The Bailey Foundation
The Bailey Foundation is a private foundation established in 1951 and classified as a company-sponsored operating foundation in 1999. Based in Clinton, South Carolina, the foundation operates as a 501(c)(3) organization and has been tax-exempt since November 1952.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.0M
+2.0% YoY
Annual Giving
$370K
-10.9% YoY
Grant Count
45
-16.7% YoY
Avg Grant Size
$8K
+6.9% YoY
Mission & Focus Areas
The foundation supports health clinics and organizations involved with education, human services, community development, and Christianity. The foundation also awards college scholarships to students graduating from public high schools in Laurens County, South Carolina.
Primary funding focus areas include:
- Education
- Human Services
- Community Development
- Health
- Christianity
- Science and STEM Education
Grantmaking
The foundation operates a Grants to Individuals Program providing scholarships to financially needy graduating seniors from Clinton High School and Laurens High School in South Carolina. Candidates must rank in the top quarter of their graduating class and pursue study at accredited four-year colleges and universities.
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Geographic Focus
Where this funder awards grants
Primary funding focus:
- South Carolina (particularly Laurens County)
- Virginia
- North Carolina
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (FY 2025):
- Total Assets: $5,049,726
- Total Revenue: $530,732
- Total Expenses: $431,635
- Total Giving: $369,576
- Net Income: $99,097
- Total Liabilities: $0
Prior Year (FY 2024):
- Total Assets: $4,950,629
- Total Revenue: $555,957
- Total Expenses: $471,337
Revenue Sources (FY 2024):
- Investment income and dividends: $159,656
- Net gain from sale of non-inventory assets: $396,301
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,049,726 | $4,950,629 | $4,866,009 |
| Revenue | $530,732 | $555,957 | $88,086 |
| Expenses | $431,635 | $471,337 | $370,265 |
| Qualifying Distributions | $369,576 | $414,730 | $316,824 |
| Net Investment Income | $130,528 | $98,399 | $94,056 |
| Distributable Amount | $342,863 | $318,324 | $300,417 |
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 2025
Grant Size Distribution
214 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NORMAN W DIXON | ADVISORY COM | — | — |
| MARTIN S CORNELSON | ADVISORY COM | — | — |
| SCOTT M CORNELSON | ADVISORY COM | — | — |
| CORRINE DIXON DUNN | ADVISORY COM | — | — |
| BETTY JAMES MONGOMERY | ADVISORY COM | — | — |
| R FLEMING PATTERSON III | ADVISORY COM | — | — |
| MARY ELLEN SUITT-BARNWELL | ADVISORY COM | — | — |
| JAMES L SWITZER JR | ADVISORY COM | — | — |
| TOCCOA BAILEY SWITZER | ADVISORY COM | — | — |
| ROBERT S LINK JR | ADMINISTRATO | — | — |
| TNB FINANCIAL SERVICES | TRUSTEE | — | $48,907 |
Contact Information
Address: PO Box 1215 Clinton, SC 29325-1215
Phone: 864-766-6027
Website: https://tnbfinancial.com
EIN: 57-6018387
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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