Public Charity

Lowes Foundation

Lowes Foundation is a Public Charity headquartered in Mooresville, NC. Financial data from the 2025 filing: $25.3M revenue, $22.8M expenses, $18.8M total assets. 18 publicly reported grants to this organization, totaling roughly $794K, appear in IRS filings.

EIN: 566061689 Mooresville, NC Latest filing: 2025
Total Revenue$25.3M
Total Expenses$22.8M
Total Assets$18.8M
Grant Records18
Funding Total$794K
Filing Years2020–2025

Mission

Lowes Foundation is focused on closing the skilled trades labor gap across the United States. Our mission is to develop a community of skilled tradespeople who can build and revitalize our homes neighborhoods and infrastructure for the future.

Officers & Directors

Manager Ashley Schroeder
Trustee Brad Hardy
Trustee Treasurer David R Green
Trustee David Shoop
Manager Delaney Osterday
Manager Diana Castaneda

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$357,835 8 grants
COMMUNITY DEVELOPMENT
$309,650 3 grants
GROWTH
$63,275 2 grants
EDUCATION
$23,000 2 grants
GENERAL FUNDS
$21,495 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $25.3M $22.8M $18.8M
2024 $19.6M $22.8M $16.3M
2023 $15.9M $2.5M $18.8M
2021 $10.1M $8.4M $10.5M
2020 $4.9M $1.1M $5.3M

Between 2020 and 2025, reported annual revenue grew from $4.9M to $25.3M (+418%), with total assets most recently reported at $18.8M.

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

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