B F Foundation

Organization Overview

B F Foundation is located in Grundy, VA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B F Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, B F Foundation generated $853.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $710.8k during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, B F Foundation has awarded 21 individual grants totaling $1,134,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS TO 501(C) ORGANIZATIONS; SEE PAGE 11: PART XIV FOR DETAILS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $97
Dividends & Interest $247,866
Net Rental Income$0
Net Gain on Sale of Assets $605,925
Capital Gain Net Income $605,925
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $853,888

Grants Awarded

Over the last fiscal year, B F Foundation has awarded $564,100 in support to 11 organizations.

Grant RecipientAmount

BUCHANAN COUNTY YMCA

PURPOSE: EDUCATIONAL

$218,000

BOYS & GIRLS CLUB OF CENTRAL APPALACHIA

Org PageRecipient Profile

Grundy, VA

PURPOSE: EDUCATIONAL

$125,000

ALICE LLYOD COLLEGE

PURPOSE: EDUCATIONAL

$75,000

THE UNIVERISTY OF VIRGINIA'S COLLEGE AT WISE

PURPOSE: EDUCATIONAL

$60,000

BUCHANAN COUNTY TECHNOLOGY AND CAREER CENTER

PURPOSE: EDUCATIONAL

$25,000

COMMUNITY ARTS CENTER FOUNDATION

PURPOSE: EDUCATIONALEDUCATIONAL

$20,000
View Grant Profile

Peer Organizations

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