Lyerly Foundation

Foundation · Grantmaker Radford, VA EIN: 81-1930895

The Lyerly Foundation is a private foundation that provides grants to nonprofit organizations. Based on documented grantmaking activity, the foundation supports charitable causes across multiple sectors.

Key facts about Lyerly Foundation

EIN: 81-1930895
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $277,750
Grants made (2024): 30
Average grant: $9,258
Median grant: $1,000
New grantees (estimate): 30% first-time grantees (9 of 30, 2024)
Total assets: $4,021,066
Primary geography: Virginia (79% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Lyerly Foundation funds

By grant dollars, the top recipient states for Lyerly Foundation's 30 itemized 2024 grants were Virginia (79%) and North Carolina (16%). The most frequent recipient cities were Radford, VA (9 grants) and Roanoke, VA (4 grants). None of its 30 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (30 grants).

Is Lyerly Foundation open to new grantees?

30%

first-time grantees, 2024

In 2024, 9 of 30 grantees (30%) were first-time recipients. First grants averaged $8K; repeat grants $10K. How we count

Medians: $1K first-time, $2K repeat.

67% of 2024 grantees were also funded in 2023. Method
Giving grew 127% from 2021 to 2024. Method
In 2024 it paid out 127% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Lyerly Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.0M

-2.2% YoY

Annual Giving

$278K

-61.4% YoY

Grant Count

-11.8% YoY

Avg Grant Size

$9K

-56.2% YoY

Under IRS private-foundation payout rules, Lyerly Foundation reported a distributable amount of $224K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The Lyerly Foundation has made documented grants in the following amounts:

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Geographic Focus

Where this funder awards grants

The foundation has demonstrated grantmaking activity in Virginia, with documented grants to organizations in Radford.

Grant Distribution by State

Virginia $220K (79%)

North Carolina $45K (16%)

Arkansas $5K (2%)

Georgia $2K (1%)

Indiana $1K (0%)

All other $5K (2%)

Share of all 30 itemized 2024 grant dollars.

States

Arkansas Florida Georgia Indiana Kentucky Louisiana Michigan North Carolina New York Ohio Oklahoma Rhode Island South Carolina Tennessee Virginia West Virginia

Cities

RadfordRoanokeBlacksburgRichmondAmericusArlingtonChapel HillElkhartIndependenceLittle RockLouisvilleNew YorkSalemWythevilleChristiansburgDublinPulaskiWinstonsalemBooneCharleston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,021,066	$4,112,182	$3,706,384
Revenue	$233,159	$1,147,690	$3,077,050
Expenses	$321,952	$754,683	$1,196,331
Qualifying Distributions	$285,466	$724,911	$1,177,863
Net Investment Income	$195,651	$135,750	$66,497
Distributable Amount	$224,167	$186,258	$121,556

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 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

166 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Virginia Tech Foundation Inc ($106,000), New River Community College Educational Foundation Inc ($65,000), UNC Arts and Sciences Foundtion Inc - Lyerly Student Fund ($25,000).

Recipient	Purpose	Amount
VIRGINIA TECH FOUNDATION INC Blacksburg, VA	DONATION	$106,000
NEW RIVER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC Dublin, VA	DONATION	$65,000
UNC ARTS AND SCIENCES FOUNDTION INC - LYERLY STUDENT FUND Chapel Hill, NC	DONATION	$25,000
SALEM ACADEMY & COLLEGE Winstonsalem, NC	DONATION	$20,000
FEEDING AMERICA SOUTHWEST VA Salem, VA	DONATION	$10,000
RADFORD FAIRLAWN DAILY BREAD Radford, VA	DONATION	$10,000
THE PRESBYTERIAN CHURCH OF RADFORD Radford, VA	DONATION	$10,000
HEIFER INTERNATIONAL Little Rock, AR	DONATION	$5,000
GLENCOE MUSEUM Radford, VA	DONATION	$3,000
DARRIS NICHOLS BASKETBALL CAMPS Radford, VA	DONATION	$2,500

Leadership & Key People

Leadership team and compensation from IRS filings

The Lyerly family is associated with the foundation. Mary Denton Roberts Lyerly serves as a board member of the Radford Heritage Foundation in Radford, Virginia.

Additionally, Bastion Fellowship, a family foundation of the Lyerly family, is located in Indian Trail, North Carolina, with trustees Robert D Lyerly III and Robert D Lyerly Jr.

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
David Lyerly	President & Director	2	—
Mary Denton Roberts	Sec/Treas & Director	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

How do I apply for a grant from Lyerly Foundation?

The Lyerly Foundation has made documented grants in the following amounts: • **$10,000** to Radford Fairlawn Daily Bread (Radford, VA) in 2024 for a donation • **$2,500** to Radford Clothing Bank (Radford, VA) in 2024 for a donation The foundation appears to support organizations focused on community assistance and social services, with a particular presence in the Radford, Virginia area.

Where does Lyerly Foundation make grants?

The foundation has demonstrated grantmaking activity in Virginia, with documented grants to organizations in Radford.

What size grants does Lyerly Foundation award?

In 2024, Lyerly Foundation awarded 30 grants totaling $278K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Lyerly Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lyerly Foundation reported a distributable amount of $224K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.