Joy Foundation Inc
Joy Foundation Inc is a private foundation, based in Gainesville, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $43K in total assets. In 2025, it awarded 9 grants totaling $71K. Net investment income was $199.
Joy Foundation Inc at a glance
In short: Joy Foundation Inc gave $71K across 9 grants in 2025 (avg $8K), top state Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,803
- +157.0% vs 2024
- Grants made (2025)
- 9
- -10.0% vs 2024
- Average grant
- $7,867
- +185.6% vs 2024
- Median grant
- $8,903
- Total assets
- $42,699
- -42.6% vs 2024
- Primary geography
- Florida (42% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Joy Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was St Jude Children's Hospital ($20K). Together the top 4 received $60K.
Organizations only. It also paid 5 grants to individuals ($10,803), which are not listed by name.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Joy Foundation Inc gives
- Giving grew 229% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2023) to $71K (2025). In 2025 it made 9 grants totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Jude Children's Hospital Memphis, TN | Gift. Financial Assistance | $20,000 |
| Christian Care Center Leesburg, FL | Gift, Financial Assistance | $20,000 |
| Campus Outreach Matthews, NC | Gift, Financial Assistance | $10,000 |
| Shriners Children's Atlanta, GA | Gift. Financial Assistance | $10,000 |
| 5 grants to individuals Recipients not named | — | $10,803 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $42,699 | $40,260 | $71,995 | $70,803 | 9 | $70,803 | $199 | $2,603 |
| 2024 | $74,434 | $50,241 | $28,518 | $27,550 | 10 | $27,550 | $80 | $2,150 |
| 2023 | $52,715 | $372 | $11,460 | $10,250 | 3 | $10,250 | $310 | $3,049 |
| 2022 | $63,804 | $30,784 | $22,623 | $21,500 | 5 | $21,500 | $58 | $2,625 |
| 2021 | $55,644 | $103 | $33,113 | $32,000 | 6 | $32,000 | $103 | $3,649 |
| 2020 | $88,655 | $60,087 | $22,849 | $21,900 | 13 | — | $87 | $2,484 |
Under IRS private-foundation payout rules, Joy Foundation Inc reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joy Foundation Inc is led by Kelly Neale, President & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kelly Neale
President & Director
On filings since 2020
No compensation reported
Sherry S. McLeod
President & Director
On filings since 2020
No compensation reported
Stacy Rider
President & Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: John D. McLeod (2020–2023) — President & Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Joy Foundation Inc
How much does Joy Foundation Inc give each year?
Joy Foundation Inc gave $71K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 10 grants.
What is Joy Foundation Inc's typical grant size?
Joy Foundation Inc's median grant in 2025 was $8,903, and its average grant was $7,867, across 9 grants on its 2025 IRS Form 990-PF.
Where does Joy Foundation Inc give grants?
Joy Foundation Inc's top state is Florida, with 42% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Tennessee (28%) and North Carolina (14%).
Does Joy Foundation Inc give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Joy Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Gift, Financial Assistance" (9 grants).
Who are Joy Foundation Inc's largest grantees?
Joy Foundation Inc's largest 2025 grantees include St Jude Children's Hospital ($20,000), Christian Care Center ($20,000) and Campus Outreach ($10,000), according to its 2025 IRS Form 990-PF. It also paid 5 grants to individuals ($10,803), which are not listed by name. Together they received 71% of its itemized 2025 grant dollars.
How large is Joy Foundation Inc?
Joy Foundation Inc reported $43K in total assets on its 2025 IRS Form 990-PF. It paid out $71K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is Joy Foundation Inc's EIN?
Joy Foundation Inc's EIN (Employer Identification Number) is 59-2825965. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Joy Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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