The Jack M Matthews Corporation

GALAX, VA EIN: 85-0576755

The Jack M Matthews Corporation is a private foundation focused on Environment & Animals, based in GALAX, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 12 grants totaling $356K. Net investment income was $320K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.3M

-2.5% YoY

Annual Giving

$356K

-8.3% YoY

Grant Count

12

-25.0% YoY

Avg Grant Size

$30K

+22.3% YoY

About The Jack M Matthews Corporation

Based on IRS filings

The Jack M Matthews Corporation is a private foundation focused on Environment & Animals, based in GALAX, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $6.3M in total assets. In 2024, it awarded 12 grants totaling $356K. Net investment income was $320K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BlacksburgFriesGalaxHillsvilleIndependenceLebanonRaleighTalorsvilleTroutdaleWest Jefferson

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$162K$324K$486K$648K2021202220232024
Metric202420232022
Total Assets$6,289,125$6,450,130$6,277,004
Revenue$220,361$589,456$325,495
Expenses$381,366$416,330$561,760
Qualifying Distributions$365,335$396,893$534,357
Net Investment Income$320,477$268,545$246,302
Distributable Amount$472,554$413,177$424,700

Giving Over Time

Total grant dollars and number of grants per year

$0$131K$261K$392K$523K2 grants202115 grants202216 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

VIRGINIA TECH FOUNDATION…$100KNC STATE UNIVERSITY$62KMATTHEWS LIVING HISTORY …$60KBLUE RIDGE DISCOVERY CEN…$50KGRAYSON LANDCARE$50KNEW RIVER HILL FARM$10KVIRGINIA DEPARTMENT OF F…$8KCARROLL COUNTY EDUCATION…$4KGALAX FOUNDATION EXCELLE…$4KVIRGINIA DEPARTMENT OF F…$4K

Grant Size Distribution

45 grants across all recorded years

34<$50K6$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JOHN W BOLENPRESIDENT
JAMES M BAXLEYSECRETARY
ONNIE HARMONTREASURER
BOBBY R THOMASONDIRECTOR
DOUGLAS S VAUGHTV PRESIDENT
CINDY HUFFDIRECTOR
REBECCA W CARDWELLDIRECTOR

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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