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Powell Charitable Foundation is a private corporation based in SALEM, VA. The foundation received its IRS ruling in 2003. The principal officer is Franklin Montgomery Esq. It holds total assets of $11.5M. Annual income is reported at $3.7M. Total assets have grown from $5.4M in 2011 to $11.5M in 2024. 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 2017 to 2024. Grantmaking is concentrated in Virginia. According to available records, Powell Charitable Foundation has made 98 grants totaling $1.1M, with a median grant of $5K. Annual giving has decreased from $594K in 2021 to $456K in 2022. Individual grants have ranged from $1K to $60K, with an average award of $11K. The foundation has supported 59 unique organizations. The foundation primarily supports organizations in Virginia, Maryland, Tennessee, which account for 92% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$6K
Average Grant
$11K
Largest Grant
$60K
Based on 55 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.
Powell Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 98 grants. Its grantmaking reaches organizations primarily in VA, MD, TN.
Powell Charitable Foundation has distributed a total of $1.1M across 98 grants. The median grant size is $5K, with an average of $11K. Individual grants have ranged from $1K to $60K.
Powell Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Powell Charitable Foundation is headquartered in SALEM, VA. While based in VA, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul A Powell Jr | TRUSTEE | $138K | $0 | $138K |
| Waid B Powell | TRUSTEE | $89K | $0 | $89K |
Total Giving
N/A
Total Assets
$11.5M
Fair Market Value
N/A
Net Worth
$11.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
98
Total Giving
$1.1M
Average Grant
$11K
Median Grant
$5K
Unique Recipients
59
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Redeemer PresbyterianRELIGIOUS | Lynchburg, VA | $50K | 2022 |
| E&H CollegeEDUCATION | Meadowview, VA | $50K | 2022 |
| Faith Christian SchoolEDUCATION | Roanoke, VA | $40K | 2022 |
| Star CommunityADULT CARE | Hagerstown, MD | $35K | 2022 |
| St Pauls EpiscopalRELIGIOUS | Salem, VA | $35K | 2022 |
| Valley Bible ChurchRELIGIOUS | Roanoke, VA | $28K | 2022 |
| Rally For The ValleyHUMANITARIAN | Salem, VA | $22K | 2022 |
| Andrew Lewis Middle SchoolEDUCATIONAL | Salem, VA | $12K | 2022 |
| West Salem Elementary SchoolEDUCATIONAL | Salem, VA | $12K | 2022 |
| Gw Carver Elementary SchoolEDUCATION | Salem, VA | $12K | 2022 |
| East Salem Elementary SchoolEDUCATIONAL | Salem, VA | $12K | 2022 |
| South Salem Elementary SchoolEDUCATIONAL | Salem, VA | $12K | 2022 |
| In The Game MinistriesRELIGIOUS | Ellicot City, MD | $10K | 2022 |
| Jefferson CenterPERFORMANCE ARTS | Roanoke, VA | $10K | 2022 |
| Roanoke Cultural EndowmentARTS | Roanoke, VA | $10K | 2022 |
| Young LifeRELIGIOUS | Roanoke, VA | $8K | 2022 |
| Star City Soccer FoundationEDUCATION | Roanoke, VA | $5K | 2022 |
| Blue Ridge Legal ServicesHUMAN SERVICES | Roanoke, VA | $5K | 2022 |
| Mercy MultipliedHUMANITARIAN | Nashville, TN | $5K | 2022 |
| Masterpiece AlliancePHILANTHROPIC | Salem, VA | $5K | 2022 |
| Pinewood ChurchRELIGIOUS | Pinewood, SC | $5K | 2022 |
| Pregnancy Resource CenterHUMANITARIAN | Blacksburg, VA | $5K | 2022 |
| Roanoke SymphonyARTS | Roanoke, VA | $5K | 2022 |
| Salem MuseumHISTORICAL | Salem, VA | $5K | 2022 |
| St Marks EpiscopalRELIGIOUS | Fincastle, VA | $5K | 2022 |
| Street RansomHUMANITARIAN | Roanoke, VA | $5K | 2022 |
| Virginia Western Community CollegeEDUCATIONAL | Roanoke, VA | $5K | 2022 |
| Mission Aviation FellowshipEDUCATIONAL | Nampa, ID | $5K | 2022 |
| Bonhoeffer HausRELIGIOUS | Radford, VA | $5K | 2022 |
| Needlework GuildPHILANTHROPIC | Lynchburg, VA | $4K | 2022 |
| League Animal ProtectionWILDLIFE | Fincastle, VA | $4K | 2022 |
| Rescue Mission MinistriesRELIGIOUS | Roanoke, VA | $4K | 2022 |
| Roanoke Area MinistriesRELGIOUS | Roanoke, VA | $4K | 2022 |
| 5 Points Music SanctuaryEDUCATIONAL | Roanoke, VA | $3K | 2022 |
| Apple Ridge FarmYOUTH DEVELOPMENT | Roanoke, VA | $3K | 2022 |
| Blue Ridge Women'S CenterADVOCACY | Roanoke, VA | $3K | 2022 |
| Restoration HousingPHILANTHROPIC | Roanoke, VA | $3K | 2022 |
| Healing StridesTHERAPUTIC | Boones Mill, VA | $3K | 2022 |
| Angels Of AssissiANIMAL RESCUE | Roanoke, VA | $1K | 2022 |
| Roanoke Refugee PartnershipHUMANITARIAN | Roanoke, VA | $1K | 2022 |
| Blue Ridge Literacy CouncilEDUCATION | Hendersonville, NC | $1K | 2022 |
| Deeper StillRELIGIOUS | Knoxville, TN | $1K | 2022 |
| The Friends Of Claytor LakeCONSERVATION | Fairlawn, VA | $1K | 2022 |