Bf Foundation
BF Foundation is a private foundation established in 1986 and headquartered in Grundy, Virginia. As a 501(c)(3) organization, it has been tax-exempt since April 1987. The foundation operates with no employees and focuses its philanthropic efforts on educational, medical, and charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.3M
+10.5% YoY
Annual Giving
$588K
-5.2% YoY
Grant Count
14
-12.5% YoY
Avg Grant Size
$42K
+8.4% YoY
Mission & Focus Areas
The foundation's stated purpose is to provide giving for educational, medical, and needy individuals. Primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Religion-Related activities
The foundation primarily funds organizations in Virginia, North Carolina, and Kentucky.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia, North Carolina, and Kentucky, with a particular emphasis on the local Buchanan County, Virginia area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $6,586,255
- Total Revenues: $781,967
- Total Expenses: $756,292
- Total Liabilities: $3,070
Revenue Composition (2023):
- Investment income and dividends: $221,210
- Net gain from sale of non-inventory assets: $560,757
Year-over-Year Changes:
- Investment income decreased 4.2% from 2022 to 2023
- Net gain from asset sales increased significantly (878.2% change from 2022)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,277,573 | $6,586,255 | $6,559,268 |
| Revenue | $1,422,633 | $781,967 | $158,756 |
| Expenses | $738,608 | $756,292 | $816,363 |
| Qualifying Distributions | $599,742 | $631,842 | $695,702 |
| Net Investment Income | $1,331,606 | $712,536 | $157,153 |
| Distributable Amount | $649,846 | $580,965 | $630,063 |
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
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Stafford H. Williams III – President
- Dawneda Fowler Williams – Secretary/Treasurer
- Lucy Bowman – Director
- Barry Elswick – Director
- Daniel S. Street – Director
- Alfred Moore – Director
- St. Mullins – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAWNEDA WILLIAMS | SECRETARY/TREASURER | 5 | $43,260 |
| ST MULLINS | DIRECTOR | 1 | — |
| DANIEL S STREET | DIRECTOR | 1 | — |
| STAFFORD H WILLIAMS III | PRESIDENT | 1 | — |
| LUCY BOWMAN | DIRECTOR | 1 | — |
| BARRY ELSWICK | DIRECTOR | 1 | — |
Contact Information
- Address: PO Box 1777, Grundy, VA 24614-1777
- Telephone: 865-288-3028
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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