Bales Family Foundation
Bales Family Foundation is a private foundation, based in Glen Allen, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $480K in total assets. In 2025, it awarded 2 grants totaling $10K. Net investment income was $21K.
Bales Family Foundation at a glance
In short: Bales Family Foundation gave $10K across 2 grants in 2025 (avg $5K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,000
- -68.3% vs 2024
- Grants made (2025)
- 2
- -60.0% vs 2024
- Average grant
- $5,000
- -20.6% vs 2024
- Median grant
- $5,000
- Total assets
- $480,059
- +21.9% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Bales Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Commonwealth Public Broadcasting ($5K). Together the top 2 received $10K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Bales Family Foundation gives
- Giving fell 78% from 2022 to 2025. Method
- In 2025 it paid out 28% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2025) to $45K (2022). In 2025 it made 2 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Commonwealth Public Broadcasting Richmond, VA | General Support | $5,000 |
| WHRO Public Media Williamsburg, VA | General Support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $480,059 | $100,704 | $14,413 | $10,000 | 2 | $10,000 | $20,704 | $35,990 |
| 2024 | $393,768 | $98,172 | $37,513 | $31,500 | 5 | $31,500 | $71,622 | $30,302 |
| 2023 | $333,109 | $16,370 | $33,784 | $30,000 | 1 | $30,000 | $13,602 | $27,785 |
| 2022 | $350,523 | $75,082 | $56,456 | $45,000 | 1 | $45,000 | $62,936 | $31,286 |
| 2021 | $331,897 | $13,733 | $47,550 | $45,000 | 1 | $45,000 | $11,183 | $35,168 |
| 2020 | $365,714 | $783,674 | $39,798 | $35,500 | 5 | — | $276,032 | $11,046 |
Under IRS private-foundation payout rules, Bales Family Foundation reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bales Family Foundation is led by William B. Bales, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
William B. Bales
President
On filings since 2020
0.5 hrs/week
No compensation reported
Marna Bales
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Charles C. Bales
Vice President
On filings since 2020
0.5 hrs/week
No compensation reported
Marga L. Bales
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
William B. Bales II
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Bales Family Foundation
How much does Bales Family Foundation give each year?
Bales Family Foundation gave $10K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 5 grants.
How large is Bales Family Foundation?
Bales Family Foundation reported $480K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Bales Family Foundation operate?
Bales Family Foundation has awarded grants in New York, Virginia.
What is Bales Family Foundation's EIN?
Bales Family Foundation's EIN (Employer Identification Number) is 83-2521945. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
Live grants for the work Bales Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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