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
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
No grants recorded for .
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
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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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