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Joan And Morgan Massey Foundation is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 2015. The principal officer is Andrea Glasgow. It holds total assets of $9.2M. Annual income is reported at $3.3M. Total assets have grown from $2.8M in 2014 to $9.2M in 2024. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2015 to 2024. Grantmaking is concentrated in Virginia. According to available records, Joan And Morgan Massey Foundation has made 41 grants totaling $2.2M, with a median grant of $50K. Annual giving has grown from $375K in 2020 to $475K in 2023. Grantmaking activity was highest in 2022 with $900K distributed across 16 grants. Individual grants have ranged from $25K to $100K, with an average award of $54K. The foundation has supported 13 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Joan And Morgan Massey Foundation reported 41 individual grants totaling $2.2 million between 2020 and 2023 across its IRS Form 990-PF filings, with a median grant of $50,000. Its largest single grant in the record was $100,000. Its most recent available filing, for fiscal year 2023, reports $690,961 in total giving.
Grantmaking is concentrated in VA, which received 41 of the 41 grants on record (100 percent). Of its 13 distinct grantees, 69 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Vcu College Of Engineering Foundation ($500,000), Boy Scouts Of America Heart Of Va Council ($250,000) and Virginia Institute Of Marine Science ($250,000).
Computed from 41 individual grant records (2020–2023) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
Smallest Grant
$50K
Median Grant
$50K
Average Grant
$56K
Largest Grant
$100K
Based on 8 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.
Joan And Morgan Massey Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 41 grants. Its grantmaking reaches organizations primarily in VA.
Joan And Morgan Massey Foundation has distributed a total of $2.2M across 41 grants. The median grant size is $50K, with an average of $54K. Individual grants have ranged from $25K to $100K.
501(c)(3) organizations only.
Joan And Morgan Massey Foundation is headquartered in RICHMOND, VA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan Massey | DIRECTOR | $0 | $0 | N/A |
| J H Binford Peay Iii | DIRECTOR | $0 | $0 | N/A |
| Sky Massey | BOARD CHAIR | $0 | $0 | N/A |
| Craig L Massey | PRESIDENT | $0 | $0 | N/A |
| Jose Mendoza | CHIEF FINANCIAL OFFICER | $0 | $0 | N/A |
| Andrea C Glasgow | SECRETARY | $0 | $0 | N/A |
| Maureen Denlea | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$9.2M
Fair Market Value
N/A
Net Worth
$9.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
41
Total Giving
$2.2M
Average Grant
$54K
Median Grant
$50K
Unique Recipients
13
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Virginia Military Institute FoundationGENERAL PEAY ENDOWMENT FUND | Lexington, VA | $75K | 2023 |
| Virginia Institute Of Marine ScienceDEAN & DIRECTORS INNOVATION FUND | Gloucester Point, VA | $50K | 2023 |
| Boy Scouts Of America Heart Of Va CouncilEAGLE SCOUT & SCOUT PROGRAMS | Richmond, VA | $50K | 2023 |
| University Of RichmondCIE INITIATIVE | Richmond, VA | $50K | 2023 |
| Mcv FoundationPARKINSON'S & MOVEMENT DISORDERS CENTER | Richmond, VA | $50K | 2023 |
| Vcu College Of Engineering FoundationDR. BARBARA BOYAN'S HYDROGEL RESEARCH | Richmond, VA | $50K | 2023 |
| University Of Virginia School Of EngineeringE MORGAN MASSEY DEAN'S DISCOVERY FUND | Charlottesville, VA | $50K | 2023 |
| Science Museum Of Virginia FoundationTHE FORGE & THE MIX | Richmond, VA | $50K | 2023 |
| Virginia Military InstituteGENERAL PEAY ENDOWMENT FUND | Lexington, VA | $50K | 2022 |
| Science Museum Of VirginiaTHE GREEN OUTDOOR PROJECT OR THE FORGE | Richmond, VA | $50K | 2022 |
| Vcu College Of EngineeringMEDICINES FOR ALL PROGRAM | Richmond, VA | $50K | 2021 |
| University Of Richmond Robins School Of BusinessMBA PROGRAM | Richmond, VA | $50K | 2020 |
| University Of Virginia Darden School Of BusinessGENERAL PURPOSES | Charlottesville, VA | $25K | 2020 |