The Gem Fundthe Aauw Asheville

ARDEN, NC EIN: 33-1023655 Website

ESTABLISHED IN 2022, THE GEM FUND IS THE PHILANTHROPIC ARM OF AAUW- ASHEVILLE; ITS PURPOSE IS TO RAISE FUNDS FOR SCHOLARSHIPS FOR WOMEN IN WESTERN NORTH CAROLINA WHOSE COLLEGE EDUCATION WAS INTERRUPTED OR POSTPONED.

Financial Overview

From 2025 IRS Form 990-PF

Total Assets

$559K

+6.6% YoY

Annual Giving

$46K

+53.3% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$23K

+53.3% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$76K$101K20212022202320242025
Metric202520242023
Total Assets$559,391$524,818$451,337
Revenue$51,285$91,623$38,831
Expenses$55,587$43,106$24,780
Qualifying Distributions
Net Investment Income$8,355$35,714
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$12K$23K$35K$46K0 grants20210 grants20220 grants20232 grants20242 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

UNC ASHEVILLE$31KAB-TECH$15K

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does The Gem Fundthe Aauw Asheville fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

NameTitleHoursCompensation
PAT ASHEPRESIDENT5
DEB FULTON-HELMERSECRETARY3
BA SCHENKDIRECTOR1
BETSY KIRKDIRECTOR1
MILLIE MASSEYDIRECTOR1
TINA GARRETTDIRECTOR1
LOIS SUTTONTREASURER6
JEANNE SMOLKINPRESIDENT1
SUSAN IKERDPAST PRESIDE1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

Cities

Asheville

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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