Fredericksburg Savings Charitable

FREDERICKSBURG, VA EIN: 54-1913172

Fredericksburg Savings Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FREDERICKSBURG, VA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grants totaling $6.6M.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$6.6M

+848.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6.6M

+848.6% YoY

Under IRS private-foundation payout rules, Fredericksburg Savings Charitable reported a distributable amount of $24K for 2021 — the minimum it must pay out in qualifying distributions.

About Fredericksburg Savings Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $7.2M (100%)

States

Virginia

Cities

Fredericksburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	—	$6,562,432
Revenue	$3	$542,973
Expenses	$6,562,435	$709,802
Qualifying Distributions	$6,552,675	—
Net Investment Income	—	$533,322
Distributable Amount	$23,545	$517,614

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2021

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include The Community Foundation of Rappahannock River Region Inc ($6,550,326).

Recipient	Purpose	Amount
THE COMMUNITY FOUNDATION OF RAPPAHANNOCK RIVER REGION INC FREDERICKSBURG, VA	DONATION OF ALL ASSETS, INCLUDING CASH AND SECURITIES, TO DISSOLVE THE FREDERICKSBURG SAVINGS CHARITABLE FOUNDATION. THE ENTITY IS TERMINATING ITS PRIVATE FOUNDATION STATUS UNDER SECTION 504(B)(1)(A) WITH A TRANSFER OF ASSETS TO A PUBLIC CHARITY. THE FAIR MARKET VALUE OF THE ASSETS CONTRIBUTED WERE APPROXIMATELY $12,592,665 WITH A COST BASIS OF $6,550,326.	$6,550,326

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
REV JOSEPH H HENSLEY JR	DIRECTOR	—	—
SAMUEL C HARDING JR	DIRECTOR	—	—
ERNEST N DONAHOE	DIRECTOR	—	—
O'CONNER G ASHBY	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Fredericksburg Savings Charitable?

Fredericksburg Savings Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FREDERICKSBURG, VA. It holds — in total assets as of 2021.

Where does Fredericksburg Savings Charitable operate?

Fredericksburg Savings Charitable has awarded grants in Virginia.

What size grants does Fredericksburg Savings Charitable award?

In 2021, Fredericksburg Savings Charitable awarded 1 grants totaling $6.6M — an average of about $6.6M per grant, based on its IRS Form 990 filings.

How much is Fredericksburg Savings Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Fredericksburg Savings Charitable reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Fredericksburg Savings Charitable's EIN?

Fredericksburg Savings Charitable's EIN (Employer Identification Number) is 54-1913172. IRS Form 990 filing data is available on this page for 2020–2021.