Ferree Educational & Welfare Fund
ASHEBORO, NC EIN: 56-6062560
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$2.2M
+3.0% YoY
Annual Giving
$62K
-11.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$62K
-11.4% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,227,364 | $2,163,220 | $2,051,664 |
| Revenue | $97,621 | $116,271 | $105,489 |
| Expenses | $95,526 | $108,723 | $132,488 |
| Qualifying Distributions | $96,286 | $103,216 | $98,223 |
| Net Investment Income | $89,247 | $108,319 | $97,424 |
| Distributable Amount | $59,270 | $54,835 | $57,144 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Ferree Educational & Welfare Fund fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR AARON WOODY-SUPER OF CITY SCHOOL | TRUSTEE | 0.5 | — |
| DAVID SMITH-MAYOR OF ASHEBORO | TRUSTEE | 0.5 | — |
| MIKE KING-MARKET PRES WELLS FARGO | TREASURER | 0.5 | — |
| LINDA CRANFORD | EXECUTIVE DIRECTOR | 10 | $16,396 |
| W MCDUFFY JOHNSON-THE WELSH GROUP | TRUSTEE | 0.5 | — |
| STEVEN GAINEY - SUPER OF CTY SCHOOL | CHAIRMAN | 0.5 | — |
| TRACIE MURPHY- DIRECTOR DSS | TRUSTEE | 0.5 | — |
| DARRELL FRYE-RAND CTY BOARD OF COM | TRUSTEE | 0.5 | — |
| MICHAEL SMITH-ASHEBORO CITY BOE | TRUSTEE | 0.5 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
North Carolina $320K (100%)
States
Cities
Various
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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