The Bond Foundation Inc
The Bond Foundation Inc is a private foundation, based in Timonium, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.1M in total assets. In 2025, it awarded 8 grants totaling $501K. Net investment income was $476K.
The Bond Foundation Inc at a glance
In short: The Bond Foundation Inc gave $501K across 8 grants in 2025 (avg $63K), mostly in District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $500,500
- +28.3% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $62,563
- -3.8% vs 2024
- Median grant
- $20,000
- Total assets
- $4,090,046
- -2.8% vs 2024
- Primary geography
- District of Columbia (55% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Bond Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Cato Institue ($250K). Together the top 8 received $501K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 12 grants of 26 (46%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How The Bond Foundation Inc gives
- Giving grew 61% from 2022 to 2025. Method
- In 2025 it paid out 259% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $295K (2023) to $501K (2025). In 2025 it made 8 grants totaling $501K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cato Institue Washington, DC | General Operations | $250,000 |
| Reason Foundation Los Angeles, CA | General Operations | $100,000 |
| St Andrews School Boca Raton, FL | General Operations | $100,000 |
| Free the People Foundation Washington, DC | General Operations | $25,000 |
| St James Academics North Miami, FL | General Operations | $15,000 |
| The Atlas Society Ltd Lodi, CA | General Operations | $5,000 |
| Washington University in St Louis St. Louis, MO | General Operations | $5,000 |
| Israel Tennis Centers Foundation Inc New York, NY | General Operations | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,090,046 | $494,807 | $565,953 | $500,500 | 8 | $500,500 | $476,489 | $193,396 |
| 2024 | $4,209,427 | $468,449 | $431,663 | $390,000 | 6 | $390,000 | $461,699 | $195,692 |
| 2023 | $4,172,431 | $307,938 | $364,752 | $295,000 | 5 | $325,084 | $307,170 | $201,702 |
| 2022 | $4,190,345 | $2,258,384 | $353,165 | $310,000 | 3 | $342,541 | $2,252,260 | $187,038 |
| 2021 | $2,285,126 | $344,146 | $365,696 | $319,500 | 4 | $319,500 | $339,290 | $224,815 |
| 2020 | $2,311,676 | $165,705 | $343,880 | $320,000 | 5 | — | $155,033 | $225,826 |
Under IRS private-foundation payout rules, The Bond Foundation Inc reported a distributable amount of $193K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bond Foundation Inc is led by Baron Bond, President on every filing since 2020; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Baron Bond
President
On filings since 2020
1 hr/week
No compensation reported
Howard B. Miller
Director
On filings since 2020
1 hr/week
No compensation reported
Jeff Daley
Treasurer
On filings since 2020
5 hrs/week
$7K (2020) → $30K (2025)
Michele Shaffer
Vice President & Secretary
Secretary → Vice President & Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Mayrav Bond (2021–2024) — Director · Filing note: Through 9/30/2024
- Former: Spero L. Michos (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $30K, to Jeff Daley (Treasurer).
Frequently asked questions about The Bond Foundation Inc
How much does The Bond Foundation Inc give each year?
The Bond Foundation Inc gave $501K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $390K across 6 grants.
What is The Bond Foundation Inc's typical grant size?
The Bond Foundation Inc's median grant in 2025 was $20,000, and its average grant was $62,563, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Bond Foundation Inc give grants?
The Bond Foundation Inc gives mostly in District of Columbia: 55% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (23%) and California (21%). The most frequent recipient cities were Washington, DC (2 grants).
Does The Bond Foundation Inc give general operating support?
Yes: 100% of The Bond Foundation Inc's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Bond Foundation Inc's largest grantees?
The Bond Foundation Inc's largest 2025 grantees include Cato Institue ($250,000), Reason Foundation ($100,000) and St Andrews School ($100,000), according to its 2025 IRS Form 990-PF. Together they received 90% of its itemized 2025 grant dollars.
How large is The Bond Foundation Inc?
The Bond Foundation Inc reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $501K in qualifying distributions that year, against a required minimum of $193K (roughly 5% of its investment assets).
What is The Bond Foundation Inc's EIN?
The Bond Foundation Inc's EIN (Employer Identification Number) is 52-1754458. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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