The Culp Family Foundation is a private grantmaking foundation established in Virginia and based in McLean, VA. As a 501(c)(3) organization, it has been tax-exempt since January 2013. The foundation operates as a family foundation focused on philanthropic grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$2.3M
+41.1% YoY
Grant Count
18
+100.0% YoY
Avg Grant Size
$129K
-29.5% YoY
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation primarily supports organizations in Maryland, the District of Columbia, and Virginia.
Grantmaking
The foundation does not accept unsolicited applications. Grantmaking is invitation-only, with the foundation making contributions only to preselected charitable organizations.
Grant Range
$10,000 to $400,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Maryland
- District of Columbia
- Virginia
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $35,073,512
- Total Revenue: $65,468,831
- Total Expenses: $2,452,813
- Net Income: $63,016,018
- Total Liabilities: $0
- Giving Rate: 6.6% of assets
Investment Activity:
- Investment income and dividends: $582,058 (2024)
- Net gain from sale of non-inventory assets: $14,899,916 (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvard Business School ($400,000), Washington College Ge Scholars ($266,000), Sultana Education Foundation ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE POTOMAC SCHOOL MCLEAN, VA | 2024 GRANT FOR GENERAL OPERATING | $107,143 |
| CHESAPEAKE BAY FOUNDATION ANNAPOLIS, MD | 2024 GRANT FOR GENERAL OPERATING | $100,000 |
| THE ANIMAL SHELTER FOR KENT COUNTY CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATINGG | $70,000 |
| WASHINGTON COLLEGE GE SCHOLARS CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATING | $266,000 |
| KENT ATTAINABLE HOUSING INC CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATING | $10,000 |
| HARVARD BUSINESS SCHOOL BOSTON, MA | 2024 GRANT FOR GENERAL OPERATING | $400,000 |
| WASHINGTON COLLEGE PAT ALLENDER CHAIR CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATING | $125,000 |
| WASHINGTON COLLEGE 4 FTE's CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATING | $190,634 |
| KIT-CARES INC CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATING | $100,000 |
| SULTANA EDUCATION FOUNDATION CHESTERTOWN, MD | 2024 GRANT FOR GENERAL OPERATING | $250,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- H. Lawrence Culp Jr. – President
- Wendy H. Culp – Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H LAWRENCE CULP JR | PRESIDENT | 1 | — |
| WENDY H CULP | SECRETARY | 1 | — |
Contact Information
- Address: 8401 Greensboro Drive, Suite 800, McLean, VA 22102-3599
- Telephone: 703-893-0600
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Culp Family Foundation fund?
The foundation's primary funding areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily supports organizations in Maryland, the District of Columbia, and Virginia.
How do I apply for a grant from Culp Family Foundation?
**Grant Activity:** • Annual giving: approximately $2.3 million to $2.45 million • Number of grants: 18 grants in 2024 • Grant range: $10,000 to $400,000 • Median grant size: $100,000 to $107,000 **Recent Grantees (2024):** • Sultana Education Foundation: $250,000 • Potomac School: $107,143 • Kit Cares: $100,000 **Application Process:** The foundation does not accept unsolicited applications. Grantmaking is invitation-only, with the foundation making contributions only to preselected charitable…
Where does Culp Family Foundation make grants?
The foundation primarily funds organizations in: • Maryland • District of Columbia • Virginia
What size grants does Culp Family Foundation award?
In 2024, Culp Family Foundation awarded 18 grants totaling $2.3M — an average of about $129K per grant, based on its IRS Form 990 filings.
What is Culp Family Foundation's EIN?
Culp Family Foundation's EIN (Employer Identification Number) is 45-5394566. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Culp Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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