The Daywood Foundationinc

CHARLESTON, WV EIN: 55-6018107

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$18.4M

+10.5% YoY

Annual Giving

$847K

-7.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$16K

-7.8% YoY

Under IRS private-foundation payout rules, The Daywood Foundationinc reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

The foundation's giving focuses primarily on community service organizations with emphasis on:

The arts
Health and human services

Grantmaking

The foundation maintains an active grantmaking program. Recent financial activity shows:

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Geographic Focus

Where this funder awards grants

The foundation operates in West Virginia, with headquarters in Charleston.

Grant Distribution by State

West Virginia $4.0M (99%)

Maryland $45K (1%)

North Carolina $4K (0%)

States

Maryland North Carolina West Virginia

Cities

BuckhannonCharlestonElkinsFairmontHillsboroLewisburgPhilippiRockvilleRonceverteRupertWeaverville

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total Assets: $18,356,167
Total Liabilities: $0
Annual Revenue: $2,680,956
Annual Expenses: $934,641
Net Assets: $18,356,167

The foundation's revenue is derived primarily from contributions.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$18,356,167	$16,609,852	$16,622,655
Revenue	$2,680,956	$994,060	$1,150,932
Expenses	$934,641	$1,006,863	$719,249
Qualifying Distributions	$859,490	$933,153	$629,293
Net Investment Income	$2,615,829	$927,854	$1,094,990
Distributable Amount	$1,121,642	$1,011,521	$1,011,410

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

244 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include United Way of Central Wv ($70,000), Davis-stuart Inc ($50,000), Greenbrier Historical Society ($48,850).

Recipient	Purpose	Amount
ADALAND MANSION DEVELOPMENT INC PHILIPPI, WV	GOLF CART	$3,000
AMERICAN RED CROSS CHARLESTON, WV	GENERAL PROGRAM SUPPORT	$11,500
APPALACHIAN CHILDREN'S CHORUS CHARLESTON, WV	GENERAL PROGRAM SUPPORT	$5,000
BUCKSKIN COUNCIL #617 BOY SCOUTS OF AMERICA CHARLESTON, WV	GENERAL PROGRAM SUPPORT	$20,000
CAPITOL MARKET CHARLESTON, WV	OFFICE FURNITURE	$10,000
CARNEGIE HALL INC LEWISBURG, WV	GENERAL PROGRAMMING	$36,000
CHARLESTON BALLET CHARLESTON, WV	GENERAL PROGRAMMING	$8,000
CHARLESTON LIGHT OPERA GUILD INC CHARLESTON, WV	GENERAL PROGRAMMING	$10,000
CHILDREN'S HOME SOCIETY OF WV CHARLESTON, WV	GENERAL PROGRAM SUPPORT	$5,000
CHILDREN'S THERAPY CLINIC CHARLESTON, WV	THERAPY SERVICES	$7,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WILLIAM W BOOKER	PRESIDENT	1	—
RICHARD E FORD	VICE-PRESIDENT	1	—
JOHN R MCGHEE JR	SECRETARY	1	—
KIMBERLY FOSTER	TREASURER	1	—

Contact Information

Address: 707 Virginia St E Ste 1600, Charleston, WV 25301-2723
Telephone: 304-345-8900
EIN: 55-6018107

Frequently Asked Questions

What does The Daywood Foundationinc fund?

The foundation's giving focuses primarily on community service organizations with emphasis on: • The arts • Health and human services

How do I apply for a grant from The Daywood Foundationinc?

The foundation maintains an active grantmaking program. Recent financial activity shows: • **2024 Expenses**: $934,641 in grants and charitable distributions • **2024 Revenue**: $2,680,956 • **2024 Net Income**: $1,746,315 The foundation appears to make grants on a regular basis to support its stated focus areas.

Where does The Daywood Foundationinc make grants?

The foundation operates in West Virginia, with headquarters in Charleston.

What size grants does The Daywood Foundationinc award?

In 2024, The Daywood Foundationinc awarded 54 grants totaling $847K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is The Daywood Foundationinc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Daywood Foundationinc reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.