Danville Regional Foundation (DRF) is a private philanthropic foundation headquartered in Danville, Virginia. Founded in 2005 and tax-exempt since September 2006, the foundation operates as a catalyst for long-term transformation in the Dan River Region. The organization employs 15 staff members and functions as part of a collaborative network of partners across multiple sectors working to drive innovation and sustained positive impact.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$281.9M
+5.8% YoY
Annual Giving
$11.2M
-8.1% YoY
Grant Count
88
+95.6% YoY
Avg Grant Size
$128K
-53.0% YoY
Under IRS private-foundation payout rules, Danville Regional Foundation reported a distributable amount of $13.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to be a catalyst for long-term transformation through the development, promotion, and support of impactful activities and programs that address the health, education, and well-being of all Dan River Region residents.
DRF organizes its grantmaking around five primary program areas:
- Education — Investments ranging from early childhood education to public school programs, STEM initiatives, and higher education opportunities
- Economic Development — Support for workforce development and economic vitality
- Health & Wellness — Community health initiatives
- Community Development — Programs supporting civic capacity and community renewal
- Opportunity Neighborhoods — Place-based initiatives
Grantmaking
DRF administers multiple grant programs:
Grant Range
of $38,000 and a range of $7,000 to $2.5 million. In 2023, the foundation distributed $16.2 million across 53 grants with a median of $25,000.
Grant Types
Ready to take the next step with Danville Regional Foundation?
Geographic Focus
Where this funder awards grants
DRF focuses its grantmaking on the Dan River Region, which includes:
- City of Danville, Virginia
- Pittsylvania County, Virginia
- Caswell County, North Carolina
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $266.3 million (2024); $266 million (2023)
Annual Giving: $12.2 million (2024); $16.2 million (2023); $13.3 million in revenue (2023)
Total Expenses: $16.6 million (2023)
Total Liabilities: $19 million (2023)
Annual Revenue Range: $5.0 million to $25.0 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $281,905,646 | $266,334,754 | $247,460,504 |
| Revenue | $16,358,419 | $13,320,686 | $26,099,177 |
| Expenses | $11,820,038 | $16,560,686 | $14,752,598 |
| Qualifying Distributions | $13,391,127 | $14,478,695 | $18,633,078 |
| Net Investment Income | $13,747,753 | $10,186,008 | $23,874,367 |
| Distributable Amount | $13,428,765 | $12,339,480 | $12,005,978 |
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
230 grants across all recorded years
Open Grants
1 open opportunity from Danville Regional Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Averett University ($3,000,000), City of Danville Va ($2,000,000), Averett University ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTAVISTA YMCA ALTAVISTA, VA | COMMUNITY COUNCIL GRANT | $4,060 |
| AVERETT UNIVERSITY DANVILLE, VA | OPERATING SUPPORT | $3,000,000 |
| AVERETT UNIVERSITY DANVILLE, VA | CRISIS MANAGEMENT | $500,000 |
| BOSS 2 BOSS LEADERSHIP FOUNDATION DANVILLE, VA | COMMUNITY COUNCIL GRANT | $2,300 |
| BOYS & GIRLS CLUB DANVILLE, VA | COMMUNITY COUNCIL GRANT | $1,500 |
| CARDINAL NEWS ROANOKE, VA | NEW REPORTER | $100,000 |
| CASWELL ARTS YANCEYVILLE, NC | COMMUNITY COUNCIL GRANT | $6,000 |
| CASWELL COUNTY PARTNERSHIP FOR CHILDREN YANCEYVILLE, NC | NEXT STEP GRANT | $24,998 |
| CASWELL RECREATION DEVELOPMENT YANCEYVILLE, NC | MAKE MORE HAPPEN | $25,000 |
| CASWELLL PARTNERSHIP FOR CHILDREN YANCEYVILLE, NC | COMMUNITY COUNCIL GRANT | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Gary Waldman serves as Chief Financial Officer.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CLARK CASTEEL | PRESIDENT AND CEO | 40 | $318,226 |
| JON C SELLS | CFO AND TREASURER | 40 | $155,738 |
| ALEXIS EHRHARDT | CHAIR | 1 | — |
| PAUL IRWIN | VICE CHAIR | 1 | — |
| SHIRLEY JOO HITE | SECRETARY & EXECUTIVE ASSISTANT | 35 | $70,377 |
| CHARLES MAJORS | DIRECTOR | 1 | — |
| MARTHA A WALKER | DIRECTOR | 1 | — |
| JIM BEBEAU | DIRECTOR | 1 | — |
| MAGGY GREGORY | DIRECTOR | 1 | — |
| MAURICE FERRELL | DIRECTOR | 1 | — |
| PAUL ASHWORTH | DIRECTOR | 1 | — |
| GREG HAIRSTON | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
**2026:** God's Storehouse was named the 2026 B.R. Ashby, M.D. Award winner for Outstanding Community Service.
Community Foundation of the Dan River Region Awards over $1 million in Grants**2025:** House of Hope received the 2025 B.R. Ashby, M.D. Award for Outstanding Community Service.
Community Foundation of the Dan River Region Awards over $1 million in Grants**2024:** Project Literacy received the 2024 B.R. Ashby, M.D. Award for Outstanding Community Service, which included a $60,000 general operating grant.
Community Foundation of the Dan River Region Awards over $1 million in GrantsThe foundation maintains active community engagement through district and community council meetings and continues to accept grant applications from eligible nonprofits in its service region.
Community Foundation of the Dan River Region Awards over $1 million in GrantsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Danville Regional Foundation fund?
The foundation's mission is to be a catalyst for long-term transformation through the development, promotion, and support of impactful activities and programs that address the health, education, and well-being of all Dan River Region residents. DRF organizes its grantmaking around five primary program areas: • **Education** — Investments ranging from early childhood education to public school programs, STEM initiatives, and higher education opportunities • **Economic Development** — Support for…
How do I apply for a grant from Danville Regional Foundation?
DRF administers multiple grant programs: • **Capacity Development Grants** — Investments to help local organizations and nonprofit employees grow stronger, develop partnerships, and find new ways to solve recurring issues • **Ashby Award Grants** — General operating grants of $60,000 honoring outstanding community service by nonprofit organizations based on success in helping families and individuals overcome significant challenges • **Education Grants** • **Economic Development Grants** • **He…
Where does Danville Regional Foundation make grants?
DRF focuses its grantmaking on the Dan River Region, which includes: • City of Danville, Virginia • Pittsylvania County, Virginia • Caswell County, North Carolina
What size grants does Danville Regional Foundation award?
In 2024, Danville Regional Foundation awarded 88 grants totaling $11.2M — an average of about $128K per grant, based on its IRS Form 990 filings.
How much is Danville Regional Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Danville Regional Foundation reported a distributable amount of $13.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Danville Regional Foundation's EIN?
Danville Regional Foundation's EIN (Employer Identification Number) is 20-3319727. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Danville Regional Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Wolf Family Charitable Trust
OAKTON, VA
Assets
$385K
Grants
5
Total Given
$189K
Stone Ridge Foundation
ALTAVISTA, VA
Assets
$6.4M
Grants
2
Total Given
$15K
Lawrence and Ira Straus Charitable Tr
ARLINGTON, VA
Assets
$236K
Grants
12
Total Given
$8K
Iraqi Children Foundation Inc
FAIRFAX, VA
Assets
$101K
Grants
2
Total Given
$610K
Heartfelt Humans
ASHBURN, VA
Assets
—
Grants
0
Total Given
—
Krumbein Charities Inc
RICHMOND, VA
Assets
$440K
Grants
14
Total Given
$34K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Danville Regional Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Danville Regional Foundation to a real strategy.