Manning Family Foundation
The Manning Family Foundation is a private foundation established in 2002 in Virginia and tax-exempt since October 2003. Based in Charlottesville, Virginia, the foundation advances health and healthy communities through strategic grantmaking to 501(c)(3) nonprofit organizations. Over its first twenty years, the foundation awarded more than 300 grants to 110 organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$302.4M
+10.0% YoY
Annual Giving
$13.5M
+0.6% YoY
Grant Count
65
-4.4% YoY
Avg Grant Size
$208K
+5.3% YoY
Mission & Focus Areas
The foundation supports health research and innovation that leads to the development of more effective treatments and ultimately cures for the world's most disruptive diseases. The foundation encourages a spirit of entrepreneurialism to achieve this goal.
The foundation operates with two primary philanthropic focus areas:
Health & Life Sciences Research: The foundation supports research that leads to the development of more effective treatments and cures for the world's most disruptive diseases. The Mannings have focused particularly on supporting research to treat and cure both type 1 and type 2 diabetes.
Local Giving: The foundation supports groups in Charlottesville, Virginia that share its vision of a thriving community, one in which culture can flourish and families prosper.
Grantmaking
Grant Range
approximately $197,584–$198,000
Average Grant
approximately $197,584–$198,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports health research grants nationally throughout the United States. Local grants are restricted to Charlottesville, Virginia. The foundation's funding extends across multiple states including California, New York, Virginia, and others.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $275–$302 million (as of 2023–2024)
Annual Giving: $13.4–$13.6 million
Revenue: $8–$8.4 million (2023–2024)
Expenses: $14.3–$14.6 million (2023–2024)
Total Liabilities: $1,180 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $302,402,755 | $274,981,200 | $253,756,007 |
| Revenue | $8,375,762 | $7,998,437 | $5,624,625 |
| Expenses | $14,263,739 | $14,634,604 | $15,909,141 |
| Qualifying Distributions | $13,685,547 | $13,551,987 | $14,737,810 |
| Net Investment Income | $8,276,722 | $6,715,296 | $4,453,294 |
| Distributable Amount | $14,668,882 | $13,658,293 | $13,482,434 |
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
229 grants across all recorded years
Open Grants
2 open opportunities from Manning Family Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Paul Manning: Founder and President; founder and CEO of PBM Capital, previously founded PBM Products, which became the world's largest private label producer of infant formula
Diane Manning: Co-founder
Heidi Burnette: Grant Director (as of 2023)
The foundation is led by Paul B. Manning, who serves as Director, President, and Treasurer. None of the directors or officers receive compensation for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL B MANNING | DIRECTOR, PRESIDENT, TREASURER | 1 | — |
| DIANE L MANNING | DIRECTOR AND SECRETARY | 1 | — |
| BRADFORD J MANNING | DIRECTOR | 1 | — |
| BRYAN P MANNING | DIRECTOR | 1 | — |
| KAITLYN M HENRY | DIRECTOR | 1 | — |
| RUSSELL T SCHUNDLER | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
In 2023, Paul and Diane Manning made a transformational $100 million gift to the University of Virginia to establish the Paul and Diane Manning Institute of Biotechnology, projected to open in 2026. This gift made headlines as a significant commitment to advancing biotechnology research and innovation.
Refresh Manning Trust awards $8,000 in 2025 grants | News | carrollspaper.comRecent grant recipients include the University of Virginia Health Foundation ($3,060,000 in 2024), Breakthrough T1D/JDRF ($1,500,000 in 2024), and The Affordable Housing Opportunity Fund ($300,000 in 2024).
Manning Family Foundation - Grant Information & Application DetailsSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Manning Family Foundation on Grantable?
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