Joan and Morgan Massey Foundation
The Joan and Morgan Massey Foundation is a private foundation based in Richmond, Virginia. Its 2024 filing lists grants to Virginia organizations, including educational, research, cultural, and youth-serving institutions.
Key facts about Joan and Morgan Massey Foundation
In short: Joan and Morgan Massey Foundation gave $475K across 10 grants in 2024 (avg $48K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- EIN
- 46-2864841
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $475,000
- Grants made (2024)
- 10
- Average grant
- $47,500
- Median grant
- $50,000
- Total assets
- $9,199,715
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- How to apply
- The filing says to apply by letter, contact Craig L. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.2M
-8.6% YoY
Annual Giving
$475K
+0.0% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$48K
-10.0% YoY
Under IRS private-foundation payout rules, Joan and Morgan Massey Foundation reported a distributable amount of $537K for 2024 — the minimum it must pay out in qualifying distributions.
How Joan and Morgan Massey Foundation gives
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its 2024 grants include support for engineering research and programs, medical research, science and technology education, scouting, and teacher leadership.
The Science Museum of Virginia Foundation describes itself as the private fundraising partner of the Science Museum of Virginia, whose stated purpose is to raise public understanding of science and technology throughout the Commonwealth. The University of Richmond describes its mission as educating students in a challenging, collaborative academic community and preparing them for lives of purpose, inquiry, and responsible leadership.
Grantmaking
In 2024, the foundation reported 10 grants totaling $475,000. Grants ranged from $25,000 to $100,000, with a median of $50,000.
The largest grant was $100,000 to the VCU College of Engineering Foundation for Dr. Boyan’s research. Other grants included $50,000 each to the Boy Scouts of America Heart of VA Council for Eagle Scout and scout programs; the MCV Foundation for Parkinson’s at-home monitoring; the Science Museum of Virginia Foundation for The Forge and The MIX; the University of Richmond for its Richmond Innovation Fellows Program; the VCU College of Engineering Foundation for the Medicines for All Institute; and the Virginia Military Institute Foundation for the General Peay Endowment Fund. The University of Virginia School of Engineering, Virginia Institute of Marine Science, and George C. Marshall Foundation each received $25,000 for the E. Morgan Massey Dean’s Discovery Fund, the Dean & Directors Innovation Fund, and the Teacher Leadership Program, respectively.
How to Apply
The filing says to apply by letter, contact Craig L. Massey, and that awards are restricted to 501(c)(3) organizations. It also states that the foundation does not restrict giving to preselected organizations.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $375K (2020) to $475K (2024). In 2024 it made 10 grants totaling $475K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was VCU College of Engineering Foundation ($150K across 2 grants). Together the top 9 received $475K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was in the $50–100K range: 36 grants of 43 (84%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| VCU College of Engineering Foundation Richmond, VA | Dr Boyan's Research | $100,000 |
| Boy Scouts of America Heart of Va Council Richmond, VA | Eagle Scout & Scout Programs | $50,000 |
| MCV Foundation Richmond, VA | Parkinson's at-Home Monitoring | $50,000 |
| Science Museum of Virginia Foundation Richmond, VA | The Forge & the Mix | $50,000 |
| University of Richmond Richmond, VA | Richmond Innovation Fellows Program | $50,000 |
| VCU College of Engineering Foundation Richmond, VA | Medicines for All Institute | $50,000 |
| Virginia Military Institute Foundation Lexington, VA | General Peay Endowment Fund | $50,000 |
| University of Virginia School of Engineering Charlottesville, VA | E Morgan Massey Dean's Discovery Fund | $25,000 |
| Virginia Institute of Marine Science Gloucester Point, VA | Dean & Directors Innovation Fund | $25,000 |
| George C Marshall Foundation Lexington, VA | Teacher Leadership Program | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $9,199,715 | −$160,022 | $704,452 | $475,000 (10 grants) |
| 2023 | $10,063,636 | $618,763 | $690,961 | $475,000 (9 grants) |
| 2022 | $10,141,793 | $1,610,141 | $625,717 | $450,000 (8 grants) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,199,715 | $10,063,636 | $10,141,793 |
| Revenue | $-160,022 | $618,763 | $1,610,141 |
| Expenses | $704,452 | $690,961 | $625,717 |
| Qualifying Distributions | $485,678 | $487,935 | $455,186 |
| Net Investment Income | — | $485,991 | $1,533,629 |
| Distributable Amount | $537,459 | $470,645 | $476,296 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sky Massey as board chair; Craig L. Massey as president; Jose Mendoza as chief financial officer; and Andrea C. Glasgow as secretary. It also lists Maureen Denlea, Susan Massey, and J. H. Binford Peay III as directors.
Joan and Morgan Massey Foundation is led by Craig L. Massey, President since 2021 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Craig L. Massey
President
Vice President → President, 2021
On filings since 2020
1 hr/week
No compensation reported
Sky Massey
Board Chair
Director → Board Chair, 2021
On filings since 2020
1 hr/week
No compensation reported
Maureen Denlea
Director
On filings since 2020
No compensation reported
J. H. Binford Peay III
Director
On filings since 2021
No compensation reported
Susan Massey
Director
On filings since 2021
No compensation reported
Andrea C. Glasgow
Secretary
On filings since 2020
1 hr/week
No compensation reported
Jose Mendoza
Chief Financial Officer
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: David H. Few (2020–2022) — Chief Financial Officer
- Former: E. Morgan Massey (2020) — President & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Craig L Massey
Mailing address: 5002 Monument Avenue Massey Bldg, Richmond, VA 23230
Phone: (804) 648-1611
Frequently asked questions about Joan and Morgan Massey Foundation
How much does Joan and Morgan Massey Foundation give each year?
Joan and Morgan Massey Foundation gave $475K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $475K across 9 grants.
What is Joan and Morgan Massey Foundation's typical grant size?
Joan and Morgan Massey Foundation's median grant in 2024 was $50,000, and its average grant was $47,500, across 10 grants on its 2024 IRS Form 990-PF.
Where does Joan and Morgan Massey Foundation give grants?
Joan and Morgan Massey Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (6 grants) and Lexington, VA (2 grants).
Does Joan and Morgan Massey Foundation give general operating support?
Yes: 10% of Joan and Morgan Massey Foundation's 2024 grants with a stated purpose (1 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Joan and Morgan Massey Foundation's largest grantees?
Joan and Morgan Massey Foundation's largest 2024 grantees include VCU College of Engineering Foundation ($150,000 across 2 grants), Boy Scouts of America Heart of Va Council ($50,000) and MCV Foundation ($50,000), according to its 2024 IRS Form 990-PF. Together they received 53% of its itemized 2024 grant dollars.
How large is Joan and Morgan Massey Foundation?
Joan and Morgan Massey Foundation reported $9.2M in total assets on its 2024 IRS Form 990-PF. It paid out $486K in qualifying distributions that year, against a required minimum of $537K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Joan and Morgan Massey Foundation fund?
No foundation mission statement is provided. Its 2024 grants include support for engineering research and programs, medical research, science and technology education, scouting, and teacher leadership. See mission & focus areas ↑
How do I apply for a grant from Joan and Morgan Massey Foundation?
The filing says to apply by letter, contact Craig L. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Joan and Morgan Massey Foundation's EIN?
Joan and Morgan Massey Foundation's EIN (Employer Identification Number) is 46-2864841. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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