Elis Olsson Memorial Foundation
The Elis Olsson Memorial Foundation is a private family foundation established in 1966 and based in West Point, Virginia. The foundation operates as a 501(c)(3) tax-exempt organization with no employees, functioning as a grantmaking entity focused on supporting charitable causes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
+0.2% YoY
Annual Giving
$400K
+0.0% YoY
Grant Count
62
-15.1% YoY
Avg Grant Size
$6K
+17.7% YoY
Under IRS private-foundation payout rules, Elis Olsson Memorial Foundation reported a distributable amount of $542K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Arts
- Education
- Health
- Human Services
- Philanthropy, Voluntarism & Grantmaking
Grantmaking
The foundation distributed $400,000 in total giving according to the most recent 2024 IRS Form 990 filing. A documented grant of $20,000 was awarded to Arts Alive in West Point, Virginia for general purpose support in the 2024-12 tax period.
Average Grant
amount information available in recent filings
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Virginia
- North Carolina
- Florida
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Resources:
- Total assets: $10,032,653 (as of 2024)
- Total liabilities: $0 (as of 2024)
- Total giving: $400,000 (2024)
- Total revenue: $532,000 (2024)
- Total expenses: $506,000 (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,032,653 | $10,012,039 | $10,456,470 |
| Revenue | $532,102 | $61,664 | $-56,815 |
| Expenses | $506,353 | $521,192 | $475,624 |
| Qualifying Distributions | $400,000 | $400,000 | $400,000 |
| Net Investment Income | $428,974 | $148,649 | $92,817 |
| Distributable Amount | $541,922 | $518,704 | $1,713,342 |
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
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Historical Society of West Point ($25,000), Arts Alive Inc ($20,000), The International Women's Fishing Association ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMERS ASSOCIATION - GREATER RICHMOND CHAPTER RICHMOND, VA | GENERAL PURPOSE | $1,000 |
| AMERICAN RED CROSS - BOONE OFFICE BOONE, NC | GENERAL PURPOSE | $14,000 |
| ANGELS OF MERCY MEDICAL CLINIC WILLIAMSBURG, VA | GENERAL PURPOSE | $5,000 |
| ARTS ALIVE INC WEST POINT, VA | GENERAL PURPOSE | $20,000 |
| BEACH FOOD PANTRY INC KITTY HAWK, NC | GENERAL PURPOSE | $5,000 |
| BOYKIN SPANIEL FOUNDATION CAMDEN, SC | GENERAL PURPOSE | $5,000 |
| BOYKIN SPANIEL RESCUE INC BOILING SPRINGS, SC | GENERAL PURPOSE | $1,000 |
| BRAILLE CIRCULATING LIBRARY FOR THE BLIND RICHMOND, VA | GENERAL PURPOSE | $1,000 |
| BRIDGES OF CHANGE NEW KENT, VA | GENERAL PURPOSE | $5,000 |
| CHILDRENS HOSPITAL FOUNDATION RICHMOND, VA | GENERAL PURPOSE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| C ELIS OLSSON | PRESIDENT & CHAIRMAN | — | — |
| SHIRLEY C OLSSON | VICE PRESIDENT & DIRECTOR | — | — |
| LISA O EVERETT | SECRETARY/TREASURER & DIRECTOR | 3 | — |
| ANNE O LOEBS | DIRECTOR | 3 | — |
| INGA O ROGERS | DIRECTOR | 3 | — |
| THELMA L DOWNEY | EXECUTIVE DIRECTOR | 30 | — |
Contact Information
Address: 4170 Tanager Court West Point, VA 23181-9366
Phone: 804-366-2112
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Elis Olsson Memorial Foundation fund?
The foundation's giving priorities include: • Arts • Education • Health • Human Services • Philanthropy, Voluntarism & Grantmaking
How do I apply for a grant from Elis Olsson Memorial Foundation?
**Grant Amounts:** • Typical awards range from $595 to $25,000 • Average grant amount information available in recent filings **Recent Activity:** The foundation distributed $400,000 in total giving according to the most recent 2024 IRS Form 990 filing. A documented grant of $20,000 was awarded to Arts Alive in West Point, Virginia for general purpose support in the 2024-12 tax period.
Where does Elis Olsson Memorial Foundation make grants?
The foundation primarily funds organizations in: • Virginia • North Carolina • Florida
What size grants does Elis Olsson Memorial Foundation award?
In 2024, Elis Olsson Memorial Foundation awarded 62 grants totaling $400K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Elis Olsson Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Elis Olsson Memorial Foundation reported a distributable amount of $542K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Elis Olsson Memorial Foundation's EIN?
Elis Olsson Memorial Foundation's EIN (Employer Identification Number) is 54-6062436. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Elis Olsson Memorial 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 April 2026.
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