Irving and Jett Groves Charitable Foundation
Irving and Jett Groves Charitable Foundation is a private foundation, based in MARTINSVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 3 grants totaling $3K. Net investment income was $68K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+4.0% YoY
Annual Giving
$3K
-97.1% YoY
Grant Count
3
-93.9% YoY
Avg Grant Size
$833.333
-52.7% YoY
Under IRS private-foundation payout rules, Irving and Jett Groves Charitable Foundation reported a distributable amount of $88K for 2024 — the minimum it must pay out in qualifying distributions.
About Irving and Jett Groves Charitable Foundation
Based on IRS filings
Irving and Jett Groves Charitable Foundation is a private foundation, based in MARTINSVILLE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 3 grants totaling $3K. Net investment income was $68K.
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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 | $1,566,543 | $1,506,835 | $1,298,430 |
| Revenue | $78,200 | $307,790 | $68,902 |
| Expenses | $21,655 | $97,824 | $86,633 |
| Qualifying Distributions | $4,000 | $86,250 | $73,775 |
| Net Investment Income | $67,764 | $296,704 | $57,116 |
| Distributable Amount | $88,026 | $73,413 | $83,893 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
195 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys & Girls Club ($1,500), Ridgeway United Methodist Church ($500), Da Capo Virginia ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB MARTINSVILLE, VA | GENERAL OPERATING | $1,500 |
| RIDGEWAY UNITED METHODIST CHURCH RIDGEWAY, VA | GENERAL OPERATING | $500 |
| DA CAPO VIRGINIA MARTINSVILLE, VA | GENERAL OPERATING | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IRVING M GROVES III | SECRETARY | 1 | — |
| MATTIE G SHEPPARD | PRESIDENT | 1 | — |
| JETT G WOOD | VICE-PRESIDENT | 1 | — |
Frequently Asked Questions
How large is Irving and Jett Groves Charitable Foundation?
As of 2024, Irving and Jett Groves Charitable Foundation holds $1.6M in total assets with $78K in annual revenue. It awarded 3 grants totaling $3K in 2024.
Where does Irving and Jett Groves Charitable Foundation operate?
Irving and Jett Groves Charitable Foundation has awarded grants in District of Columbia, Indiana, Kentucky, Ohio, Pennsylvania, Virginia.
What size grants does Irving and Jett Groves Charitable Foundation award?
In 2024, Irving and Jett Groves Charitable Foundation awarded 3 grants totaling $3K — an average of about $833.333 per grant, based on its IRS Form 990 filings.
How much is Irving and Jett Groves Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Irving and Jett Groves Charitable Foundation reported a distributable amount of $88K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Irving and Jett Groves Charitable Foundation's EIN?
Irving and Jett Groves Charitable Foundation's EIN (Employer Identification Number) is 54-1961867. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Irving and Jett Groves Charitable Foundation'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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