Kip Kephart Foundation
Kip Kephart Foundation is a private foundation based in Richmond, Virginia. Its 2025 filing reports 10 grants totaling $20,645, all to recipients in Virginia.
Kip Kephart Foundation at a glance
In short: Kip Kephart Foundation gave $21K across 10 grants in 2025 (avg $2K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,645
- -29.8% vs 2024
- Grants made (2025)
- 10
- +11.1% vs 2024
- Average grant
- $2,065
- -36.8% vs 2024
- Median grant
- $1,250
- Total assets
- $864,960
- -7.0% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Kip Kephart Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations. No application process or materials are specified.
- Contact
Mailing address: PO Box 7315, Richmond, VA 23221-0315
Phone: (804) 370-9467
Website: https://kephartfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Kip Kephart Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Virginia Historical Society ($8K). Together the top 9 received $20K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
How Kip Kephart Foundation gives
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2022 it paid out 64% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $14K (2021) to $42K (2020). In 2025 it made 10 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Historical Society Richmond, VA | Donation | $7,500 |
| VCU Richmond, VA | Donations | $5,200 |
| Richmond Ballet Richmond, VA | Donation | $2,000 |
| Surry Elementary School Dendron, VA | Donation | $1,300 |
| University of Richmond Richmond, VA | Donation | $1,250 |
| Valentine Richmond History Center Richmond, VA | Donation | $1,250 |
| Heritage Library New Kent, VA | Donation | $1,018 |
| New Kent County New Kent, VA | Donation | $570 |
| Charles City Schools Charles City, VA | Donation | $300 |
| Various New Kent, VA | Donation | $257 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $864,960 | $532 | $65,580 | $20,645 | 10 | — | — | $11,874 |
| 2024 | $930,008 | $184 | $76,474 | $29,415 | 9 | — | — | $18,813 |
| 2023 | $823,523 | $78,375 | $93,644 | $32,898 | 9 | — | — | $19,718 |
| 2022 | $1,533,238 | $19,656 | $58,386 | $25,224 | 13 | $33,564 | — | $52,221 |
| 2021 | $1,567,018 | $84,166 | $102,165 | $13,500 | 5 | — | $69,267 | $51,258 |
| 2020 | $1,560,262 | $73,005 | $98,902 | $41,806 | 28 | — | $5,682 | $61,749 |
Under IRS private-foundation payout rules, Kip Kephart Foundation reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2025 grants went to organizations including a historical society, a university, a ballet organization, schools, a history center, and a library. The Virginia Historical Society describes its mission as connecting people to America’s past through Virginia’s history, while the University of Richmond describes its mission as educating students in a challenging, collaborative community and preparing them for lives of purpose, inquiry, and responsible leadership.
Grantmaking
In 2025, the foundation made 10 grants totaling $20,645. Grants ranged from $257 to $7,500, with a median grant of $1,250.
The largest 2025 grants were $7,500 to the Virginia Historical Society, $5,200 to VCU, and $2,000 to Richmond Ballet. Other listed grants included $1,300 to Surry Elementary School, $1,250 each to the University of Richmond and Valentine Richmond History Center, $1,018 to Heritage Library, $570 to New Kent County, $300 to Charles City Schools, and $257 to Various.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Steve Rula Jr as president, Geraldine Hall as treasurer, and Neil S Kessler as secretary.
Kip Kephart Foundation is led by Steve Rula Jr., President on filings since 2020; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Steve Rula Jr.
President
On filings since 2020
10 hrs/week
$12K (2020) → $17K (2025)
Geraldine Hall
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Neil S Kessler
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $17K, to Steve Rula Jr (President).
Frequently asked questions about Kip Kephart Foundation
How much does Kip Kephart Foundation give each year?
Kip Kephart Foundation gave $21K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $29K across 9 grants.
What is Kip Kephart Foundation's typical grant size?
Kip Kephart Foundation's median grant in 2025 was $1,250, and its average grant was $2,065, across 10 grants on its 2025 IRS Form 990-PF.
Where does Kip Kephart Foundation give grants?
Kip Kephart Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (5 grants) and New Kent, VA (3 grants).
Does Kip Kephart Foundation give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Kip Kephart Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (9 grants).
Who are Kip Kephart Foundation's largest grantees?
Kip Kephart Foundation's largest 2025 grantees include Virginia Historical Society ($7,500), VCU ($5,200) and Richmond Ballet ($2,000), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Kip Kephart Foundation?
Kip Kephart Foundation reported $865K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $532.
What does Kip Kephart Foundation fund?
The available information does not state a mission for the foundation. Its 2025 grants went to organizations including a historical society, a university, a ballet organization, schools, a history center, and a library. See mission & focus areas ↑
How do I apply for a grant from Kip Kephart Foundation?
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Kip Kephart Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Kip Kephart Foundation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kip Kephart Foundation's EIN?
Kip Kephart Foundation's EIN (Employer Identification Number) is 54-1890463. IRS Form 990 filing data is available on this page for 2020–2025.
Does Kip Kephart Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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