E Rhodes and Leona B Carpenter Foundation
The E Rhodes and Leona B Carpenter Foundation is a private, independent foundation established in 1975 by E. Rhodes Carpenter, founder of the Richmond, Virginia-based company now known as Carpenter Co. The foundation operates independently with no connection to Carpenter Co. It is headquartered in Radnor, Pennsylvania and holds 501(c)(3) tax-exempt status.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$251.7M
+5.1% YoY
Annual Giving
$14.4M
+23.4% YoY
Grant Count
310
+5.8% YoY
Avg Grant Size
$47K
+16.6% YoY
Mission & Focus Areas
The foundation supports organizations in the following areas:
- Performing arts organizations in the Richmond, Virginia area
- Education, particularly graduate theological educational institutions
- Museums (including those associated with colleges and universities) for the purchase, restoration, and conservation of Asian art
- Institutions providing education in the field of Asian art
- Health care organizations, particularly hospices
Recent grant activity indicates the foundation also supports education initiatives, religious organizations, and human services on a broader scale.
Grantmaking
Recent grants have ranged from $20,000 to $275,000, including:
Review Cycle
**
Grant Types
How to Apply
**Deadlines:**
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Geographic Focus
Where this funder awards grants
The foundation has a national scope, distributing grants across the United States. However, it maintains particular focus on the Richmond, Virginia area for performing arts organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $239–$250.9 million
- Annual Revenue: $9.75 million
- Annual Expenses: $14.3 million
- Total Liabilities: $0
- Total Giving: $10.5 million
Grant Distribution by Category (Historical):
- Arts & Culture: approximately 29%
- Education: approximately 27%
- Religion: approximately 17%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $251,748,295 | $239,474,288 | $243,752,944 |
| Revenue | $29,772,969 | $9,750,856 | $6,311,125 |
| Expenses | $17,485,051 | $14,260,273 | $13,562,925 |
| Qualifying Distributions | $15,565,106 | $12,712,435 | $11,605,116 |
| Net Investment Income | $29,147,451 | $8,356,074 | $5,875,341 |
| Distributable Amount | $14,834,713 | $13,337,791 | $13,553,900 |
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
250 grants across all recorded years
Open Grants
5 open opportunities from E Rhodes and Leona B Carpenter Foundation
Carpenter Foundation - Asian Art Grant
E Rhodes and Leona B Carpenter Foundation
Amount
Varies
Deadline
Rolling / Open
Carpenter Foundation - Community Health Nursing Grant
E Rhodes and Leona B Carpenter Foundation
Amount
Varies
Deadline
Rolling / Open
Carpenter Foundation - LGBTQI Grants
E Rhodes and Leona B Carpenter Foundation
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Diane L. Collins – Co-Executive Director
- Joseph A. O'Connor Jr. – Co-Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE L COLLINS | CO-EXECUTIVE DIRECTOR | 50 | $380,000 |
| JOSEPH A O'CONNOR | DIRECTOR/CO-EXECUTIVE DIRECTOR | 35 | $286,000 |
| ANN B DAY | DIRECTOR/PRESIDENT | 10 | $60,000 |
| PAUL B DAY JR | DIR./ V. PRES./SECRETARY | 10 | $60,000 |
Recent News & Activity
Recent developments and announcements
Recent grants announced include support for Georgia State University's Garden Initiative for Black Women's Religious Activism ($50,000) and Council for Relationships' clergy training in therapy program ($20,000). The foundation continues to make grants across its focus areas with board meetings held in spring and autumn.
Georgia State Receives $50,000 Grant From E. Rhodes and Leona B. CarpenterContact Information
Address: 150 N Radnor Chester Road, Suite A200 Radnor, PA 19087-5272 United States
Phone: 215-979-3223
Website: carpenterfoundation.us
EIN: 51-0155772
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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