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 2019 through 2025. As of 2025, the organization holds $773K in total assets. In 2025, it awarded 6 grants totaling $12K. Net investment income was $48K.
Boyd Foundation at a glance
In short: Boyd Foundation gave $12K across 6 grants in 2025 (avg $2K), top state Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,000
- +140.0% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $2,000
- +140.0% vs 2024
- Median grant
- $2,000
- Total assets
- $773,022
- +58.0% vs 2024
- Primary geography
- Texas (33% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Boyd Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was First Baptist Church of Dallas Texas ($2K). Together the top 6 received $12K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 25 grants of 26 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Boyd Foundation gives
- Giving fell 65% from 2022 to 2025. Method
- In 2025 it paid out 33% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2024) to $52K (2021). In 2025 it made 6 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Baptist Church of Dallas Texas Dallas, TX | Contribution | $2,000 |
| First Baptist Church of Fort Lauderdale Coral Sprince, FL | Contribution | $2,000 |
| Island Fellowship Church | Contribution | $2,000 |
| Turning Point for God San Diego, CA | Contribution | $2,000 |
| International Fellowship of Christians and Jews Chicago, IL | Contribution | $2,000 |
| Trinity Broadcasting Network Fort Worth, TX | Contribution | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $773,022 | $347,207 | $63,289 | $12,000 | 6 | $12,000 | $48,279 | $36,817 |
| 2024 | $489,104 | $-27,198 | $9,994 | $5,000 | 6 | $5,000 | $6,358 | $31,836 |
| 2023 | $526,296 | $253,897 | $8,788 | $5,500 | 6 | $5,500 | $3,910 | $16,562 |
| 2022 | $281,162 | $21,659 | $37,529 | $34,000 | 5 | $34,000 | $21,659 | $14,615 |
| 2021 | $297,032 | $41,238 | $55,639 | $52,000 | 3 | $52,000 | $41,238 | $17,446 |
| 2020 | $311,433 | $31,230 | $48,180 | $45,000 | 5 | — | $31,230 | $23,615 |
| 2019 | $328,383 | $13,509 | $47,090 | $43,000 | 2 | — | $13,509 | $21,177 |
Under IRS private-foundation payout rules, Boyd Foundation reported a distributable amount of $37K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Boyd Foundation is led by Joseph W. Boyd III, President on every filing since 2022; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joseph W. Boyd III
President
On filings since 2022
No compensation reported
Justin R. Boyd
President
On filings since 2022
No compensation reported
Kathryn Verreault
President
On filings since 2022
No compensation reported
Joseph W. Boyd Jr.
Sole Director
Vice President → Sole Director, 2022
On filings since 2019
No compensation reported
Frank B. Minschke II
Vice President, Secretary & Treasurer
Secretary & Treasurer → Vice President, Secretary & Treasurer, 2022
On filings since 2019
No compensation reported
Christopher Villa
Vice President, Assistant Secretary & Treasurer
On filings since 2022
No compensation reported
Former officers (1)
- Former: David S. Rudiger (2019–2021) — President
Data from IRS Form 990 filings, 2019–2025. "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 Boyd Foundation
How much does Boyd Foundation give each year?
Boyd Foundation gave $12K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 6 grants.
What is Boyd Foundation's typical grant size?
Boyd Foundation's median grant in 2025 was $2,000, and its average grant was $2,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does Boyd Foundation give grants?
Boyd Foundation's top state is Texas, with 33% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (17%) and California (17%).
Does Boyd Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Boyd Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Contribution" (6 grants).
Who are Boyd Foundation's largest grantees?
Boyd Foundation's largest 2025 grantees include First Baptist Church of Dallas Texas ($2,000), First Baptist Church of Fort Lauderdale ($2,000) and Island Fellowship Church ($2,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Boyd Foundation?
Boyd Foundation reported $773K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $37K (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 is Boyd Foundation?
Boyd Foundation is a private foundation focused on Community and economic development, based in Virginia Beach, VA. It holds $773K in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
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