Financial & Legal
The Asheville City Schools Foundation is a registered 501(c)(3) organization.
EIN# 58-1836982
Financials 2024-2025
Revenue & Support
Contributions ……………………………………. $636,683.00
Foundation and Nonprofit Grants ….....….……… $815,392.00
Government Contracts and Grants….….….……..... $33,750.00
Investment Income (CFWNC)...….…………….... $205,856.00
Program Service Revenue ..……….….………..….... $61,608.00
Special Events Income………....………...………….($3,074.00)
Other Income ……………….…………………...... $32,543.00
Total Revenue and Support ….……………..… $1,782,758.00
Operating Expenses
Program Services …………….…..…………...… $1,226,520.00
Management and General …………….………….. $101,847.00
Fundraising ………………………..…...………….. $59,615.00
Total Expenses ……………………………....... $1,387,982.00
Commitment to Racial Equity
The Asheville City Schools Foundation believes that how we allocate money is a reflection and demonstration of our commitment to racial equity in Asheville City Schools. Funding for programming and scholarships is equitably and intentionally allocated to support black and brown students. This priority puts financial resources toward undoing historical inequities and closing the opportunity gap that adversely impacts black and brown students. ACSF works to accomplish this goal by directly funding students, parents, educators, artists, Black-led nonprofits, and Black-owned businesses.