The McGlothlin Foundation
The McGlothlin Foundation is a private, tax-exempt 501(c)(3) philanthropic organization based in Bristol, Virginia. Established in August 1998 by Woodrow W. McGlothlin (1914–2005), the foundation directs its resources toward worthy causes in higher education, healthcare, and the arts. The foundation traces its roots to the McGlothlin family's modest beginnings in the mountains of Southwest Virginia, where the family later built wealth through involvement in oil, gas, real estate, and financial services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.1M
+4.4% YoY
Annual Giving
$795K
-0.5% YoY
Grant Count
15
-11.8% YoY
Avg Grant Size
$53K
+12.7% YoY
Mission & Focus Areas
Mission Statement: The McGlothlin Foundation offers its assistance to those who wish to maintain the beauty of their surroundings, improve the health of all peoples, and prepare mankind to live in a more civil and peaceful environment through aid to higher education, healthcare, and the arts.
Primary Focus Areas:
Education The foundation's higher education focus gives primary concern to proposals for private institutions, though some consideration is given to state-supported colleges and universities. Grants include support for brick and mortar projects as well as programmatic needs.
Healthcare The foundation has an interest in providing grants to support hospitals and healthcare foundations with capital projects.
The Arts The foundation provides grants for theatres and museums for capital projects.
The foundation's primary interest centers on infrastructure and brick and mortar projects; however, attention is also given to programmatic proposals.
Grantmaking
Organizations are encouraged to apply after prior awards have concluded. The foundation does not fund individuals or political activities. Proposals should be submitted to tax-exempt nonprofits.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation's geographic area of interest encompasses:
- Southwest Virginia
- Eastern Kentucky
- Northeast Tennessee
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $16,344,297
- Total Revenue: $727,609
- Total Expenses: $1,062,899
- Total Liabilities: $3,900
- Investment Income and Dividends: $408,476
As of 2024:
- Total Assets: $17,055,594
- Total Giving: $794,905
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,055,594 | $16,344,297 | $16,635,018 |
| Revenue | $1,748,939 | $727,609 | $483,568 |
| Expenses | $1,041,981 | $1,062,899 | $1,275,754 |
| Qualifying Distributions | $896,948 | $903,014 | $1,022,527 |
| Net Investment Income | $1,617,844 | $581,071 | $258,362 |
| Distributable Amount | $975,212 | $897,162 | $918,398 |
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
78 grants across all recorded years
Open Grants
1 open opportunity from The McGlothlin Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Thomas D. McGlothlin – President
- Michael G. McGlothlin – Secretary
- James W. McGlothlin – Treasurer
The foundation operates with one employee.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas D McGlothlin | President | 35 | $89,400 |
| Michael G McGlothlin | Secretary | 1 | — |
| James W McGlothlin | Treasurer | 1 | — |
Contact Information
The McGlothlin Foundation 1005 Glenway Avenue Bristol, VA 24201 Phone: 276-645-5370 Website: www.themcglothlinfoundation.com
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The McGlothlin Foundation on Grantable?
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