Bill and Connie Timmons Foundation
The Bill and Connie Timmons Foundation is a private foundation based in Wilmington, Delaware. In 2024, it made 49 grants totaling $1,445,950 to charitable organizations, including schools, a university, a theatre, and community organizations.
Bill and Connie Timmons Foundation at a glance
In short: Bill and Connie Timmons Foundation gave $1.4M across 49 grants in 2024 (avg $30K), mostly in South Carolina. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,445,950
- +0.6% vs 2023
- Grants made (2024)
- 49
- +4.3% vs 2023
- Average grant
- $29,509
- -3.5% vs 2023
- Median grant
- $17,000
- Total assets
- $4,699,291
- +1.4% vs 2023
- New grantees (estimate)
- 18% first-time grantees (7 of 38, 2024)
- Primary geography
- South Carolina (52% 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 Bill and Connie Timmons Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Bill and Connie Timmons Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Parents and Friends of Hancock Inc ($250K). Together the top 10 received $1.1M.
Grant Size Distribution
261 grants across all recorded years
The most common grant size was under $50K: 235 grants of 261 (90%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went primarily to organizations in South Carolina (52%), North Carolina (20%), and Georgia (17%). Indiana received 6% and Tennessee 4%.
Grant Distribution by State
Share of 2024 grant dollars across all 49 itemized grants.
States
Cities
Is Bill and Connie Timmons Foundation open to new grantees?
18%
first-time grantees, 2024
In 2024, 7 of 38 grantees (18%) were first-time recipients. First grants averaged $7K; repeat grants $45K. How we count
Medians: $3K first-time, $20K repeat.
- 66% of 2024 grantees were also funded in 2023. Method
- Giving grew 57% from 2021 to 2024. Method
- In 2024 it paid out 714% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). 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 2019 to 2024, annual grant giving ranged from $907K (2022) to $1.4M (2024). In 2024 it made 49 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Parents and Friends of Hancock Inc Savannah, GA | Cafeteria Upgrade Fund | $250,000 |
| Salem Academy & College Winston-Salem, NC | General & Unrestricted | $250,000 |
| Ratio Christi Inc Merrillville, IN | General & Unrestricted | $90,000 |
| Furman University Greenville, SC | Basketball Facility Enhancement Fund | $81,250 |
| Furman University Greenville, SC | Timmons Arena Renovation Fund | $50,000 |
| Furman University Greenville, SC | Timmons Arena Expansion Fund | $50,000 |
| Faces and Voices of Recovery Greenville Greenville, SC | General & Unrestricted | $40,000 |
| Greenville Theatre Greenville, SC | General & Unrestricted | $35,000 |
| Power Foundation Inc Piedmont, SC | General & Unrestricted | $35,000 |
| Delmarva Education Association Winston-Salem, NC | General & Unrestricted | $32,000 |
Ready to take the next step with Bill and Connie Timmons Foundation?
Financial History
Multi-year comparison from IRS filings
The foundation reported that its 2024 distributions from sources other than current income totaled $1,445,950, an amount equal to at least 25% of its net assets of $4,787,890 at the beginning of that taxable year. It stated that it has no plans for dissolution.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,699,291 | $1,540,837 | $1,480,657 | $1,445,950 | 49 | $1,464,396 | $251,108 | $205,207 |
| 2023 | $4,636,412 | $1,338,987 | $1,471,920 | $1,437,750 | 47 | $1,455,835 | $112,265 | $189,178 |
| 2022 | $4,769,345 | $1,380,087 | $942,542 | $907,400 | 49 | $925,893 | $91,110 | $185,997 |
| 2021 | $4,331,800 | $1,486,809 | $955,642 | $923,014 | 54 | $940,750 | $196,998 | $173,291 |
| 2020 | $3,800,633 | $1,365,393 | $1,317,008 | $1,287,817 | 62 | — | $79,767 | $144,734 |
| 2019 | $3,752,248 | $1,371,051 | $1,146,877 | $1,117,410 | 68 | — | $85,687 | $134,990 |
Under IRS private-foundation payout rules, Bill and Connie Timmons Foundation reported a distributable amount of $205K 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
No mission statement for the foundation is provided. Its 2024 grants included support for education, arts, community services, and other charitable activities. For example, Parents and Friends of Hancock describes its mission as operating a private school for children in pre-K through eighth grade; Furman University describes its mission as providing a distinctive liberal arts education; and Greenville Theatre describes its mission as serving as a regional theatre and arts institution in Upstate South Carolina.
Grantmaking
In 2024, the foundation made 49 grants totaling $1,445,950. Awards ranged from $500 to $250,000, with a median grant of $17,000. Notable grants included $250,000 to Parents and Friends of Hancock for a cafeteria upgrade fund and $250,000 to Salem Academy & College for general and unrestricted purposes. Furman University received three grants: $81,250 for a basketball facility enhancement fund, $50,000 for a Timmons Arena renovation fund, and $50,000 for a Timmons Arena expansion fund. Other grants included $90,000 to Ratio Christi Inc for general and unrestricted purposes, $40,000 to Faces and Voices of Recovery Greenville for general and unrestricted purposes, and $35,000 to Greenville Theatre for general and unrestricted purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sydney Taylor as president, director, and secretary, and Tracy Hardaway as director and vice president.
Bill and Connie Timmons Foundation is led by Sydney Taylor, President, Director & Secretary on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sydney Taylor
President, Director & Secretary
On filings since 2019
1 hr/week
No compensation reported
Tracy Hardaway
Director & Vice President
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Bill and Connie Timmons Foundation
How much does Bill and Connie Timmons Foundation give each year?
Bill and Connie Timmons Foundation gave $1.4M across 49 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 47 grants.
What is Bill and Connie Timmons Foundation's typical grant size?
Bill and Connie Timmons Foundation's median grant in 2024 was $17,000, and its average grant was $29,509, across 49 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Bill and Connie Timmons Foundation that year got $7K on average.
Where does Bill and Connie Timmons Foundation give grants?
Bill and Connie Timmons Foundation gives mostly in South Carolina: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (20%) and Georgia (17%). The most frequent recipient cities were Greenville, SC (29 grants), Columbia, SC (4 grants), Winston-Salem, NC (2 grants) and Franklin, TN (2 grants).
Does Bill and Connie Timmons Foundation give general operating support?
Yes: 55% of Bill and Connie Timmons Foundation's 2024 grants with a stated purpose (27 of 49) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Charitable Event" (3 grants).
Who are Bill and Connie Timmons Foundation's largest grantees?
Bill and Connie Timmons Foundation's largest 2024 grantees include Parents and Friends of Hancock Inc ($250,000), Salem Academy & College ($250,000) and Furman University ($239,250 across 6 grants), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.
How large is Bill and Connie Timmons Foundation?
Bill and Connie Timmons Foundation reported $4.7M in total assets on its 2024 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $205K (roughly 5% of its investment assets).
What does Bill and Connie Timmons Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for education, arts, community services, and other charitable activities. See mission & focus areas ↑
How do I apply for a grant from Bill and Connie Timmons Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Bill and Connie Timmons Foundation's EIN?
Bill and Connie Timmons Foundation's EIN (Employer Identification Number) is 46-0538725. IRS Form 990 filing data is available on this page for 2019–2024.
Does Bill and Connie Timmons Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 23, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Bill and Connie Timmons Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Delaware
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Charles Timmons Foundation
Wilmington, DE
The Charles Timmons Foundation funds charitable organizations in areas including education, religion, human services, and the arts, primarily in South Carolina. Its 2025 grants ranged from $500 to $137,000, with a median of $2,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$11.2M
Grants
49
Total Given
$447K
The Jolley Foundation
Greenville, SC
The Jolley Foundation funds work addressing poverty, discrimination, and racial and social inequity, including advocacy, organizational capacity, education, health equity, and equitable economic development, primarily serving Greenville County, South Carolina. Its 2025 grants ranged from $1,555 to $150,000, with a median of $30,000; it asks prospective applicants to contact it before applying and accepts applications through two annual cycles.
Assets
$30.8M
Grants
87
Total Given
$2.7M
United Community Bank Foundation
Greenville, SC
United Community Bank Foundation funds economic empowerment, arts, housing and youth development in communities served across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. Its 2025 grants ranged from $250 to $16,000, with a median of $2,000. It does not accept unsolicited requests; grants go to preselected organizations.
Assets
$12.6M
Grants
235
Total Given
$505K
American Electric Power Foundation
Wilmington, DE
The American Electric Power Foundation funds education, especially STEM, basic human services, social justice, and environmental protection, primarily for organizations in AEP’s service territory or with broader beneficial impact. Its 2025 grants ranged from $500 to $1,428,570, with a median of $10,000. It does not accept unsolicited requests; eligible organizations need an invitation from their local AEP Operating Company.
Assets
$43.6M
Grants
753
Total Given
$23.0M
Puget Sound Energy Foundation
Wilmington, DE
The Puget Sound Energy Foundation funds nonprofits serving communities where PSE has a service or generation presence, primarily in Washington, across household needs, education and workforce pathways, climate resilience, and community safety. Grants vary widely; in 2024 they ranged from $13 to $100,000, with a $500 median, while its 2026 disaster-focused competitive program offers up to $15,000. It generally does not accept unsolicited requests, but eligible local nonprofits can apply through that competitive program.
Assets
$19.6M
Grants
451
Total Given
$1.2M
More similar funders
More Funders in Delaware
Cite this profile
Grantable. (2026). Bill and Connie Timmons Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/bill-and-connie-timmons-foundation-morg_9a710d5ea95d4f34810215dfbc67067d
BibTeX
@misc{grantable_460538725_2026,
author = {{Grantable}},
title = {{Bill and Connie Timmons Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/bill-and-connie-timmons-foundation-morg_9a710d5ea95d4f34810215dfbc67067d},
note = {Accessed 2026-10-13. 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 Bill and Connie Timmons 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.
Bill and Connie Timmons Foundation down — hundreds of funders to go?