Irving and Jett Groves Charitable Foundation

MARTINSVILLE, VA EIN: 54-1961867

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

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

6states

Cities

AshlandAxtonBassettCharlottesvilleCollinsvilleDaytonFarmvilleIndianapolisLexingtonMartinsvillePhiladelphiaRichmondRidgewayRoanokeW ChesterWashingtonYoungstown

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$85K$169K$254K$339K20202021202220232024
Metric202420232022
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

$0$22K$43K$65K$86K50 grants202047 grants202146 grants202249 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

BOYS & GIRLS CLUB$2KRIDGEWAY UNITED METHODIS…$500DA CAPO VIRGINIA$500

Grant Size Distribution

195 grants across all recorded years

195<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
IRVING M GROVES IIISECRETARY1
MATTIE G SHEPPARDPRESIDENT1
JETT G WOODVICE-PRESIDENT1

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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