The Genworth Foundation is a private grantmaking foundation established in 2005 and based in Glen Allen, Virginia. As a company-sponsored foundation, it operates as a 501(c)(3) organization committed to improving communities where Genworth and its employees live and work through philanthropic investments and community engagement.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+11.2% YoY
Annual Giving
$2.8M
-1.4% YoY
Grant Count
23
-25.8% YoY
Avg Grant Size
$120K
+33.0% YoY
Under IRS private-foundation payout rules, Genworth Foundation reported a distributable amount of $122K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on being a catalyst for community change through strategic philanthropic grants. The foundation focuses on three primary areas:
- Healthy Aging and Caregiver Support — Programs designed to address the needs of older adults and those who care for them
- Affordable Housing and Homelessness — Initiatives addressing housing insecurity and homelessness
- Education — Programs that support educational advancement
- Basic Needs — Support for fundamental community needs
- Sustainability and Environmental Awareness — Opportunities to invest in environmental programs
The foundation is also guided by the interests and passions of Genworth employees in considering funding requests.
Grantmaking
The Genworth Foundation makes direct philanthropic investments in the form of grants to nonprofit organizations serving communities aligned with the foundation's focus areas. As of the most recent data available, the foundation has distributed more than $35 million to nonprofits since its establishment.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds communities where Genworth and its employees live and work, with a particular emphasis on Central Virginia and surrounding regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Recent Financial Data (2023):
- Revenue: $3.16 million
- Expenses: $2.91 million
- Total Assets: $2.71 million
- Total Liabilities: $53,000
The foundation maintains modest but stable financial resources to support its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,011,708 | $2,707,805 | $2,412,831 |
| Revenue | $3,103,744 | $3,155,368 | $81,380 |
| Expenses | $2,821,341 | $2,907,594 | $1,539,260 |
| Qualifying Distributions | $2,811,941 | $2,851,793 | $1,533,614 |
| Net Investment Income | $97,944 | $149,567 | $17,020 |
| Distributable Amount | $121,648 | $190,290 | $153,298 |
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
124 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Blackbaud Giving Fund ($2,538,222), UNC Chapel Hill Gift Clearing - IMRII ($150,000), Project Homes ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Blackbaud Giving Fund CHARLESTON, SC | GENERAL SUPPORT GRANT | $2,538,222 |
| AIR FORCE ASSISTANCE FUND JBSARANDOLPH, TX | GENERAL SUPPORT GRANT | $1,000 |
| ALL FAITHS FOOD BANK INC SARASOTA, FL | GENERAL SUPPORT GRANT | $500 |
| ARMY EMERGENCY RELIEF ARLINGTON, VA | GENERAL SUPPORT GRANT | $1,000 |
| EVANS SCHOLARS FOUNDATION GLENVIEW, IL | GENERAL SUPPORT GRANT | $2,500 |
| FINGER LAKES LAND TRUST INC ITHACA, NY | GENERAL SUPPORT GRANT | $1,000 |
| HABITAT FOR HUMANITY INTERNATIONAL INC ATLANTA, GA | GENERAL SUPPORT GRANT | $500 |
| MISSOURI STATE UNIV FOUNDATION ST JOSEPH, MO | GENERAL SUPPORT GRANT | $2,000 |
| PRAIRIE PUBLIC BROADCASTING INC FARGO, ND | GENERAL SUPPORT GRANT | $1,250 |
| PROMUSICA CHAMBER ORCHESTRA COLUMBUS, OH | GENERAL SUPPORT GRANT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
- Website: www.genworth.com/foundation
- Address: 11011 W Broad Street, Glen Allen, VA 23060-5937
- Telephone: 888-436-9678
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Genworth Foundation fund?
The foundation's mission centers on being a catalyst for community change through strategic philanthropic grants. The foundation focuses on three primary areas: 1. **Healthy Aging and Caregiver Support** — Programs designed to address the needs of older adults and those who care for them 2. **Affordable Housing and Homelessness** — Initiatives addressing housing insecurity and homelessness 3. **Education** — Programs that support educational advancement 4. **Basic Needs** — Support for fundamen…
How do I apply for a grant from Genworth Foundation?
The Genworth Foundation makes direct philanthropic investments in the form of grants to nonprofit organizations serving communities aligned with the foundation's focus areas. As of the most recent data available, the foundation has distributed more than $35 million to nonprofits since its establishment.
Where does Genworth Foundation make grants?
The foundation primarily funds communities where Genworth and its employees live and work, with a particular emphasis on Central Virginia and surrounding regions.
What size grants does Genworth Foundation award?
In 2024, Genworth Foundation awarded 23 grants totaling $2.8M — an average of about $120K per grant, based on its IRS Form 990 filings.
How much is Genworth Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Genworth Foundation reported a distributable amount of $122K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Genworth Foundation's EIN?
Genworth Foundation's EIN (Employer Identification Number) is 20-3370235. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Genworth 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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