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Jim And Debbie Petrine Foundation is a private corporation based in MONETA, VA. The foundation received its IRS ruling in 2018. It holds total assets of $1.1M. Annual income is reported at $38K. Total assets have decreased from $2.1M in 2019 to $1.5M 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 2018 to 2023. According to available records, Jim And Debbie Petrine Foundation has made 5 grants totaling $1.4M, with a median grant of $252K. Annual giving has decreased from $364K in 2020 to $258K in 2023. Grantmaking activity was highest in 2022 with $504K distributed across 2 grants. Individual grants have ranged from $251K to $364K, with an average award of $275K. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
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.
Jim And Debbie Petrine Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in VA.
Jim And Debbie Petrine Foundation has distributed a total of $1.4M across 5 grants. The median grant size is $252K, with an average of $275K. Individual grants have ranged from $251K to $364K.
Jim And Debbie Petrine Foundation typically selects its grantees rather than accepting unsolicited proposals.
Jim And Debbie Petrine Foundation is headquartered in MONETA, VA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James Petrine | PRESIDENT | $0 | $0 | N/A |
| Deborah Petrine | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$264K
Total Assets
$1.5M
Fair Market Value
$1.6M
Net Worth
$1.5M
Grants Paid
$258K
Contributions
N/A
Net Investment Income
$16K
Distribution Amount
$83K
Total: $78K
Total Grants
5
Total Giving
$1.4M
Average Grant
$275K
Median Grant
$252K
Unique Recipients
1
Most Common Grant
$252K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Virginia Tech Foundation IncEDUCATION SUPPORT | Blacksburg, VA | $258K | 2023 |