The North Carolina State Capitol in Raleigh behind a flowering crape myrtle

Form 990-PFTax year 2022EIN 05-0438672

Constructive Management Foundation

A private foundation in Asheville, NC. Its return for tax year 2022 lists 10 grants and $435,701 paid in grants.

Tax year 2022 (period ending Dec 31, 2022), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2022

    $435,701

    Grants listed
    10
    Assets, end of year
    $0
  • Tax year 2021

    $8,080

    Grants listed
    11
    Assets, end of year
    $514,313
  • Tax year 2020

    $17,935

    Grants listed
    21
    Assets, end of year
    $479,306
  • Tax year 2019

    $10,000

    Grants listed
    20
    Assets, end of year
    $493,231
  • Tax year 2018

    $18,990

    Grants listed
    9
    Assets, end of year
    $470,841

Grants paid in 2022

10 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Donors TrustAlexandria, VA

    Charitable

    $429,580
  2. Preservation Society of AshevilleAsheville, NC

    Charitable

    $1,284
  3. Individual

    Charitable

    $1,284
  4. Rabun Gap SchoolRabun Gap, GA

    Charitable

    $1,000
  5. Citizens for Responsible Land UseAsheville, NC

    Charitable

    $1,000
  6. Upper Midwest Law CenterMinnetonka, MN

    Charitable

    $500
  7. Foundation for IndividualPhiladelphia, PA

    Charitable

    $500
  8. University of North CarolinaAsheville, NC

    Charitable

    $353
  9. Brooke Foundation USALexington, KY

    Charitable

    $150
  10. Christ SchoolArden, NC

    Charitable

    $50

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Philanthropy and grantmaking1 grant $429,580100% of the total
  2. Environment1 grant $1,000<1% of the total
  3. Crime and legal aid1 grant $500<1% of the total
  4. Education1 grant $50<1% of the total

By State

Grants to organizations with a US address, latest year.

  1. Virginia1 grant $429,580
  2. North Carolina4 grants $2,687
  3. Georgia1 grant $1,000
  4. Minnesota1 grant $500
  5. Pennsylvania1 grant $500
  6. Kentucky1 grant $150

Officers, directors and trustees

3 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Paul R FaragoPresident Hours 0Pay $0
  • Samuel C FaragoDirector Hours 0Pay $0
  • Michelle T FaragoDirector Hours 0Pay $0

The return

More foundations

Similar foundations

Same main cause (philanthropy and grantmaking), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. The Jaye F and Betty F Dyer FoundationAsheville, NC 1 grant Preselected only $500,000 giving
  2. EM Winner Foundation IncAsheville, NC 1 grant Preselected only $157,056 giving
  3. Kates Foundation IncAsheville, NC 13 grants Accepts applications $1,363,240 giving
  4. The LB Research and Education FoundationAsheville, NC 26 grants Accepts applications $1,525,000 giving
  5. Christopher FundWinstonSalem, NC 1 grant Preselected only $462,500 giving