DANVILLE, VA
Danville Regional Foundation
Quick Facts
- EIN
- 203319727
- Location
- DANVILLE, VA
- Category
- Philanthropy & Grantmaking
- Total Assets
- $281.9M
- Annual Income
- $114.1M
- IRS Ruling Year
- 2006
- Organization Type
- Corporation
- Principal Officer
- % Gary Waldman
- Tax Deductibility
- Contributions are deductible
About This Foundation
Danville Regional Foundation is a private corporation based in DANVILLE, VA. The foundation received its IRS ruling in 2006. The principal officer is % Gary Waldman. It holds total assets of $281.9M. Annual income is reported at $114.1M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$16.6M
2023+12%
Total Assets
$266.3M
2023+8%
Fair Market Value
$266.3M
2023
Net Worth
$247.3M
2023
Grants Paid
$10.9M
2023
Contributions
$0
2023
Net Investment Income
$10.2M
2023
Distribution Amount
$12.3M
2023
Total Giving by Year
$16.6M
11$9M
12$4.9M
13$19.1M
14$8.9M
15$16.4M
19$9.4M
20$29.2M
21$14.8M
22$16.6M
23Asset Growth
$179.2M
11$188.8M
12$215M
13$220M
14$214.6M
15$233.2M
19$251.2M
20$280.5M
21$247.5M
22$266.3M
23Investment Portfolio (2023)
Total: $89.3M
Corporate Stock: $55.3M
Corporate Bonds: $23.8M
Government Obligations: $10.2M
Other Investments: $160.5M
Cash: $1.1M
Corporate Stock (22%)
Corporate Bonds (9%)
Government Obligations (4%)
Other Investments (64%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$10.9M
Officer Compensation$510K
Pension & Benefits$313K
Travel & Conferences$72K
Depreciation$66K
Accounting Fees$61K
Interest$42K
Occupancy$28K
Legal Fees$3K
Revenue Sources (2023)
- Capital Gains (Net)
- $8M
- Dividends
- $5M
- Other Income
- $349K
- Interest
- $8K
Financial Details (2023)
- Total Revenue
- $13.3M
- Total Expenses
- $16.6M
- Exempt Purpose Expenses
- $14.5M
- Required Distribution
- $12.3M
- Undistributed Income
- $0
- Grants Approved (Future)
- $16.6M
- Total Liabilities
- $19M
- Excise Tax
- $142K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$17.4M
Average Grant
$347K
Median Grant
$50K
Total Giving by Year
$5.1M (5 grants)
21$12.2M (45 grants)
23Grant Range
Min$7K
Max$2.5M
Median: $50K
Smallest grantLargest grant
Openness to New Grantees (2023)
90%
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
VA: $17M (44)
MD
DE
DC
AZ
NM
KS
AR
TN
NC
NC: $388K (6)
SC
OK
LA
MS
AL
GA
FL
HI
TX
VA$17M (44)
NC$388K (6)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Piedmont Community CollegeCenter for Educational & Agricultural Development (CEAD) | Charlottesville, VA | $2.5M | 2023 |
| Southside Business Technology Center (Sbtc)The Launch Place Phase 2 | Danville, VA | $2.5M | 2023 |
| Institute For Advanced Learning And ResearchReach Partnership | Danville, VA | $1.7M | 2023 |
| Smart BeginningsSchool Readiness Initiative III | Danville, VA | $892K | 2023 |
| Averett UniversityAU Online | Danville, VA | $685K | 2023 |
| Dan River Nonprofit NetworkCapacity Grant | Danville, VA | $568K | 2023 |
| Institute For Advanced Learning And ResearchCMA Facility | Danville, VA | $398K | 2023 |
| Community Foundation Of The Dan River RegionRe-granting '23-'25 & Professional Development | Danville, VA | $300K | 2023 |
| Dan River Business Development CenterKDM Incentive | Danville, VA | $295K | 2023 |
| Caswell CountyCaswell Enterprise Center - On the Square | Yanceyville, NC | $254K | 2023 |
| Community Foundation Of The Dan River RegionRe-granting '20-'22 & Professional Development | Danville, VA | $252K | 2023 |
| River District AssociationRiver District Revitalization Expansion | Danville, VA | $250K | 2023 |
| The Literacy LabLiteracy Lab Tutor Program | Danville, VA | $250K | 2023 |
| Averett UniversityCCEC 2020-2025 | Danville, VA | $249K | 2023 |
| Danville Church & Community Tutorial ProgramK-12 Program | Danville, VA | $148K | 2023 |
| Institute For Advanced Learning And ResearchAmericorps 2022-2025 | Danville, VA | $115K | 2023 |
| Cardinal NewsNew Reporter | Roanoke, VA | $100K | 2023 |
| City Of Danville VaComprehensive Community Engagement | Danville, VA | $100K | 2023 |
| County Outreach MinistryAshby Award | Danville, VA | $60K | 2023 |
| Milton Renaissance FoundationMake More Happen Together | Milton, NC | $50K | 2023 |
| Danville Research Center African American HistoryMake More Happen Together | Danville, VA | $50K | 2023 |
| Pittsylvania County IdaLoan Guarantee Program Panacea | Chatham, VA | $42K | 2023 |
| Pittsylvania Public Library FoundationGretna Library Expansion | Chatham, VA | $38K | 2023 |
| Path PartnershipCardinal News Health Reporter | Danville, VA | $30K | 2023 |
| Collidescope VaNext Step Strategic Plan | Danville, VA | $25K | 2023 |
| Hope Concert SeriesMake More Happen Together | Danville, VA | $25K | 2023 |
| Gabriella Garden CubMake More Happen Together | Danville, VA | $25K | 2023 |
| Caswell FundCapacity Grant | Yanceyville, NC | $25K | 2023 |
| Danville Neighborhood DevelopmentNext Step | Danville, VA | $25K | 2023 |
| Town Of YanceyvilleNext Step | Yanceyville, NC | $25K | 2023 |
| Pittsylvania Public Library FoundationMake More Happen Together | Chatham, VA | $25K | 2023 |
| Pittsylvania CountyNext Steps Parks and Rec Master Plan | Chatham, VA | $25K | 2023 |
| Caswell County Chamber Of CommerceCapacity Grant | Yanceyville, NC | $25K | 2023 |
| Piedmont Environmental Council-Food SystemNext Step Grant | Aldie, VA | $25K | 2023 |
| Smokestack Theatre CompanyNext Step | Danville, VA | $25K | 2023 |
| Danville Historical SocietyNext Step | Danville, VA | $25K | 2023 |
| Camp SelahCapacity Grant | Sutherlin, VA | $24K | 2023 |
| City Of Danville Economic DevelopmentStudy of Women & Minority Owned Business | Danville, VA | $22K | 2023 |
| BookendsNext Step Grant Reading Collab | Danville, VA | $21K | 2023 |
| Danville Public SchoolsNext Step DPSEF Strategic Plan | Danville, VA | $18K | 2023 |
| Beulah Missionary Baptist ChurchMake More Happen | Danville, VA | $12K | 2023 |
| Medical Society Of Virginia FoundationTraining Grant Reach | Richmond, VA | $10K | 2023 |
| Caswell Council For The ArtsMake More Happen | Yanceyville, NC | $9K | 2023 |
| Riverview RotaryMake More Happen Together | Danville, VA | $8K | 2023 |
| City Of Danville VaMake More Happen | Danville, VA | $7K | 2023 |
| City Of Danville VaRiverfront Park | Danville, VA | $2M | 2021 |
| Southside Business Technology Center (Sbtc)The Launch Place Phase 2 | Danville, VA | $1.1M | 2021 |
| Institute For Advanced Learning And ResearchCMA Facility | Danville, VA | $1M | 2021 |
| Institute For Advanced Learning And ResearchREACH Partnership | Danville, VA | $631K | 2021 |
| Smart BeginningsSchool Readiness Initiative III | Danville, VA | $345K | 2021 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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