Chestnut Street Foundation Inc

Foundation · Grantmaker LEESBURG, VA EIN: 54-2062181

Chestnut Street Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEESBURG, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $171K in total assets. In 2024, it awarded 2 grants totaling $38K. Net investment income was $22K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$171K

-8.7% YoY

Annual Giving

$38K

+52.0% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$19K

-24.0% YoY

Under IRS private-foundation payout rules, Chestnut Street Foundation Inc reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

About Chestnut Street Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $99K (95%)

Pennsylvania $4K (4%)

District of Columbia $1K (1%)

States

District of Columbia Pennsylvania Virginia

Cities

LancasterLeesburgWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$170,933	$187,230	$198,851
Revenue	$24,096	$15,605	$3,949
Expenses	$40,444	$27,226	$16,572
Qualifying Distributions	$38,000	$25,000	$14,000
Net Investment Income	$21,652	$13,352	$1,953
Distributable Amount	$12,745	$12,374	$13,938

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Loudoun Hunger Relief ($37,000), Westmoreland Davis MemoriFoundation ($1,000).

Recipient	Purpose	Amount
Loudoun Hunger Relief Leesburg, VA	Hunger Relief	$37,000
Westmoreland Davis MemoriFoundation Leesburg, VA	Historical Education	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Michael E Liddick	Pres.	2	—
Kathleen R Liddick	VP	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Chestnut Street Foundation Inc?

Chestnut Street Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEESBURG, VA. It holds $171K in total assets as of 2024.

How large is Chestnut Street Foundation Inc?

As of 2024, Chestnut Street Foundation Inc holds $171K in total assets with $24K in annual revenue. It awarded 2 grants totaling $38K in 2024.

Where does Chestnut Street Foundation Inc operate?

Chestnut Street Foundation Inc has awarded grants in District of Columbia, Pennsylvania, Virginia.

What size grants does Chestnut Street Foundation Inc award?

In 2024, Chestnut Street Foundation Inc awarded 2 grants totaling $38K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is Chestnut Street Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Chestnut Street Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Chestnut Street Foundation Inc's EIN?

Chestnut Street Foundation Inc's EIN (Employer Identification Number) is 54-2062181. IRS Form 990 filing data is available on this page for 2020–2024.