The William O & Carole P Bailey Family
The William O & Carole P Bailey Family Foundation is a private grantmaking foundation based in Richmond, Virginia. Established in June 1998, it operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+1.2% YoY
Annual Giving
$159K
-13.2% YoY
Grant Count
26
+23.8% YoY
Avg Grant Size
$6K
-29.9% YoY
Under IRS private-foundation payout rules, The William O & Carole P Bailey Family reported a distributable amount of $159K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making priorities include:
- Education
- Health Care
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation maintains an active grantmaking program, though specific application procedures are not detailed in available sources.
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Geographic Focus
Where this funder awards grants
The foundation primarily directs funding toward organizations in:
- Connecticut
- New York
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,185,112
- Total Giving: $158,500
- Total Liabilities: $0
Historical Context (2023):
- Revenue: −$164,000
- Expenses: $201,000
- Total Assets: $1.17 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,185,112 | $1,171,464 | $1,475,158 |
| Revenue | $200,720 | $-164,023 | $43,980 |
| Expenses | $185,239 | $200,576 | $438,262 |
| Qualifying Distributions | $172,128 | $182,620 | $404,055 |
| Net Investment Income | $187,609 | $8,109 | $16,773 |
| Distributable Amount | $158,791 | $140,527 | $158,328 |
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
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Corazon de Nina ($32,500), Cycle Kids Inc ($22,500), Wildlife Conservation Society ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PUSH Empowered Pregnancy Katonah, NY | Unrestricted Operational Support | $500 |
| New York City Ballet New York, NY | Unrestricted Operational Support | $7,500 |
| Sharon Fire & Ambulance Fund Sharon, CT | Unrestricted Operational Support | $5,000 |
| Sharon Playhouse Sharon, CT | Unrestricted Operational Support | $5,000 |
| The Little Guild Aminal Rescue West Cornwall, CT | Unrestricted Operational Support | $1,000 |
| The Nature Conservancy New Haven, CT | Unrestricted Operational Support | $1,000 |
| Wadsworth Atheneum Hartford, CT | Unrestricted Operational Support | $2,500 |
| Wildlife Conservation Society Bronx, NY | Unrestricted Operational Support | $10,000 |
| Bryn Mawr College Byrn Mawr, PA | Unrestricted Operational Support | $5,000 |
| Christ Church Episcopal of Sharon CT Sharon, CT | Unrestricted Operational Support | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carole P Bailey French | President & Director | 10 | — |
| Carolyn L Bailey | Corresponding Secretary | 10 | — |
| George E Bailey | Recording Secretary | 10 | — |
| Janet Bailey Faude | Treasurer | 10 | — |
Recent News & Activity
Recent developments and announcements
The Bailey Foundation has made significant contributions to educational and scientific initiatives, including:
Bailey Foundation - University of Florida AdvancementA $4 million gift to University of Florida Health to expand STEM education at The Wertheim UF Scripps Institute
Bailey Foundation - University of Florida AdvancementA $2 million donation for scholarships at the University of Arkansas at Little Rock (UALR)
Support for a scholarship in the Ole Miss School of Education
Baileys Create Scholarship in Ole Miss School of Education \u2013 The Local\Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The William O & Carole P Bailey Family fund?
The foundation's grant-making priorities include: • Education • Health Care • Philanthropy, Voluntarism & Grantmaking
How do I apply for a grant from The William O & Carole P Bailey Family?
**Grant Characteristics:** • Typical award range: $500–$160,000 • Total giving (2024): $158,500 The foundation maintains an active grantmaking program, though specific application procedures are not detailed in available sources.
Where does The William O & Carole P Bailey Family make grants?
The foundation primarily directs funding toward organizations in: • Connecticut • New York • Massachusetts
What size grants does The William O & Carole P Bailey Family award?
In 2024, The William O & Carole P Bailey Family awarded 26 grants totaling $159K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The William O & Carole P Bailey Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The William O & Carole P Bailey Family reported a distributable amount of $159K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William O & Carole P Bailey Family's EIN?
The William O & Carole P Bailey Family's EIN (Employer Identification Number) is 54-1860572. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The William O & Carole P Bailey Family's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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