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North Carolina · Nonprofit

The University of North Carolina at Asheville Foundation Inc

The University of North Carolina at Asheville Foundation Inc (North Carolina) receives grants from 56 organizations whose IRS filings report $14,059,281 to it, the largest being THE AYCO CHARITABLE FOUNDATION ($5,801,640). 33 of them have funded it in more than one year, and 77% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$9.4M
Funders on record
56
Grants received
$14M
Net assets
$62M
33/56 repeat funderspeak grant-dependency 29%
01What it does

What The University of North Carolina at Asheville Foundation Inc does

Mission

The mission of the UNC Asheville Foundation, Inc. is to secure, manage, and distribute private support to enhance the growth and development of UNC Asheville.

As stated on its FY2025 Form 990.

Program

  1. The Foundation exists to provide support to the University of North Carolina at Asheville, a state owned four year University. In this capacity, the Foundation receives funds that are spent on behalf of the Unversity such as scholarships, faculty grants and awards, purchase of equipment and internal expense for printing, supplies, etc.

    $6,640,555 spentof which $4,615,278 as grants$2,098,600 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $6,640,555.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($8.0M) Expenses 100 ($5.5M) Net assets 100 ($42M)2021 Revenue 96 ($7.7M) Expenses 101 ($5.5M) Net assets 138 ($58M)2022 Revenue 93 ($7.4M) Expenses 153 ($8.4M) Net assets 135 ($57M)2023 Revenue 119 ($9.5M) Expenses 132 ($7.2M) Net assets 138 ($58M)2024 Revenue 92 ($7.3M) Expenses 209 ($11M) Net assets 135 ($56M)2025 Revenue 118 ($9.4M) Expenses 135 ($7.4M) Net assets 149 ($62M)
202020212022202320242025
Revenue (118)Expenses (135)Net assets (149)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $47M to $61M (+32%).

$47M
$61M
$62M
$63M
$61M
$67M
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 7%. Grants only. Government contracts and fees sit inside program revenue.

77% of The University of North Carolina at Asheville Foundation Inc’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.

$2.5M
’20
$2.1M
’21
−$940k
’22
$2.3M
’23
−$4.1M
’24
$2.0M
’25
11
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Darlene Davis

Board Chair

As listed on its FY2025 Form 990.

202020212022202320242025
Listed242422201817
Joined·+8+7+6+6+3
No longer listed·89884
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 8 funders to 17 funders, grant income rose $362k → $1.2M.

25 of 56 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 77% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of The University of North Carolina at Asheville Foundation Inc’s funders (the co-funder graph). Top 30 of 56 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

The University of North Carolina at Asheville Foundation Inc leans on a few funders — its largest provides 41% of grant income and the top three 66%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

82% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund The University of North Carolina at Asheville Foundation Inc.

41%
largest funder
66%
top three
~5
effective funders

Largest funder’s share by year: 2017 39% · 2018 40% · 2019 47% · 2020 47% · 2021 43% · 2022 58% · 2023 26% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

32% of The University of North Carolina at Asheville Foundation Inc's funders are still giving 3 years after their first grant; 59% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

77% of The University of North Carolina at Asheville Foundation Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $3.2M that is directly attributable, 59% of it comes from funders outside North Carolina, across 16 states.

ME
MN
NY
MA
OH
CT
RI
CA
MO
VA
DE
NC
DC
MS
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $11M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

The University of North Carolina at Asheville Foundation Inc runs a healthier operating margin than three-quarters of the 9,398 education nonprofits its size.

Operating margin22% · top quartile
Months of reserve10.8mo · top quartile
Revenue growth (annualized)3% · below the median

this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025

Organizations like The University of North Carolina at Asheville Foundation Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 4%Fundraising 6%

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

81%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NC

Part of a family of 4 related entities

  • UNC Asheville Baseball Stadium LLC · disregarded
  • UNC Asheville Real Estate LLC · disregarded
  • UNC Asheville Makerspace LLC · disregarded
  • UNC Asheville Riverside Property LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for The University of North Carolina at Asheville Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds The University of North Carolina at Asheville Foundation Inc?
The University of North Carolina at Asheville Foundation Inc (North Carolina) receives grants from 56 organizations whose IRS filings report $14,059,281 to it, the largest being THE AYCO CHARITABLE FOUNDATION ($5,801,640). 33 of them have funded it in more than one year, and 77% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does The University of North Carolina at Asheville Foundation Inc have?
IRS filings report 56 organizations giving $14,059,281 in grants to The University of North Carolina at Asheville Foundation Inc, 33 of which have funded it in more than one year.
Who is the largest funder of The University of North Carolina at Asheville Foundation Inc?
THE AYCO CHARITABLE FOUNDATION is the largest funder on record, with $5,801,640 in grants. The full list of funders is on this page.
How can an organization like The University of North Carolina at Asheville Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 56 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing