Joy Foundation Inc
Joy Foundation Inc is a private foundation, based in Leesburg, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $74K in total assets. In 2024, it awarded 10 grants totaling $28K. Net investment income was $80.
Key facts about Joy Foundation Inc
- EIN
- 59-2825965
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $27,550
- Grants made (2024)
- 10
- Average grant
- $2,755
- Median grant
- $2,000
- Total assets
- $74,434
- Primary geography
- North Carolina (36% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Joy Foundation Inc funds
By grant dollars, the top recipient states for Joy Foundation Inc's 10 itemized 2024 grants were North Carolina (36%), Florida (34%) and Georgia (8%). None of its 10 grants with a stated purpose were described as general or operating support. Recurring purposes include "Gift, Financial Assistance" (10 grants).
How Joy Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Joy Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$74K
+41.2% YoY
Annual Giving
$28K
+168.8% YoY
Grant Count
10
+233.3% YoY
Avg Grant Size
$3K
-19.4% YoY
Under IRS private-foundation payout rules, Joy Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Joy Foundation Inc
Based on IRS filings
Joy Foundation Inc is a private foundation, based in Leesburg, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $74K in total assets. In 2024, it awarded 10 grants totaling $28K. Net investment income was $80.
Ready to take the next step with Joy Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $74,434 | $52,715 | $63,804 |
| Revenue | $50,241 | $372 | $30,784 |
| Expenses | $28,518 | $11,460 | $22,623 |
| Qualifying Distributions | $27,550 | $10,250 | $21,500 |
| Net Investment Income | $80 | $310 | $58 |
| Distributable Amount | $2,150 | $3,049 | $2,625 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Campus Outreach ($10,000), Friendship Cme ($6,000), Lovey Loaves ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAMPUS OUTREACH Matthews, NC | GIFT, FINANCIAL ASSISTANCE | $10,000 |
| FRIENDSHIP CME Tavares, FL | GIFT, FINANCIAL ASSISTANCE | $6,000 |
| LOVEY LOAVES Orlando, FL | GIFT. FINANCIAL ASSISTANCE | $3,000 |
| ST JUDE CHILDREN'S HOSPITAL Memphis, TN | GIFT. FINANCIAL ASSISTANCE | $2,000 |
| BOYS TOWN Boys Town, NE | GIFT. FINANCIAL ASSISTANCE | $2,000 |
| FISHBURNE MILITARY SCHOOL Waynesboro, VA | GIFT. FINANCIAL ASSISTANCE | $2,000 |
| SHRINERS CHILDREN'S Atlanta, GA | GIFT. FINANCIAL ASSISTANCE | $2,000 |
| LAKE SUMTER CHILDREN'S ADVOCACY CEN Leesburg, FL | GIFT, FINANCIAL ASSISTANCE | $250 |
| SPECIAL OLYMPICS Clermont, FL | GIFT. FINANCIAL ASSISTANCE | $200 |
| HABITAT FOR HUMANITY Americus, GA | GIFT. FINANCIAL ASSISTANCE | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sherry S McLeod | Pres/Dir | — | — |
| Kelly Neale | Pres/Dir | — | — |
| Stacy Rider | Pres/Dir | — | — |
Frequently Asked Questions
How large is Joy Foundation Inc?
As of 2024, Joy Foundation Inc holds $74K in total assets with $50K in annual revenue. It awarded 10 grants totaling $28K in 2024.
Where does Joy Foundation Inc operate?
Joy Foundation Inc has awarded grants in Florida, Georgia, Michigan, North Carolina, Nebraska, New York, Tennessee, Virginia.
What size grants does Joy Foundation Inc award?
In 2024, Joy Foundation Inc awarded 10 grants totaling $28K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Joy Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joy Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.