Foundation For Hope
Foundation For Hope is a private foundation, based in Bedford, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $31K in total assets. In 2025, it awarded 5 grants totaling $47K.
Foundation For Hope at a glance
In short: Foundation For Hope gave $47K across 5 grants in 2025 (avg $9K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,800
- -41.9% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $9,360
- -41.9% vs 2024
- Median grant
- $5,000
- Total assets
- $31,443
- +43.8% vs 2024
- Primary geography
- Virginia (56% 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 Foundation For Hope funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Hope Baptist Church ($21K). Together the top 5 received $47K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 22 grants of 23 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Foundation For Hope gives
- Giving fell 37% from 2022 to 2025. Method
- In 2025 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 2019 to 2025, annual grant giving ranged from $27K (2020) to $81K (2024). In 2025 it made 5 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hope Baptist Church | Proclaiming Thegospel of Christ | $20,700 |
| HJH Foundation Lynchburg, VA | Proclaiming Thegospel of Christ | $20,000 |
| Timber Ridge Baptist Church Bedford, VA | Proclaiming Thegospel of Christ | $5,000 |
| Anchor Ministry Forest, VA | Proclaiming Thegospel of Christ | $1,000 |
| Timberlake Christian Schools Forest, VA | Proclaiming Thegospel of Christ | $100 |
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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 |
|---|---|---|---|---|---|---|---|
| 2025 | $31,443 | $116,315 | $106,738 | $46,800 | 5 | $104,668 | $291 |
| 2024 | $21,865 | $129,022 | $127,253 | $80,600 | 5 | $125,873 | $478 |
| 2023 | $20,097 | $91,216 | $92,574 | $45,070 | 2 | $45,070 | $879 |
| 2022 | $21,455 | $107,617 | $104,944 | $74,442 | 5 | $28,617 | $627 |
| 2021 | $18,782 | $44,370 | $31,165 | $29,300 | 6 | $31,165 | $790 |
| 2020 | $5,577 | $53,185 | $72,612 | $26,600 | 4 | — | $724 |
| 2019 | $34,240 | $70,762 | $70,774 | $36,000 | 5 | — | $1,255 |
Under IRS private-foundation payout rules, Foundation For Hope reported a distributable amount of $291 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Foundation For Hope is led by Lewis L Thomas, President & Director on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lewis L Thomas
President & Director
On filings since 2019
20 hrs/week
No compensation reported
Mary C Thomas
Secretary & Director
On filings since 2019
20 hrs/week
No compensation reported
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 Foundation For Hope
How much does Foundation For Hope give each year?
Foundation For Hope gave $47K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $81K across 5 grants.
What is Foundation For Hope's typical grant size?
Foundation For Hope's median grant in 2025 was $5,000, and its average grant was $9,360, across 5 grants on its 2025 IRS Form 990-PF.
Where does Foundation For Hope give grants?
Foundation For Hope gives mostly in Virginia: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Forest, VA (2 grants).
Does Foundation For Hope give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Foundation For Hope's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Proclaiming Thegospel of Christ" (5 grants).
Who are Foundation For Hope's largest grantees?
Foundation For Hope's largest 2025 grantees include Hope Baptist Church ($20,700), HJH Foundation ($20,000) and Timber Ridge Baptist Church ($5,000), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is Foundation For Hope?
Foundation For Hope reported $31K in total assets on its 2025 IRS Form 990-PF. It paid out $105K in qualifying distributions that year, against a required minimum of $291 (roughly 5% of its investment assets).
What is Foundation For Hope's EIN?
Foundation For Hope's EIN (Employer Identification Number) is 01-0724780. 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 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
Live grants for the work Foundation For Hope funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Foundation For Hope's focus areas in our free grants database
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