The Capital One Foundation Inc is a private corporate foundation established in 1994 and headquartered in McLean, Virginia. As the philanthropic arm of Capital One Financial Corporation, the foundation focuses on expanding economic opportunity for low- and moderate-income families and communities through strategic investments in education, workforce development, affordable housing, and financial well-being.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$154.3M
+141.7% YoY
Annual Giving
$14.9M
+27.8% YoY
Grant Count
95
+458.8% YoY
Avg Grant Size
$157K
-77.1% YoY
Under IRS private-foundation payout rules, Capital One Foundation Inc reported a distributable amount of $3.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports programs designed to promote:
Education
- Day care and early childhood education
- Literacy initiatives
- After-school programs
- College access
Community Development
- Workforce development
- Affordable housing
- Small business development
Financial Well-Being
- Youth financial education
- Adult financial education
The foundation operates under the Capital One Impact Initiative, a five-year commitment to support growth in underserved communities and advance socioeconomic mobility. The foundation particularly emphasizes racial equity and investment in diverse communities and businesses.
Grantmaking
Grant Range
** $10,000 to $500,000+
Invitation Only
** The Capital One Foundation does not accept unsolicited proposals. Grant requests are by invitation only.
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Geographic Focus
Where this funder awards grants
National focus across the United States, with particular emphasis on Texas, the District of Columbia, and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $63.8 million to $154.3 million (figures vary by reporting year; 2023 shows $63.8 million)
Total Revenue (2023): $21.8 million
Total Expenses (2023): $11.8 million
Total Liabilities (2023): $33,400
Tax Status: 501(c)(3) organization; tax-exempt since April 1997
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $154,283,387 | $63,821,096 | $50,522,018 |
| Revenue | $102,793,469 | $21,841,693 | $12,975,745 |
| Expenses | $15,034,351 | $11,780,314 | $13,208,467 |
| Qualifying Distributions | $14,946,300 | $11,696,635 | $13,083,834 |
| Net Investment Income | $2,236,711 | $1,786,327 | $2,891,912 |
| Distributable Amount | $3,315,039 | $2,497,792 | $2,606,023 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Impact Charitable ($1,100,000), Latino Business Action Network Inc ($880,000), Hispanic Association of Colleges and Universities ($850,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AI4ALL SAN FRANCISCO, CA | EXPANDING AI PATHWAYS FOR UNDERREPRESENTED STUDENTS | $60,000 |
| ASCEND DALLAS DALLAS, TX | ECONOMIC ADVANCEMENT | $50,000 |
| BAKERRIPLEY HOUSTON, TX | BAKERRIPLEYS VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM | $50,000 |
| BEDFORD STUYVESANT RESTORATION CORPORATION BROOKLYN, NY | FINANCIAL COUNSELING AND COACHING | $50,000 |
| BLACK ECONOMIC ALLIANCE FOUNDATION WASHINGTON, DC | BEA SOLUTIONS SUMMIT | $100,000 |
| BOGALUSA REBIRTH BOGALUSA, LA | CAPITAL ONE HOMEBUYER ASSISTANCE FUND | $12,200 |
| BOWIE BUSINESS INNOVATION CENTER INC BOWIE, MD | 8(A) ACCELERATOR PROGRAM EXPANSION | $175,000 |
| BRAVEN INC CHICAGO, IL | LAUNCHING BRAVEN IN PARTNERSHIP WITH DELAWARE STATE UNIVERSITY | $500,000 |
| BUSINESS OUTREACH CENTER NETWORK INC BROOKLYN, NY | BOC WOMEN OF COLOR BUSINESS DEVELOPMENT PROJECT | $100,000 |
| BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT REDWOOD CITY, CA | BUILD METRO DC YOUTH ENTREPRENEURSHIP PROGRAM 2024/2025 | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHENA ASHLEY | PRESIDENT/DIRECTOR | 4 | — |
| JASON S FRANK | SECRETARY | 4 | — |
| FRANCO HARRIS | TREASURER | 4 | — |
| MICHAEL ANGELO | ASSISTANT SECRETARY | 4 | — |
| STEPH DOLES | ASSISTANT TREASURER | 4 | — |
| KERONE VATEL | CHAIR PERSON | 4 | — |
| ANDREW NAVARRETE | CO-CHAIR | 4 | — |
| STEVE TULIP | DIRECTOR | 4 | — |
| JENNIFER WINDBECK | DIRECTOR | 4 | — |
Recent News & Activity
Recent developments and announcements
In October 2025, Capital One, the Capital One Foundation, and Lever for Change announced the launch of *Scaling Pathways to Homeownership*, a $25 million open call designed to identify and support bold solutions that expand access to affordable homeownership in the United States.
Capital One, Capital One Foundation, and Lever for Change Announce $25M OpenAs part of Capital One's proposed acquisition of Discover Financial Services, the company announced a $265 billion Community Benefits Plan over five years, which includes $575 million in philanthropy—representing a nearly 30% increase over previously planned activities.
Contact Information
Address: 1680 Capital One Drive, McLean, VA 22102-3407
Phone: (703) 217-1419
Email: communityaffairs@capitalone.com
Website: www.capitalone.com/about/community
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Capital One Foundation Inc fund?
The foundation supports programs designed to promote: **Education** • Day care and early childhood education • Literacy initiatives • After-school programs • College access **Community Development** • Workforce development • Affordable housing • Small business development **Financial Well-Being** • Youth financial education • Adult financial education The foundation operates under the Capital One Impact Initiative, a five-year commitment to support growth in underserved communities and advance …
How do I apply for a grant from Capital One Foundation Inc?
**Grant Range:** $10,000 to $500,000+ **Annual Giving:** $11.7 million to $14.9 million (varies by year; 2023 data shows $11.68 million distributed across 17 awards) **Application Process:** The Capital One Foundation does not accept unsolicited proposals. Grant requests are by invitation only. **Recent Grants (2023):** • Kiva Microfunds: $3,500,000 (Reducing Structural Barriers for Black and Latino Entrepreneurs) • Hispanic Association of Colleges and Universities: $1,420,000 (HSI Immersion Pr…
Where does Capital One Foundation Inc make grants?
National focus across the United States, with particular emphasis on Texas, the District of Columbia, and New York.
What size grants does Capital One Foundation Inc award?
In 2024, Capital One Foundation Inc awarded 95 grants totaling $14.9M — an average of about $157K per grant, based on its IRS Form 990 filings.
How much is Capital One Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Capital One Foundation Inc reported a distributable amount of $3.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Capital One Foundation Inc's EIN?
Capital One Foundation Inc's EIN (Employer Identification Number) is 11-3276603. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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