The Bolick Foundation is a private non-operating family foundation located in Conover, North Carolina. Established in 1967, the foundation was created to embrace and advance the philanthropic vision of the Bolick family. The foundation operates as a 501(c)(3) organization and has supported over 300 programs across more than 100 countries.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$55.1M
+6.2% YoY
Annual Giving
$22.5M
+24.0% YoY
Grant Count
266
-2.2% YoY
Avg Grant Size
$85K
+26.8% YoY
Under IRS private-foundation payout rules, The Bolick Foundation reported a distributable amount of $25.8M for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: The Bolick Foundation's mission is to advocate for many causes while concentrating on spreading the Christian gospel and aiding those in need. The foundation invests in nonprofit 501(c)(3) organizations that indirectly achieve this mission.
Primary Focus Areas:
- Christian missions and gospel spreading
- Religious organizations and churches
- Charitable and educational programs
- Scientific and medical programs
The foundation emphasizes Christian faith advancement and supports organizations engaged in Christian mission work, Bible distribution, training and equipping of missionaries, and related charitable activities.
Grantmaking
The Bolick Foundation makes grants to preselected charitable organizations. Based on recent activity:
Grant Range
** Individual grants have ranged from $250 to $3.6 million
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated primarily in:
- North Carolina
- Texas
- Illinois
- Missouri
- Georgia
Grantmaking reaches organizations across 31 states, with North Carolina, Missouri, Georgia, and Texas accounting for a significant portion of all grants.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
- Total Assets: $51.9 million
- Total Revenues: $7.54 million
- Total Expenses: $18.6 million
- Total Liabilities: $0
Annual Giving Trends:
- Annual giving has grown from $2.3 million in 2021 to $23.5 million in 2023
- Total giving reported at $22.5 million in recent filings
Investment Income: $1.06 million (2024)
The foundation's assets have grown significantly from $7.5 million in 2011 to $51.9 million in 2024.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $55,094,804 | $51,896,881 | $52,240,905 |
| Revenue | $10,834,714 | $7,537,966 | $4,805,278 |
| Expenses | $22,961,315 | $18,589,491 | $12,103,156 |
| Qualifying Distributions | $22,710,491 | $18,349,990 | $11,900,049 |
| Net Investment Income | $5,694,674 | $7,393,874 | $4,590,970 |
| Distributable Amount | $25,824,446 | $21,346,087 | $18,103,725 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from The Bolick Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Concordia Seminary St Louis ($293,240), Concordia Theological Seminary Ft Wayne ($171,106), Biblical Education by Extension Inc ($149,480).
| Recipient | Purpose | Amount |
|---|---|---|
| 3XM HOLLAND, MI | DISCIPLESHIP | $20,000 |
| ACT BEYOND RICHARDSON, TX | CHURCH PLANTING | $124,403 |
| AFRICAN INLAND MISSION INTERNATIONAL PEACHTREE CITY, GA | DISCIPLESHIP | $58,512 |
| AFRICAN INLAND MISSION INTERNATIONAL PEACHTREE CITY, GA | EVANGELISM | $97,648 |
| AMBASSADORS FOR CHRIST INTERNATIONAL LTD LILBURN, GA | SEMINARY/TRAINING AND EQUIPPING | $29,206 |
| AMG INTERNATIONAL INC CHATTANOOGA, TN | EVANGELISM | $74,740 |
| ASHURE MINISTRY NEWTON, NC | LOCAL COMMUNITY SUPPORT | $49,436 |
| ASIAN PARTNERS INTERNATIONAL INC LUBBOCK, TX | DISCIPLESHIP | $78,182 |
| AUDIO SCRIPTURE MINISTRIES HOLLAND, MI | EVANGELISM | $98,635 |
| BAPTIST CHILDREN'S HOME OF NC THOMASVILLE, NC | YOUTH/CHILDREN MINISTRIES | $34,911 |
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Jerome W. Bolick
The foundation is governed by 6 officers and trustees.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEROME W BOLICK | PRESIDENT/TREASURER | 1.2 | — |
| JUDITH BOLICK MUNDAY | SECRETARY | 0.05 | — |
| JOYCE B CLINE | EXECUTIVE DIRECTOR | 40 | $150,000 |
| STEPHEN G DOBBINS | DIRECTOR | 0.05 | — |
| DAVID W HOOD | DIRECTOR | 0.05 | — |
| MATTHEW C HARRISON | DIRECTOR | 0.05 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Bolick Foundation fund?
**Mission:** The Bolick Foundation's mission is to advocate for many causes while concentrating on spreading the Christian gospel and aiding those in need. The foundation invests in nonprofit 501(c)(3) organizations that indirectly achieve this mission. **Primary Focus Areas:** • Christian missions and gospel spreading • Religious organizations and churches • Charitable and educational programs • Scientific and medical programs The foundation emphasizes Christian faith advancement and supports …
How do I apply for a grant from The Bolick Foundation?
The Bolick Foundation makes grants to preselected charitable organizations. Based on recent activity: • **Grant Range:** Individual grants have ranged from $250 to $3.6 million • **Average Award:** Approximately $42,000 • **Median Grant:** $15,000 • **Recent Grant Examples:** • Gateway International Missions: $500,000 (for spreading the Christian Gospel) • Elam: $275,898 (for training and equipping) • Eastern European Mission: $250,631 (for Bible distribution) The foundation made 130 grants in …
Where does The Bolick Foundation make grants?
The foundation's grantmaking is concentrated primarily in: • North Carolina • Texas • Illinois • Missouri • Georgia Grantmaking reaches organizations across 31 states, with North Carolina, Missouri, Georgia, and Texas accounting for a significant portion of all grants.
What size grants does The Bolick Foundation award?
In 2025, The Bolick Foundation awarded 266 grants totaling $22.5M — an average of about $85K per grant, based on its IRS Form 990 filings.
How much is The Bolick Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Bolick Foundation reported a distributable amount of $25.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bolick Foundation's EIN?
The Bolick Foundation's EIN (Employer Identification Number) is 56-6086348. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in The Bolick Foundation's focus areas in our free grants database
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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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