Goff-street Foundation

Foundation · Grantmaker GRUNDY, VA EIN: 54-1545017

Goff-street Foundation is a private foundation, based in GRUNDY, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.0M in total assets. In 2024, it awarded 8 grants totaling $308K. Net investment income was $985K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$21.0M

+108.0% YoY

Annual Giving

$308K

-27.9% YoY

Grant Count

-11.1% YoY

Avg Grant Size

$39K

-18.9% YoY

Under IRS private-foundation payout rules, Goff-street Foundation reported a distributable amount of $879K for 2024 — the minimum it must pay out in qualifying distributions.

About Goff-street Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $1.2M (97%)

Texas $25K (2%)

Tennessee $6K (1%)

States

Tennessee Texas Virginia

Cities

Bluff CityGrundyHoustonRoweSalemVansant

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$21,014,306	$10,104,937	$1,612,290
Revenue	$11,388,388	$9,100,904	$734,730
Expenses	$489,216	$618,455	$170,788
Qualifying Distributions	$308,000	$427,106	$146,000
Net Investment Income	$985,193	$354,527	$712,648
Distributable Amount	$878,696	$591,202	$152,517

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

31 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Appalachian School of Law ($160,000), Town of Grundy Virginia ($50,000), Rowe Pentecostal Church ($32,500).

Recipient	Purpose	Amount
NATIONAL PRAYER CLINIC GRUNDY, VA	GENERAL SUPPORT	$1,000
LEVISA RIVER NSDAR CHAPTER GRUNDY, VA	GENERAL SUPPORT	$5,000
BUNKER HILL CHRISTIAN CHURCH BLUFF CITY, TN	GENERAL SUPPORT	$6,000
BOYS AND GIRLS CLUB OF CENTRAL APPALACHIA GRUNDY, VA	GENERAL SUPPORT	$25,000
BUCHANAN FIRST PRESBYTERIAN CHURCH GRUNDY, VA	SCHOLARSHIP FUNDS	$28,500
ROWE PENTECOSTAL CHURCH ROWE, VA	GENERAL SUPPORT	$32,500
TOWN OF GRUNDY VIRGINIA GRUNDY, VA	GENERAL SUPPORT	$50,000
APPALACHIAN SCHOOL OF LAW GRUNDY, VA	GENERAL SUPPORT	$160,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JENNIFER POTTER	ASSISTANT SECRETARY/TREASURER/DIRECTOR	1	—
GINA R SIMPSON	PRESIDENT/DIRECTOR	2	—
DANIEL STREET	VICE PRESIDENT/DIRECTOR	1	—
JUDY C STREET	ASSISTANT SECRETARY/DIRECTOR	1	—

Frequently Asked Questions

How large is Goff-street Foundation?

As of 2024, Goff-street Foundation holds $21.0M in total assets with $11.4M in annual revenue. It awarded 8 grants totaling $308K in 2024.

Where does Goff-street Foundation operate?

Goff-street Foundation has awarded grants in Tennessee, Texas, Virginia.

What size grants does Goff-street Foundation award?

In 2024, Goff-street Foundation awarded 8 grants totaling $308K — an average of about $39K per grant, based on its IRS Form 990 filings.

How much is Goff-street Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Goff-street Foundation reported a distributable amount of $879K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.