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Alacin Foundation is a private corporation based in KESWICK, VA. The foundation received its IRS ruling in 1999. The principal officer is Albert G Schornberg. It holds total assets of $323K. Annual income is reported at $54K. Total assets have decreased from $604K in 2011 to $358K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Funding is distributed across 4 states, including Virginia, New York, Florida. According to available records, Alacin Foundation has made 35 grants totaling $144K, with a median grant of $5K. Annual giving has grown from $41K in 2020 to $56K in 2022. Individual grants have ranged from $370 to $10K, with an average award of $4K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in Virginia, Tennessee, Florida, which account for 83% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 9 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Alacin Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in VA, TN, FL.
Alacin Foundation has distributed a total of $144K across 35 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $370 to $10K.
Alacin Foundation typically selects its grantees rather than accepting unsolicited proposals.
Alacin Foundation is headquartered in KESWICK, VA. While based in VA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cindy Schornberg | SECRETARY/DIRECTOR | $0 | $0 | N/A |
| Albert Schornberg | PRES/TREAS/DIRECTOR | $0 | $0 | N/A |
Total Giving
$57K
Total Assets
$358K
Fair Market Value
$1.1M
Net Worth
$358K
Grants Paid
$48K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$50K
Total: $333K
Total Grants
35
Total Giving
$144K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
18
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shriner'S HospitalOPERATIONAL SUPPORT | Tampa, FL | $5K | 2022 |
| Salvation ArmyOPERATIONAL SUPPORT | Charlottesville, VA | $3K | 2022 |
| Virginia Institute Of AutismOPERATIONAL SUPPORT | Charlottesville, VA | $8K | 2022 |
| Charlottesville Catholic SchoolOPERATIONAL SUPPORT | Charlottesville, VA | $6K | 2022 |
| St Jude Children'S HospitalOPERATIONAL SUPPORT | Memphis, TN | $5K | 2022 |
| American Heart AssociationOPERATIONAL SUPPORT | Glen Allen, VA | $5K | 2022 |
| The Arc Of PiedmontOPERATIONAL SUPPORT | Charlottesville, VA | $5K | 2022 |
| Children Of Fallen Patriots FoundationOPERATIONAL SUPPORT | Dulles, VA | $4K | 2022 |
| The Covenant SchoolOPERATIONAL SUPPORTOPERATIONAL SUPPORT | Charlottesville, VA | $3K | 2022 |
| Uva Children'S FundOPERATIONAL SUPPORT | Charlottesville, VA | $3K | 2022 |
| Hope House DetroitOPERATIONAL SUPPORT | Brighton, MI | $3K | 2022 |
| Virginia OrganizingOPERATIONAL SUPPORT | Charlottesville, VA | $2K | 2022 |
| Oakland SchoolOPERATIONAL SUPPORT | Troy, VA | $2K | 2022 |
| Autism SpeaksOPERATIONAL SUPPORT | Princeton, NJ | $1K | 2022 |
| The English-Speaking UnionOPERATIONAL SUPPORT | New York, NY | $370 | 2022 |
| Jacqueline Kirby Nkh Funding ProjectOPERATIONAL SUPPORT | Elkton, VA | $7K | 2020 |
| Uva Children'S HospitalOPERATIONAL SUPPORT | Charlottesville, VA | $5K | 2020 |
| JdrfOPERATIONAL SUPPORTOPERATIONAL SUPPORT | New York, NY | $3K | 2020 |