Cherry Grove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $132K in total assets. In 2024, it awarded 21 grants totaling $122K. Net investment income was $94K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$132K
+141.0% YoY
Annual Giving
$122K
-10.3% YoY
Grant Count
21
+16.7% YoY
Avg Grant Size
$6K
-23.1% YoY
Under IRS private-foundation payout rules, Cherry Grove Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Cherry Grove Foundation
Based on IRS filings
Cherry Grove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $132K in total assets. In 2024, it awarded 21 grants totaling $122K. Net investment income was $94K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $131,722 | $54,652 | $61,059 |
| Revenue | $167,667 | $174,339 | $86,109 |
| Expenses | $124,416 | $136,595 | $89,362 |
| Qualifying Distributions | $122,209 | $136,045 | $88,312 |
| Net Investment Income | $93,957 | $98,276 | $17,884 |
| Distributable Amount | $8,830 | $9,034 | $11,091 |
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
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Virginia Athletics Foundation ($27,600), University of Virginia ($26,500), Virginia Museum of Fine Arts Founda ($22,328).
| Recipient | Purpose | Amount |
|---|---|---|
| ST BRIDGET SCHOOL RICHMOND, VA | EDUCATIONAL | $2,500 |
| UNIVERSITY OF VIRGINIA CHARLOTTESVILLE, VA | EDUCATIONAL | $26,500 |
| HAMPDEN-SYDNEY COLLEGE HAMPDENSYDNEY, VA | EDUCATIONAL | $3,500 |
| VIRGINIA MUSEUM OF FINE ARTS FOUNDA RICHMOND, VA | CHARITABLE | $22,328 |
| UNITED WAY RICHMOND, VA | CHARITABLE | $1,000 |
| AMERICAN HEART ASSOCIATION GLEN ALLEN, VA | MEDICAL RESEARCH | $1,000 |
| VA FOUNDATION FOR INDEPENDENT COLLE RICHMOND, VA | EDUCATIONAL | $250 |
| ST BRIDGET CHURCH RICHMOND, VA | CHARITABLE | $1,000 |
| MASSEY CANCER CENTER RICHMOND, VA | MEDICAL RESEARCH | $500 |
| VA LAW FOUNDATION RICHMOND, VA | EDUCATIONAL | $350 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JULIOUS P SMITH JR | President | 20 | — |
| SHERRILL P SMITH | Vice President | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cherry Grove Foundation?
Cherry Grove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $132K in total assets as of 2024.
How large is Cherry Grove Foundation?
As of 2024, Cherry Grove Foundation holds $132K in total assets with $168K in annual revenue. It awarded 21 grants totaling $122K in 2024.
Where does Cherry Grove Foundation operate?
Cherry Grove Foundation has awarded grants in Colorado, Connecticut, District of Columbia, Florida, Missouri, Virginia.
What size grants does Cherry Grove Foundation award?
In 2024, Cherry Grove Foundation awarded 21 grants totaling $122K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Cherry Grove Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cherry Grove Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cherry Grove Foundation's EIN?
Cherry Grove Foundation's EIN (Employer Identification Number) is 26-3855291. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cherry Grove Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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