Robert F Stone Foundation AKA Bobby Stone
The Robert F Stone Foundation is a private foundation based in Wilmington, Delaware. The foundation manages substantial assets and distributes grants across multiple states to support various charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.5M
-6.8% YoY
Annual Giving
$3.8M
+34.1% YoY
Grant Count
120
+20.0% YoY
Avg Grant Size
$32K
+11.7% YoY
Under IRS private-foundation payout rules, Robert F Stone Foundation AKA Bobby Stone reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$5,000
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Geographic Focus
Where this funder awards grants
The foundation supports charitable work across seven states:
- Alabama
- Colorado
- Georgia
- North Carolina
- Tennessee
- Texas
- Virginia
Key cities funded include Chattanooga, Nashville, and Asheville.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2023):
- Total assets: $20.9 million
- Total giving: $2.8 million
- Annual expenses: approximately $3.1 million
- Annual revenue: approximately $6.9 million
Historical Comparison (2022):
- Total assets: $17.2 million
- Total giving: $2.5 million
- Number of grants: 76
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,497,877 | $20,918,850 | $17,166,179 |
| Revenue | $2,718,991 | $6,880,413 | $1,630,356 |
| Expenses | $4,139,964 | $3,127,742 | $2,855,572 |
| Qualifying Distributions | $3,986,342 | $3,013,987 | $2,729,244 |
| Net Investment Income | $2,702,353 | $426,368 | $1,284,399 |
| Distributable Amount | $1,389,264 | $1,240,257 | $1,017,407 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chattanooga Neighborhood Enterprise Inc ($250,000), Betterfi ($200,000), Childrens Nutrition Program of Haiti Inc ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A STEP AHEAD FOUNDATION CHATTANOOGA INC CHATTANOOGA, TN | General & Unrestricted | $6,000 |
| ALICE FUND CHATTANOOGA, TN | General & Unrestricted | $1,000 |
| ALICE FUND CHATTANOOGA, TN | Charitable Event | $800 |
| ANIMAL CARE TRUST CHATTANOOGA, TN | MAC CARES Center | $5,000 |
| ANIMAL CARE TRUST CHATTANOOGA, TN | General & Unrestricted | $500 |
| ASSOCIATION FOR VISUAL ARTISTS CHATTANOOGA, TN | Charitable Event | $15,000 |
| BE THE CHANGE YOUTH INITIATIVE CHATTANOOGA, TN | Charitable Event | $2,500 |
| BETTERFI COALMONT, TN | To support Betterfi expansion into the Chattanooga/Hamilton County Market | $200,000 |
| BOYS AND GIRLS CLUBS OF CHATTANOOGA CHATTANOOGA, TN | General & Unrestricted | $1,000 |
| BOYS AND GIRLS CLUBS OF CHATTANOOGA CHATTANOOGA, TN | Great Futures College Apprentice Program | $75,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership team includes:
- Danna Bailey
- David Brock
- Thomas H. Hopper
- Bryan Patten
- Michael Pollock (only compensated director)
- Keith Sanford
- Lee Towery
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Danna Bailey | Dir | 1 | — |
| David Brock | Dir | 1 | — |
| Thomas H Hopper | Pres | 1 | — |
| Bryan Patten | Dir | 1 | — |
| Michael Pollock | Dir | 40 | $92,500 |
| Keith Sanford | Dir | 1 | — |
| Lee Towery | Dir, Sec | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Robert F Stone Foundation AKA Bobby Stone?
The foundation does not accept unsolicited applications and operates on an invite-only basis. **Grant Activity:** • Annual giving: approximately $2.8 million to $3.8 million • Number of grants: 76-86 grants annually • Median grant size: $5,000 • Grant range: $1,000 to $750,000 • Giving rate: 13.5% of assets
Where does Robert F Stone Foundation AKA Bobby Stone make grants?
The foundation supports charitable work across seven states: • Alabama • Colorado • Georgia • North Carolina • Tennessee • Texas • Virginia Key cities funded include Chattanooga, Nashville, and Asheville.
What size grants does Robert F Stone Foundation AKA Bobby Stone award?
In 2024, Robert F Stone Foundation AKA Bobby Stone awarded 120 grants totaling $3.8M — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is Robert F Stone Foundation AKA Bobby Stone required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert F Stone Foundation AKA Bobby Stone reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Robert F Stone Foundation AKA Bobby Stone's EIN?
Robert F Stone Foundation AKA Bobby Stone's EIN (Employer Identification Number) is 83-2115462. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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