Capcenter Foundation Inc
Capcenter Foundation Inc is a private foundation focused on Education, based in Glen Allen, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $193K in total assets. In 2024, it awarded 1 grant totaling $10K.
Capcenter Foundation Inc at a glance
In short: Capcenter Foundation Inc gave $10K across 1 grant in 2024 (avg $10K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,000
- -44.4% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $10,000
- -44.4% vs 2023
- Median grant
- $10,000
- Total assets
- $193,446
- -4.9% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Capcenter Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of Richmond Law School ($10K).
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Capcenter Foundation Inc gives
- Giving fell 50% from 2021 to 2024. Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2024) to $68K (2020). In 2024 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Richmond Law School University of Richmond, VA | Richmond Law Fund | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $193,446 | — | $10,000 | $10,000 | 1 | $10,000 | — | $9,999 |
| 2023 | $203,446 | — | $18,000 | $18,000 | 1 | $18,000 | — | $10,956 |
| 2022 | $231,446 | $4 | $35,118 | $35,108 | 4 | $35,108 | — | $12,630 |
| 2021 | $256,560 | $100,018 | $20,085 | $20,000 | 1 | $20,000 | — | $8,766 |
| 2020 | $177,877 | $150,009 | $69,325 | $68,000 | 8 | — | $9 | $3,982 |
Under IRS private-foundation payout rules, Capcenter Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Capcenter Foundation Inc is led by Gary T. Piacentini, President since 2024 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gary T. Piacentini
President
President & Director → President, 2024
On filings since 2020
1 hr/week
No compensation reported
Sean Diblasi
Treasurer
CFO & Director → Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Matthew Jones (2020–2021) — Director
- Former: Glenn J. Lapkin (2020) — CFO & 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.
Frequently asked questions about Capcenter Foundation Inc
How much does Capcenter Foundation Inc give each year?
Capcenter Foundation Inc gave $10K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $18K across 1 grant.
How large is Capcenter Foundation Inc?
Capcenter Foundation Inc reported $193K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is Capcenter Foundation Inc?
Capcenter Foundation Inc is a private foundation focused on Education, based in Glen Allen, VA. It holds $193K in total assets as of 2024.
Where does Capcenter Foundation Inc operate?
Capcenter Foundation Inc has awarded grants in North Carolina, Virginia.
What is Capcenter Foundation Inc's EIN?
Capcenter Foundation Inc's EIN (Employer Identification Number) is 81-4397172. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Capcenter Foundation Inc down — hundreds of funders to go?