Compton Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORFOLK, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 8 grants totaling $382K. Net investment income was $147K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
-6.5% YoY
Annual Giving
$382K
-40.1% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$48K
-32.6% YoY
Under IRS private-foundation payout rules, Compton Family Foundation reported a distributable amount of $353K for 2024 — the minimum it must pay out in qualifying distributions.
About Compton Family Foundation
Based on IRS filings
Compton Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORFOLK, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 8 grants totaling $382K. Net investment income was $147K.
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 | $3,033,755 | $3,244,804 | $5,340,658 |
| Revenue | $225,753 | $1,297,573 | $483,133 |
| Expenses | $463,485 | $707,767 | $301,607 |
| Qualifying Distributions | $384,465 | $639,375 | $287,500 |
| Net Investment Income | $146,733 | $1,229,181 | $469,026 |
| Distributable Amount | $353,131 | $303,395 | $146,088 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lake Taylor Transitional Care Hospital Foundation ($85,000), Cape Henry Collegiate ($80,000), Chkd Lighting the Way-mental Health ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAPE HENRY COLLEGIATE VIRGINIA BEACH, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $80,000 |
| CHKD LIGHTING THE WAY-MENTAL HEALTH NORFOLK, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $50,000 |
| DARE COUNTY BOAT BUILDERS FOUNDATION MANTEO, NC | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $16,500 |
| EVMS NORFOLK, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $50,000 |
| FURMAN UNIVERSITY GREENVILLE, SC | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $25,000 |
| LAKE TAYLOR TRANSITIONAL CARE HOSPITAL FOUNDATION NORFOLK, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $85,000 |
| VIRGINIA ARTS FESTIVAL NORFOLK, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $25,000 |
| HOSPICE HOUSE OF HAMPTON ROADS VIRGINIA BEACH, VA | SUPPORT RECIPIENT'S TAX EXEMPT PROGRAM | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H RAY COMPTON | PRESIDENT | 1 | — |
| JEAN T COMPTON | SECRETARY/TREAS | 1 | — |
| BRYAN W COMPTON | VP | 1 | — |
| MARK A COMPTON | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Compton Family Foundation?
Compton Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORFOLK, VA. It holds $3.0M in total assets as of 2024.
How large is Compton Family Foundation?
As of 2024, Compton Family Foundation holds $3.0M in total assets with $226K in annual revenue. It awarded 8 grants totaling $382K in 2024.
Where does Compton Family Foundation operate?
Compton Family Foundation has awarded grants in North Carolina, South Carolina, Virginia.
What size grants does Compton Family Foundation award?
In 2024, Compton Family Foundation awarded 8 grants totaling $382K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Compton Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Compton Family Foundation reported a distributable amount of $353K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Compton Family Foundation's EIN?
Compton Family Foundation's EIN (Employer Identification Number) is 54-2016383. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Compton Family 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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