Ferree Educational & Welfare Fund
Accepts applications
Ferree Educational & Welfare Fund is a private foundation in Asheboro, North Carolina. In tax year 2024 it gave $62,000 in 1 grant; the typical grant was $62,000 and the largest $62,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$62,000
- Number of grants1
- Typical grant$62,000
- Largest grant$62,000
- Assets$2.2 million
Giving in 2024 was down from $70,000 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $70,000 | 1 | $2.2 million |
| 2024 | $62,000 | 1 | $2.2 million |
How to apply
| Contact | Ferree Educational Welfare Fund PO Box 2207, Asheboro, NC 27205 |
|---|---|
| Phone or email | (336) 629-2998 |
| What to submit | The application form should be completed and be sure to include the following information: 1) current picture - new applicant only (with name and school on back) 2) type of request - scholarship, loan or both 3) application new or renewal 4) amount of ferree loan request for the year 5) list of any other pertinent financial information which applies to the students personal situation, i.e., medical needs, care of grandparents, other post-secondary education expenses fo family, and the like 6) copies of the first two pages of the 1040 IRS return for the previous year 7) in the students own handwriting - a personal statement about the student, expressing their hopes, ambitions, and educational goals 8) current high school or college transcript to be included - for new applicants only 9) name and permanent address of someone (non-parent) who will always know the student's address 10) check the box that application is complete 11) parent or guardian signature |
| Deadlines | On or before may 15 each year |
| Restrictions | New students must have graduated from one of the asheboro city or randolph county public high schools. A new student attending rcc that is not right out of high school must be a resident of randolph county. The application requires the attendance at an accredited institution of higher learning with the current limit on scholarship of $2,000 per year. Loans - all returning students were funded at the usual rate of $1,000 per year for four-year degree students and $500 per year for community college students. All new students funded at $500 per year for community college students. |
Foundation website IRS filings on ProPublica
What Ferree Educational & Welfare Fund funds
Where it gives
All of its grants went to recipients in North Carolina.
| State | Grants | Amount |
|---|---|---|
| North Carolina | 1 | $62,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | Scholarships | $62,000 |
Officers and trustees
- Dr Aaron Woody-Super of City School
- David Smith-Mayor of Asheboro
- Mike King-Market Pres Wells Fargo
- Linda Cranford
- W McDuffy Johnson-The Welsh Group
- Steven Gainey - Super of Cty School
- Tracie Murphy- Director DSS
- Darrell Frye-Rand Cty Board of Com
- Michael Smith-Asheboro City Boe
Questions people ask
Does Ferree Educational & Welfare Fund accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: On or before may 15 each year.
How much does Ferree Educational & Welfare Fund give?
$62,000 in tax year 2024, across 1 grant, with a typical grant of $62,000.
Who runs Ferree Educational & Welfare Fund?
Its 2024 filing lists Dr Aaron Woody-Super of City School (Trustee), David Smith-Mayor of Asheboro (Trustee), Mike King-Market Pres Wells Fargo (Treasurer) and Linda Cranford (Executive Director) among 9 officers and trustees.
What does Ferree Educational & Welfare Fund fund?
Based on its grants, mainly education.