The Honey Foundation is a private independent foundation located in Richmond, Virginia. Established in 2011, it operates as a 501(c)(3) tax-exempt organization with a broad geographic reach across multiple states. The foundation manages significant assets and distributes grants to support various community initiatives and nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
+10.5% YoY
Annual Giving
$795K
+4.7% YoY
Grant Count
51
+10.9% YoY
Avg Grant Size
$16K
-5.5% YoY
Grantmaking
The Honey Foundation has demonstrated active grantmaking activity in recent years. In 2023, the foundation made 34 grants totaling approximately $759,000. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
The Honey Foundation funds projects across multiple states including Virginia, North Carolina, South Carolina, Florida, Georgia, Missouri, Colorado, and West Virginia. Primary funding activity has been concentrated in Virginia cities including Richmond and Henrico, with additional grants distributed to locations such as Orlando, Florida and St. Louis, Missouri.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $11,039,165
- Total Revenue: $1,652,710
- Total Expenses: $834,699
- Total Liabilities: $0
Revenue Breakdown (2023):
- Grants and contributions: $549,245
- Investment income and dividends: $370,734
- Net gain from sale of non-inventory assets: $732,731
The foundation maintains a healthy financial position with an expense ratio of 50.5%, indicating that approximately half of annual expenses are directed toward grants and charitable activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,196,842 | $11,039,165 | $10,723,852 |
| Revenue | $2,027,184 | $1,652,710 | $349,678 |
| Expenses | $869,507 | $834,699 | $1,051,740 |
| Qualifying Distributions | $794,547 | $758,713 | $953,838 |
| Net Investment Income | $1,958,011 | $1,027,764 | $326,172 |
| Distributable Amount | $524,645 | $584,046 | $663,199 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
215 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Address: 2001 Maywill Street, Suite 100 Richmond, VA 23230
Tax ID: 27-2314439
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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