Fagus Foundation is a private grantmaking foundation established in Virginia and tax-exempt since March 2008. Based in Middleburg, Virginia, the foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple focus areas and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.6M
-7.7% YoY
Annual Giving
$3.9M
+14.8% YoY
Grant Count
17
+13.3% YoY
Avg Grant Size
$227K
+1.3% YoY
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, based on its grantmaking patterns, Fagus Foundation supports initiatives in:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Environmental Education
- Community and school gardens
- Science education
Grantmaking
The foundation accepts new applicants and funded approximately 12% of new applicants in recent activity.
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Geographic Focus
Where this funder awards grants
Fagus Foundation supports projects across multiple U.S. states, with primary focus areas including:
- Virginia
- Maine
- Idaho
- Delaware
- Georgia
- New York
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $24,557,957
- Total Revenue: $2,118,018
- Total Expenses: $4,173,902
- Investment Income and Dividends: $1,006,346
- Net Gain from Sale of Non-Inventory Assets: $1,111,672
As of Fiscal Year 2023:
- Total Assets: $26.6 million
- Total Revenue: $5.27 million
- Total Expenses: $3.86 million
Expense Ratio: 73.2% of total revenue spent on programs
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,557,957 | $26,613,841 | $25,202,993 |
| Revenue | $2,118,018 | $5,273,680 | $1,200,673 |
| Expenses | $4,173,902 | $3,861,104 | $3,035,456 |
| Qualifying Distributions | $4,111,030 | $3,813,047 | $2,951,238 |
| Net Investment Income | $2,112,161 | $3,813,484 | $666,393 |
| Distributable Amount | $1,373,327 | $1,355,554 | $1,694,345 |
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
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- Charles T. Akre Jr. — President, Secretary, and Treasurer
- Alexis A Akre — Director
Leadership operates on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES T AKRE JR | PRES./SEC./TREAS. | 5 | — |
| DEANNA S AKRE | VICE PRESIDENT | 1 | — |
| THOMAS SB AKRE | VICE PRESIDENT | 1 | — |
| ALEXIS A AKRE | VICE PRESIDENT | 5 | — |
| ANDREW C AKRE | VICE PRESIDENT | 1 | — |
Contact Information
Address: PO Box 1540, Middleburg, VA 20118-1540
Phone: 540-326-8954
Subject Areas
Focus areas based on grantmaking activity
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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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