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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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