FERREE EDUCATIONAL & WELFARE FUND
https://WWW.FERREEFOUNDATION.ORG
$2.2M
Total Assets (2024)
$62K
Total Giving (2024)
2
Grants on File (2023–2024)
$62K
Avg Grant Size
Focus Areas
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
FERREE EDUCATIONAL WELFARE FUND
Phone
3366292998
Deadlines
ON OR BEFORE MAY 15 EACH YEAR
How to Apply
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
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.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2023 | $70K | $2.2M | $116K | 1 |
| 2024 | $62K | $2.2M | $98K | 1 |
Grant Size Distribution
Min: $62K
Median: $66K
Avg: $66K
Max: $70K
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| LINDA CRANFORD | EXECUTIVE DIRECTOR | $16K |
| MICHAEL SMITH-ASHEBORO CITY BOE | TRUSTEE | — |
| DR AARON WOODY-SUPER OF CITY SCHOOL | TRUSTEE | — |
| DAVID SMITH-MAYOR OF ASHEBORO | TRUSTEE | — |
| MIKE KING-MARKET PRES WELLS FARGO | TREASURER | — |
| W MCDUFFY JOHNSON-THE WELSH GROUP | TRUSTEE | — |
| STEVEN GAINEY - SUPER OF CTY SCHOOL | CHAIRMAN | — |
| TRACIE MURPHY- DIRECTOR DSS | TRUSTEE | — |
| DARRELL FRYE-RAND CTY BOARD OF COM | TRUSTEE | — |
Grants Awarded (2 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| 35 DIFFERENT STUDENTS FOR 2023 | VARIOUS, NC | $70,000 | SCHOLARSHIPS | 2023 |
| 31 DIFFERENT STUDENTS FOR 2024 | VARIOUS, NC | $62,000 | SCHOLARSHIPS | 2024 |