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Bolick Foundation is a private corporation based in CONOVER, NC. The foundation received its IRS ruling in 2017. The principal officer is Jerome W Bolick. It holds total assets of $55.1M. Annual income is reported at $29.6M. Total assets have grown from $7.5M in 2011 to $51.9M in 2023. The foundation is governed by 6 officers and trustees. Tax records are available from 2021 to 2024. Grantmaking is concentrated in North Carolina. According to available records, Bolick Foundation has made 608 grants totaling $25.7M, with a median grant of $15K. Annual giving has grown from $2.3M in 2021 to $23.5M in 2023. Individual grants have ranged from $250 to $3.6M, with an average award of $42K. The foundation has supported 237 unique organizations. The foundation primarily supports organizations in Missouri, North Carolina, Georgia, which account for 41% of all grants. Grantmaking reaches organizations across 31 states. Contributions to this foundation are tax-deductible.
The Bolick Foundation is a privately-held evangelical family foundation with a singular, faith-driven mandate: spreading the Christian gospel and aiding those in need. Founded in 1967 by the Bolick family — whose wealth derives from Southern Furniture Company, a 96-year-old enterprise sold to Samson Holding in 2019 — the foundation operates from Conover, NC with approximately $55.1M in assets and a dramatically expanding grant budget ($2.3M in FY2020 → $18.6M in FY2023).
The foundation's giving philosophy is explicitly evangelical and deeply relational. Its top grantees — Lutheran Church Missouri Synod ($7.43M across 4 grants), Gateway International Missions ($1.15M), Lutheran Theological Southern Seminary ($875K), Lutheran Hour Ministries ($600K), and Concordia Seminary St. Louis ($375K) — reflect long-term institutional partnerships built over multiple grant cycles. Most top-50 recipients appear 3-7 times in the grantee record, confirming this is not a one-and-done funder but one that rewards demonstrated alignment and accountability.
First-time applicants begin with a Letter of Inquiry submitted via the Temelio grantmaking portal, which can be submitted at any time (no LOI deadline). The LOI must include the most recent financial statement. Approved LOIs receive an invitation to submit a full proposal for one of two annual cycles: October 31 deadline (December funding decisions) or April 30 deadline (June funding decisions). Funded partners may apply only once per fiscal year (July 1–June 30). Returning grantees bypass the LOI but must complete a mandatory Impact Report before reapplying — a new 2026 requirement signaling professionalization.
The strongest candidates will be U.S.-based 501(c)(3) organizations with at least four years of registration, a clear evangelical Christian mission or explicit Christian program integration, and measurable evangelism or discipleship outcomes. The foundation supports work in 100+ countries indirectly through mission organizations, but maintains a strong North Carolina anchor — 33% of tracked grants go to NC-based recipients. National organizations with proven international reach perform particularly well. The foundation explicitly excludes endowments, capital projects, individual scholarships, staff salaries, and travel expenses.
The Bolick Foundation's grantmaking has undergone extraordinary expansion. Annual grants paid grew from $429,750 (FY2013) to $573,200 (FY2015), held steady at roughly $2.3M through FY2019-2020, then surged to $3.16M (FY2021), $11.73M (FY2022), and $18.15M (FY2023) — a 695% increase in three years. This acceleration follows an extraordinary FY2021 in which the foundation received $289.5M in contributions, almost certainly a major family wealth transfer or estate distribution.
Grant size varies dramatically by relationship depth. The foundation's typical grant size data (130 tracked awards) shows a median of $10,000 and an average of $17,640, with a range from $250 to $350,000. However, cumulative multi-year giving to top partners tells a different story: the top 50 grantees have received between $100,000 and $7.43M total, with most long-term institutional partners falling in the $150,000–$875,000 cumulative range across 3-4 grant cycles.
By focus area (based on grantee purpose descriptions in the top-50 dataset): - International missions and evangelism: approximately 45% of dollars (Pioneers, Operation Mobilization, African Inland Mission, IFES, Gateway International Missions, Servant Partners, E3 Partners, WorldLink, TEAM USA, Asian Partners International) - Lutheran institutional support (seminaries, synods, national church bodies): approximately 35% (LCMS, Concordia seminaries, NC Synod of ELCA, Lutheran Hour Ministries, Lutheran World Relief) - Christian higher education: approximately 8% (Lenoir-Rhyne University, Gardner-Webb University, Moody Bible Institute, University Christian High School) - Bible translation and distribution: approximately 5% (Vision Beyond Borders, SIL International, JAARS, Elam Ministries) - Local NC human services with Christian mission: approximately 7% (Eastern Catawba Cooperative Christian Ministry, Baptist Children's Home of NC, Concordia Lutheran Church, Hickory Soup Kitchen)
Geographically, NC receives 202 of 608 tracked grants (33%), followed by TX (38), CO (28), FL (27), PA (27), GA (31), CA (26), IL (25), and VA (24). The foundation's total tracked grantmaking across 608 grants amounts to $25.75M, with an average per-grant figure of $42,350.
The five peer foundations identified share similar asset levels (~$55M) but differ significantly in giving volume, focus, and accessibility.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Bolick Foundation (NC) | $55.1M | $18.6M (FY2023) | Christian evangelical, global missions | LOI via Temelio portal |
| J.L. Bedsole Foundation (AL) | $55.0M | Est. $2–3M | Education, human services, arts (Mobile, AL) | Invited proposals |
| Lisa & Steven Tananbaum Charitable Trust (FL) | $55.1M | Est. $1–2M | Arts, culture, and related causes | Invited only |
| Robert H. Murphy Foundation (CA) | $55.2M | Est. $1–2M | General philanthropy (CA) | Limited public info |
| Sarah Ketterer Family Foundation (CA) | $55.2M | Est. $1–2M | Education, humanitarian causes | Limited public info |
Among same-asset-tier peers, the Bolick Foundation's $18.6M in FY2023 annual giving is exceptional — representing approximately 34% of total assets, versus the typical private foundation payout rate of 5–6%. This above-average distribution rate reflects both the evangelical urgency of the Bolick family's mission (gospel spreading is time-sensitive in their worldview) and the post-2021 influx of new endowment capital seeking deployment. The J.L. Bedsole Foundation is the most structurally comparable peer — also a family foundation with a website, formal application process, and Southern U.S. geographic anchor — but focuses on secular community needs in Mobile County, AL rather than global Christian missions. Applicants unable to demonstrate explicit evangelical gospel alignment should look to peers like Bedsole (for education/human services) rather than Bolick.
The foundation's most significant recent development is its rapid staff expansion to manage dramatically increased grantmaking. September 2025: Blair White joined as Associate Executive Director, the foundation's second executive hire. Her description — 'deep compassion for others and a passionate commitment to the Christian gospel' — makes clear that cultural and theological fit is a prerequisite for all institutional relationships, including grantees. Executive Director Joyce B. Cline (hired 2020, compensation $150,000) continues to lead day-to-day operations; CFO Tim McGhee and Executive Assistant Joye Lane round out the small permanent staff.
2025 grantmaking: 266 awards were made, continuing growth from the 200+ partners reported in 2023. Impact page highlights include recent grants to Hickory Soup Kitchen Inc (NC), Coral Ridge Ministries, Here's Life Africa (15,000 Bibles distributed), Prison Alliance (Philippines), Concordia University Nebraska, and organizations in South Asia and Liberia — reflecting the foundation's dual local/global giving approach.
Structural developments: In 2025, the foundation established a Donor Advised Fund with the National Philanthropic Trust and the Board approved revised bylaws. In 2026, mandatory Impact Reports were implemented for all renewal applicants. No leadership turnover in the Bolick family governance structure (Jerome W. Bolick as President/Treasurer, Judith Bolick Munday as Secretary, directors Stephen G. Dobbins, David W. Hood, and Matthew C. Harrison) has been reported.
1. Open with explicit evangelical gospel alignment. The foundation's mission is unambiguous — 'spreading the Christian gospel.' The LOI and proposal must use this language directly. Review their grantee purpose descriptions for vocabulary: 'evangelism training,' 'discipleship,' 'gospel proclamation,' 'Christian witness,' 'multiplying disciples,' 'indigenous missionaries.' Organizations that frame work as broadly charitable without explicit Christian faith integration are unlikely to advance regardless of program quality.
2. Use Temelio exclusively — and set it up before you write anything. The portal is the only intake channel. Visit bolickfoundation.org/how-to-apply/ first, read the FAQ and Grant Guidelines documents, then create your Temelio account. Add all colleagues who will collaborate on the application before you begin — the foundation specifically recommends this.
3. Time your LOI strategically. LOIs can be submitted at any time, but allow 4–6 weeks for review before the proposal deadlines. For the April 30 deadline (June decisions), submit your LOI by approximately early March. For the October 31 deadline (December decisions), submit by approximately mid-September. First-time applicants should favor the October cycle to align with most annual planning calendars.
4. Quantify evangelism and discipleship outcomes in specific numbers. Grantee descriptions like '65 new missionaries,' '15,000 Bibles distributed,' 'campus ministry in Africa,' and 'global digital evangelism' all name precise, countable results. Build your proposal metrics around these types of outputs — not vague impact language.
5. Do not request excluded categories. The foundation explicitly excludes: endowment programs, capital projects, individual scholarships, church construction, staff salaries, travel, and multi-year commitments (for first-time applicants). Proposals that touch any of these areas will not advance.
6. For returning grantees: submit the Impact Report immediately. The 2026 requirement is a gate — no renewal invitation until the report is reviewed. Submit promptly to avoid delaying your place in the April or October cycle.
7. Build a personal introduction before applying. The foundation is a small family operation with direct staff access. A brief introductory email to jcline@bolickfoundation.org or a call to (828) 464-0311 ext. 276 before submitting your LOI is appropriate, welcomed, and may accelerate the review process.
8. Attach your most recent audited financial statement with the LOI. This is a stated requirement, not optional. Clean financials with a healthy reserve and low administrative overhead align with the foundation's stewardship values.
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Smallest Grant
$250
Median Grant
$10K
Average Grant
$18K
Largest Grant
$350K
Based on 130 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Bolick Foundation's grantmaking has undergone extraordinary expansion. Annual grants paid grew from $429,750 (FY2013) to $573,200 (FY2015), held steady at roughly $2.3M through FY2019-2020, then surged to $3.16M (FY2021), $11.73M (FY2022), and $18.15M (FY2023) — a 695% increase in three years. This acceleration follows an extraordinary FY2021 in which the foundation received $289.5M in contributions, almost certainly a major family wealth transfer or estate distribution. Grant size varies dr.
Bolick Foundation has distributed a total of $25.7M across 608 grants. The median grant size is $15K, with an average of $42K. Individual grants have ranged from $250 to $3.6M.
The Bolick Foundation is a privately-held evangelical family foundation with a singular, faith-driven mandate: spreading the Christian gospel and aiding those in need. Founded in 1967 by the Bolick family — whose wealth derives from Southern Furniture Company, a 96-year-old enterprise sold to Samson Holding in 2019 — the foundation operates from Conover, NC with approximately $55.1M in assets and a dramatically expanding grant budget ($2.3M in FY2020 → $18.6M in FY2023). The foundation's giving .
Bolick Foundation is headquartered in CONOVER, NC. While based in NC, the foundation distributes grants to organizations across 31 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joyce B Cline | EXECUTIVE DIRECTOR | $150K | $0 | $150K |
| Stephen G Dobbins | DIRECTOR | $0 | $0 | N/A |
| Judith Bolick Munday | SECRETARY | $0 | $0 | N/A |
| Jerome W Bolick | PRESIDENT/TREASURER | $0 | $0 | N/A |
| David W Hood | DIRECTOR | $0 | $0 | N/A |
| Matthew C Harrison | DIRECTOR | $0 | $0 | N/A |
Total Giving
$18.6M
Total Assets
$51.9M
Fair Market Value
$452.2M
Net Worth
$51.9M
Grants Paid
$18.2M
Contributions
N/A
Net Investment Income
$7.4M
Distribution Amount
$21.3M
Total Grants
608
Total Giving
$25.7M
Average Grant
$42K
Median Grant
$15K
Unique Recipients
237
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Lutheran Church Missouri SynodGENERAL OPERATING FUND | St Louis, MO | $3.6M | 2023 |
| Lutheran Theological Southern SeminarySTUDENT ASSISTANCE FUND | Hickory, NC | $400K | 2023 |
| Gateway International MissionsGENERAL OPERATING FUND | Taylorsville, NC | $400K | 2023 |
| Lutheran Hour MinistriesGENERAL OPERATING FUND | St Louis, MO | $250K | 2023 |
| Our Daily BreadRECLAIM TODAY | Grand Rapids, MI | $175K | 2023 |
| Nc Synod Of The ElcaLIFELINE FUND | Salisbury, NC | $150K | 2023 |
| Concordia Seminary St LouisGENERAL OPERATING FUND | St Louis, MO | $150K | 2023 |
| Int Fellowship Of Evangelical StudentsFRANCOPHONE AFRICA MISSIONS | Madison, WI | $140K | 2023 |
| Harvesters Ministries IncGENERAL OPERATING FUND | Fort Mill, SC | $130K | 2023 |
| Servant Partners IncEQUIPPING ETHIOPIAN EVANGELISM | Pomona, CA | $125K | 2023 |
| African Inland Mission InternationalGENERAL OPERATING FUND | Peachtree City, GA | $125K | 2023 |
| Evangelism Explosion InternationalEMPOWERING GENERATIONS | Arden, NC | $125K | 2023 |
| Concordia Theological Seminary Ft WayneGENERAL OPERATING FUND | Fort Wayne, IN | $125K | 2023 |
| WorldlinkNEXT HORIZON - INDIGENOUS MISSIONARIES | Valley Forge, PA | $115K | 2023 |
| Moody Bible InstituteSTUDY METHODS FOR AUDITORY STUDENTS | Chicago, IL | $100K | 2023 |
| Lutheran World ReliefGENERAL OPERATING FUND | Baltimore, MD | $100K | 2023 |
| Pioneers IncSEND ME CAMPAIGN | Orlando, FL | $100K | 2023 |
| Evangelical Lutheran Church In AmericaMISC PROGRAMS LEADERSHIP | Merrifield, VA | $100K | 2023 |
| Operation Mobilization UsaEVANGELISM | Tyrone, GA | $100K | 2023 |
| Team Usathe Evangelism Alliance MissionGLOBAL MISSION | Carol Stream, IL | $100K | 2023 |
| The NavigatorsGENERAL OPERATING FUND | Colorado Springs, CO | $100K | 2023 |
| Catholic World Missions65 NEW MISSIONARIES | Roswell, GA | $95K | 2023 |
| Leading The Way With Dr Michael YoussefEVANGELISM TRAINING | Atlanta, GA | $90K | 2023 |
| JaarsAVIATION TRAINING | Waxhaw, NC | $90K | 2023 |
| Disciple Nations AllianceDISCIPLESHIP | Phoenix, AZ | $90K | 2023 |