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Fagus Foundation is a private corporation based in MIDDLEBURG, VA. The foundation received its IRS ruling in 2008. The principal officer is Charles T Akre Jr. It holds total assets of $24.6M. Annual income is reported at $2.2M. Total assets have grown from $575K in 2011 to $24.6M in 2024. The foundation is governed by 5 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 2015 to 2024. The foundation primarily funds organizations in Virginia and Maine. According to available records, Fagus Foundation has made 59 grants totaling $7.8M, with a median grant of $57K. Annual giving has grown from $2.1M in 2020 to $3.4M in 2023. Individual grants have ranged from $3K to $1.7M, with an average award of $133K. The foundation has supported 34 unique organizations. The foundation primarily supports organizations in Virginia, Maine, Georgia, which account for 93% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$50K
Average Grant
$115K
Largest Grant
$500K
Based on 18 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.
Fagus Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 59 grants. Its grantmaking reaches organizations primarily in VA, ME, GA.
Fagus Foundation has distributed a total of $7.8M across 59 grants. The median grant size is $57K, with an average of $133K. Individual grants have ranged from $3K to $1.7M.
Fagus Foundation typically selects its grantees rather than accepting unsolicited proposals.
Fagus Foundation is headquartered in MIDDLEBURG, VA. While based in VA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Deanna S Akre | VICE PRESIDENT | $0 | $0 | N/A |
| Thomas Sb Akre | VICE PRESIDENT | $0 | $0 | N/A |
| Alexis A Akre | VICE PRESIDENT | $0 | $0 | N/A |
| Andrew C Akre | VICE PRESIDENT | $0 | $0 | N/A |
| Charles T Akre Jr | PRES./SEC./TREAS. | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$24.6M
Fair Market Value
N/A
Net Worth
$24.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
59
Total Giving
$7.8M
Average Grant
$133K
Median Grant
$57K
Unique Recipients
34
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| HomestretchCHARITABLE SUPPORT | Falls Church, VA | $60K | 2022 |
| Rappahannock County Broadband AuthoritySUPPORT OF PUBLIC BROADBAND AUTHORITY | Washington, VA | $1.7M | 2023 |
| Rappahannock County Public SchoolsSUPPORT OF PUBLIC SCHOOLS | Washington, VA | $300K | 2023 |
| Coastal Maine Botanical GardensCHARITABLE SUPPORT | Boothbay, ME | $250K | 2023 |
| Fauquier Free Clinic IncCHARITABLE SUPPORT | Warrenton, VA | $200K | 2023 |
| Smithsonian Conservation Biology InstituteCHARITABLE SUPPORT | Front Royal, VA | $200K | 2023 |
| Knox County Homeless CoalitionCHARITABLE SUPPORT | Rockland, ME | $160K | 2023 |
| Headwaters - The Rappahannock County Public Eduction Foundation IncCHARITABLE SUPPORT | Sperryville, VA | $160K | 2023 |
| Earth University FoundationCHARITABLE SUPPORT | Atlanta, GA | $117K | 2023 |
| Suny College Of Environmental Science And ForestrySUPPORT ACADEMIC PROGRAMS | Syracuse, NY | $50K | 2023 |
| Little Sister'S FundCHARITABLE SUPPORT | Ketchum, ID | $50K | 2023 |
| Rappahannock Benevolent FundCHARITABLE SUPPORT | Washington, VA | $50K | 2023 |
| Area Interfaith OutreachCHARITABLE SUPPORT | Rockland, ME | $50K | 2023 |
| Rappahannock Center For EducationCHARITABLE SUPPORT | Sperryville, VA | $28K | 2023 |
| Path PartnershipsCHARITABLE SUPPORT | Warrenton, VA | $10K | 2023 |
| Fauquier Education FarmCHARITABLE SUPPORT | Warrenton, VA | $7K | 2023 |
| Lifeflight FoundationCHARITABLE SUPPORT | Camden, ME | $750K | 2022 |
| Lord Fairfax Community College FoundationCHARITABLE SUPPORT | Middletown, VA | $200K | 2022 |
| Foothills ForumCHARITABLE SUPPORT | Washington, VA | $50K | 2022 |
| Family Futures RappahannockCHARITABLE SUPPORT | Sperryville, VA | $40K | 2022 |
| Rapp At HomeCHARITABLE SUPPORT | Washington, VA | $35K | 2022 |
| Center For Agricultural ResilienceCHARITABLE SUPPORT | Bluffton, GA | $4K | 2022 |
| Maine Coast Heritage TrustCHARITABLE SUPPORT | Topsham, ME | $200K | 2020 |
| Island InstituteCHARITABLE SUPPORT | Rockland, ME | $200K | 2020 |
| Rappahannock County High SchoolCHARITABLE SUPPORT | Washington, VA | $161K | 2020 |
| Maine Coast Fishermens AssnCHARITABLE SUPPORT | Topsham, ME | $120K | 2020 |
| A Place To BeCHARITABLE SUPPORT | Middleburg, VA | $90K | 2020 |
| Rappahannock CommunitiesCHARITABLE SUPPORT | Flint Hill, VA | $88K | 2020 |