philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Bailey Foundation

Tax-deductible

Clinton, SC501(c)(3) EIN 57-6018387Revenue $531K in FY2025

On file with the IRStnbfinancial.comPo Box 1215, 29325-1215 · Clinton, SCTax-exempt since Nov 1952Private non-operating foundation

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

501(c)(3) charity; gifts are tax-deductible.
$49K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $59K a year · 17% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
990-PF Pt I · 4 filings
Pay to officers and key staff
$49K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$531K
-5% vs prior year
Spent
$432K
Net assets
$5.0M
By yearFY2021–FY2025
Revenue
$531K
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2021$250K
FY2023$88K
FY2024$556K
FY2025$531K
Expenses
$432K
FY2025▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021$387K
FY2023$370K
FY2024$471K
FY2025$432K
Net assets
$5.0M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.4M
FY2023$4.9M
FY2024$5.0M
FY2025$5.0M

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1952.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 86% · $370K Operating & administrative 14% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990-PF; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$48,907Pt VII · Sec A
Martin S Cornelson
Advisory Com
$0Pt VII · Sec A
Scott M Cornelson
Advisory Com
$0Pt VII · Sec A
Corrine Dixon Dunn
Advisory Com
$0Pt VII · Sec A
$0Pt VII · Sec A
Norman W Dixon
Advisory Com
$0Pt VII · Sec A
$0Pt VII · Sec A
James L Switzer JR
Advisory Com
$0Pt VII · Sec A
See Bailey Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Programs and updates

A private foundation based in Clinton, SC.

Questions for Bailey Foundation

Tap to ask. Bailey Foundation sees how many people are interested.

Your first name shows with your question. Bailey Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 45 grants · $370K · 2024–2024
Laurens County Community Foundation INCSC · FY2024$36,485
City of ClintonFY2024$30,000
United Way of Laurens County INCSC · FY2024$20,000
SC Independent Colleges & UniversitFY2024$20,000
Presbyterian CollegeSC · FY2024$20,000
Open Door Christian CenterFY2024$16,500
Individual RecipientFY2024$15,500
Laurens County Museum AssociationSC · FY2024$15,000
Laurens County Clinton LibraryFY2024$13,515
Good Shepherd Free Medical ClinicFY2024$10,476
Individual RecipientFY2024$10,000
University of South CarolinaFY2024$10,000
Individual RecipientFY2024$10,000
Individual RecipientFY2024$10,000
Clemson UniversityFY2024$10,000
Clemson UniversityFY2024$10,000
Clemson UniversityFY2024$10,000
Clemson UniversityFY2024$10,000
See all 45 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV16
Average grantPart XV$8K
Median grantPart XV$5K
Largest grantPart XV$36K
Top cause focusNTEEColleges & Universities (11%)

By the numbers

The FY2025 990-PF, line by line.

Download 990
from philanthropy.org
1The main four
Money in
$531K
Investment income$530K
Gifts and grants$1K
Money out
$432K
Grants paid$370K
Running costs$62K
Owns and owes
$5.0M
net assets
Cash and savings$481K
Total assets$5.0M
Liabilities$0
People
11
listed
Paid1
2In more detail
Revenue in detail
Gifts and grants$1K
Investment income$530K
Total revenue$531K
Assets in detailEnd of year
Cash and savings together$481K
Total assets$5.0M
Liabilities$0
Net assets$5.0M
Operations
Fiscal year endsAugust

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $531K$432K$99K$5.0M 990 PDF
FY2024 $556K$471K$85K$5.0M 990 PDF
FY2023 $88K$370K−$282K$4.9M 990 PDF
FY2022 Not on file
FY2021 $250K$387K−$137K$4.4M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.