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Culp Family Foundation is a private corporation based in MCLEAN, VA. The foundation received its IRS ruling in 2013. The principal officer is Bdo Usa. It holds total assets of $35.1M. Annual income is reported at $70M. Total assets have grown from $1.6M in 2012 to $13.5M 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 2016 to 2023. The foundation primarily funds organizations in Maryland, Virginia and Massachusetts. According to available records, Culp Family Foundation has made 33 grants totaling $5.6M, with a median grant of $100K. Annual giving has grown from $1.1M in 2020 to $1.6M in 2023. Grantmaking activity was highest in 2022 with $2.1M distributed across 16 grants. Individual grants have ranged from $5K to $500K, with an average award of $169K. The foundation has supported 14 unique organizations. Grants have been distributed to organizations in Maryland and Massachusetts and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$100K
Median Grant
$450K
Average Grant
$350K
Largest Grant
$500K
Based on 3 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.
Culp Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in MD, MA, VA.
Culp Family Foundation has distributed a total of $5.6M across 33 grants. The median grant size is $100K, with an average of $169K. Individual grants have ranged from $5K to $500K.
Culp Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Culp Family Foundation is headquartered in MCLEAN, VA. While based in VA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wendy H Culp | SECRETARY | $0 | $0 | N/A |
| H Lawrence Culp Jr | PRESIDENT | $0 | $0 | N/A |
Total Giving
$1.8M
Total Assets
$13.5M
Fair Market Value
$20.5M
Net Worth
$13.5M
Grants Paid
$1.6M
Contributions
N/A
Net Investment Income
$357K
Distribution Amount
$974K
Total: $8.9M
Total Grants
33
Total Giving
$5.6M
Average Grant
$169K
Median Grant
$100K
Unique Recipients
14
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harvard Business School2023 GRANT FOR GENERAL OPERATING | Boston, MA | $400K | 2023 |
| Washington College Pat Allender Chair2023 GRANT FOR GENERAL OPERATING | Chestertown, MD | $375K | 2023 |
| Washington College Ge Scholars2023 GRANT FOR GENERAL OPERATING | Chestertown, MD | $342K | 2023 |
| The Animal Shelter For Kent County2023 GRANT FOR GENERAL OPERATING | Chestertown, MD | $140K | 2023 |
| The Potomac School2023 GRANT FOR GENERAL OPERATING | Mclean, VA | $107K | 2023 |
| Kit-Cares Inc2023 GRANT FOR GENERAL OPERATING | Chestertown, MD | $100K | 2023 |
| Chesapeake Bay Foundation2023 GRANT FOR GENERAL OPERATING | Annapolis, MD | $100K | 2023 |
| Washington College 4 Fte'S2023 GRANT FOR GENERAL OPERATING | Chestertown, MD | $66K | 2023 |
| Kent Attainable Housing Inc2023 GRANT FOR GENERAL OPERATING | Chestertown, MD | $10K | 2023 |
| Harvard College2022 GRANT FOR GENERAL OPERATING | Cambridge, MA | $400K | 2022 |
| Bernard Krakow Memorial Foundation2022 GRANT FOR GENERAL OPERATING | Silver Spring, MD | $50K | 2022 |
| Care2022 GRANT FOR GENERAL OPERATING | Merrifield, VA | $5K | 2022 |
| Kit Cares Inc2021 GRANT FOR GENERAL OPERATING | Chestertown, MD | $100K | 2021 |
| Minary'S Dream Alliance2021 GRANT FOR GENERAL OPERATING | Denton, MD | $50K | 2021 |