Claude & Ada Low Foundation Inc
- Assets
- $571.2k
- Revenue
- $42.7k
- Investments
- $566.5k
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 43-1628702
Organization Overview
Claude & Ada Low Foundation Inc is located in Asheville, NC. The organization was established in 1993. 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 the central organization for a national or regional group of organizations. Claude & Ada Low 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 12/2022, Claude & Ada Low Foundation Inc generated $42.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $23.4k during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 8 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 2015, Claude & Ada Low Foundation Inc has awarded 81 individual grants totaling $119,500. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbie Low President | 1 | $0 | |
Robert Low Vice Preside | 1 | $0 | |
Peggy Low Treasurer | 1 | $0 | |
Linda Low Blackburn Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,626 |
| Capital Gain Net Income | $21,769 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,400 |
| Total Revenue | $42,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $913 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $23,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,677 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $566,497 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $571,174 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Claude & Ada Low Foundation Inc has awarded $22,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HANNAH BENEDICT PURPOSE: COLLEGE TUITION | $4,000 |
MARTINA POTTER PURPOSE: COLLEGE TUITION | $2,000 |
JORDYN WILSON MAYBARY PURPOSE: COLLEGE TUITION | $4,000 |
ABBY GRISHAM PURPOSE: COLLEGE TUITION | $4,000 |
MADASYN HAYNES PURPOSE: COLLEGE TUITION | $500 |
SABRINA TURNBOW PURPOSE: COLLEGE TUITION | $4,000 |