The Bloom Foundation Inc
The Bloom Foundation Inc is a private foundation, based in EDENTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $368K in total assets. In 2024, it awarded 26 grants totaling $39K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$368K
-7.9% YoY
Annual Giving
$39K
+14.5% YoY
Grant Count
26
+52.9% YoY
Avg Grant Size
$2K
-25.2% YoY
Under IRS private-foundation payout rules, The Bloom Foundation Inc reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bloom Foundation Inc
Based on IRS filings
The Bloom Foundation Inc is a private foundation, based in EDENTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $368K in total assets. In 2024, it awarded 26 grants totaling $39K. Net investment income was $12K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $368,149 | $399,690 | $430,090 |
| Revenue | $17,834 | $13,073 | $48,646 |
| Expenses | $49,375 | $43,473 | $50,152 |
| Qualifying Distributions | $42,997 | $37,822 | $40,757 |
| Net Investment Income | $12,439 | $14,202 | $39,251 |
| Distributable Amount | $37,183 | $35,836 | $39,297 |
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
104 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Edenton Food Pantry ($15,000), Heifer International ($5,000), Trout Unlimited ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| TROUT UNLIMITED WOOLY BUGGER, WV | CHARITABLE | $3,500 |
| HEIFER INTERNATIONAL LITTLE ROCK, AR | CHARITABLE | $5,000 |
| EDENTON FOOD PANTRY EDENTON, NC | CHARITABLE | $15,000 |
| CHOWAN ARTS COUNCIL EDENTON, NC | CHARITABLE | $250 |
| HABITAT FOR HUMANITY EDENTON, NC | CHARITABLE | $1,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | CHARITABLE | $500 |
| SHEPARD PRUDEN LIBRARY EDENTON, NC | CHARITABLE | $1,000 |
| CHOWAN PERQUIMANS SMART START EDENTON, NC | CHARITABLE | $1,000 |
| UNC PUBLIC RADIO CHAPEL HILL, NC | CHARITABLE | $1,000 |
| NATIONAL PARKS CONSERVATION ASSOC WASHINGTON, DC | CHARITABLE | $750 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CLEMENT A BLOOM | PRES/TREASUR | — | $500 |
| LINDA S BLOOM | VICE PRESIDE | — | $500 |
Frequently Asked Questions
How large is The Bloom Foundation Inc?
As of 2024, The Bloom Foundation Inc holds $368K in total assets with $18K in annual revenue. It awarded 26 grants totaling $39K in 2024.
Where does The Bloom Foundation Inc operate?
The Bloom Foundation Inc has awarded grants in Arkansas, Colorado, District of Columbia, Florida, Iowa, Kansas, Maryland, North Carolina, New York, Tennessee, Virginia, West Virginia.
What size grants does The Bloom Foundation Inc award?
In 2024, The Bloom Foundation Inc awarded 26 grants totaling $39K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Bloom Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bloom Foundation Inc reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bloom Foundation Inc's EIN?
The Bloom Foundation Inc's EIN (Employer Identification Number) is 58-6032601. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bloom Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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