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Matthew 25 40 Foundation is a private corporation based in ROANOKE, VA. The foundation received its IRS ruling in 2019. The principal officer is Donald W Banker. It holds total assets of $371. Annual income is reported at $12K. Total assets have decreased from $27K in 2019 to $449 in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of religion. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Virginia and North Carolina. According to available records, Matthew 25 40 Foundation has made 21 grants totaling $2.5M, with a median grant of $10K. Annual giving has grown from $157K in 2020 to $2M in 2023. Individual grants have ranged from $500 to $1.7M, with an average award of $117K. The foundation has supported 15 unique organizations. Grants have been distributed to organizations in Virginia and North Carolina and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$24K
Average Grant
$39K
Largest Grant
$100K
Based on 4 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.
Matthew 25 40 Foundation primarily funds organizations in the area of religion. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in VA, NC, FL.
Matthew 25 40 Foundation has distributed a total of $2.5M across 21 grants. The median grant size is $10K, with an average of $117K. Individual grants have ranged from $500 to $1.7M.
Matthew 25 40 Foundation typically selects its grantees rather than accepting unsolicited proposals.
Matthew 25 40 Foundation is headquartered in ROANOKE, VA. While based in VA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gregory R Nichols | SECRETARY/TREASURER | $0 | $0 | N/A |
| Donald W Banker | PRESIDENT | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$449
Fair Market Value
$449
Net Worth
$449
Grants Paid
$2M
Contributions
$1.9M
Net Investment Income
N/A
Distribution Amount
$3K
Total Grants
21
Total Giving
$2.5M
Average Grant
$117K
Median Grant
$10K
Unique Recipients
15
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Word Of LifeOPERATING CONTRIBUTION | Roanoke, VA | $15K | 2023 |
| Thomas Road Baptist ChurchOPERATING CONTRIBUTION | Lynchburg, VA | $1.7M | 2023 |
| Southside Christian SchoolOPERATING CONTRIBUTION | Clayton, NC | $250K | 2023 |
| Roads To RecoveryOPERATING CONTRIBUTION | Lynchburg, VA | $10K | 2023 |
| YwcaOPERATING CONTRIBUTION | Lynchburg, VA | $2K | 2023 |
| One Community One VoiceOPERATING CONTRIBUTION | Lynchburg, VA | $500 | 2023 |
| All Nations Community ChurchOPERATING CONTRIBUTION | Lynchburg, VA | $25K | 2022 |
| Blue Ridge Pregnancy CenterOPERATING CONTRIBUTION | Lynchburg, VA | $10K | 2022 |
| Halifax Hospital FoundationOPERATING CONTRIBUTION | Daytona Beach, FL | $5K | 2022 |
| Virginia First AuditOPERATING CONTRIBUTION | Suffolk, VA | $3K | 2022 |
| Cudas UnhookedOPERATING CONTRIBUTION | New Smyrna Beach, FL | $1K | 2022 |
| Boys & Girls Club Of Greater LynchburgOPERATING CONTRIBUTION | Lynchburg, VA | $30K | 2021 |
| Iron LivesOPERATING CONTRIBUTION | Lynchburg, VA | $25K | 2020 |
| Heritage Baptist ChurchOPERATING CONTRIBUTION | Lynchburg, VA | $22K | 2020 |
| Michael Knights Children Education FundOPERATING CONTRIBUTION | Winstonsalem, NC | $10K | 2020 |