BF Foundation

Private foundation · Grantmaker Grundy, VA EIN: 54-1388355

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.

Key facts about BF Foundation

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.

EIN
54-1388355
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$587,900
Grants made (2024)
14
Average grant
$41,993
Median grant
$15,600
New grantees (estimate)
21% first-time grantees (3 of 14, 2024)
Total assets
$7,277,573
Primary geography
Virginia (85% of itemized 2024 grant dollars)
How to apply
The foundation does not restrict giving to preselected organizations. Full details ↓
Deadline
By year-end, December 31.

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

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

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.

Is BF Foundation open to new grantees?

21%

first-time grantees, 2024

In 2024, 3 of 14 grantees (21%) were first-time recipients. 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.

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.

Review Cycle

By year-end, December 31.

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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

4states

Share of all 14 itemized 2024 grant dollars.

Cities

GrundyAbingdonPippa PassesWiseMilliganBuchananVansantRichlandsAshevilleBooneEmoryHenrico

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K10 grants202011 grants202114 grants202216 grants202314 grants2024

From 2020 to 2024, annual grant giving ranged from $564K (2021) to $684K (2022). In 2024 it made 14 grants totaling $588K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Buchanan County YMCA: $231KBuchanan County YMCA$231KBoys & Girls Club of Central Appalachia: $150KBoys & Girls Club of CentralAppalachia$150KAlice Llyod College: $60KAlice Llyod College$60KBuchanan County Technology and Career Center: $30KBuchanan County Technology andCareer Center$30KAppalachain Highlands Community Dental Center: $25KAppalachain HighlandsCommunity Dental Center$25KTheatre Guild of Buchanan County Inc: $20KTheatre Guild of BuchananCounty Inc$20KThe Community Foundation of Western NC Inc: $16KThe Community Foundation ofWestern NC Inc$16KBaptist General Associaion of Virginia: $16KBaptist General Associaion ofVirginia$16KSamaritans Purse: $15KSamaritans Purse$15KFriends of Buchanan County Library: $13KFriends of Buchanan CountyLibrary$13K

The largest 2024 recipient was Buchanan County YMCA ($231K). Together the top 10 received $574K.

Grant Size Distribution

65 grants across all recorded years

46<$50K7$50–100K12$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 46 grants of 65 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Buchanan County YMCA Grundy, VAEducational$230,600
Boys & Girls Club of Central Appalachia Grundy, VAEducational$150,000
Alice Llyod College Pippa Passes, KYEducational$60,000
Buchanan County Technology and Career Center Grundy, VAEducational$30,000
Appalachain Highlands Community Dental Center Abingdon, VAEducational$25,000
Theatre Guild of Buchanan County Inc Vansant, VAEducational$20,000
The Community Foundation of Western NC Inc Asheville, NCEducational$15,600
Baptist General Associaion of Virginia Henrico, VAEducational$15,600
Samaritans Purse Boone, NCEducational$15,000
Friends of Buchanan County Library Buchanan, VAEducational$12,500

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $7,277,573 $1,422,633 $738,608 $587,900
2023 $6,586,255 $781,967 $756,292 $620,000
2022 $6,559,268 $158,756 $816,363 $683,860
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M20202021202220232024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Dawneda Williams — Secretary/Treasurer: $43KDawneda WilliamsSecretary/Treasurer$43K

The highest reported compensation on the 2024 filing was $43K, to Dawneda Williams (Secretary/Treasurer).

Contact

Application contact: Dawneda Williams
Mailing address: PO Box 1777, Grundy, VA 24614
Phone: (276) 935-2994

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).

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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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