The Jack M Matthews Foundation
The Jack M Matthews Foundation is a private foundation based in Galax, Virginia. Its 2021 filing is marked as a final return, and the filing states that all of the foundation’s assets were transferred to the charitable non-stock corporation of the Jack M. Matthews Corporation. The foundation appears to have wound down or stopped grantmaking.
The Jack M Matthews Foundation at a glance
In short: The Jack M Matthews Foundation gave $159K across 10 grants in 2021 (avg $16K), mostly in Virginia. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $159,130
- -32.7% vs 2020
- Grants made (2021)
- 10
- +0.0% vs 2020
- Average grant
- $15,913
- -32.7% vs 2020
- Median grant
- $4,665
- Primary geography
- Virginia (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
How to apply to The Jack M Matthews Foundation
- 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 Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2021
The largest 2021 recipient was Virginia Department of Forestry ($55K across 2 grants). Together the top 9 received $159K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 16 grants of 20 (80%).
Geographic Focus
Where this funder awards grants
All 2021 grant dollars went to recipients in Virginia.
Grant Distribution by State
Share of 2021 grant dollars across all 10 itemized grants.
States
Cities
How The Jack M Matthews Foundation gives
- In 2021 it paid out 46% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021, annual grant giving ranged from $159K (2021) to $237K (2020). In 2021 it made 10 grants totaling $159K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blue Ridge Discovery Center Independence, VA | Support for Educational Programs | $50,000 |
| Virginia Department of Forestry Galax, VA | Support Living History Farm Museum | $50,000 |
| Grayson Landcare Independence, VA | Support for Organization | $25,000 |
| New River Hill Farm Galax, VA | Purchase a Tractor | $12,800 |
| Virginia Department of Forestry Galax, VA | Upkeep at State Park | $5,330 |
| Virginia Departement of Forestry Virginia Department of Forestry Galax, VA | Support for Educational Programs | $4,000 |
| Carroll County Foundation Hillsville, VA | College Scholarship | $3,000 |
| Galax Foundation for Excellence I Galax Foundation for Excellence in Education Galax, VA | College Scholarship | $3,000 |
| Grayson County Scholarship Independence, VA | College Scholarship | $3,000 |
| Galax Carroll Grayson Animal Shel Galax Carroll Grayson Animal Shelter Galax, VA | Expansion of the Animal Shelter | $3,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $130,805 | $196,882 | $159,130 | 10 | $171,713 | $86,431 | $372,913 |
| 2020 | $6,360,332 | $214,395 | $269,869 | $236,560 | 10 | — | $235,351 | $371,971 |
Under IRS private-foundation payout rules, The Jack M Matthews Foundation reported a distributable amount of $373K for 2021 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2021 grants show support for educational programs, a living history farm museum, scholarships, conservation-related organizations, a farm equipment purchase, park upkeep, and an animal shelter.
Blue Ridge Discovery Center Inc., which received $50,000 in 2021, describes its own mission as “inspiring curiosity, discovery, and stewardship through the wonders of the Blue Ridge.” This is the grantee’s mission, not a stated mission of the foundation.
Grantmaking
In 2021, the foundation awarded 10 grants totaling $159,130. Grant amounts ranged from $3,000 to $50,000, with a median grant of $4,665. Notable grants included $50,000 to Blue Ridge Discovery Center for educational programs, $50,000 to the Virginia Department of Forestry for the living history farm museum, and $25,000 to Grayson LandCare for organizational support.
The filing states that the foundation did not restrict giving to preselected organizations. It lists no application form or materials, deadlines, or award restrictions. These filing details are not presented as current application instructions because the filing was marked final.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2021 filing lists John W Bolen Jr and James M Baxley as trustees.
The Jack M Matthews Foundation's 2021 filing lists 2 officers; none of the 2 officers listed in 2021 report compensation.
Officers on the 2021 filing
James M. Baxley
Trustee
On filings since 2020
No compensation reported
John W. Bolen Jr.
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "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 Foundation
How much does The Jack M Matthews Foundation give each year?
The Jack M Matthews Foundation gave $159K across 10 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $237K across 10 grants.
What is The Jack M Matthews Foundation's typical grant size?
The Jack M Matthews Foundation's median grant in 2021 was $4,665, and its average grant was $15,913, across 10 grants on its 2021 IRS Form 990-PF.
Where does The Jack M Matthews Foundation give grants?
The Jack M Matthews Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Galax, VA (6 grants) and Independence, VA (3 grants).
Does The Jack M Matthews Foundation give general operating support?
Not in 2021: none of the 10 grants with a stated purpose on The Jack M Matthews Foundation's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (3 grants).
Who are The Jack M Matthews Foundation's largest grantees?
The Jack M Matthews Foundation's largest 2021 grantees include Virginia Department of Forestry ($55,330 across 2 grants), Blue Ridge Discovery Center ($50,000) and Grayson Landcare ($25,000), according to its 2021 IRS Form 990-PF. Together they received 82% of its itemized 2021 grant dollars.
What does The Jack M Matthews Foundation fund?
No mission statement for the foundation is provided. Its 2021 grants show support for educational programs, a living history farm museum, scholarships, conservation-related organizations, a farm equipment purchase, park upkeep, and an animal shelter. See mission & focus areas ↑
How do I apply for a grant from The Jack M Matthews Foundation?
The Jack M Matthews Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
How much is The Jack M Matthews Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, The Jack M Matthews Foundation reported a distributable amount of $373K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jack M Matthews Foundation's EIN?
The Jack M Matthews Foundation's EIN (Employer Identification Number) is 20-0189021. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 9, 2022)
- IRS filings on file for fiscal years 2020–2021
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The Jack M Matthews Foundation down — hundreds of funders to go?