The Jack M Matthews Corporation
The Jack M Matthews Corporation is a private foundation based in Galax, Virginia. Its 2025 filing describes restrictions on its charitable and educational purposes, including tours, soil and water protection, open space, and growing forest species indigenous to Southwest Virginia.
The Jack M Matthews Corporation at a glance
In short: The Jack M Matthews Corporation gave $445K across 15 grants in 2025 (avg $30K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $444,857
- +25.1% vs 2024
- Grants made (2025)
- 15
- +25.0% vs 2024
- Average grant
- $29,657
- +0.1% vs 2024
- Median grant
- $25,000
- Total assets
- $6,118,057
- -2.7% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Jack M Matthews Corporation
- How to Apply
-
The filing directs applicants to see the attached application. It states that applications may be submitted at any time during the year.
- Review Cycle
- There are no submission deadlines.
- Deadline
- There are no submission deadlines.
- Contact
Application contact: Lynn Hazelwood
Mailing address: 203 W Grayson St, Galax, VA 24333
Phone: (276) 236-8135
Email: lhazelwood@persingercpa.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Jack M Matthews Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Virginia Tech Foundation Inc ($150K across 2 grants). Together the top 10 received $429K.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 45 grants of 60 (75%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
States
Cities
How The Jack M Matthews Corporation gives
- 62% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $52K (2021) to $523K (2022). In 2025 it made 15 grants totaling $445K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Tech Foundation Inc Blacksburg, VA | American Chestnut and Quail Research | $100,000 |
| Matthews Living History Farm Museum Galax, VA | Support for Organization | $60,000 |
| Virginia Tech Foundation Inc Blacksburg, VA | Suppport for Student Research | $50,000 |
| Blue Ridge Discovery Center Troutdale, VA | Support for Educational Programs | $50,000 |
| New River Soil & Water Conservation Galax, VA | Support the Purchase of Land | $48,131 |
| Va Chapter of the American Chestnut Charlottesville, VA | American Chestnut Research | $32,000 |
| Lee Livestock Association Inc Jonesville, VA | Support Virtual Fence System Project | $30,000 |
| Grayson Landcare Independence, VA | Support for Organization | $25,000 |
| New River Hill Farm Galax, VA | Educational Programs | $12,670 |
| Carroll County Education Foundation Hillsville, VA | College Scholarship | $9,076 |
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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 | $6,118,057 | $301,426 | $472,498 | $444,857 | 15 | $455,352 | $303,862 | $514,064 |
| 2024 | $6,289,125 | $220,361 | $381,366 | $355,694 | 12 | $365,335 | $320,477 | $472,554 |
| 2023 | $6,450,130 | $589,456 | $416,330 | $387,841 | 16 | $396,893 | $268,545 | $413,177 |
| 2022 | $6,277,004 | $325,495 | $561,760 | $522,735 | 15 | $534,357 | $246,302 | $424,700 |
| 2021 | $6,513,311 | $282,709 | $55,579 | $51,950 | 2 | $53,160 | $129,022 | $477,859 |
Under IRS private-foundation payout rules, The Jack M Matthews Corporation reported a distributable amount of $514K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The filing does not state a separate mission. It identifies scientific, recreational, and educational purposes related to tours, soil and water protection, open space, and growing forest species indigenous to Southwest Virginia.
Its 2025 grants included support for research, educational programs, land purchase, conservation projects, scholarships, and state-park upkeep. Among the recipients, Virginia Tech Foundation described its role as managing Virginia Tech’s endowment to advance the university’s mission and strategic priorities. Blue Ridge Discovery Center described its mission as inspiring curiosity, discovery, and stewardship through the wonders of the Blue Ridge.
Grantmaking
In 2025, the corporation awarded 15 grants totaling $444,857. Grant amounts ranged from $2,000 to $100,000, with a median of $25,000.
Notable 2025 grants included $100,000 to Virginia Tech Foundation for American chestnut and quail research; $60,000 to Matthews Living History Farm Museum for organizational support; $50,000 to Virginia Tech Foundation for student research; $50,000 to Blue Ridge Discovery Center for educational programs; and $48,131 to New River Soil & Water Conservation for a land purchase.
The filing states that the foundation does not restrict giving to preselected organizations. It lists an application form as attached and names Lynn Hazelwood as the contact.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John W Bolen as president; James M Baxley as secretary; Onnie Harmon as treasurer; Douglas S Vaught as vice president; and Bobby R Thomason, Cindy Huff, and Rebecca W Cardwell as directors.
The Jack M Matthews Corporation is led by Douglas S. Vaught, V President on every filing since 2021; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Douglas S. Vaught
V President
On filings since 2021
No compensation reported
John W. Bolen
President
On filings since 2021
No compensation reported
Bobby R. Thomason
Director
On filings since 2021
No compensation reported
Cindy Huff
Director
On filings since 2021
No compensation reported
Rebecca W. Cardwell
Director
On filings since 2023
No compensation reported
James M. Baxley
Secretary
On filings since 2021
No compensation reported
Onnie Harmon
Treasurer
On filings since 2021
No compensation reported
Former officers (1)
- Former: Mike Reavis (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Jack M Matthews Corporation
How much does The Jack M Matthews Corporation give each year?
The Jack M Matthews Corporation gave $445K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $356K across 12 grants.
What is The Jack M Matthews Corporation's typical grant size?
The Jack M Matthews Corporation's median grant in 2025 was $25,000, and its average grant was $29,657, across 15 grants on its 2025 IRS Form 990-PF.
Where does The Jack M Matthews Corporation give grants?
The Jack M Matthews Corporation gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Galax, VA (6 grants) and Blacksburg, VA (2 grants).
Does The Jack M Matthews Corporation give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on The Jack M Matthews Corporation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Jack M Matthews Corporation's largest grantees?
The Jack M Matthews Corporation's largest 2025 grantees include Virginia Tech Foundation Inc ($150,000 across 2 grants), Matthews Living History Farm Museum ($60,000) and Blue Ridge Discovery Center ($50,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is The Jack M Matthews Corporation?
The Jack M Matthews Corporation reported $6.1M in total assets on its 2025 IRS Form 990-PF. It paid out $455K in qualifying distributions that year, against a required minimum of $514K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Jack M Matthews Corporation fund?
The filing does not state a separate mission. It identifies scientific, recreational, and educational purposes related to tours, soil and water protection, open space, and growing forest species indigenous to Southwest Virginia. See mission & focus areas ↑
How do I apply for a grant from The Jack M Matthews Corporation?
The filing directs applicants to see the attached application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 June 9, 2026)
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). The Jack M Matthews Corporation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-jack-m-matthews-corporation-morg_7b8ef236497646db8faa8bb19c570b50
BibTeX
@misc{grantable_850576755_2026,
author = {{Grantable}},
title = {{The Jack M Matthews Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-jack-m-matthews-corporation-morg_7b8ef236497646db8faa8bb19c570b50},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Jack M Matthews Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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