Community Foundation

Polk County Community Foundation Inc

Polk County Community Foundation Inc is a Community Foundation headquartered in Tryon, NC. Financial data from the 2024 filing: $4.4M revenue, $3.6M expenses, $65.7M total assets. 10 publicly reported grants to this organization, totaling roughly $1.4M, appear in IRS filings.

EIN: 510168751 Tryon, NC Latest filing: 2024
Total Revenue$4.4M
Total Expenses$3.6M
Total Assets$65.7M
Grant Records10
Funding Total$1.4M
Filing Years2020–2024

Mission

To administer funds entrusted to support charitable, cultural, educational and publicly beneficial activities in the community centered in and around Polk County, N.C. both by directly expending sums for such purposes and in cooperation with institutions qualified to carry out these objectives most efficiently. The foundation works with donors (both individuals and charitable organizations) to establish funds to benefit one or more named charities, to accomplish a certain objective (provide for cultural events, encourage the development of agriculture, provide free activities for youth, improve classroom teaching, etc.), to award scholarships to local students, and to allow the board of the Polk County Community Foundation to address the needs of the community as they change from time to time (unrestricted funds).

Sample Grants Received

2024
For grant recipient's exempt purposes
$318,850
2024
PUBLIC, SOCIETAL BENEFIT
$6,700
2024
General Support
$5,000
2023
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
$250,000
$750,000

Showing up to 5 of 10 total records — full history available with membership.

Officers & Directors

Treasurer A Thomas Jackson
Officer Carolyn Gibson
Officer Dale L Mcentire
Officer Frances H Parker
Officer Kevin D Burnett
Secretary Monica E Jones

Officer compensation and complete director data available with membership.

Top Grant Purposes

SUSTAINABILITY
$750,000 1 grant
For grant recipient's exempt purposes
$347,550 4 grants
MULTIPLE GRANTS FOR PROGRAMS, OPERATIONS, OR OTHER PURPOSES
$250,000 1 grant
OPERATIONAL SUPPORT
$69,237 2 grants
PUBLIC, SOCIETAL BENEFIT
$6,700 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.4M $3.6M $65.7M
2023 $2.5M $3.1M $62.2M
2022 $3.2M $2.5M $56.5M
2021 $2.4M $2.3M $66.6M
2020 $3.6M $3.0M $61.8M

Between 2020 and 2024, reported annual revenue grew from $3.6M to $4.4M (+21%), with total assets most recently reported at $65.7M.

Interactive year-over-year charts and full filing details available with membership.

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