BF Foundation
BF Foundation is a private foundation based in Grundy, Virginia. It makes contributions to 501(c)(3) organizations, with its filing describing awards as supporting education and other area charitable purposes involving education.
BF Foundation at a glance
In short: BF Foundation gave $588K across 14 grants in 2024 (avg $42K), mostly in Virginia. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $587,900
- -5.2% vs 2023
- Grants made (2024)
- 14
- -12.5% vs 2023
- Average grant
- $41,993
- +8.4% vs 2023
- Median grant
- $15,600
- Total assets
- $7,277,573
- +10.5% vs 2023
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2024; small sample)
- Primary geography
- Virginia (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to BF Foundation
- How to Apply
-
The foundation does not restrict giving to preselected organizations. There is no formal application format; applicants should provide information about how the funds will be used. The filing states that awards have no restrictions other than use for educational purposes and support of other area charitable purposes involving education.
- Review Cycle
- By year-end, December 31.
- Deadline
- By year-end, December 31.
- Contact
Application contact: Dawneda Williams
Mailing address: PO Box 1777, Grundy, VA 24614
Phone: (276) 935-2994
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who BF Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Buchanan County YMCA ($231K). Together the top 10 received $574K.
Grant Size Distribution
65 grants across all recorded years
The most common grant size was under $50K: 46 grants of 65 (71%).
Geographic Focus
Where this funder awards grants
In 2024, 85% of grant dollars went to recipients in Virginia, 10% to Kentucky, and 5% to North Carolina.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is BF Foundation open to new grantees?
21%
first-time grantees, 2024
In 2024, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $15K; repeat grants $49K. How we count
Medians: $16K first-time, $20K repeat.
- 79% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $564K (2021) to $684K (2022). In 2024 it made 14 grants totaling $588K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Buchanan County YMCA Grundy, VA | Educational | $230,600 |
| Boys & Girls Club of Central Appalachia Grundy, VA | Educational | $150,000 |
| Alice Llyod College Pippa Passes, KY | Educational | $60,000 |
| Buchanan County Technology and Career Center Grundy, VA | Educational | $30,000 |
| Appalachain Highlands Community Dental Center Abingdon, VA | Educational | $25,000 |
| Theatre Guild of Buchanan County Inc Vansant, VA | Educational | $20,000 |
| The Community Foundation of Western NC Inc Asheville, NC | Educational | $15,600 |
| Baptist General Associaion of Virginia Henrico, VA | Educational | $15,600 |
| Samaritans Purse Boone, NC | Educational | $15,000 |
| Friends of Buchanan County Library Buchanan, VA | Educational | $12,500 |
Ready to take the next step with BF Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,277,573 | $1,422,633 | $738,608 | $587,900 | 14 | $599,742 | $1,331,606 | $649,846 |
| 2023 | $6,586,255 | $781,967 | $756,292 | $620,000 | 16 | $631,842 | $712,536 | $580,965 |
| 2022 | $6,559,268 | $158,756 | $816,363 | $683,860 | 14 | $695,702 | $157,153 | $630,063 |
| 2021 | $7,223,149 | $853,888 | $710,819 | $564,100 | 11 | $575,942 | $775,080 | $696,396 |
| 2020 | $7,073,913 | $362,181 | $698,572 | $570,700 | 10 | — | $295,455 | $576,635 |
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 September 2026.
Mission & Focus Areas
The foundation does not state a mission in the available information. Its filing says awards are to be used for educational purposes and to support other area charitable purposes involving education.
Its 2024 grants included support for youth, higher education, career and technology education, community theatre, libraries, a museum, and charitable organizations. For example, the Boys & Girls Club of Central Appalachia says its mission is to help young people, particularly those facing disadvantage, develop as responsible citizens and leaders. Alice Lloyd College describes its mission as educating mountain people for leadership and making college accessible to qualified mountain students regardless of financial situation. The Friends of Buchanan County Library say they support the library through volunteer work, programs, and fundraising.
Grantmaking
In 2024, the foundation reported 14 grants totaling $587,900. Awards ranged from $600 to $230,600, with a median grant of $15,600.
The largest reported awards included $230,600 to Buchanan County YMCA and $150,000 to Boys & Girls Club of Central Appalachia, both in Grundy, Virginia; $60,000 to Alice Lloyd College in Pippa Passes, Kentucky; and $30,000 to Buchanan County Technology and Career Center in Grundy. Other reported grants included $25,000 to Appalachian Highlands Community Dental Center, $20,000 to Theatre Guild of Buchanan County, $15,600 each to The Community Foundation of Western NC and Baptist General Association of Virginia, and $15,000 to Samaritan’s Purse.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Dawneda Williams as secretary/treasurer; Stafford H Williams III as president; and St Mullins, Daniel S Street, Lucy Bowman, and Barry Elswick as directors.
BF Foundation is led by Stafford H. Williams III, President on every filing since 2020; 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Stafford H. Williams III
President
On filings since 2020
1 hr/week
No compensation reported
Daniel S. Street
Director
On filings since 2020
1 hr/week
$600 (2020) → $0 (2024)
Barry Elswick
Director
On filings since 2020
1 hr/week
No compensation reported
Lucy Bowman
Director
On filings since 2020
1 hr/week
No compensation reported
St Mullins
Director
On filings since 2020
1 hr/week
No compensation reported
Dawneda Williams
Secretary & Treasurer
On filings since 2020
5 hrs/week
$43K (2020) → $43K (2024)
Former officers (1)
- Former: Ha Street (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $43K, to Dawneda Williams (Secretary/Treasurer).
Frequently asked questions about BF Foundation
How much does BF Foundation give each year?
BF Foundation gave $588K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $620K across 16 grants.
What is BF Foundation's typical grant size?
BF Foundation's median grant in 2024 was $15,600, and its average grant was $41,993, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from BF Foundation that year got $15K on average.
Where does BF Foundation give grants?
BF Foundation gives mostly in Virginia: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Kentucky (10%) and North Carolina (5%). The most frequent recipient cities were Grundy, VA (6 grants) and Abingdon, VA (2 grants).
Does BF Foundation give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on BF Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (14 grants).
Who are BF Foundation's largest grantees?
BF Foundation's largest 2024 grantees include Buchanan County YMCA ($230,600), Boys & Girls Club of Central Appalachia ($150,000) and Alice Llyod College ($60,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is BF Foundation?
BF Foundation reported $7.3M in total assets on its 2024 IRS Form 990-PF. It paid out $600K in qualifying distributions that year, against a required minimum of $650K (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.
What does BF Foundation fund?
The foundation does not state a mission in the available information. Its filing says awards are to be used for educational purposes and to support other area charitable purposes involving education. See mission & focus areas ↑
How do I apply for a grant from BF Foundation?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is BF Foundation's EIN?
BF Foundation's EIN (Employer Identification Number) is 54-1388355. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). BF Foundation funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/bf-foundation-morg_2c418b92e5294e4f8e1124535f7e9b59
BibTeX
@misc{grantable_541388355_2026,
author = {{Grantable}},
title = {{BF Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/bf-foundation-morg_2c418b92e5294e4f8e1124535f7e9b59},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from BF Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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