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Townebank Foundation is a private corporation based in SUFFOLK, VA. The foundation received its IRS ruling in 2001. The principal officer is % William Hodsden. It holds total assets of $20M. Annual income is reported at $14.1M. The foundation operates in the area of health. According to available records, Townebank Foundation has made 582 grants totaling $18.9M, with a median grant of $15K. Annual giving has grown from $5.3M in 2021 to $13.6M in 2022. Individual grants have ranged from $25 to $250K, with an average award of $32K. The foundation has supported 258 unique organizations. The foundation primarily supports organizations in Virginia, North Carolina, Tennessee, which account for 96% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
Townebank Foundation primarily funds organizations in the area of health. Based on available records, the foundation has funded 582 grants. Its grantmaking reaches organizations primarily in VA, NC, TN.
Townebank Foundation has distributed a total of $18.9M across 582 grants. The median grant size is $15K, with an average of $32K. Individual grants have ranged from $25 to $250K.
The application deadline is SCHOLARSHIPS: APPLICATION AND ESSAY MUST BE SUBMITTED BY FEBRUARY 15 OF EACH YEAR. GENERAL GRANTS: G. SCHOLARSHIPS: APPLICANT MUST BE A CHILD OF A PARENT CURRENTLY EMPLOYED BY TOWNEBANK AND ITS AFFILIATES ON A FULL-TIME BASIS FOR A MINIMUM OF TWO YEARS. APPLICANT MUST BE A CURRENT HIGH SCHOOL SENIOR OR HAVE GRADUATED FROM HIGH SCHOOL THROUGH AN EARLY GRADUATION PROGRAM. APPLICANT MUST ENROLL AS A FULL-TIME STUDENT AS DEFINED BY THE ACCREDITED EDUCATIONAL INSTITUTION. GENERAL GRANTS: THE FOUNDATION TYPICALLY PREFERS TO MAKE GRANTS TO APPLICANTS WITHIN THE BANK'S SERVICE AREA AND PRIMARILY FOR CAPITAL PURPOSES. THE NON-PROFITS MUST BE CLASSIFIED AS A 501(C)3 WITHIN IRS RULES AND REGULATIONS.
Townebank Foundation is headquartered in SUFFOLK, VA. While based in VA, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robyn S Leavy | EXECUTIVE DI | $25K | $0 | $25K |
| William T Hodsden | SECRETARY & | $0 | $0 | $0 |
| J Morgan Davis | VP & DIRECTO | $0 | $0 | $0 |
| G Robert Aston Jr | PRESIDENT | $0 | $0 | $0 |
| R Scott Morgan | TREASURER & | $0 | $0 | $0 |
Total Giving
$8M
Total Assets
$17.1M
Fair Market Value
$26M
Net Worth
$17.1M
Grants Paid
$7.4M
Contributions
$5.9M
Net Investment Income
$1.4M
Distribution Amount
$1.2M
Total: $15.4M
Total Grants
582
Total Giving
$18.9M
Average Grant
$32K
Median Grant
$15K
Unique Recipients
258
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| EgglestonGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Eastern Virginia Medical School FouGEN. CHARITABLE | Norfolk, VA | $200K | 2022 |
| Christopher Newport University EducGEN. CHARITABLE | Newport News, VA | $200K | 2022 |
| Forkids IncGEN. CHARITABLE | Chesapeake, VA | $125K | 2022 |
| Junior Achievement Of Central CarolGEN. CHARITABLE | Charlotte, NC | $114K |
Other foundations that have funded Townebank Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Williams Mullen Foundation | $2K | 2024 | Contribution Provided |
| Williams Mullen Foundation | $2K | 2024 | Contribution Provided |
| Williams Mullen Foundation | $2K | 2023 | Contribution provided |
| Williams Mullen Foundation | $2K | 2023 | Contribution provided |
| Williams Mullen Foundation |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2022 |
| Chesapeake Bay AcademyGEN. CHARITABLE | Virginia Beach, VA | $100K | 2022 |
| Central Piedmont Community CollegeGEN. CHARITABLE | Charlotte, NC | $100K | 2022 |
| Appalachian State University FoundaGEN. CHARITABLE | Boone, NC | $100K | 2022 |
| Chesapeake Regional Health FoundatiGEN. CHARITABLE | Chesapeake, VA | $100K | 2022 |
| Atrium Health FoundationGEN. CHARITABLE | Charlotte, NC | $100K | 2022 |
| Global Action PlatformGEN. CHARITABLE | Nashville, TN | $100K | 2022 |
| Children'S Hospital Of The Kings DaGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| The Outer Banks HospitalGEN. CHARITABLE | Nags Head, NC | $100K | 2022 |
| Greenville-Enc AllianceGEN. CHARITABLE | Greenville, NC | $100K | 2022 |
| Virginia Arts FestivalGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Norfolk Botanical GardenGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Norfolk Festevents LtdGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Sullenberger Aviation MuseumGEN. CHARITABLE | Charlotte, NC | $100K | 2022 |
| Suffolk Center For Cultural Arts FoGEN. CHARITABLE | Suffolk, VA | $100K | 2022 |
| Nauticus FoundationGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Judeo-Christian Outreach CenterGEN. CHARITABLE | Virginia Beach, VA | $100K | 2022 |
| Dorothea Dix Park ConservancyGEN. CHARITABLE | Raleigh, NC | $100K | 2022 |
| Virginia Symphony OrchestraGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Tidewater Community College EducatiGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Elizabeth River ProjectGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Virginia Stage CompanyGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Chrysler Museum Of ArtGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| The First Tee Of The TriangleGEN. CHARITABLE | Raleigh, NC | $100K | 2022 |
| United Way Of South Hampton RoadsGEN. CHARITABLE | Norfolk, VA | $100K | 2022 |
| Samaritan House IncGEN. CHARITABLE | Virginia Beach, VA | $85K | 2022 |
| Children'S HarborGEN. CHARITABLE | Norfolk, VA | $80K | 2022 |
| Boys & Girls Clubs Of Southeast VirGEN. CHARITABLE | Virginia Beach, VA | $75K | 2022 |
| D'Art CenterGEN. CHARITABLE | Norfolk, VA | $75K | 2022 |
| Hampton Roads AcademyGEN. CHARITABLE | Newport News, VA | $70K | 2022 |
| Boys & Girls Clubs Of The VirginiaGEN. CHARITABLE | Newport News, VA | $70K | 2022 |
| Norfolk SpcaGEN. CHARITABLE | Norfolk, VA | $70K | 2022 |
| The Up CenterGEN. CHARITABLE | Norfolk, VA | $70K | 2022 |
| Pga Tour Charities IncGEN. CHARITABLE | Ponte Vedra Beach, FL | $68K | 2022 |
| Virginia Wesleyan UniversityGEN. CHARITABLE | Virginia Beach, VA | $63K | 2022 |
| The Salvation Army Greenville NortGEN. CHARITABLE | Greenville, NC | $60K | 2022 |
| Children'S Hospital FoundationGEN. CHARITABLE | Richmond, VA | $50K | 2022 |
| SafechildGEN. CHARITABLE | Raleigh, NC | $50K | 2022 |
| Versability Resources IncGEN. CHARITABLE | Hampton, VA | $50K | 2022 |
| Tidewater Youth Services FoundationGEN. CHARITABLE | Portsmouth, VA | $50K | 2022 |
| Wakemed FoundationGEN. CHARITABLE | Raleigh, NC | $50K | 2022 |
| The Hurrah Players IncGEN. CHARITABLE | Norfolk, VA | $50K | 2022 |
| The Friends Of The Elizabeth RiverGEN. CHARITABLE | Norfolk, VA | $50K | 2022 |
| The Basilica Of Saint Mary Of The IGEN. CHARITABLE | Norfolk, VA | $50K | 2022 |
| Tammy Lynn CenterGEN. CHARITABLE | Raleigh, NC | $50K | 2022 |
| Boys & Girls Clubs Of The Coastal PGEN. CHARITABLE | Winterville, NC | $50K | 2022 |
| $4K |
| 2022 |
| Sponsorship of Event |
| Williams Mullen Foundation | $2K | 2022 | Donation |
| Nindra Foundation | $500 | 2022 | General Purpose |
| Nindra Foundation | $500 | 2022 | General Purpose |
| Beazley Foundation Inc. | $500 | 2020 | LEAD FEEDS HOPE |
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