Bailey Family Foundation Inc
The Bailey Family Foundation Inc is a private 501(c)(3) foundation established in 1992 and headquartered in Vero Beach, Florida. The foundation was created by Ron K. Bailey to improve access to post-secondary education. It operates as a family foundation with a focus on educational scholarships and charitable giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
-6.4% YoY
Annual Giving
$323K
-27.9% YoY
Grant Count
89
-28.2% YoY
Avg Grant Size
$4K
+0.5% YoY
Under IRS private-foundation payout rules, Bailey Family Foundation Inc reported a distributable amount of $521K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is dedicated to expanding the availability and enhancing the quality of post-secondary education.
Primary funding areas include:
- Education (32% of giving)
- Religion (29% of giving)
- Social & Human Services (approximately 15% of giving)
Grantmaking
The Bailey Family Foundation distributes over $2,000,000 annually to fund more than 500 scholarships, primarily in Hillsborough, Pinellas, and Polk counties in west central Florida.
Review Cycle
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How to Apply
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Geographic Focus
Where this funder awards grants
Approximately 47% of grants remain in Florida. Other states receiving significant grant support include North Carolina, Virginia, Texas, and Illinois.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $2,578,794
- Total Revenues: $211,034
- Total Expenses: $387,602
- Investment Income and Dividends: $211,002
As of December 2023:
- Total Assets: $2.76 Million
- Total Revenues: $567,000
- Total Expenses: $514,000
Cumulative Impact: The foundation has distributed $36 million to date since its establishment.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,578,794 | $2,755,965 | $2,692,385 |
| Revenue | $211,034 | $566,776 | $438,618 |
| Expenses | $387,602 | $513,824 | $585,911 |
| Qualifying Distributions | $377,267 | $504,863 | $583,406 |
| Net Investment Income | $210,383 | $567,226 | $437,978 |
| Distributable Amount | $521,143 | $445,768 | $464,675 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Abccm Doctors Medical Clinic Inc ($10,000), Carolina Day School Inc ($10,000), Hope for Families Center ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ABCCM DOCTORS MEDICAL CLINIC INC ASHEVILLE, NC | CHARITABLE PURPOSES | $10,000 |
| AFP & CC TITUSVILLE, FL | CHARITABLE PURPOSES | $600 |
| AIR FORCE AID SOCIETY ARLINGTON, VA | CHARITABLE PURPOSES | $1,000 |
| ALZHEIMER AND PARKINSON ASSOCIATION OF IR VERO BEACH, FL | CHARITABLE PURPOSES | $1,000 |
| AMERICAN FARMLAND TRUST WASHINTON, DC | CHARITABLE PURPOSES | $5,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | CHARITABLE PURPOSES | $500 |
| AMERICAN RED CROSS OF IR VERO BEACH, FL | CHARITABLE PURPOSES | $5,000 |
| AMERICAN WHITEWATER SYLVA, NC | CHARITABLE PURPOSES | $5,000 |
| APPALACHIAN TRAIL CONSERVANCY HARPERS FERRY, WV | CHARITABLE PURPOSES | $2,000 |
| ASAP MINISTRIES BERRIEN SPRINGS, MI | CHARITABLE PURPOSES | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Founder: Ron K. Bailey
Board of Trustees (Founding Members): Ron Bailey, Beverly Bailey, Kyle Bailey, and Kent Bailey
Current Leadership:
- Lucia H. Bailey, President
- J. Vincent Boyle, Vice President
- Blythe L. Burge, Secretary
Donors: Stephen M. Bailey and Lucia H. Bailey
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LUCIA H BAILEY | PRES/DIRECTOR | 5 | — |
| BLYTHE L BURGE | SEC/DIRECTOR | 10 | $49,980 |
| J VINCENT BOYLE | V.P./TREAS/DIR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has made significant recent grants to major educational institutions, including contributions to University of Florida Health and The Wertheim UF Scripps Institute to expand STEM education initiatives.
Austin-Bailey Foundation awards nearly $200,000 in grants, scholarshipsThe Spring 2025 Newsletter was recently published, and the foundation announced a transition in its scholarship program beginning in 2026 to focus exclusively on renewal applications for existing scholarship recipients.
Austin-Bailey Foundation awards nearly $200,000 in grants, scholarshipsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Bailey Family Foundation Inc fund?
The foundation's mission is dedicated to expanding the availability and enhancing the quality of post-secondary education. Primary funding areas include: • **Education** (32% of giving) • **Religion** (29% of giving) • **Social & Human Services** (approximately 15% of giving)
How do I apply for a grant from Bailey Family Foundation Inc?
The Bailey Family Foundation distributes over $2,000,000 annually to fund more than 500 scholarships, primarily in Hillsborough, Pinellas, and Polk counties in west central Florida. **Scholarship Programs:** • **High School Students**: $5,000 renewable scholarships (up to 4 years) for high school seniors demonstrating financial need, scholastic achievement, and dedication to community service • **College Students**: $5,000 non-renewable scholarships for college students meeting similar criteria…
Where does Bailey Family Foundation Inc make grants?
Approximately 47% of grants remain in Florida. Other states receiving significant grant support include North Carolina, Virginia, Texas, and Illinois.
What size grants does Bailey Family Foundation Inc award?
In 2024, Bailey Family Foundation Inc awarded 89 grants totaling $323K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Bailey Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bailey Family Foundation Inc reported a distributable amount of $521K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bailey Family Foundation Inc's EIN?
Bailey Family Foundation Inc's EIN (Employer Identification Number) is 59-3154364. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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