Bassett Furniture Industries Foundation Inc
Preselected recipients only
Bassett Furniture Industries Foundation Inc is a private foundation in Bassett, Virginia. In tax year 2024 it gave $82,500 in 9 grants; the typical grant was $10,000 and the largest $25,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$82,500
- Number of grants9
- Typical grant$10,000
- Largest grant$25,000
- Assets$1.6 million
- New grantees11%
Giving in 2024 was down from $100,000 the year before.
11% of its 2024 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $122,500 | 9 | $1.4 million |
| 2023 | $100,000 | 9 | $1.6 million |
| 2024 | $82,500 | 9 | $1.6 million |
How to apply
Bassett Furniture Industries Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Bassett Furniture Industries Foundation Inc funds
Where it gives
All of its grants went to recipients in Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 9 | $82,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Henry County & Martinsville | Support | $25,000 |
| Henry County Furniture Museum | Support | $15,000 |
| Piedmont Arts Association | Support | $10,000 |
| Rooster Walk Inc | Support | $10,000 |
| Virginia Foundation for Independent Colleges | Support | $10,000 |
| Virginia Museum of Natural History | Support | $5,000 |
| Henry County Parks and Recreation | Support | $2,500 |
| Smith River Singers | Support | $2,500 |
| Bassett High School Band | Support | $2,500 |
Officers and trustees
- Robert H Spilman Jr
- Edward White
- J Michael Daniel
Questions people ask
Does Bassett Furniture Industries Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Bassett Furniture Industries Foundation Inc give?
$82,500 in tax year 2024, across 9 grants, with a typical grant of $10,000.
Who runs Bassett Furniture Industries Foundation Inc?
Its 2024 filing lists Robert H Spilman Jr (President), Edward White (Officer) and J Michael Daniel (Officer).
What does Bassett Furniture Industries Foundation Inc fund?
Based on its grants, mainly arts and culture, education and environment and conservation.