C Herman and Mary Virginia

Foundation · Grantmaker Jacksonville, FL EIN: 59-2241642

C Herman and Mary Virginia is a private foundation based in Jacksonville, Florida. Its 2024 filing reports grants to six organizations in Florida and Georgia, including community, human-services, cultural, and educational organizations.

Key facts about C Herman and Mary Virginia

In short: C Herman and Mary Virginia gave $6.2M across 6 grants in 2024 (avg $1.0M), mostly in Florida. Source: 2024 IRS Form 990-PF.

EIN
59-2241642
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$6,185,154
Grants made (2024)
6
Average grant
$1,030,859
Median grant
$1,000,000
Total assets
$287,780,236
Primary geography
Florida (59% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$287.8M

+76.1% YoY

Annual Giving

$6.2M

+2225.2% YoY

Grant Count

6

-72.7% YoY

Avg Grant Size

$1.0M

+8425.9% YoY

Under IRS private-foundation payout rules, C Herman and Mary Virginia reported a distributable amount of $12.1M for 2024 — the minimum it must pay out in qualifying distributions.

How C Herman and Mary Virginia gives

  • In 2024 it paid out 67% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is available in the provided information. Its 2024 grants included general support for several organizations, property renovation for Ronald McDonald House, and an Anatomage table purchase for Jacksonville University. Jacksonville University describes its mission as empowering students’ lifelong growth as global citizens through a transformative educational experience and community-centered service. The Community Foundation describes its mission as inspiring philanthropy through charitable giving funds that impact communities in the United States and around the world.

Grantmaking

In 2024, the foundation reported $6,185,154 in grants across six grants. Grant amounts ranged from $150,000 to $2,525,871, with a median of $1,000,000.

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Geographic Focus

Where this funder awards grants

The 2024 filing reports that 59% of grant dollars went to recipients in Florida and 41% to recipients in Georgia.

Grant Distribution by State

6states

Share of all 6 itemized 2024 grant dollars.

Cities

JacksonvilleAtlantic BeachEustisNew YorkW SacramentoAthensAtlantaLittle RockMemphis

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M0 grants20200 grants202127 grants202222 grants20236 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

University of Georgia Foundation: $2.5MUniversity of GeorgiaFoundation$2.5MThe Community Foundation: $1.0MThe Community Foundation$1.0MIM Sulzbacher Center For The Homeless: $1.0MIM Sulzbacher Center For TheHomeless$1.0MJacksonville Zoo & Gardens: $1.0MJacksonville Zoo & Gardens$1.0MRonald McDonald House: $509KRonald McDonald House$509KJacksonville University: $150KJacksonville University$150K

Grant Size Distribution

55 grants across all recorded years

46<$50K2$50–100K2$100–250K$250–500K1$500K–1M4$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Georgia Foundation Athens, GAGeneral Support$2,525,871
The Community Foundation Jacksonville, FLGeneral Support$1,000,000
IM Sulzbacher Center For The Homeless Jacksonville, FLGeneral Support$1,000,000
Jacksonville Zoo & Gardens Jacksonville, FLGeneral Support$1,000,000
Ronald McDonald House Jacksonville, FLProperty Renovation$509,283
Jacksonville University Jacksonville, FLAnatomage table purchase$150,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $287,780,236 $32,437,848 $7,693,945 $6,185,154
2023 $163,382,262 $159,645,729 $747,197 $266,000
2022 $4,433,443 $925,269 $426,237 $370,450
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50M$100M$150M$200M20202021202220232024
Metric202420232022
Total Assets$287,780,236$163,382,262$4,433,443
Revenue$32,437,848$159,645,729$925,269
Expenses$7,693,945$747,197$426,237
Qualifying Distributions$8,153,423$358,414$380,298
Net Investment Income$16,975,808$5,090,277$868,048
Distributable Amount$12,084,713$8,177,615$464,621

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Kathleen Shaw as Executive VP, with a start date of March 2024; Betsy C Cox as President/Trustee; Kathleen Cold as Trustee; and Sandra Corbett as Trustee, with an end date of April 2024.

C Herman and Mary Virginia is led by Betsy C Cox, President & Trustee since 2024 (on filings since 2020); 2 of 4 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Betsy C Cox

    President & Trustee

    Trustee → President & Trustee, 2024

    On filings since 2020

    38 hrs/week

    $200K (2024)

  • Kathleen H. Cold

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Sandra M. Corbett

    Trustee

    On filings since 2020

    No compensation reported

  • Kathleen Shaw

    Executive Vice President

    New on the 2024 filing

    50 hrs/week

    $227K (2024)

Former officers (4)
  • Former: Howard Serkin (2020–2021) — Trustee
  • Former: Martha Frye Baker (2020–2021) — Trustee
  • Former: Mary Virginia Terry (2020–2021) — Trustee
  • Former: Ryan Schwartz (2020–2021) — Trustee

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

Kathleen Shaw — Executive VP (beg 03/24): $227KKathleen ShawExecutive VP (beg 03/24)$227KBetsy C Cox — President/Trustee: $200KBetsy C CoxPresident/Trustee$200K

Contact

Mailing address: 1721 Atlantic Blvd Suite 200, Jacksonville, FL 32207
Phone: (904) 420-2801

Frequently asked questions about C Herman and Mary Virginia

How much does C Herman and Mary Virginia give each year?

C Herman and Mary Virginia gave $6.2M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $266K across 22 grants.

What is C Herman and Mary Virginia's typical grant size?

C Herman and Mary Virginia's median grant in 2024 was $1,000,000, and its average grant was $1,030,859, across 6 grants on its 2024 IRS Form 990-PF.

Where does C Herman and Mary Virginia give grants?

C Herman and Mary Virginia gives mostly in Florida: 59% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Georgia (41%). The most frequent recipient cities were Jacksonville, FL (5 grants).

Does C Herman and Mary Virginia give general operating support?

Yes: 67% of C Herman and Mary Virginia's 2024 grants with a stated purpose (4 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are C Herman and Mary Virginia's largest grantees?

C Herman and Mary Virginia's largest 2024 grantees include University of Georgia Foundation ($2,525,871), The Community Foundation ($1,000,000) and IM Sulzbacher Center For The Homeless ($1,000,000), according to its 2024 IRS Form 990-PF. Together they received 73% of its itemized 2024 grant dollars.

How large is C Herman and Mary Virginia?

C Herman and Mary Virginia reported $287.8M in total assets on its 2024 IRS Form 990-PF. It paid out $8.2M in qualifying distributions that year, against a required minimum of $12.1M (roughly 5% of its investment assets).

What does C Herman and Mary Virginia fund?

No mission statement for the foundation is available in the provided information. Its 2024 grants included general support for several organizations, property renovation for Ronald McDonald House, and an Anatomage table purchase for Jacksonville University. Jacksonville University describes its mission as empowering students’ lifelong growth as global citizens through a transformative educational experience and community-centered service. The Community Foundation describes its mission as inspir…

How do I apply for a grant from C Herman and Mary Virginia?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is C Herman and Mary Virginia's EIN?

C Herman and Mary Virginia's EIN (Employer Identification Number) is 59-2241642. IRS Form 990 filing data is available on this page for 2020–2024.

Does C Herman and Mary Virginia accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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