NonprofitsThe Community Foundation Inc

Community Foundations

The Community Foundation Inc

RICHMOND, VA

Total revenue

$101.7M

Total expenses

$85.1M

Net assets

$784.6M

Grants received

$46.5M

214 grants

EIN

237009135

Tax year

2024

Mission

We bring people together to transform our community through informed and inspired philanthropy.

Programs

3 programs

Educational success: together, we want to ensure that children begin school ready to learn and are supported academically and socially throughout their educational experience. Youth become skilled, self-sufficient and contributing members of the community. Strategic focus areas include:- kindergarten readiness: ensuring access to quality preschool and childcare; offering child development-related home visitation; engaging parents and caregivers.- k-12 academic success: supporting students by increasing the quality or capacity of in-school resources; teaching positive behavior and self-management skills; engaging parents and caregivers.- college and/or career readiness: developing youth to enter the workforce; increasing access and exposure to post-secondary opportunities.

Expenses: $11.4MGrants: $9.7M

Economic prosperity, capacity building, and other: together, we want to ensure that residents access and maintain safe and affordable housing in thriving, sustainable communities. Residents gain the financial knowledge, skills, and resources to support themselves and are able to access to career and economic opportunities. Strategic focus areas include:- neighborhood development: building household income, financial stability, and wealth; revitalizing neighborhoods; engaging residents to self-advocate.- adult workforce development: training and education that leads to workforce preparation, certifications, credentials, and degrees; reducing employment barriers; increasing access to transportation and wraparound services to maintain employment.- homelessness reduction: avoiding homelessness through shelter diversion; providing emergency shelter; facilitating rapid re-housing and exits to permanent housing.- safe & affordable housing: creating housing units or preserving affordability of existing units; offering wraparound services to maintain housing; assisting older adults to age in place.

Expenses: $10.3MGrants: $8.7M

Community vibrancy: together, we want to ensure that residents are enriched and educated through a diverse offering of arts and cultural activities in their communities and schools. The region's historic, cultural, and natural assets are supported to enrich current and future areas. Strategic focus areas include:- arts & culture: providing access to programs for low to modest-wealth residents and school-aged youth; offering education and events that appeal to diverse and multi-generational audiences.- national resources: providing access to natural resources and sustaining our environment through education, preservation, and restoration.- community inclusion: fostering community inclusion and connectivity; facilitating volunteer and civic engagement opportunities.all other: this includes grants given to the region through donor advised funds and field of interest funds outside of the scope of our 4 focus areas. The majority of grants are to animal welfare, religious, and environmental purposes.

Expenses: $37.5MGrants: $31.8M

Financials

FY 2024

Revenue

Contributions & grants$62.3M
Program service revenue$781K
Investment income$38.4M
Other revenue$232K
Total revenue$101.7M

Expenses

Grants paid$64.5M
Salaries & benefits$7.0M
Fundraising$1.8M
Other expenses$13.7M
Total expenses$85.1M
Total assets$852.4M
Net assets$784.6M

People

31 listed

NameRoleCompensation

SHERRIE ARMSTRONG

PRESIDENT & CEO

Board

$444K

40 hrs/wk

MICHELLE A NELSON

CHIEF FINANCIAL OFFICER

Board

$252K

40 hrs/wk

J CONRAD GARCIA

BOARD MEMBER

Board

1 hrs/wk

SHERYL L GARLAND

BOARD MEMBER

Board

1 hrs/wk

KRISSY M GATHRIGHT

BOARD MEMBER

Board

1 hrs/wk

KRISTEN FRANCES HAGER

BOARD MEMBER THROUGH 12/31/2024

Board

1 hrs/wk

TRICIA L HARPER

BOARD MEMBER

Board

1 hrs/wk

TERRELL L HARRIGAN

BOARD MEMBER

Board

1 hrs/wk

MARK J HOURIGAN

BOARD MEMBER

Board

1 hrs/wk

PATRICIA MERRILL

BOARD MEMBER

Board

1 hrs/wk

KEITH MIDDLETON

BOARD MEMBER

Board

1 hrs/wk

PAULA P PANDO EDD

BOARD MEMBER

Board

1 hrs/wk

JAYME SWAIN

BOARD MEMBER

Board

1 hrs/wk

JAMELLE WILSON

BOARD MEMBER

Board

1 hrs/wk

JENNIFER HUNTER

CHAIR

Board

1 hrs/wk

VICTOR K BRANCH

VICE CHAIR

Board

1 hrs/wk

JOHN E KEMPER

TREASURER

Board

1 hrs/wk

CARTER M REID

SECRETARY

Board

1 hrs/wk

CHARLES E AGEE III

BOARD MEMBER

Board

1 hrs/wk

NEIL AMIN

BOARD MEMBER

Board

1 hrs/wk

THOMAS I BARKIN

BOARD MEMBER

Board

1 hrs/wk

MOSES FOSTER

BOARD MEMBER

Board

1 hrs/wk

MANJU S GANERIWALA

BOARD MEMBER

Board

1 hrs/wk

CASSANDRA EMERY

CHIEF OPERATING OFFICER

Staff

$289K

40 hrs/wk

KATHERINE BUSSER

VP, INFORMATION SYSTEMS

Staff

$204K

40 hrs/wk

KIMBERLY RUSSELL

SENIOR VP, MARKETING

Staff

$188K

40 hrs/wk

VANESSA DIAMOND

SENIOR VP, CIVIC ENGAGEMENT

Staff

$187K

40 hrs/wk

MAURA D BITTNER

CHIEF PHILANTHROPY OFFICER

Staff

$186K

40 hrs/wk

AUDREY TRUSSELL

VP, COMMUNITY IMPACT

Staff

$143K

40 hrs/wk

LAUREN SHEPHARD

VP, FINANCE AND CONTROLLER

Staff

$140K

40 hrs/wk

EMMETT S BLACKWELL

SENIOR CONSULTANT / FORMER KEY EMPL

Staff

$127K

40 hrs/wk

Independent contractors

SPIDER MANAGEMENT COMPANY LLC

INVESTMENT MANAGEMENT

$2.7M

WEST CARY GROUP LLC

WEBSITE CONSULTANT

$238K

VERONICA FELMING CONSULTING

REGIONAL PRIORITIES CONSULTANT

$157K

MOSS ADAMS LLP

AUDITING & TAX SERVICES

$143K

Grants received

Showing 200 of 214

FromAmountPurposeYear
$2.9M
GRANTMAKING AND UNRESTRICTED SUPPORT
2024
$449K
UNRESTRICTED SUPPORT
2024
$354K
CHARITABLE SUPPORTSTOCK DISTRIBUTION:APPLE COMPUTER INC (206 SH) PROGRESSIVE CORP OHIO (575 SH)WAL-MART STORES INC (1,321 SH)WILLIAMS COMPANIES (808 SH)
2024
$261K
UNRESTRICTED SUPPORT
2024
$171K
UNRESTRICTED SUPPORT
2024
$165K
CHARITABLE PURPOSES
2024
$67K
UNRESTRICTED SUPPORT
2024
$60K
DIRECTED TO THE GUMENICK GREATER RIC
2024
$57K
UNRESTRICTED SUPPORT
2024
$50K
PROGRAMMATIC-ECONOMIC MOBILITY ACTION NETWORK
2024
$24K
UNRESTRICTED GENERAL
2024
$10K
GENERAL OPERATING
2024
$5K
To aid needy families
2024
$1K
The Franklin P. Perdue Fund
2024
$1K
Employee Matching
2024
$11.1M
CHILDHOOD/EDUCATIONAL DEVELOPMENT
2023
$2.9M
GRANTMAKING AND UNRESTRICTED SUPPORT
2023
$410K
THESE FUNDS WERE FURTHER DISPERSED TO 19 COMMUNITY SUPPORT GROUPS IN THE GREATER RICHMOND AREA.
2023
$383K
UNRESTRICTED SUPPORT
2023
$255K
UNRESTRICTED SUPPORT
2023
$250K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$250K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$225K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$207K
PHILAN/VOL/GRANT
2023
$200K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$175K
ALEXA KALATA MEMORIAL FD AND COMMUNITY GRANTS
2023
$149K
UNRESTRICTED SUPPORT
2023
$148K
CHARITABLE PURPOSES
2023
$100K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$90K
PUBLIC, SOCIETAL BENEFIT
2023
$86K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$75K
GENERAL OPERATING FUNDS TO SUPPORT SYSTEM SUPPORT FOR EXPANSION AND HIGH QUALITY EARLY CHILDHOOD EDUCATION
2023
$70K
DIRECTED TO THE GUMENICK GREATER RIC
2023
$67K
UNRESTRICTED SUPPORT
2023
$57K
UNRESTRICTED SUPPORT
2023
$48K
For grant recipient's exempt purposes
2023
$39K
SUPPORT
2023
$39K
T31 COMMUNITY FOUNDATIONS
2023
$31K
UNRESTRICTED GENERAL
2023
$28K
General & Unrestricted
2023
$27K
GENERAL OPERATING
2023
$25K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$20K
TO PROMOTE THE ARTS IN THE COMMUNITY
2023
$16K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$16K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$14K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$11K
GENERAL OPERATING
2023
$11K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$10K
GENERAL SUPPORT
2023
$8K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$7K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$6K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$5K
To aid needy families
2023
$5K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$3K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$3K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2023
$1K
ASSIST NONPROFIT IN COMMUNITY
2023
$4.7M
CHILDHOOD/EDUCATIONAL DEVELOPMENT
2022
$2.9M
GRANTMAKING AND UNRESTRICTED SUPPORT
2022
$1.5M
GRANTMAKING AND UNRESTRICTED SUPPORT
2022
$767K
SCHOLARSHIP
2022
$369K
THESE FUNDS WERE FURTHER DISPERSED TO 19 COMMUNITY SUPPORT GROUPS IN THE GREATER RICHMOND AREA.
2022
$324K
UNRESTRICTED SUPPORT
2022
$269K
UNRESTRICTED SUPPORT
2022
$238K
Miller Fund
2022
$213K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$165K
ALEXA KALATA MEMORIAL FD AND COMMUNITY GRANTS
2022
$161K
Miller Fund (SEE GENERAL EXPLANATION)
2022
$155K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$142K
CHARITABLE PURPOSES
2022
$98K
For grant recipient's exempt purposes
2022
$85K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$70K
DIRECTED TO THE GUMENICK GREATER RIC
2022
$70K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$55K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$55K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$53K
HUMAN SERVICES
2022
$50K
UNRESTRICTED SUPPORT
2022
$45K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$45K
UNRESTRICTED SUPPORT
2022
$41K
PUBLIC, SOCIETAL BENEFIT
2022
$40K
UNRESTRICTED GENERAL
2022
$31K
GENERAL OPERATING
2022
$30K
The Frank Perdue Fund
2022
$15K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$10K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$10K
GENERAL OPERATING
2022
$8K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$5K
CHARITABLE DONATION
2022
$5K
To aid needy families
2022
$5K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$4K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2022
$3K
Contribution provided
2022
$2K
ASSIST NONPROFIT IN COMMUNITY
2022
$600
CHARITABLE
2022
$400
FCSP CHARITABLE FUND
2022
$200
Fund for River Counties
2022
$100
EMPLOYEE MATCHING
2022
$2.8M
EDUCATION
2021
$308K
THESE FUNDS WERE FURTHER DISPERSED TO 19 COMMUNITY SUPPORT GROUPS IN THE GREATER RICHMOND AREA.
2021
$137K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2021
$87K
FOR THE INTERBEING FUND
2021
$75K
DIRECTED TO THE GUMENICK GREATER RIC
2021
$46K
For recipient's exempt purpose
2021
$41K
PUBLIC, SOCIETAL BENEFIT
2021
$37K
UNRESTRICTED GENERAL
2021
$26K
For grant recipient's exempt purposes
2021
$26K
For grant recipient's exempt purposes
2021
$15K
GENERAL OPERATING
2021
$14K
HUMAN SERVICES
2021
$13K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2021
$8K
GENERAL OPERATING
2021
$6K
To aid needy families
2021
$5K
CHARITABLE DONATION
2021
$3K
Sponsorship
2021
$1K
FCSP CHARITABLE FUND
2021
$1K
The Franklin P. Perdue Fund
2021
$1K
GENERAL PURPOSE
2021
$250
GENERAL PURPOSE
2021
$1.7M
GRANTMAKING AND UNRESTRICTED SUPPORT
2020
$310K
CENTRAL VIRGINIA COVID-19 RESPONSE FUND AND UNRESTRICTED SUPPORT
2020
$291K
FOR UNRESTRICTED SUPPORT
2020
$250K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2020
$205K
GENERAL SUPPORT
2020
$180K
COMMUNITY GRANTS
2020
$166K
FOR UNRESTRICTED SUPPORT ($161,363), HOUSING ASSISTANCE EMERGENCY FUND ($5,000)
2020
$150K
CENTRAL VIRGINIA COVID-19 RESPONSE FUND
2020
$138K
General Support
2020
$137K
UNRESTRICTED SUPPORT
2020
$75K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2020
$62K
For grant recipient's exempt purposes
2020
$60K
PUBLIC, SOCIETAL BENEFIT
2020
$55K
ENDOWMENT FUNDS
2020
$51K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$50K
DIRECTED TO THE GUMENICK GREATER RIC
2020
$50K
UNRESTRICTED SUPPORT
2020
$44K
UNRESTRICTED SUPPORT
2020
$30K
GENERAL SUPPORT
2020
$23K
UNRESTRICTED GENERAL
2020
$20K
TO AID THE MISSION OF SUPPORTING THE COMMUNITY
2020
$15K
The Franklin P. Perdue Fund
2020
$13K
GENERAL OPERATING
2020
$11K
GENERAL PURPOSE
2020
$11K
GENERAL PURPOSE
2020
$8K
TO PROMOTE THE ARTS IN THE COMMUNITY
2020
$8K
GENERAL OPERATING
2020
$6K
ANNUAL SUPPORT
2020
$5K
To aid needy families
2020
$5K
PUBLIC, SOCIETAL BENEFIT
2020
$5K
GENERAL OPERATING
2020
$5K
PUBLIC CHARITY
2020
$2K
OSTERING A COMMUNITY OF GRANTMAKERS, PROMOTING STRATEGIC LOCAL LEADERSHIP, AND INVESTING IN PARTNERSHIPS FOR THE BENEFIT OF THE COMMUNITY OF LOUDOUN AND NORTHERN FAUQUIER
2020
$200
ASSOCIATE MATCHING DOLLARS
2020
$203K
GENERAL SUPPORT
2019
$123K
For grant recipient's exempt purposes
2019
$50K
PROGRAM SUPPORT: GENERAL OPERATING SUPPORT
2019
$40K
DIRECTED TO THE GUMENICK GREATER RIC
2019
$9K
PUBLIC, SOCIETAL BENEFIT
2019
$8K
PUBLIC, SOCIETAL BENEFIT
2019
$5K
PROGRAM SUPPORT: CIVIC IMPACT SUMMIT
2019
$5K
GENERAL OPERATING
2019
$1K
MANAGE COMMUNITY CHARITIES
2019
$500
SUPPORT, UNSPECIFIED
2019
$1.2M
GRANTMAKING AND UNRESTRICTED SUPPORT
2018
$214K
UNRESTRICTED SUPPORT
2018
$200K
GENERAL SUPPORT
2018
$150K
GENERAL PURPOSE
2018

Funded by

$46.5M from 66 funders · 214 grants · 2017–2024

Virginia Early Childhood Foundation

$15.8M · 2 grants · 2022–2023

Reb Foundation

$11.6M · 5 grants · 2018–2024

Treet Foundation

$2.8M · 1 grant · 2021

Luck Companies Foundation

$2.4M · 32 grants · 2020–2023

Ann K Kirby Foundation

$2.1M · 5 grants · 2018–2024

Sheltering Arms Corporation

$1.7M · 6 grants · 2018–2023

The Pauley Family Foundation

$1.5M · 5 grants · 2020–2024

Annabella R Jenkins Foundation

$1.3M · 5 grants · 2018–2024

Details

EIN237009135
NTEE codeT310
Subsection03
Ruling date1970-03
Formed1968
Employees78
Volunteers13535
THE COMMUNITY FOUNDATION INC — Mission, Financials & Grants Received | Grantivo