Financials
Commitment
Grandfather Community Foundation is committed to strong fiduciary oversight of its donated funds, while balancing the commitment to maximize benefits to our community and neighbors in need. GCF maintains a Charitable Solicitation License issued by the North Carolina Secretary of State. GCF files an annual IRS Form 990 which is available here.
2023 990 Form is also available here.
goal
GCF's scholarship programs are administered and endowment funds are held by the Community Foundation of Henderson County, which has an annual audit available at cfhcforever.org
Contact us and we'll be happy to get back to you as soon as we can.
Due to high audit fees, GCF does not presently undergo a financial audit. Audits are expensive. GCF prefers to maximize the use of its contributions for the benefit of the community and its residents. GCF employs several cost-effective ways to protect its assets.
GCF has the following safeguards around its contributed funds:
• Financial Transactions are handled and monthly financial reports are produced by an independent agency, Southcliff Business Services LLC. GCF's Board of Directors review financial reports.
• GCF's scholarship programs are administered, and endowment funds are held, by the Community Foundation of Henderson County, which has an annual audit.
• Annually GCF files a Form 990, detailing its financial results , with the IRS. The 990 is prepared by the independent accounting firm, Forvis Mazars, LLP. The most recent GCF 990 is available here.
grandfather community foundation
