George and Carol Olmsted Foundation
The George and Carol Olmsted Foundation is a private, independent foundation incorporated in Virginia in 1960 and headquartered in Falls Church, Virginia. The foundation is designated as a 501(c)(3) organization, making donations tax-deductible. The foundation operates with a staff of 21 employees and maintains operations across six countries.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$48.5M
+5.3% YoY
Annual Giving
$1.2M
+14.6% YoY
Grant Count
69
-4.2% YoY
Avg Grant Size
$17K
+19.6% YoY
Mission & Focus Areas
The foundation's primary objective is to support programs designed to contribute to the nation's security by providing potential leaders with comprehensive education, knowledge, and understanding of the political, economic, and military factors involved in international relations.
The foundation's core initiative is the Olmsted Scholar Program, established in 1959. This three-year program challenges top-performing, career-minded junior officers to gain a broader understanding of the world and develop a strategic perspective on international relations. The program provides opportunities to:
- Master a foreign language
- Pursue privately-funded graduate studies abroad
- Gain exposure to diverse perspectives on international relations
- Continue service on active duty in the military
The foundation supports active duty regular line officers, service academy cadets, and ROTC cadets. The foundation does not support civilian personnel.
The Olmsted Scholar Program promotes American leadership around the world and advances the interests of the United States. Olmsted Scholars have commanded at all echelons of the Armed Forces, including at the Combatant Command level, and are selected for senior leadership at significantly higher rates than Service norms or other graduate education programs.
Grantmaking
Grant Range
$124–$315,000
Average Grant
amount: Approximately $124–$200,000
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Geographic Focus
Where this funder awards grants
The foundation's grant-making focuses primarily on Virginia, Vermont, and South Carolina. The foundation also operates internationally, with presence in Italy, Thailand, Bulgaria, Brazil, and Peru.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $46,049,159–$48,490,520
- Total revenue: $1,815,568
- Total expenses: $2,664,935
- Total liabilities: $1,090,000
Financial Trends:
- Revenue (2023): $1.82M
- Expenses (2023): $2.66M
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $48,490,520 | $46,049,159 | $42,983,087 |
| Revenue | $3,913,058 | $1,815,568 | $2,147,522 |
| Expenses | $2,747,772 | $2,664,935 | $2,272,858 |
| Qualifying Distributions | $2,322,894 | $2,168,478 | $2,300,492 |
| Net Investment Income | $3,680,767 | $1,525,081 | $1,916,826 |
| Distributable Amount | $2,306,473 | $2,155,577 | $2,254,322 |
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
250 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
Executive Leadership:
- Bruce K. Scott – President (40 hours/week, $274,260)
- Mark B. Elfendahl – Executive Vice President (40 hours/week, $203,800)
- Sean J. Cosden – Vice President (40 hours/week, $164,000)
Board of Directors:
- James G. Foggo – Chairman (1 hour/week, $8,000)
- Kurt W. Tidd – Director (1 hour/week, $8,000)
- Kristie A. Kenney – Director (1 hour/week, $8,000)
- Steven M. Shepro – Director (1 hour/week, $8,000)
- Patrick J. Donahue – Director (1 hour/week, $8,000)
- Nadja Y. West – Director (1 hour/week, $8,000)
- Robert A. Gleckler – Director (1 hour/week, $8,000)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE K SCOTT | PRESIDENT | 40 | $287,970 |
| MARK B ELFENDAHL | EXECUTIVE VICE PRESIDENT | 40 | $209,790 |
| SEAN J COSDEN | VICE PRESIDENT | 40 | $168,000 |
| JAMES G FOGGO | CHAIRMAN | 1 | $9,200 |
| KURT W TIDD | DIRECTOR | 1 | $9,200 |
| KRISTIE A KENNEY | DIRECTOR | 1 | $9,200 |
| STEVEN M SHEPRO | DIRECTOR | 1 | $9,200 |
| PATRICK J DONAHUE | DIRECTOR | 1 | $9,200 |
| NADJA Y WEST | DIRECTOR | 1 | $9,200 |
| ROBERT A GLECKLER | DIRECTOR | 1 | $9,200 |
| MICHAL POLIDOR | DIRECTOR | 1 | $9,200 |
| JONATHAN AHLSTROM | DIRECTOR | 1 | $9,200 |
| EDWARD V HOLTON | DIRECTOR | 1 | $9,200 |
Contact Information
- Address: 80 East Jefferson Street, Suite 300B, Falls Church, VA 22046-3566
- Phone: (703) 536-3500
- Website: olmstedfoundation.org
- EIN: 54-6049005
- Tax-exempt status: Since November 1960
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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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