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Foundation Lookup

Form 990-PFTax year 2024EIN 56-6062560

Ferree Educational & Welfare Fund

A private foundation in Asheboro, NC. Its return for tax year 2024 lists 1 grant and $62,000 paid in grants.

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Tax year 2024 (period ending Dec 31, 2024), 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

Accepts applications

The return gives an application contact and rules, as below.

Contact person
On file
Phone
On file
Mailing address
On file
Form and materials
On file
Deadlines
On or before may 15 each year
Restrictions
New students must have graduated from one of the asheboro city or randolph county public high schools. A new student attending RCC that is not right out of high school must be a resident of randolph county. The application requires the attendance at an accredited institution of higher learning with the current limit on scholarship of $2,000 per year. Loans - all returning students were funded at the usual rate of $1,000 per year for four-year degree students and $500 per year for community college students. All new students funded at $500 per year for community college students.

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Assets and giving by year

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

  • Tax year 2024

    $62,000

    Grants listed
    1
    Assets, end of year
    $2,227,364

  • Tax year 2023

    $70,000

    Grants listed
    1
    Assets, end of year
    $2,163,220

  • Tax year 2022

    $68,500

    Grants listed
    1
    Assets, end of year
    $2,051,664

  • Tax year 2021

    $60,000

    Grants listed
    1
    Assets, end of year
    $2,309,650

  • Tax year 2020

    $59,500

    Grants listed
    1
    Assets, end of year
    $2,225,301

Grants paid in 2024

1 grant, largest first

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

  1. Individual

    Scholarships

    $62,000

Officers, directors and trustees

9 people as filed

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

  • Dr Aaron Woody-Super of City SchoolTRUSTEE Hours 0.5Pay $0
  • David Smith-Mayor of AsheboroTRUSTEE Hours 0.5Pay $0
  • Mike King-Market Pres Wells FargoTREASURER Hours 0.5Pay $0
  • Linda CranfordEXECUTIVE DIRECTOR Hours 10Pay $16,396
  • W McDuffy Johnson-The Welsh GroupTRUSTEE Hours 0.5Pay $0
  • Steven Gainey - Super of Cty SchoolCHAIRMAN Hours 0.5Pay $0
  • Tracie Murphy- Director DSSTRUSTEE Hours 0.5Pay $0
  • Darrell Frye-Rand Cty Board of ComTRUSTEE Hours 0.5Pay $0
  • Michael Smith-Asheboro City BoeTRUSTEE Hours 0.5Pay $0

The return

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