Beauregard Foundation Inc.

Beauregard Foundation Inc. is a small, closely held family foundation run by three unpaid officers — Irving W. Bailey II (President/Treasurer/Secretary), Catherine T. Bailey, and William John Receveur — with no published mission statement, grants staff, or accessible application portal. Granted's own enrichment flags it 'preselected_only,' and its Form 990-PF disclosures confirm a giving pattern built almost entirely around causes personally connected to Bailey rather than an open, competitive process. Of the $2,026,000 in disclosed grants across 26 awards, 88.5% ($1,792,000) went to just two recipients: Operation Open Arms Inc. ($912,500 across 4 grants) — which Bailey co-founded and personally directs, placing children of incarcerated mothers with Louisville-area foster families — and the Community Foundation of Louisville ($879,500 across 3 grants), which likely functions as a pass-through the family uses to route additional community giving without individually vetting each downstream grantee. The remaining ~12% ($234,000) was spread thinly across 10 smaller Louisville-area nonprofits in gifts of $500 to $100,000, spanning arts (Louisville Ballet, Louisville Youth Choir), health (Gilda's Club, Swim Across America), youth/education (Evolve502, Taking Back Our Neighborhood), and one faith community (Ukrainian Pentecostal Church). For grant seekers, the strategic reality is that this is not an RFP-driven funder — it is a relationship vehicle. First-time applicants without a warm connection to Bailey, Catherine Bailey, or the Louisville civic and philanthropic circles they move in face long odds regardless of proposal quality. The one meaningful access point for smaller or newer organizations, based on the grantee pattern, is through the Community Foundation of Louisville's own donor-advised and competitive grant programs, which may effectively sub-grant Beauregard dollars to vetted local nonprofits — that path is worth pursuing before a direct approach. Given the near-total concentration in Kentucky, organizations outside KY (with secondary activity in NC and IN) — despite the foundation's Palm Beach, FL legal domicile — have essentially no track record of being funded here and should weigh that before investing outreach effort.

Annual total giving has ranged from $295,384 (2013) to a peak of $656,021 (2022), most recently $492,560 in FY2023 (cash grants paid: $424,000). The decade-long trend is a gradual climb — $287,000 (2013 grants paid) to $340,000 (2012) to $395,000 (2020) to $450,000 (2021) — with FY2022 as the high-water mark before pulling back in FY2023. Across the 26 itemized grants in Granted's data ($2,026,000 total, average $77,923 per grant), the distribution is sharply bimodal: two founder-affiliated recipients absorb 88.5% of dollars ($912,500 to Operation Open Arms, $879,500 to Community Foundation of Louisville), while the other 10 recipients split the remaining $234,000 in awards from $500 to $100,000 — a realistic range for any new relationship. The foundation's own Form 990-PF Part XV disclosure (most recent itemized set) lists a median grant of $55,000 and average of $75,000, ranging from $1,000 to $221,500. Geographically, giving is concentrated almost entirely in Kentucky — 21 of 26 grants (81%) — with North Carolina taking 4 (15%) and Indiana 1 (4%), despite the foundation's Palm Beach, FL mailing address. Purpose coding is dominated by unrestricted support: 9 of 12 recipients are labeled 'GENERAL FUND,' with the remaining 3 marked 'TO FURTHER ITS EXEMPT PURPOSE' — no project-restricted or program-specific grants appear in the record, indicating a preference for trusted, unrestricted operating gifts over discrete-project funding. Total assets held essentially flat between $5.2M and $5.8M from 2012 through 2023, then jumped 67% to $9,714,123 in FY2024 on $4,485,911 in revenue (92.2% from realized 'asset sales') against only $650,861 in expenses — a one-time portfolio liquidation or investment-gain event rather than new contributions (which have been minimal to zero across the filing history). That asset base implies a 5% minimum-distribution floor near $485,000 for FY2024/2025, with the enlarged corpus raising the plausible ceiling for near-term grantmaking once that year's 990-PF grant list is filed.

All six foundations cluster tightly around $9.7M in assets — an artifact of Granted's peer-matching by size within the 'Philanthropy & Grantmaking' NTEE bucket rather than shared mission. None of the five peers, including Beauregard itself, publish a formal grant application process, a common pattern among small, family-controlled foundations in this asset tier where giving is relationship-driven and effectively closed to unsolicited inquiries. Grant seekers should not treat 'Philanthropy & Grantmaking' as a shared program area to cross-apply against — Hawkins funds orthopedic medicine exclusively, while Beauregard funds Louisville human-services, arts, and youth nonprofits tied to its officers' personal networks.

No foundation-specific news coverage for 2025-2026 was found for Beauregard Foundation Inc. (EIN 65-0929642); web searches for the name mainly surfaced two unrelated organizations — the Ellis-Beauregard Foundation, a Maine arts funder running a new $50,000 documentary film award (applications March 1-31, 2026) and a $50,000 Visual Arts Award (opens June 1, 2026), and the Beauregard Health System Foundation in Louisiana, whose domain (beauregard.org) is incorrectly associated with this foundation in some directory data — neither is connected to the Palm Beach, FL foundation covered in this report. The most notable recent financial development is the FY2024 jump in total assets to $9,714,123, up 67% from $5,824,672 in FY2023, driven by $4,485,911 in revenue that was 92.2% realized investment/asset-sale gains rather than new contributions; the corresponding FY2024 grants-paid figure was not yet available in filing data at last check (Granted last verified this record 2026-07-21). No leadership changes were found — the same three unpaid officers (Irving W. Bailey II, Catherine T. Bailey, William John Receveur) appear across all available filings. Bailey continues in his outside role as Senior Advisor to Chrysalis Ventures, a Louisville venture capital firm, and remains active as Director/Co-founder of Operation Open Arms and a Trustee of Save the Children — both organizational relationships that continue to shape Beauregard's giving pattern. Prospective applicants and researchers should periodically re-check the foundation's Form 990-PF on ProPublica Nonprofit Explorer for a FY2024/2025 grants list once filed, since the asset increase could translate into a materially larger distribution.

There is no public application portal, LOI process, or published deadline for this foundation — Granted's own enrichment records the application-instructions field as empty, and no independent foundation website, GuideStar profile, or Candid listing shows a grants program page. The listed contact is '% Irving Bailey, PO Box 3242, Palm Beach, FL 33480-1442, (561) 659-9748' — a personal/registered-agent address, not a grants office, so any outreach should be treated as a personal letter rather than a form submission. Do not confuse this foundation with beauregard.org, which belongs to an unrelated Louisiana hospital system foundation. Because 88.5% of disclosed dollars flow to two Bailey-affiliated organizations, unsolicited applicants have a materially better shot routing through the Community Foundation of Louisville's own grant programs or donor-advised fund relationships than approaching Beauregard directly. Geographic alignment matters heavily: 81% of grants (21 of 26) went to Kentucky organizations, specifically Louisville — groups outside KY, NC, or IN are historical outliers. Grant purposes are almost entirely unrestricted 'GENERAL FUND' support (9 of 12 recipients) rather than project- or program-specific grants, so proposals should frame the ask as core mission/operating support rather than a discrete initiative. Award sizes vary enormously by relationship tier: flagship, long-standing grantees receive $10,000 to $300,000+ per gift (Operation Open Arms grants averaged $228,125 each), while newer or smaller relationships start at $500 to $10,000 (The Butler Foundation, $500; The Louisville Ballet, $2,500) — a first ask from an unfamiliar organization should be modest and specific, not a large six-figure request. The most common mistake would be treating this like a typical open foundation with an RFP cycle; with no staff, no online form, and no track record of funding cold inquiries, a generic mailed proposal is unlikely to be read. The strongest available lever is relationship-building: organizations sharing board members, donors, or civic circles with Chrysalis Ventures, Operation Open Arms, or Save the Children have a structural advantage in getting noticed. Timing-wise, the FY2024 asset jump to $9.71M may expand available grant dollars for the FY2025/2026 cycle, making this a reasonable moment for a brief, personally addressed introduction rather than a formal packet.