The Way of Love Foundation
The Way of Love Foundation is a private foundation, based in Ashland, VA. IRS filing data is available from 2024 through 2025. In 2025, it awarded 9 grants totaling $2.5M. Net investment income was $117K.
The Way of Love Foundation at a glance
In short: The Way of Love Foundation gave $2.5M across 9 grants in 2025 (avg $278K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,498,854
- +7039.6% vs 2024
- Grants made (2025)
- 9
- +125.0% vs 2024
- Average grant
- $277,650
- +3073.1% vs 2024
- Median grant
- $10,000
- 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 September 2026.
Who The Way of Love Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Jones Foundation ($2.4M across 2 grants). Together the top 8 received $2.5M.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 11 grants of 13 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How The Way of Love Foundation gives
- In 2025 it paid out 58% 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 2024 to 2025, annual grant giving ranged from $35K (2024) to $2.5M (2025). In 2025 it made 9 grants totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jones Foundation Ashland, VA | To Support Charitable Purposes | $2,353,354 |
| Jones Foundation Ashland, VA | To Support Charitable Purposes | $72,500 |
| St James the Less Ashland, VA | To Support Charitable Purposes | $35,000 |
| Randolph-Macon College Ashland, VA | To Support Charitable Purposes | $10,000 |
| Shrine Mont Orkney Springs, VA | To Support Charitable Purposes | $10,000 |
| Church of Our Savior Montpelier, VA | To Support Charitable Purposes | $10,000 |
| Ashland Museum Ashland, VA | To Support Charitable Purposes | $5,000 |
| The Episcopal Diocese of VA Richmond, VA | To Support Charitable Purposes | $2,000 |
| Phi Theta Pi Tiffin, OH | To Support Charitable Purposes | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $151,142 | $2,528,432 | $2,498,854 | 9 | $73,000 | $117,414 | $125,013 |
| 2024 | $2,377,290 | $545,704 | $70,243 | $35,000 | 4 | $35,000 | $158,969 | $101,981 |
Under IRS private-foundation payout rules, The Way of Love Foundation reported a distributable amount of $125K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Way of Love Foundation is led by Yancey S. Jones Jr., Director & President since 2025 (on filings since 2024); none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Yancey S. Jones Jr.
Director & President
President → Director & President, 2025
On filings since 2024
2 hrs/week
No compensation reported
Dutch M. Jones
Director & Vice President
Vice President → Director & Vice President, 2025
On filings since 2024
1 hr/week
No compensation reported
Jane H. Jones
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Lauren H. Jones
Director & Secretary
Secretary → Director & Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Mai Anh N. Jones
Director & Treasurer
Treasurer → Director & Treasurer, 2025
On filings since 2024
1 hr/week
No compensation reported
Yancey S. Jones Sr.
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "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 Way of Love Foundation
How much does The Way of Love Foundation give each year?
The Way of Love Foundation gave $2.5M across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 4 grants.
What is The Way of Love Foundation's typical grant size?
The Way of Love Foundation's median grant in 2025 was $10,000, and its average grant was $277,650, across 9 grants on its 2025 IRS Form 990-PF.
Where does The Way of Love Foundation give grants?
The Way of Love Foundation 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 Ashland, VA (5 grants).
Who are The Way of Love Foundation's largest grantees?
The Way of Love Foundation's largest 2025 grantees include Jones Foundation ($2,425,854 across 2 grants), St James the Less ($35,000) and Randolph-Macon College ($10,000), according to its 2025 IRS Form 990-PF. Together they received 99% of its itemized 2025 grant dollars.
How much is The Way of Love Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Way of Love Foundation reported a distributable amount of $125K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Way of Love Foundation's EIN?
The Way of Love Foundation's EIN (Employer Identification Number) is 84-4340321. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
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Figures come from The Way of Love Foundation'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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