Fagus Foundation
Fagus Foundation is a private foundation based in Middleburg, Virginia. Its 2024 filing reports grants to charitable organizations working in areas including public broadband and schools, health care, conservation, emergency assistance, education, and community support.
Fagus Foundation at a glance
In short: Fagus Foundation gave $3.9M across 17 grants in 2024 (avg $227K), mostly in Virginia. 12% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,861,370
- +14.8% vs 2023
- Grants made (2024)
- 17
- +13.3% vs 2023
- Average grant
- $227,139
- +1.3% vs 2023
- Median grant
- $70,000
- Total assets
- $24,557,957
- -7.7% vs 2023
- New grantees (estimate)
- 12% first-time grantees (2 of 17, 2024; small sample)
- Primary geography
- Virginia (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Fagus Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests; it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: PO Box 1540, Middleburg, VA 20118
Phone: (540) 326-8954
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fagus Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rappahannock County Broadband Authority ($1.8M). Together the top 10 received $3.7M.
Grant Size Distribution
94 grants across all recorded years
The most common grant size was under $50K: 31 grants of 94 (33%).
Geographic Focus
Where this funder awards grants
In 2024, 83% of grant dollars went to recipients in Virginia and 13% to recipients in Maine. The remaining shares went to Georgia (2%), Idaho (1%), and Washington, DC (0%).
Grant Distribution by State
Share of 2024 grant dollars across all 17 itemized grants.
Cities
Is Fagus Foundation open to new grantees?
12%
first-time grantees, 2024
In 2024, 2 of 17 grantees (12%) were first-time recipients. With only 17 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $55K; repeat grants $250K. How we count
Medians: $55K first-time, $70K repeat.
- 76% of 2024 grantees were also funded in 2023. Method
- Giving grew 86% from 2021 to 2024. Method
- In 2024 it paid out 299% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.1M (2021) to $3.9M (2024). In 2024 it made 17 grants totaling $3.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rappahannock County Broadband Authority Washington, VA | Support of Public Broadband Authority | $1,770,000 |
| Rappahannock County Public Schools Washington, VA | Support of Public Schools | $518,000 |
| Smithsonian Conservation Biology Institute Front Royal, VA | Charitable Support | $500,000 |
| Coastal Maine Botanical Gardens Boothbay, ME | Charitable Support | $250,000 |
| Fauquier Free Clinic Inc Warrenton, VA | Charitable Support | $200,000 |
| Knox County Homeless Coalition Rockland, ME | Charitable Support | $160,000 |
| Piedmont Environmental Council Inc Warrenton, VA | Charitable Support | $100,000 |
| Earth University Foundation Atlanta, GA | Charitable Support | $85,370 |
| Area Interfaith Outreach Rockland, ME | Charitable Support | $70,000 |
| Little Sister's Fund Ketchum, ID | Charitable Support | $50,000 |
Ready to take the next step with Fagus Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $24,557,957 | $2,118,018 | $4,173,902 | $3,861,370 | 17 | $4,111,030 | $2,112,161 | $1,373,327 |
| 2023 | $26,613,841 | $5,273,680 | $3,861,104 | $3,362,272 | 15 | $3,813,047 | $3,813,484 | $1,355,554 |
| 2022 | $25,202,993 | $1,200,673 | $3,035,456 | $2,359,902 | 19 | $2,951,238 | $666,393 | $1,694,345 |
| 2021 | $27,037,794 | $3,612,322 | $2,515,748 | $2,072,752 | 18 | $2,478,067 | $2,085,221 | $1,808,241 |
| 2020 | $25,941,297 | $22,930,562 | $2,491,836 | $2,127,652 | 25 | — | $115,646 | $512,171 |
Under IRS private-foundation payout rules, Fagus Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied missions. For example, Coastal Maine Botanical Gardens says its mission is to connect people with nature and promote plant conservation through horticulture, education, and plant science. Fauquier Free Clinic says it offers medical, dental, and mental health care to residents who lack appropriate alternatives. Area Interfaith Outreach says it supports people in need in Knox County, Maine, with food and energy assistance.
Grantmaking
In 2024, the foundation made 17 grants totaling $3,861,370. Awards ranged from $5,000 to $1,770,000, with a median grant of $70,000. The largest grants included $1,770,000 to Rappahannock County Broadband Authority for support of a public broadband authority; $518,000 to Rappahannock County Public Schools for support of public schools; and $500,000 to the Smithsonian Conservation Biology Institute for charitable support. Other grants included $250,000 to Coastal Maine Botanical Gardens, $200,000 to Fauquier Free Clinic, and $160,000 to Knox County Homeless Coalition.
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Charles T Akre Jr as president, secretary, and treasurer. Deanna S Akre, Thomas SB Akre, Alexis A Akre, and Andrew C Akre are listed as vice presidents.
Fagus Foundation is led by Charles T. Akre Jr., President, Secretary & Treasurer on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles T. Akre Jr.
President, Secretary & Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Alexis A. Akre
Vice President
On filings since 2020
5 hrs/week
$31K (2020) → $0 (2024)
Andrew C. Akre
Vice President
On filings since 2020
1 hr/week
No compensation reported
Deanna S. Akre
Vice President
On filings since 2020
1 hr/week
No compensation reported
Thomas Sb Akre
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $75K, to Alexis a Akre (Vice President).
Frequently asked questions about Fagus Foundation
How much does Fagus Foundation give each year?
Fagus Foundation gave $3.9M across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.4M across 15 grants.
What is Fagus Foundation's typical grant size?
Fagus Foundation's median grant in 2024 was $70,000, and its average grant was $227,139, across 17 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Fagus Foundation that year got $55K on average.
Where does Fagus Foundation give grants?
Fagus Foundation gives mostly in Virginia: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maine (13%). The most frequent recipient cities were Washington, VA (3 grants), Warrenton, VA (3 grants), Rockland, ME (3 grants) and Sperryville, VA (2 grants).
Does Fagus Foundation give general operating support?
Not in 2024: none of the 17 grants with a stated purpose on Fagus Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Support" (15 grants).
Who are Fagus Foundation's largest grantees?
Fagus Foundation's largest 2024 grantees include Rappahannock County Broadband Authority ($1,770,000), Rappahannock County Public Schools ($518,000) and Smithsonian Conservation Biology Institute ($500,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Fagus Foundation?
Fagus Foundation reported $24.6M in total assets on its 2024 IRS Form 990-PF. It paid out $4.1M in qualifying distributions that year, against a required minimum of $1.4M (roughly 5% of its investment assets).
What does Fagus Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied missions. For example, Coastal Maine Botanical Gardens says its mission is to connect people with nature and promote plant conservation through horticulture, education, and plant science. See mission & focus areas ↑
How do I apply for a grant from Fagus Foundation?
The foundation does not accept unsolicited requests; it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Fagus Foundation's EIN?
Fagus Foundation's EIN (Employer Identification Number) is 26-1812101. IRS Form 990 filing data is available on this page for 2020–2024.
Does Fagus Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Fagus Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Fagus Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/fagus-foundation-morg_d1021a37bae74e03b1232177ec105973
BibTeX
@misc{grantable_261812101_2026,
author = {{Grantable}},
title = {{Fagus Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fagus-foundation-morg_d1021a37bae74e03b1232177ec105973},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Fagus Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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