Capital One Foundation Inc
Capital One Foundation Inc is a private foundation based in McLean, Virginia. Its 2025 filing describes a five-year, $265 billion community benefits plan associated with the Discover acquisition, intended to advance economic opportunity and financial well-being. The plan includes philanthropy alongside community development financing, CDFI support, consumer lending, small-business lending, and diverse-supplier spending.
Capital One Foundation Inc at a glance
In short: Capital One Foundation Inc gave $36.0M across 102 grants in 2025 (avg $352K), top state District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $35,951,518
- +140.7% vs 2024
- Grants made (2025)
- 102
- +7.4% vs 2024
- Average grant
- $352,466
- +124.2% vs 2024
- Median grant
- $122,500
- Total assets
- $327,792,757
- +112.5% vs 2024
- Primary geography
- District of Columbia (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Capital One Foundation Inc
- 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.
- Contact
Mailing address: 1680 Capital One Drive, Mclean, VA 22102
Phone: (703) 217-1419
Website: https://investor.capitalone.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Capital One Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Opportunity Finance Network ($10.6M across 3 grants). Together the top 10 received $23.7M.
Grant Size Distribution
249 grants across all recorded years
The most common grant size was in the $100–250K range: 88 grants of 249 (35%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that grant dollars went primarily to recipients in Washington, DC (40%), Texas (24%), and New York (12%). Delaware accounted for 4% and Illinois for 3%.
Grant Distribution by State
Share of 2025 grant dollars across all 102 itemized grants.
States
Cities
How Capital One Foundation Inc gives
- 22% of 2025 grantees were also funded in 2024. Method
- Giving grew 177% from 2022 to 2025. Method
- In 2025 it paid out 468% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2.9M (2020) to $36.0M (2025). In 2025 it made 102 grants totaling $36.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Opportunity Finance Network Washington, DC | Small Business | $10,000,000 |
| National Association for Latino Community Asset Builders San Antonio, TX | Asset Building/Financial Capability | $5,000,000 |
| National Association for Latino Community Asset Builders San Antonio, TX | Asset Building/Financial Capability | $1,400,000 |
| Center for Responsible Lending Durham, NC | Asset Building/Financial Capability | $1,000,000 |
| National Urban League Inc New York, NY | Other Community Service | $1,000,000 |
| Unidosus Washington, DC | Affordable Housing | $1,000,000 |
| Hispanic Association of Colleges and Universities San Antonio, TX | Education | $600,000 |
| Change Machine New York, NY | Asset Building/Financial Capability | $560,000 |
| Dress for Success Worldwide New York, NY | Financial Education | $510,000 |
| Braven Inc Chicago, IL | Workforce Development | $500,000 |
Ready to take the next step with Capital One Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $327,792,757 | $206,337,817 | $36,955,707 | $35,951,518 | 102 | $36,398,618 | $3,840,318 | $7,770,742 |
| 2024 | $154,283,387 | $102,793,469 | $15,034,351 | $14,933,700 | 95 | $14,946,300 | $2,236,711 | $3,315,039 |
| 2023 | $63,821,096 | $21,841,693 | $11,780,314 | $11,682,500 | 17 | $11,696,635 | $1,786,327 | $2,497,792 |
| 2022 | $50,522,018 | $12,975,745 | $13,208,467 | $13,000,000 | 27 | $13,083,834 | $2,891,912 | $2,606,023 |
| 2021 | $59,107,238 | $1,680,147 | $3,182,067 | $3,000,000 | 8 | $3,079,603 | $1,600,544 | $2,904,753 |
| 2020 | $56,180,300 | $17,705,188 | $3,183,890 | $2,935,877 | 5 | — | $584,430 | $1,826,787 |
Under IRS private-foundation payout rules, Capital One Foundation Inc reported a distributable amount of $7.8M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing describes the community benefits plan as designed to advance economic opportunity and financial well-being. Its stated areas include housing affordability, small-business growth, financial capability, education, workforce development, and community development.
The 2025 grants show support for organizations working in these areas. Opportunity Finance Network describes its mission as expanding access to affordable, responsible financial products and services for low-income, low-wealth, and other underserved people and communities. NALCAB says it advances economic mobility in Latino communities. Other grantees describe missions that include promoting financial fairness and ending abusive lending practices (Center for Responsible Lending), creating opportunities for Latinos (UnidosUS), and championing Hispanic success in higher education (Hispanic Association of Colleges and Universities).
Grantmaking
In filing year 2025, the foundation reported 102 grants totaling $35,951,518. Grant amounts ranged from $40,000 to $10 million, with a median of $122,500.
The largest reported grant was $10 million to Opportunity Finance Network for small business. NALCAB received grants of $5 million and $1.4 million for asset building and financial capability. Other notable awards included $1 million each to the Center for Responsible Lending for asset building and financial capability, the National Urban League for other community service, and UnidosUS for affordable housing; and $600,000 to the Hispanic Association of Colleges and Universities for education.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Shena Ashley as president and director; Kerone Vatel as chair person; Andrew Navarrete as co-chair; Blaise Brennan as secretary; Franco Harris as treasurer; and Steph Doles as assistant treasurer. It also lists Steve Tulip and Jennifer Windbeck as directors and Hunter Thompson as operations lead.
Capital One Foundation Inc is led by Shena Ashley, President & Director since 2024 (on filings since 2022); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Shena Ashley
President & Director
President → President & Director, 2024
On filings since 2022
4 hrs/week
No compensation reported
Kerone Vatel
Chair Person
President → Chair, 2022
Chair → Chair Person, 2023
On filings since 2021
4 hrs/week
No compensation reported
Jennifer Windbeck
Director
On filings since 2020
4 hrs/week
No compensation reported
Steve Tulip
Director
On filings since 2020
4 hrs/week
No compensation reported
Andrew Navarrete
Co-Chair
Co-Chair → Director, 2023
Director → Co-Chair, 2024
On filings since 2020
4 hrs/week
No compensation reported
Steph Doles
Assistant Treasurer
On filings since 2021
4 hrs/week
No compensation reported
Franco Harris
Treasurer
On filings since 2022
4 hrs/week
No compensation reported
Blaise Brennan
Secretary
New on the 2025 filing
4 hrs/week
No compensation reported
Hunter Thompson
Operations Lead
New on the 2025 filing
4 hrs/week
No compensation reported
Former officers (13)
- Former: Michael Angelo (2022–2024) — Assistant Secretary
- Former: Jason S. Frank (2023–2024) — Secretary
- Former: Vernicka Shaw (2023) — Secretary
- Former: Andrew Young (2020–2022) — Director
- Former: Eliazbeth Johnson (2020–2022) — Vice President
- Former: Jonathan Chiu (2022) — Secretary
- Former: Aparna Chanda (2020–2021) — Treasurer
- Former: John Finneran (2020–2021) — Director
- Former: Michael Passaretti (2020–2021) — Secretary
- Former: Catherine Foca (2020) — President
- Former: Laura Bailey (2020) — Director
- Former: Robert Magnano (2020) — Director
- Former: Sushama Dasari (2020) — Assistant Treasurer
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 Capital One Foundation Inc
How much does Capital One Foundation Inc give each year?
Capital One Foundation Inc gave $36.0M across 102 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14.9M across 95 grants.
What is Capital One Foundation Inc's typical grant size?
Capital One Foundation Inc's median grant in 2025 was $122,500, and its average grant was $352,466, across 102 grants on its 2025 IRS Form 990-PF.
Where does Capital One Foundation Inc give grants?
Capital One Foundation Inc's top state is District of Columbia, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Texas (24%) and New York (12%). The most frequent recipient cities were Washington, DC (18 grants), New York, NY (15 grants), Chicago, IL (7 grants) and San Antonio, TX (4 grants).
Does Capital One Foundation Inc give general operating support?
Not in 2025: none of the 102 grants with a stated purpose on Capital One Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Affordable Housing" (31 grants), "Small Business" (27 grants) and "Asset Building/Financial Capability" (19 grants).
Who are Capital One Foundation Inc's largest grantees?
Capital One Foundation Inc's largest 2025 grantees include Opportunity Finance Network ($10,605,000 across 3 grants), National Association for Latino Community Asset Builders ($6,900,000 across 3 grants) and Center for Responsible Lending ($1,000,000), according to its 2025 IRS Form 990-PF. Together they received 51% of its itemized 2025 grant dollars.
How large is Capital One Foundation Inc?
Capital One Foundation Inc reported $327.8M in total assets on its 2025 IRS Form 990-PF. It paid out $36.4M in qualifying distributions that year, against a required minimum of $7.8M (roughly 5% of its investment assets).
What does Capital One Foundation Inc fund?
The filing describes the community benefits plan as designed to advance economic opportunity and financial well-being. Its stated areas include housing affordability, small-business growth, financial capability, education, workforce development, and community development. See mission & focus areas ↑
How do I apply for a grant from Capital One Foundation Inc?
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 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 2020–2025.
Does Capital One Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Capital One Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Capital One Foundation Inc funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/capital-one-foundation-inc-morg_1661af8604bb4d9f8eb0094674fbad3a
BibTeX
@misc{grantable_113276603_2026,
author = {{Grantable}},
title = {{Capital One Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/capital-one-foundation-inc-morg_1661af8604bb4d9f8eb0094674fbad3a},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Capital One Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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