The Charles B. Keesee Educational Fund is a private foundation established in 1941 and based in Martinsville, Virginia. The organization is designated as a 501(c)(3) tax-exempt entity and operates as an independent foundation focused on educational philanthropy. The fund was created to honor the vision of Charles B. Keesee and his wife Olivia Helms Simmons Keesee, who sought to assist worthy young men and women in obtaining education at Baptist institutions.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$74.1M
+5.7% YoY
Annual Giving
$3.9M
+10.8% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$281K
+10.8% YoY
Mission & Focus Areas
The fund's primary purpose is to provide financial assistance to qualified students attending designated beneficiary schools who are preparing to enter vocational Baptist ministry or undertake religious work in the Baptist denomination.
Core focus areas include:
- Higher education
- Graduate and professional education
- Religious and theological studies
- Baptist ministry preparation
Grantmaking
The Charles B. Keesee Educational Fund awards two primary types of grants:
Grant Range
of $968. Total grants awarded in 2024 were approximately $3.6 million.
Average Grant
of $968. Total grants awarded in 2024 were approximately $3.6 million.
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Geographic Focus
Where this funder awards grants
The fund provides funding to students across multiple states, with primary focus on:
- Virginia
- North Carolina
- South Carolina
- Kentucky
- Louisiana
- Missouri
- Texas
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $70.1 million
- Total Revenue: $2.54 million
- Total Expenses: $4.24 million
- Total Liabilities: $102,000
The fund's expense level exceeds annual revenue, reflecting distributions from its substantial asset base to support its grantmaking mission.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $74,114,251 | $70,097,765 | $70,142,557 |
| Revenue | $6,677,263 | $2,542,830 | $3,017,440 |
| Expenses | $4,699,885 | $4,241,655 | $4,416,608 |
| Qualifying Distributions | $4,227,192 | $3,838,701 | $3,962,933 |
| Net Investment Income | $6,250,915 | $2,109,998 | $2,561,072 |
| Distributable Amount | $3,518,136 | $3,346,865 | $3,488,231 |
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 2025
Grant Size Distribution
97 grants across all recorded years
Open Grants
1 open opportunity from Charles B Keesee Educational Fund
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- Ryan R. Hutchinson, President
- Douglas T. Ramsey, Vice President
Board of Trustees:
- David D. Burhans
- G. Paul Fletcher
- John T. Fulcher
- Martha W. Medley
- Betty B. Pigg
- Andrew H. Wakefield
The organization maintains a staff of 3 employees.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DOUGLAS T RAMSEY | Vice President | 25 | $52,850 |
| GEORGIA P COMPTON | Treasurer/SECRE | 5 | $15,200 |
| G PAUL FLETCHER | Trustee | 5 | $12,438 |
| JOHN T FULCHER | Trustee | 5 | $13,200 |
| RYAN R HUTCHINSON | President | 5 | $14,000 |
| MARTHA W MEDLEY | Trustee | 5 | $11,562 |
| BETTY B PIGG | Trustee | 5 | $11,000 |
| ANDREW H WAKEFIELD | Trustee | 5 | $11,000 |
Contact Information
- Website: www.cbkeesee.com
- Address: PO Box 431, Martinsville, VA 24114-0431
- Phone: 276-632-2229
- EIN: 54-0490435
- Tax-Exempt Status: Since November 1943
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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