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Town Foundation is a private association based in NORFOLK, VA. The foundation received its IRS ruling in 1989. It holds total assets of $1.6M. Annual income is reported at $566K. The foundation is governed by 8 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Town Foundation has made 6 grants totaling $196K, with a median grant of $32K. Annual giving has grown from $56K in 2021 to $74K in 2023. Individual grants have ranged from $18K to $56K, with an average award of $33K. The foundation has supported 2 unique organizations. 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.
Town Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in VA.
Town Foundation has distributed a total of $196K across 6 grants. The median grant size is $32K, with an average of $33K. Individual grants have ranged from $18K to $56K.
Town Foundation typically selects its grantees rather than accepting unsolicited proposals.
Town Foundation is headquartered in NORFOLK, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Yvonne T Allmond | PRESIDENT | $0 | $0 | N/A |
| Wilson B Dodson | V/P | $0 | $0 | N/A |
| Bruce Longman | TREASURER | $0 | $0 | N/A |
| Kay R Egan | SECRETARY | $0 | $0 | N/A |
| Susan Longman | DIRECTOR | $0 | $0 | N/A |
| Ramin Alimard | DIRECTOR | $0 | $0 | N/A |
| Howard E Gordon | DIRECTOR | $0 | $0 | N/A |
| Joseph Robbins | DIRECTOR | $0 | $0 | N/A |
Total Giving
$92K
Total Assets
$1.6M
Fair Market Value
$1.6M
Net Worth
$1.6M
Grants Paid
$74K
Contributions
N/A
Net Investment Income
$31K
Distribution Amount
$74K
Total: $1.5M
Total Grants
6
Total Giving
$196K
Average Grant
$33K
Median Grant
$32K
Unique Recipients
2
Most Common Grant
$18K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Old Dominion UniversitySCHOLARSHIPS | Norfolk, VA | $18K | 2023 |
| James Madison UniversitySCHOLARSHIPS | Harrisonburg, VA | $56K | 2023 |