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 Carpenter Co., a Richmond, Virginia-based company. The foundation operates independently and has 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
Under IRS private-foundation payout rules, E Rhodes and Leona B Carpenter Foundation reported a distributable amount of $14.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports:
- 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
- LGBTQ+ projects
Grantmaking
The foundation is actively making grants and is open for unsolicited proposals. In fiscal year 2024, the foundation distributed approximately $14.4 million in grants to 475 grantees. In fiscal year 2023, the foundation made grants totaling approximately $8 million across 218+ grants.
Grant Range
s
Review Cycle
**
How to Apply
The foundation accepts letter applications without requiring specific forms. Applicants should submit:
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Geographic Focus
Where this funder awards grants
The foundation has a primary focus on the Richmond, Virginia area, particularly for performing arts funding. However, grants are also made nationally, with recent grants to organizations in Virginia, California, Pennsylvania, and Georgia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $251,748,295
- Total Revenue: $29,772,969
- Total Expenses: $17,485,051
- Net Income: $12,287,918
- Charitable Disbursements: $15,565,106
Revenue Sources (2024):
- Dividends: $5,611,440
- Sales of Assets: $24,161,529
As of Fiscal Year 2023:
- Total Assets: $239,474,288
- Total Revenue: $9,750,856
- Total Expenses: $14,260,273
Staffing: The foundation employs 7 staff members.
| 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
Among its reported 2024 grants, the largest include Brite Divinity School ($150,000), Adamah Inc ($140,000), Belton Christian Youth Center ($95,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 1708 GALLERY INC RICHMOND, VA | HELP WITH THE COSTS OF ITS 17TH ANNUAL "INLIGHT RICHMOND" TO BE HELD IN RICHMOND IN NOVEMBER 2024 | $10,000 |
| 1812 PRODUCTIONS INC PHILADELPHIA, PA | GENERAL OPERATING SUPPORT FOR ITS 28TH SEASON (2024-2025) OF LIVE THEATRICAL PRODUCTIONS AND ITS EDUCATIONAL PROGRAMMING PROVIDED AT NO-COST TO TWO PHILADELPHIA PUBLIC SCHOOLS | $10,000 |
| ABBY KELLEY FOSTER HOUSE INC WORCESTER, MA | GENERAL OPERATING EXPENSES FOR ITS PROGRAMS SERVING LOW-INCOME, HOMELESS AND BATTERED WOMEN. | $10,000 |
| ACADEMIE MUSIQUE TEMPLE, TX | HELP WITH THE COSTS OF PRODUCING TWO SUMMER MUSICAL THEATRE WORKSHOPS FOR STUDENTS AGES 8-18. | $25,000 |
| ADAMAH INC NEW YORK, NY | TO HELP WITH THE COSTS OF COHORT 6 OF CLERGY LEADERSHIP INCUBATOR PROGRAM | $140,000 |
| AMERICA MEDIA NEW YORK, NY | HELP WITH THE COST OF ITS "2024 OUTREACH CONFERENCE" | $35,000 |
| AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENC WASHINGTON, DC | TO SUPPORT FOUR (4) SEMINARY GRANTS OF $15,000 EACH FOR SEMINARY PARTICIPATION IN THE CLIMATE SCIENCE IN THEOLOGICAL EDUCATION INITIATIVE AND ADDITIONAL SEMINARY SUPPORT OF $13,000. | $73,000 |
| ART 180 INC RICHMOND, VA | HELP WITH THE COSTS OF ITS PERFORMING ARTS PROGRAMS. | $10,000 |
| ARTREACH INC PHILADELPHIA, PA | HELP WITH ITS CORE PROGRAMS, OFFERING CRITICALLY NEEDED ACCESS TO THE ARTS FOR DISABIITY AND LOW-INCOME COMMUNITIES IN PHILADELPHIA | $13,000 |
| ARTS FOR ALL KENTUCKY INC BOWLING GREEN, KY | HELP WITH THE COST OF PROVIDING ADULTS WITH DISABILITIES IN LOGAN COUNTY A THERAPEUTIC HOBBY OR A CAREER IN THE ARTS. | $1,526 |
Leadership & Key People
Officers and directors from IRS filings
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
**Mary Baldwin University** received a $1,000,000 grant to support updates to Carpenter Academic Hall (2024)
Georgia State Receives $50,000 Grant From E. Rhodes and Leona B. Carpenter Foundation to Advance The Garden Initiative - Georgia State University News - College of Arts and Sciences, Research, University Advancement -**Georgia State University** received a $50,000 grant to advance The Garden Initiative for Black Women's Religious Activism (2023)
Georgia State Receives $50,000 Grant From E. Rhodes and Leona B. Carpenter Foundation to Advance The Garden Initiative - Georgia State University News - College of Arts and Sciences, Research, University Advancement -**South Central Kentucky AHEC** received a $40,000 grant
South Central Kentucky AHEC awarded $40,000 grant from the E. Rhodes and Leona B. Carpenter Foundation | Western Kentucky University**Performance Riverside** received a $40,000 grant
South Central Kentucky AHEC awarded $40,000 grant from the E. Rhodes and Leona B. Carpenter Foundation | Western Kentucky University**Council for Relationships** received a $20,000 grant to expand access to Marriage and Family Therapy training programs
Council for Relationships |CFR Awarded $20,000 to Expand Access to MFT Training ProgramFrequently Asked Questions
What does E Rhodes and Leona B Carpenter Foundation fund?
The foundation supports: • **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 • **LGBTQ+ projects**
How do I apply for a grant from E Rhodes and Leona B Carpenter Foundation?
The foundation is actively making grants and is open for unsolicited proposals. In fiscal year 2024, the foundation distributed approximately $14.4 million in grants to 475 grantees. In fiscal year 2023, the foundation made grants totaling approximately $8 million across 218+ grants. Typical grant awards range from $1,126 to $1,000,000. Recent notable grants include: • Hampden-Sydney College: $3,000,000 (2024) • The Richmond Ballet: $1,600,000 (cumulative) • The Richmond Symphony: $1,100,000 (c…
Where does E Rhodes and Leona B Carpenter Foundation make grants?
The foundation has a primary focus on the Richmond, Virginia area, particularly for performing arts funding. However, grants are also made nationally, with recent grants to organizations in Virginia, California, Pennsylvania, and Georgia.
What size grants does E Rhodes and Leona B Carpenter Foundation award?
In 2024, E Rhodes and Leona B Carpenter Foundation awarded 310 grants totaling $14.4M — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is E Rhodes and Leona B Carpenter Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, E Rhodes and Leona B Carpenter Foundation reported a distributable amount of $14.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is E Rhodes and Leona B Carpenter Foundation's EIN?
E Rhodes and Leona B Carpenter Foundation's EIN (Employer Identification Number) is 51-0155772. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in E Rhodes and Leona B Carpenter 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 June 2026.
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