Stonecutter Foundation Inc

Organization Overview

Stonecutter Foundation Inc is located in Spindale, NC. The organization was established in 1944. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stonecutter Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 03/2024, Stonecutter Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $999.6k during the year ending 03/2024. While expenses have increased by 9.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Stonecutter Foundation Inc has awarded 82 individual grants totaling $2,427,025. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $5,000
Interest on Savings $15,152
Dividends & Interest $240,144
Net Rental Income$96,765
Net Gain on Sale of Assets $720,036
Capital Gain Net Income $720,036
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,550
Total Revenue $1,078,647

Grants Awarded

Over the last fiscal year, Stonecutter Foundation Inc has awarded $651,645 in support to 21 organizations.

Grant RecipientAmount

DISCOVERY PLACE

PURPOSE: COMMUNITY

$2,500

GARDNER-WEBB UNIVERSITY

PURPOSE: EDUCATION

$45,000

GLOBALGIVING

PURPOSE: HUMANITARIAN

$5,000

ICC FOUNDATION

PURPOSE: EDUCATION

$10,000

HATCH AVL FOUNDATION

PURPOSE: EDUCATION

$60,000

INDEPENDENT COLLEGE FUND OF NC

PURPOSE: EDUCATION

$2,500
View Grant Profile

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