Appalachian Community Capital Development Foundation
Appalachian Community Capital Development Foundation is a public charity based in Christiansburg, Virginia, formed in 2013. It raises capital and develops financing solutions for member CDFIs and other mission-aligned lenders, which in turn support small businesses and community development in Appalachia and other underserved communities.
Appalachian Community Capital Development Foundation at a glance
- Total assets
- $2,068,368
- -88.7% vs 2024
- Revenue (2025)
- $52,094,798
- +755.3% vs 2024
- Net investment income (2025)
- $3,283
- Expenses (2025)
- $52,065,120
- +759.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Appalachian Community Capital Development Foundation
- Contact
Mailing address: 110 Peppers Ferry Road Nw, Christiansburg, VA 24073
Phone: (202) 547-5155
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Appalachian Community Capital Development Foundation funds
How this funder distributes its grants
Grant Size Distribution
17 grants across all recorded years
The most common grant size was in the $50–100K range: 9 grants of 17 (53%).
Geographic Focus
Where this funder awards grants
The organization’s stated focus includes Appalachia and other underserved communities. Its 2025 filing describes a network of member CDFIs across 13 states. Opportunity Appalachia’s stated geographic scope is Central Appalachia: 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
From 2021 to 2022, annual grant giving ranged from $600K (2021) to $905K (2022). In 2022 it made 14 grants totaling $905K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bridgeway Capital Houston, TX | Business Development in Appalachia | $100,000 |
| Finance Fund Capital Corporation Columbus, OH | Business Development in Appalachia | $100,000 |
| Virginia Community Capital Christiansburg, VA | Business Development in Appalachia | $100,000 |
| Access to Capital to Entrepreneurs Inc Cleveland, GA | Business Development in Appalachia | $75,000 |
| Carolina Small Business Development Fund Raleigh, NC | Business Development in Appalachia | $75,000 |
| National Capital Investment Fund Charles Town, WV | Business Development in Appalachia | $75,000 |
| Southeast Community Capital Corp Nashville, TN | Business Development in Appalachia | $75,000 |
| South Carolina Community Fund Charleston, SC | Business Development in Appalachia | $50,000 |
| Alternatives Federal Credit Union Ithaca, NY | Business Development in Appalachia | $50,000 |
| Community Works Charleston, WV | Business Development in Appalachia | $50,000 |
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Financial History
Multi-year comparison from IRS filings
The organization’s 2025 filing says it raised $35 million and deployed approximately $49.325 million in its lending program, with grant income recognized of the same amount. The filing also reports approximately $64 million raised and approximately $59 million deployed in loans to member CDFIs since the lending program launched in 2015.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,068,368 | $52,094,798 | $52,065,120 | — | — | $3,283 |
| 2024 | $18,336,441 | $6,090,540 | $6,055,725 | — | — | — |
| 2023 | $273,759 | $6,500 | $10,008 | — | — | — |
| 2022 | $609,346 | $957,200 | $1,260,561 | $905,000 | 14 | — |
| 2021 | $1,851,862 | $915,000 | $759,280 | $600,000 | 3 | — |
| 2020 | $159,520 | $130,000 | $34,832 | — | — | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is to increase small-business lending by providing Appalachian member institutions serving underserved people and communities with new sources of capital. Its 2025 filing describes its financing network as supporting small businesses, affordable housing, community facilities, and other place-led economic development.
The kinds of organizations represented among its 2022 grantees include CDFIs and other community development lenders. For example, Locus Impact Fund describes its mission as offering flexible financial products for housing and community development, while Carolina Small Business Development Fund says it provides capital, business services, and policy research to support small businesses in underserved communities. FoodShed Capital describes its mission as supporting farms and businesses promoting an equitable and regenerative local food economy.
Opportunity Appalachia supports community real estate development projects. Its stated focus areas include downtown development, housing, manufacturing, IT and broadband, healthcare, education, food systems, clean energy, heritage tourism and recreation, and addiction treatment and recovery.
Grantmaking
The filing data reports zero grants for 2023, 2024, and 2025. Separately, the organization’s 2025 filing says it coordinated distribution of $55 million in Hurricane Helene recovery grants supporting more than 2,100 small businesses across 31 counties; this is reported as grant distribution, not as grants given by the foundation to outside organizations in the filing’s grant-count figures.
In 2022, the organization’s listed grants included $100,000 each to Locus Impact Fund and Finance Fund Capital Corporation; $75,000 each to Access to Capital for Entrepreneurs, Carolina Small Business Development Fund, and Southeast Community Capital Corporation d/b/a Pathway Lending; $50,000 each to Mountain BizCapital and Sabre Finance; and $30,000 to FoodShed Capital.
Opportunity Appalachia provides technical assistance and capital-raise support. The program lists an award range of $40,000–$75,000 and describes services such as project feasibility work, market assessments, financial projections, business-plan preparation, and investor matchmaking. The listed application deadline of April 12, 2026 has passed. The website’s 2024 application round is also identified as closed.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Donna Gambrell as president and CEO; Clinton B. Gwin as chair; Marten Jenkins as treasurer; and Neill S. Wright as secretary. It also lists Raymond Christman, Clyde Cornett, Grace Fricks, and Matt Raker as directors, and Shauna Yeldell as chief lending officer.
Appalachian Community Capital Development Foundation is led by Donna Gambrell, President & CEO on every filing since 2020; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Donna Gambrell
President & CEO
On filings since 2020
1 hr/week
No compensation reported
Clinton B. Gwin
Chair
On filings since 2020
1.5 hrs/week
No compensation reported
Clyde Cornett
Director
On filings since 2020
1.5 hrs/week
No compensation reported
Grace Fricks
Director
On filings since 2020
1.5 hrs/week
No compensation reported
Matt Raker
Director
On filings since 2020
1.5 hrs/week
No compensation reported
Raymond Christman
Director
On filings since 2023
1.5 hrs/week
No compensation reported
Marten Jenkins
Treasurer
On filings since 2020
1.5 hrs/week
No compensation reported
Neill S. Wright
Secretary
Director → Secretary, 2023
On filings since 2020
1.5 hrs/week
No compensation reported
Shauna Yeldell
Chief Lending Officer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Julia J. Parker (2023–2024) — Chief Lending Officer
- Former: Lori Chatman (2020–2023) — Director
- Former: Ray Chrisman (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Appalachian Community Capital Development Foundation
How large is Appalachian Community Capital Development Foundation?
Appalachian Community Capital Development Foundation reported $2.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $52.1M.
What does Appalachian Community Capital Development Foundation fund?
The organization’s stated mission is to increase small-business lending by providing Appalachian member institutions serving underserved people and communities with new sources of capital. See mission & focus areas ↑
How do I apply for a grant from Appalachian Community Capital Development Foundation?
Appalachian Community Capital Development Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does Appalachian Community Capital Development Foundation make grants?
The organization’s stated focus includes Appalachia and other underserved communities. Its 2025 filing describes a network of member CDFIs across 13 states. Opportunity Appalachia’s stated geographic scope is Central Appalachia: Kentucky, North Carolina, Ohio, Tennessee, Virginia, and West Virginia.
What is Appalachian Community Capital Development Foundation's EIN?
Appalachian Community Capital Development Foundation's EIN (Employer Identification Number) is 46-2827486. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 13, 2023)
- Updated Form 990-EZ for fiscal year 2020 (received by the IRS October 19, 2021)
- Added Form 990 for fiscal year 2023 (received by the IRS September 16, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Appalachian Community Capital Development Foundation funds
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