Memorial Foundation for Children

RICHMOND, VA EIN: 54-0536103

Memorial Foundation for Children is a private foundation, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14.7M in total assets. In 2024, it awarded 1 grants totaling $927K. Net investment income was $1.0M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14.7M

+0.9% YoY

Annual Giving

$927K

-4.1% YoY

Grant Count

-80.0% YoY

Avg Grant Size

$927K

+379.3% YoY

Under IRS private-foundation payout rules, Memorial Foundation for Children reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.

About Memorial Foundation for Children

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $4.8M (100%)

States

Virginia

Cities

Richmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,685,954	$14,558,129	$14,654,459
Revenue	$1,167,859	$980,064	$1,365,735
Expenses	$1,030,034	$1,076,394	$1,174,516
Qualifying Distributions	$927,072	$967,150	$1,084,400
Net Investment Income	$1,038,369	$873,487	$1,277,511
Distributable Amount	$1,037,494	$928,255	$960,938

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Open Grants

1 open opportunity from Memorial Foundation for Children

Foundation

Memorial Foundation for Children Grant Program

MEMORIAL FOUNDATION FOR CHILDREN

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached Schedule ($927,072).

Recipient	Purpose	Amount
SEE ATTACHED SCHEDULE RICHMOND, VA	GENERAL	$927,072

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MAGGIE MCGEORGE	PRESIDENT	1	—
SEE ATTACHED SCHEDULE	DIRECTOR	1	—

Frequently Asked Questions

How large is Memorial Foundation for Children?

As of 2024, Memorial Foundation for Children holds $14.7M in total assets with $1.2M in annual revenue. It awarded 1 grants totaling $927K in 2024.

Where does Memorial Foundation for Children operate?

Memorial Foundation for Children has awarded grants in Virginia.

What size grants does Memorial Foundation for Children award?

In 2024, Memorial Foundation for Children awarded 1 grants totaling $927K — an average of about $927K per grant, based on its IRS Form 990 filings.

How much is Memorial Foundation for Children required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Memorial Foundation for Children reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Memorial Foundation for Children's EIN?

Memorial Foundation for Children's EIN (Employer Identification Number) is 54-0536103. IRS Form 990 filing data is available on this page for 2020–2024.