Dana Foundation Inc

RICHMOND, VA EIN: 92-1920301

Dana Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $9K in total assets. In 2024, it awarded 12 grants totaling $72K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9K

+299.1% YoY

Annual Giving

$72K

+61.3% YoY

Grant Count

+71.4% YoY

Avg Grant Size

$6K

-5.9% YoY

Under IRS private-foundation payout rules, Dana Foundation Inc reported a distributable amount of $553 for 2024 — the minimum it must pay out in qualifying distributions.

About Dana 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 $111K (95%)

North Carolina $6K (5%)

States

North Carolina Virginia

Cities

Glen AllenMorrisvilleRichmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$8,835	$2,214
Revenue	$94,018	$65,140
Expenses	$87,397	$62,926
Qualifying Distributions	$72,197	$44,771
Net Investment Income	—	—
Distributable Amount	$553	$368

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

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Virginia Museum of Fine Arts ($31,227), Scan ($12,500), Little Hands ($5,684).

Recipient	Purpose	Amount
LITTLE HANDS RICHMOND, VA	GENERAL PURPOSES	$5,684
RICHMOND FORUM RICHMOND, VA	GENERAL PURPOSES	$5,000
SCAN RICHMOND, VA	GENERAL PURPOSES	$12,500
VIRGINIA MUSEUM OF FINE ARTS RICHMOND, VA	GENERAL PURPOSES	$31,227
AMERICAN HEART ASSOCIATION GLEN ALLEN, VA	GENERAL PURPOSES	$772
CHILDRENS HOSPITAL RICHMOND, VA	GENERAL PURPOSES	$200
CHILDRENS HOME RICHMOND, VA	GENERAL PURPOSES	$2,744
FEEDMORE RICHMOND, VA	GENERAL PURPOSES	$805
NAMI-VA RICHMOND, VA	GENERAL PURPOSES	$4,427
THE NEXT MOVE RICHMOND, VA	GENERAL PURPOSES	$3,467

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
STANLEY J OLANDER JR	PRESIDENT/TREASURER	1	—
MARSHA BRADY OLANDER	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Dana Foundation Inc?

Dana Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $9K in total assets as of 2024.

How large is Dana Foundation Inc?

As of 2024, Dana Foundation Inc holds $9K in total assets with $94K in annual revenue. It awarded 12 grants totaling $72K in 2024.

Where does Dana Foundation Inc operate?

Dana Foundation Inc has awarded grants in North Carolina, Virginia.

What size grants does Dana Foundation Inc award?

In 2024, Dana Foundation Inc awarded 12 grants totaling $72K — an average of about $6K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Dana Foundation Inc reported a distributable amount of $553 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.