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
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
No grants recorded for .
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
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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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