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The Aver Foundation EIN 82-3616415

The Aver Foundation

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A private foundation based in Hendersonville, NC. It reported about $47K in revenue for 2025. For fiscal year 2025 it reported $47K in revenue, $29K in expenses, and $613K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Hendersonville, NC
Filings
6 on file (2020–2025)
Revenue
$47KFY2025
Expenses
$29K
Net assets
$613K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-3616415 Private foundation / grantmaker Hendersonville, NC
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Hendersonville, NC. It reported about $47K in revenue for 2025.
Leadership
Francis James Gasquet Fitzpatrick · President/Di
Money in and out
$47K revenue, $29K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$47K
Pt VIII · Ln 12
Total expenses
$29K
Pt IX · Ln 25
Net assets
$613K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Total assets
613K
deployed as grants and operations
Grants paid
22K
in FY2025
Grants made
7grants
total in period
Payout rate
4%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 7 grants · $22K · 2025–2025
National Disability InstituteFY2025$5,000
Davidson CollegeFY2025$3,500
Muddy Paws RescueFY2025$3,075
Denison University InstituteFY2025$3,000
University of Vermont FoundationFY2025$3,000
The Free ClinicsFY2025$2,500
Fisher House FoundationFY2025$2,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$3K
Median grantPart XV$3K
Largest grantPart XV$5K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$47K
FY2025▼ -21%
Expenses
$29K
FY2025▲ +10%
Total assets
$613K
FY2025▲ +16%
Total liabilities
$0
FY2025
Total revenue
$47K
Pt VIII · Ln 12
Total expenses
$29K
Pt IX · Ln 25
Net assets
$613K
Pt X · Ln 32
Total assetsPt II$613K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Aver Foundation
EINHdr · item D82-3616415
Principal addressHdr · item CHendersonville, NC
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFApr 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$25K · 53%
Investment income$22K · 47%
Contributions & grants53%$25K
Investment income47%$22K
Other revenue$48
Total revenueLn 12$47K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.77 Operating & administrative $0.23
Grants & contributions paid77%$22K
Operating & administrative23%$7K
Total functional expensesLn 25$29K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$613K
Total liabilitiesLn 26$0
Total net assetsLn 32$613K
Months of cash on handcomputed9.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $613K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $47K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $47K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $47K · Prior year $60K
-21%
Net-asset trend (YoY)
End of year $613K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $47K · Expenses $29K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $613K
—
Net-asset ratio
Net assets $613K · Total assets $613K
100%
People & payroll
Highest Reported Total Compensation
Individual Francis James Gasquet Fitzpatrick · Reported title PRESIDENT/DI · Highest reported compensation $0 · Total expenses $29K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -21%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$47K revenue · viewing · ⤓ 990 PDF
FY2024$60K revenue · ⤓ 990 PDF
FY2023$1K revenue · ⤓ 990 PDF
FY2022$29K revenue · ⤓ 990 PDF
FY2021$43K revenue · ⤓ 990 PDF
FY2020$-4K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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