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
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
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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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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