The Jack M Matthews Corporation
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
Under IRS private-foundation payout rules, The Jack M Matthews Corporation reported a distributable amount of $473K for 2024 — the minimum it must pay out in qualifying distributions.
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.
Focus Areas
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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 | $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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Virginia Tech Foundation Inc ($100,000), Nc State University ($61,741), Matthews Living History Farm Museum ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VIRGINIA DEPARTMENT OF FORESTRY GALAX, VA | UPKEEP AT STATE PARK | $8,498 |
| BLUE RIDGE DISCOVERY CENTER TROUTDALE, VA | SUPPORT FOR EDUCATIONAL PROGRAMS | $50,000 |
| GRAYSON LANDCARE INDEPENDENCE, VA | SUPPORT FOR ORGANIZATION | $50,000 |
| NEW RIVER HILL FARM GALAX, VA | TRAIL CLEANUP FROM HURRICANE | $10,000 |
| MATTHEWS LIVING HISTORY FARM MUSEUM GALAX, VA | SUPPORT FOR ORGANIZATION | $60,000 |
| GALAX FOUNDATION EXCELLENCE IN ED GALAX, VA | COLLEGE SCHOLARSHIP | $3,900 |
| VIRGINIA DEPARTMENT OF FORESTRY GALAX, VA | SUPPORT EDUCATIONAL PROGRAMS | $3,500 |
| SOUTHWEST VIRGNIA CHAPTER OF SAF LEBANON, VA | SUPPORT EVENT FOR 4-H FORESTRY | $1,000 |
| CARROLL COUNTY FFA HILLSVILLE, VA | SUPPORT EDUCATION PROGRAMS | $3,000 |
| NC STATE UNIVERSITY RALEIGH, NC | SUPPORT FOR RESEARCH OF WHITE PINE | $61,741 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN W BOLEN | PRESIDENT | — | — |
| JAMES M BAXLEY | SECRETARY | — | — |
| ONNIE HARMON | TREASURER | — | — |
| BOBBY R THOMASON | DIRECTOR | — | — |
| DOUGLAS S VAUGHT | V PRESIDENT | — | — |
| CINDY HUFF | DIRECTOR | — | — |
| REBECCA W CARDWELL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Jack M Matthews Corporation?
The Jack M Matthews Corporation is a private foundation focused on Environment & Animals, based in GALAX, VA. It holds $6.3M in total assets as of 2024.
How large is The Jack M Matthews Corporation?
As of 2024, The Jack M Matthews Corporation holds $6.3M in total assets with $220K in annual revenue. It awarded 12 grants totaling $356K in 2024.
Where does The Jack M Matthews Corporation operate?
The Jack M Matthews Corporation has awarded grants in North Carolina, Virginia.
What size grants does The Jack M Matthews Corporation award?
In 2024, The Jack M Matthews Corporation awarded 12 grants totaling $356K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is The Jack M Matthews Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jack M Matthews Corporation reported a distributable amount of $473K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jack M Matthews Corporation's EIN?
The Jack M Matthews Corporation's EIN (Employer Identification Number) is 85-0576755. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Jack M Matthews Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.