Bf Foundation

GRUNDY, VA EIN: 54-1388355

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

-12.5% YoY

Avg Grant Size

$42K

+8.4% YoY

Under IRS private-foundation payout rules, Bf Foundation reported a distributable amount of $650K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Virginia $2.5M (84%)

Kentucky $397K (13%)

Tennessee $53K (2%)

North Carolina $31K (1%)

States

Kentucky North Carolina Tennessee Virginia

Cities

AbingdonAshevilleBooneBuchananEmoryGrundyHenricoMilliganPippa PassesRichlandsVansantWise

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)

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Buchanan County Ymca ($230,600), Boys & Girls Club of Central Appalachia ($150,000), Alice Llyod College ($60,000).

Recipient	Purpose	Amount
29TH JUDICIAL DISTRICT COURT APPOINTED SPECIAL ADVOCATES PROGRAM GRUNDY, VA	EDUCATIONAL	$600
ALICE LLYOD COLLEGE PIPPA PASSES, KY	EDUCATIONAL	$60,000
APPALACHAIN HIGHLANDS COMMUNITY DENTAL CENTER ABINGDON, VA	EDUCATIONAL	$25,000
BOYS & GIRLS CLUB OF CENTRAL APPALACHIA GRUNDY, VA	EDUCATIONAL	$150,000
BUCHANAN COUNTY TECHNOLOGY AND CAREER CENTER GRUNDY, VA	EDUCATIONAL	$30,000
BUCHANAN COUNTY YMCA GRUNDY, VA	EDUCATIONAL	$230,600
BUCHANAN FIRST PRESBYTERIAN CHURCH GRUNDY, VA	EDUCATIONAL	$5,000
THE COMMUNITY FOUNDATION OF WESTERN NC INC ASHEVILLE, NC	EDUCATIONAL	$15,600
SAMARITANS PURSE BOONE, NC	EDUCATIONAL	$15,000
FRIENDS OF BUCHANAN COUNTY LIBRARY BUCHANAN, VA	EDUCATIONAL	$12,500

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

Frequently Asked Questions

What does Bf Foundation fund?

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.

How do I apply for a grant from Bf Foundation?

**Grant Activity (2023)** • Total giving: $587,900 • Number of grants: 10 • Typical award range: $600–$230,600 **Recent Grants (2023)** • Boys and Girls Club of Central Appalachia: $150,000 (Educational) • Theatre Guild of Buchanan County: $25,000 (Educational) • Friends of the Buchanan County Library: $12,500 (Educational)

Where does Bf Foundation make grants?

The foundation primarily funds organizations in Virginia, North Carolina, and Kentucky, with a particular emphasis on the local Buchanan County, Virginia area.

What size grants does Bf Foundation award?

In 2024, Bf Foundation awarded 14 grants totaling $588K — an average of about $42K per grant, based on its IRS Form 990 filings.

How much is Bf Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Bf Foundation reported a distributable amount of $650K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.