DS Foundation Inc
DS Foundation Inc is a private foundation, based in Madison Heights, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $501K in total assets. In 2024, it awarded 3 grants totaling $401K.
DS Foundation Inc at a glance
In short: DS Foundation Inc gave $401K across 3 grants in 2024 (avg $134K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $401,032
- +401.3% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $133,677
- +67.1% vs 2023
- Median grant
- $50,000
- Total assets
- $500,785
- +3.4% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who DS Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Timberlake Christian School ($351K across 2 grants). Together the top 2 received $401K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 10 grants of 13 (77%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How DS Foundation Inc gives
- Giving grew 1385% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $27K (2021) to $401K (2024). In 2024 it made 3 grants totaling $401K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Timberlake Christian School Forest, VA | Contribution- Funding for special needs ministry | $350,000 |
| Timberlake Baptist Church Lynchburg, VA | Contribution- New building fund | $50,000 |
| Timberlake Christian School Forest, VA | Contribution- NC Flood Relief Support | $1,032 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $500,785 | $417,533 | $401,156 | $401,032 | 3 | $401,032 | $16,256 |
| 2023 | $484,285 | $317,096 | $80,341 | $80,000 | 1 | $80,000 | $10,037 |
| 2022 | $247,567 | $5,000 | $31,749 | $31,500 | 2 | $31,500 | $12,775 |
| 2021 | $275,203 | — | $28,111 | $27,000 | 3 | $27,000 | $14,097 |
| 2020 | $302,302 | $58 | $60,225 | $60,200 | 4 | — | $16,375 |
Under IRS private-foundation payout rules, DS Foundation Inc reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
DS Foundation Inc is led by Daniel A. Summers, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Daniel A. Summers
President
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about DS Foundation Inc
How much does DS Foundation Inc give each year?
DS Foundation Inc gave $401K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $80K across 1 grant.
What is DS Foundation Inc's typical grant size?
DS Foundation Inc's median grant in 2024 was $50,000, and its average grant was $133,677, across 3 grants on its 2024 IRS Form 990-PF.
Where does DS Foundation Inc give grants?
DS Foundation Inc gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Forest, VA (2 grants).
Does DS Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on DS Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is DS Foundation Inc?
DS Foundation Inc reported $501K in total assets on its 2024 IRS Form 990-PF. It paid out $401K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is DS Foundation Inc's EIN?
DS Foundation Inc's EIN (Employer Identification Number) is 47-2629863. 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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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