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Compton Family Foundation is a private corporation based in NORFOLK, VA. The foundation received its IRS ruling in 2001. The principal officer is Merrill Lynch Bank & Trust Co Fsb. It holds total assets of $2.8M. Annual income is reported at $490K. Total assets have grown from $1.7M in 2011 to $3.2M in 2023. The foundation is governed by 4 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 2016 to 2023. According to available records, Compton Family Foundation has made 10 grants totaling $670K, with a median grant of $50K. Annual giving has grown from $100K in 2021 to $570K in 2022. Individual grants have ranged from $50K to $100K, with an average award of $67K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Compton Family Foundation reported 10 individual grants totaling $670,000 between 2021 and 2022 across its IRS Form 990-PF filings, with a median grant of $50,000. Half of those grants fell between $50,000 and $85,000. Its largest single grant in the record was $100,000. Its most recent available filing, for fiscal year 2023, reports $707,767 in total giving.
Grantmaking is concentrated in VA, which received 10 of the 10 grants on record (100 percent). Of its 4 distinct grantees, 100 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Chkd Lighting The Way-Mental Health ($150,000) and Access College Fund ($150,000).
Computed from 10 individual grant records (2021–2022) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
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.
Compton Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in VA.
Compton Family Foundation has distributed a total of $670K across 10 grants. The median grant size is $50K, with an average of $67K. Individual grants have ranged from $50K to $100K.
Compton Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Compton Family Foundation is headquartered in NORFOLK, VA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark A Compton | VP | $0 | $0 | N/A |
| H Ray Compton | PRESIDENT | $0 | $0 | N/A |
| Jean T Compton | SECRETARY/TREAS | $0 | $0 | N/A |
| Bryan W Compton | VP | $0 | $0 | N/A |
Total Giving
$708K
Total Assets
$3.2M
Fair Market Value
$6.8M
Net Worth
$3.2M
Grants Paid
$637K
Contributions
N/A
Net Investment Income
$1.2M
Distribution Amount
$303K
Total: $650K
Total Grants
10
Total Giving
$670K
Average Grant
$67K
Median Grant
$50K
Unique Recipients
4
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| EvmsSUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | Norfolk, VA | $100K | 2022 |
| Cape Henry CollegiateSUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | Virginia Beach, VA | $85K | 2022 |
| Access College FundSUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | Norfolk, VA | $50K | 2022 |
| Chkd Lighting The Way-Mental HealthSUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | Norfolk, VA | $50K | 2022 |