecutter Foundation

NameTitleCompensation
Terri C BarringerExecutive Director$96,107
James R CowanVice President and Treasurer$0

Financials for Stonecutter Foundation

RevenuesFYE 03/2024
Total grants, contributions, etc.$5,000
Investment income and dividends$255,296
Net rental income$96,765
Net gain from sale of non-inventory assets$720,036
Gross sales of inventory$0
Miscellaneous revenues$1,550
Total revenues$1,078,647

Form 990s for Stonecutter Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-032024-08-20990PFView PDF
2023-032023-06-26990PFView PDF
2022-032022-06-27990PFView PDF
2021-032021-06-24990PFView PDF
2020-032021-02-12990PFView PDF
...and 8 more Form 990s
Data update history
August 27, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 26, 2023
Posted financials
Added Form 990PF for fiscal year 2023
May 8, 2023
Updated personnel
Identified 2 new personnel
November 2, 2021
Posted financials
Added Form 990PF for fiscal year 2021
September 28, 2021
Updated personnel
Identified 7 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
230 Spindale St
Spindale, NC 28160
County
Rutherford County, NC
Phone
(828) 286-2341
IRS details
EIN
56-6044820
Fiscal year end
March
Taxreturn type
Form 990-PF
Year formed
1944
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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