Funder DirectoryTOWNEBANK FOUNDATION
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Private foundation (trust)EIN 542036534Est. 2001-10

TOWNEBANK FOUNDATION

SUFFOLK, VA 23435

Accepts unsolicited proposals

Total Assets

$30.4M

FY 2024

Annual Giving

$8.3M

FY 2024

Grants Made

178

FY 2024

Avg Grant

$47K

FY 2024

Grant Range

$40–$313K

Typical

Deadlines

Scholarships: application and essay mu…

Applications

Focus Areas

Voluntary Health Associations & Medical Disciplines

Financial Snapshot

2024 filing

Total Revenue

$12.0M

Total Expenses

$9.1M

Qualifying Distributions

$8.3M

Distributable Amount

$1.4M

Min. Investment Return

$1.4M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

178 grants

Grant sizes from minimum $40 through median $37K to maximum $313K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

3 years

Giving over time from 2022 to 2024. Peak $8.3M in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

500 grants

CHRISTOPHER NEWPORT UNIVERSITY EDUC
$600K
3 grants
EASTERN VIRGINIA MEDICAL SCHOOL FOU
$600K
3 grants
VIRGINIA WESLEYAN UNIVERSITY
$440K
4 grants
HAMPTON UNIVERSITY
$400K
2 grants
JUNIOR ACHIEVEMENT OF CENTRAL CAROL
$343K
3 grants
ATRIUM HEALTH FOUNDATION
$300K
3 grants
UNITED WAY OF SOUTH HAMPTON ROADS
$300K
3 grants
CENTRAL PIEDMONT COMMUNITY COLLEGE
$300K
3 grants

Grant Size Distribution

500 grants

<$10K
147
grants
$10–50K
208
grants
$50–250K
144
grants
$250K–1M
1
grants
$1–5M
$5M+

Geographic Focus

12 states

Virginia
$16.6M
74% of total
North Carolina
$5.3M
24% of total
Florida
$221K
1% of total
Tennessee
$200K
1% of total
Maryland
$105K
0% of total
Pennsylvania
$8K
0% of total
Mississippi
$5K
0% of total
Kentucky
$5K
0% of total
South Carolina
$5K
0% of total
Alabama
$3K
0% of total

+2 more states

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TOWNEBANK FOUNDATION — Grants, Financials & Contact | Grantivo