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MARTINSVILLE, VA

Harvest Foundation Of The Piedmont

Quick Facts

EIN
311496872
Location
MARTINSVILLE, VA
Category
Religion
Total Assets
$282M
Annual Income
$79.8M
IRS Ruling Year
1997
Organization Type
Corporation
Principal Officer
% Eliza H Severt
Tax Deductibility
Contributions are deductible

About This Foundation

Harvest Foundation Of The Piedmont is a private corporation based in MARTINSVILLE, VA. The foundation received its IRS ruling in 1997. The principal officer is % Eliza H Severt. It holds total assets of $282M. Annual income is reported at $79.8M. The foundation operates in the area of religion. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$15.2M

2023+75%

Total Assets

$267.2M

2023+9%

Fair Market Value

$267.2M

2023

Net Worth

$244.4M

2023

Grants Paid

$11M

2023

Contributions

$51K

2023

Net Investment Income

$23.6M

2023

Distribution Amount

$12.4M

2023

Total Giving by Year

$14.7M
11
$18.8M
12
$12.1M
13
$15M
14
$6.7M
15
$7.1M
19
$9.3M
20
$30.4M
21
$8.7M
22
$15.2M
23

Asset Growth

$185.1M
11
$197.4M
12
$219.3M
13
$216.1M
14
$200.7M
15
$232.4M
19
$252.7M
20
$283.2M
21
$245.4M
22
$267.2M
23

Investment Portfolio (2023)

Total: $8.1M

Corporate Stock: $8.1M
Other Investments: $256M
Cash: $462K
Corporate Stock (3%)
Other Investments (97%)
Cash (0%)

Expense Breakdown (2023)

Grants Paid$11M
Officer Compensation$291K
Pension & Benefits$270K
Depreciation$127K
Travel & Conferences$55K
Occupancy$44K
Printing & Publications$3K
Accounting Fees$3K

Revenue Sources (2023)

Capital Gains (Net)
$21M
Dividends
$5.1M
Contributions
$51K
Other Income
$-196,301

Financial Details (2023)

Total Revenue
$25.9M
Total Expenses
$15.2M
Exempt Purpose Expenses
$15.4M
Required Distribution
$12.4M
Undistributed Income
$6.1M
Grants Approved (Future)
$6.7M
Total Liabilities
$22.7M
Excise Tax
$327K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

2

Total Giving

$16.6M

Average Grant

$8.3M

Median Grant

$8.3M

Total Giving by Year

$7.4M (1 grants)
20
$9.1M (1 grants)
22

Grant Range

Min$7.4M
Max$9.1M
Median: $8.3M
Smallest grantLargest grant

Openness to New Grantees (2022)

100%

of 2022 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: $16.6M (2)
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
VA$16.6M (2)

Past Grantees

RecipientLocationAmountYear
See Statement 17 AttachedSEE SCHEDULE ATTACHEDVarious, VA$9.1M2022
See Schedule AttachedSEE SCHEDULE ATTACHEDVarious, VA$7.4M2020

990-PF Filings

Tax PeriodReturn TypeView
2023-12990PFView Filing
2022-12990PFView Filing
2021-12990PFView Filing
2020-12990PFView Filing
2018-12990PFView Filing
2017-12990PFView Filing
2016-12990PFView Filing
2015-12990PFView Filing

Filings sourced from IRS e-file index. View all on ProPublica

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