Boyd Foundation
Boyd Foundation is a private foundation focused on Community and economic development, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $489K in total assets. In 2024, it awarded 6 grants totaling $5K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$489K
-7.1% YoY
Annual Giving
$5K
-9.1% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$833.333
-9.1% YoY
Under IRS private-foundation payout rules, Boyd Foundation reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
About Boyd Foundation
Based on IRS filings
Boyd Foundation is a private foundation focused on Community and economic development, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $489K in total assets. In 2024, it awarded 6 grants totaling $5K. Net investment income was $6K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $489,104 | $526,296 | $281,162 |
| Revenue | $-27,198 | $253,897 | $21,659 |
| Expenses | $9,994 | $8,788 | $37,529 |
| Qualifying Distributions | $5,000 | $5,500 | $34,000 |
| Net Investment Income | $6,358 | $3,910 | $21,659 |
| Distributable Amount | $31,836 | $16,562 | $14,615 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Baptist Church of Dallas Texas ($1,000), International Fellowship of Christians and Jews ($1,000), Island Fellowship Church ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST BAPTIST CHURCH OF DALLAS TEXAS DALLAS, TX | CONTRIBUTION | $1,000 |
| INTERNATIONAL FELLOWSHIP OF CHRISTIANS AND JEWS CHICAGO, IL | CONTRIBUTION | $1,000 |
| ISLAND FELLOWSHIP CHURCH | CONTRIBUTION | $1,000 |
| FIRST BAPTIST CHURCH OF FORT LAUDERDALE CORAL SPRINCE, FL | CONTRIBUTION | $500 |
| FLORIDA FAITH CHURCH FORT LAUDERDALE, FL | CONTRIBUTION | $500 |
| TURNING POINT FOR GOD SAN DIEGO, CA | CONTRIBUTION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH W BOYD III | PRESIDENT | — | — |
| JUSTIN R BOYD | PRESIDENT | — | — |
| KATHRYN VERREAULT | PRESIDENT | — | — |
| CHRISTOPHER VILLA | VICE PRESIDENT,ASST SECRETARY,TREASURE | — | — |
| FRANK B MINSCHKE II | VICE PRESIDENT,SECRETARY,TREASURER | — | — |
| JOSEPH W BOYD JR | SOLE DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Boyd Foundation?
Boyd Foundation is a private foundation focused on Community and economic development, based in VIRGINIA BEACH, VA. It holds $489K in total assets as of 2024.
How large is Boyd Foundation?
As of 2024, Boyd Foundation holds $489K in total assets with $-27,198 in annual revenue. It awarded 6 grants totaling $5K in 2024.
Where does Boyd Foundation operate?
Boyd Foundation has awarded grants in California, Florida, Illinois, Michigan, Pennsylvania, Texas.
What size grants does Boyd Foundation award?
In 2024, Boyd Foundation awarded 6 grants totaling $5K — an average of about $833.333 per grant, based on its IRS Form 990 filings.
How much is Boyd Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Boyd Foundation reported a distributable amount of $32K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Boyd Foundation's EIN?
Boyd Foundation's EIN (Employer Identification Number) is 52-1344225. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Boyd Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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