Foundation For Hope is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEDFORD, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. In 2024, it awarded 5 grants totaling $81K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22K
+8.8% YoY
Annual Giving
$81K
+78.8% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$16K
-28.5% YoY
Under IRS private-foundation payout rules, Foundation For Hope reported a distributable amount of $478 for 2024 — the minimum it must pay out in qualifying distributions.
About Foundation For Hope
Based on IRS filings
Foundation For Hope is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEDFORD, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22K in total assets. In 2024, it awarded 5 grants totaling $81K.
Focus Areas
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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 | $21,865 | $20,097 | $21,455 |
| Revenue | $129,022 | $91,216 | $107,617 |
| Expenses | $127,253 | $92,574 | $104,944 |
| Qualifying Distributions | $125,873 | $45,070 | $28,617 |
| Net Investment Income | — | — | — |
| Distributable Amount | $478 | $879 | $627 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hope Baptist Church ($42,500), Hjh Foundation ($30,000), Forest Baptist Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HOPE BAPTIST CHURCH | PROCLAIMING THEGOSPEL OF CHRIST | $42,500 |
| TIMBERLAKE CHRISTIAN SCHOOLS FOREST, VA | PROCLAIMING THEGOSPEL OF CHRIST | $100 |
| HJH FOUNDATION LYNCHBURG, VA | PROCLAIMING THEGOSPEL OF CHRIST | $30,000 |
| FOREST BAPTIST CHURCH FOREST, VA | PROCLAIMING THEGOSPEL OF CHRIST | $5,000 |
| ANCHOR MINISTRY FOREST, VA | PROCLAIMING THEGOSPEL OF CHRIST | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lewis L Thomas | Pres.& Dir | 20 | — |
| Mary C Thomas | Sec. & Dir | 20 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation For Hope?
Foundation For Hope is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BEDFORD, VA. It holds $22K in total assets as of 2024.
How large is Foundation For Hope?
As of 2024, Foundation For Hope holds $22K in total assets with $129K in annual revenue. It awarded 5 grants totaling $81K in 2024.
Where does Foundation For Hope operate?
Foundation For Hope has awarded grants in Colorado, New York, Virginia.
What size grants does Foundation For Hope award?
In 2024, Foundation For Hope awarded 5 grants totaling $81K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Foundation For Hope required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Foundation For Hope reported a distributable amount of $478 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Foundation For Hope'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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