The Honey Foundation is a private independent foundation located in Richmond, Virginia. Established in 2011, it operates as a 501(c)(3) tax-exempt organization with a broad geographic reach across multiple states. The foundation manages significant assets and distributes grants to support various community initiatives and nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
+10.5% YoY
Annual Giving
$795K
+4.7% YoY
Grant Count
51
+10.9% YoY
Avg Grant Size
$16K
-5.5% YoY
Under IRS private-foundation payout rules, Honey Foundation reported a distributable amount of $525K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The Honey Foundation has demonstrated active grantmaking activity in recent years. In 2023, the foundation made 34 grants totaling approximately $759,000. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
The Honey Foundation funds projects across multiple states including Virginia, North Carolina, South Carolina, Florida, Georgia, Missouri, Colorado, and West Virginia. Primary funding activity has been concentrated in Virginia cities including Richmond and Henrico, with additional grants distributed to locations such as Orlando, Florida and St. Louis, Missouri.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $11,039,165
- Total Revenue: $1,652,710
- Total Expenses: $834,699
- Total Liabilities: $0
Revenue Breakdown (2023):
- Grants and contributions: $549,245
- Investment income and dividends: $370,734
- Net gain from sale of non-inventory assets: $732,731
The foundation maintains a healthy financial position with an expense ratio of 50.5%, indicating that approximately half of annual expenses are directed toward grants and charitable activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,196,842 | $11,039,165 | $10,723,852 |
| Revenue | $2,027,184 | $1,652,710 | $349,678 |
| Expenses | $869,507 | $834,699 | $1,051,740 |
| Qualifying Distributions | $794,547 | $758,713 | $953,838 |
| Net Investment Income | $1,958,011 | $1,027,764 | $326,172 |
| Distributable Amount | $524,645 | $584,046 | $663,199 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
215 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greater Richmond Aquatics Partnership ($125,000), EverBless Foundation ($108,000), PGA Tour Charities ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 3Wide Ministries Glen Allen, VA | For Buddy Childress | $10,000 |
| Anna Julia Cooper School Richmond, VA | Operations | $1,000 |
| Autism Society of Central Virginia Richmond, VA | for free copies of the book "Autism in America" to autism families in Greate | $5,000 |
| Breakthrough T1D Hagerstown, MD | Susan Heath | $1,000 |
| Central International College Richmond, VA | Operations | $11,000 |
| CharacterWorks Richmond, VA | Operations | $2,500 |
| Concordance St Louis, MO | Operations | $5,000 |
| Cristo Rey Richmond High School Richmond, VA | Operations | $500 |
| CrossOver Heathcare Ministry Henrico, VA | Operations | $1,000 |
| Davidson College Davidson, NC | Men's Soccer& Women's Field Hockey | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Address: 2001 Maywill Street, Suite 100 Richmond, VA 23230
Tax ID: 27-2314439
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Honey Foundation?
The Honey Foundation has demonstrated active grantmaking activity in recent years. In 2023, the foundation made 34 grants totaling approximately $759,000. Recent notable grants include: • Swim RVA: $176,000 (HVAC Project) • Metropolitan Richmond Sports Backers: $61,250 (Monument 10K & Operations) • RVA Sports Foundation: $50,000 (Operations) The foundation has funded projects spanning operations support, aquatics programs, sports initiatives, food assistance for Baptist centers, poverty allevia…
Where does Honey Foundation make grants?
The Honey Foundation funds projects across multiple states including Virginia, North Carolina, South Carolina, Florida, Georgia, Missouri, Colorado, and West Virginia. Primary funding activity has been concentrated in Virginia cities including Richmond and Henrico, with additional grants distributed to locations such as Orlando, Florida and St. Louis, Missouri.
What size grants does Honey Foundation award?
In 2024, Honey Foundation awarded 51 grants totaling $795K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Honey Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Honey Foundation reported a distributable amount of $525K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Honey Foundation's EIN?
Honey Foundation's EIN (Employer Identification Number) is 27-2314439. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Honey Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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