Appalachian Community Capital Corporation
Appalachian Community Capital Corporation (ACC) is a nonprofit community development financial institution based in Christiansburg, Virginia. It raises capital for member CDFIs and other mission-aligned lenders, which use it to support small businesses and underserved communities; ACC says it is not a direct lender.
Appalachian Community Capital Corporation at a glance
- Total assets
- $543,339,761
- +1764.5% vs 2023
- Revenue (2024)
- $6,174,804
- +42.1% vs 2023
- Net investment income (2024)
- $1,098,450
- +59.2% vs 2023
- Expenses (2024)
- $6,000,499
- +40.7% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to Appalachian Community Capital Corporation
- Review Cycle
- The Opportunity Appalachia 2024 deadline was April 12 at 5:00 p.m. ET; that cycle is past.
- Deadline
- The Opportunity Appalachia 2024 deadline was April 12 at 5:00 p.m.
- Contact
Mailing address: 110 Peppers Ferry Road Nw, Christiansburg, VA 24073
Phone: (202) 779-3083
Website: https://appalachiancommunitycapitalcdfi.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Appalachian Community Capital Corporation funds
How this funder distributes its grants
Grant Size Distribution
30 grants across all recorded years
The most common grant size was in the $100–250K range: 21 grants of 30 (70%).
Geographic Focus
Where this funder awards grants
ACC’s stated lending mission centers on Appalachia. Its website also describes a national membership class for aligned organizations working in energy communities nationally. Opportunity Appalachia targets Central Appalachian communities in Kentucky, North Carolina, Ohio, Tennessee, Virginia, and West Virginia.
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 30 grants totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Federation of Applachian Housing Inc Berea, KY | Emergency Business Assistance Grant | $200,000 |
| Natural Capital Investment Fund Inc Charles Town, WV | Emergency Business Assistance Grant | $200,000 |
| Southeast Community Capital Corporation Nashville, TN | Emergency Business Assistance Grant | $166,000 |
| Access to Capital for Entrepreneurs Norcross, GA | Emergency Business Assistance Grant | $150,000 |
| Appalachian Growth Capital Nelsonville, OH | Emergency Business Assistance Grant | $150,000 |
| Bridgeway Capital Inc Pittsburgh, PA | Emergency Business Assistance Grant | $150,000 |
| Three Rivers Planning and Development District Pontotoc, MS | Emergency Business Assistance Grant | $150,000 |
| Community Ventures Corporation Lexington, KY | Emergency Business Assistance Grant | $135,000 |
| Sabre Finance Birmingham, AL | Emergency Business Assistance Grant | $134,000 |
| Kentucky Highlands Investment Corporation London, KY | Emergency Business Assistance Grant | $130,000 |
Ready to take the next step with Appalachian Community Capital Corporation?
Financial History
Multi-year comparison from IRS filings
The filing identifies ACC as a Form 990 public charity.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $543,339,761 | $6,174,804 | $6,000,499 | — | — | $1,098,450 |
| 2023 | $29,141,159 | $4,344,653 | $4,263,882 | — | — | $690,136 |
| 2022 | $28,945,608 | $2,051,370 | $1,693,064 | — | — | $505,311 |
| 2021 | $27,470,921 | $2,186,125 | $1,765,994 | — | — | $534,967 |
| 2020 | $22,397,860 | $5,330,358 | $4,860,536 | $3,464,825 | 30 | $589,154 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
ACC’s mission is to increase small-business lending by providing Appalachian member institutions that serve underserved people and communities with new sources of capital. It says this supports entrepreneurship, higher-quality jobs, economic growth, and local wealth in Appalachia.
ACC reports that its members are CDFIs and other mission-based lenders. Examples of organizations it supported include Partner Community Capital, whose stated mission is to advance environmentally sustainable economic development through flexible capital and advisory services, and Pathway Lending, which says it supports underserved small businesses, affordable housing, and sustainable communities through lending and education. These are the grantees’ stated missions, not ACC’s.
ACC also operates Opportunity Appalachia, which provides technical assistance and supports capital-raising for community real-estate development projects in Central Appalachia. The program’s stated priorities include downtown development, housing, manufacturing, information technology, healthcare, education, food systems, clean energy, and heritage tourism and recreation, primarily in rural communities.
Grantmaking
ACC’s 2024 filing data reports zero grants. Its own 2024 filing narrative says it raised $9 million in debt capital and funded $8.75 million in new loans through its wholesale lending activity; member CDFIs used the loans to finance 20 small businesses. ACC also reported obtaining $3.3 million in grants during 2024, which was funding received by ACC, not grants it gave.
Available records list support to several organizations in 2020, including Partner Community Capital ($200,000), the Federation of Appalachian Housing Enterprises ($200,000), Pathway Lending ($166,000), and Bridgeway Capital ($150,000). These examples do not establish ACC’s total 2020 giving or a typical grant size.
Opportunity Appalachia’s 2024 application cycle is past and is listed as closed. Its application page described online submission and a deadline of April 12 at 5:00 p.m. ET for that cycle. No current application cycle is identified in the provided information.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Donna Gambrell as President and CEO; Clinton B. Gwin as Chair; Marten Jenkins as Treasurer; Neill S. Wright as Secretary; and Raymond Christman, Clyde Cornett, Grace Fricks, and Matt Raker as directors. Julia J. Parker is listed as Chief Lending Officer.
Appalachian Community Capital Corporation is led by Donna Gambrell, President & CEO on every filing since 2020; 2 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Donna Gambrell
President & CEO
On filings since 2020
40 hrs/week
$187K (2020) → $383K (2024)
Clinton B. Gwin
Chair
Board Chairman → Chair, 2022
On filings since 2020
3 hrs/week
No compensation reported
Clyde Cornett
Director
On filings since 2020
3 hrs/week
No compensation reported
Grace Fricks
Director
On filings since 2020
3 hrs/week
No compensation reported
Matt Raker
Director
On filings since 2020
3 hrs/week
No compensation reported
Raymond Christman
Director
On filings since 2023
3 hrs/week
No compensation reported
Julia J. Parker
Chief Lending Officer
On filings since 2023
40 hrs/week
$149K (2023) → $167K (2024)
Marten Jenkins
Treasurer
On filings since 2020
3 hrs/week
No compensation reported
Neill S. Wright
Secretary
Director → Secretary, 2023
On filings since 2020
3 hrs/week
No compensation reported
Former officers (2)
- Former: Lori Chatman (2020–2023) — Director
- Former: Ray Christman (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $383K, to Donna Gambrell (President & CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Appalachian Community Capital Corporation
How large is Appalachian Community Capital Corporation?
Appalachian Community Capital Corporation reported $543.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.2M.
What does Appalachian Community Capital Corporation fund?
ACC’s mission is to increase small-business lending by providing Appalachian member institutions that serve underserved people and communities with new sources of capital. It says this supports entrepreneurship, higher-quality jobs, economic growth, and local wealth in Appalachia. See mission & focus areas ↑
How do I apply for a grant from Appalachian Community Capital Corporation?
Appalachian Community Capital Corporation has no public application process in the sources Grantable reviewed. Check appalachiancommunitycapitalcdfi.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Appalachian Community Capital Corporation make grants?
ACC’s stated lending mission centers on Appalachia. Its website also describes a national membership class for aligned organizations working in energy communities nationally. Opportunity Appalachia targets Central Appalachian communities in Kentucky, North Carolina, Ohio, Tennessee, Virginia, and West Virginia.
What is Appalachian Community Capital Corporation's EIN?
Appalachian Community Capital Corporation's EIN (Employer Identification Number) is 46-2815132. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Appalachian Community Capital Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Appalachian Community Capital Corporation's focus areas in our free grants database
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