Robert F Stone Foundation AKA Bobby Stone

WILMINGTON, DE EIN: 83-2115462

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.

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

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

Tennessee $6.0M (99%)

Colorado $44K (1%)

Georgia $9K (0%)

Alabama $7K (0%)

Texas $5K (0%)

States

Alabama Colorado Georgia North Carolina Tennessee Texas Virginia

Cities

Alex CityAlexandriaAshevilleAthensAtlantaCartersvilleChattanoogaClevelandCoalmontCrossvilleDallasDecaturDurangoDurhamEast RidgeFlintstoneHixsonKnoxvilleLa VergneLookout Mountain

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.