Memorial Foundation for Children

Private foundation · Grantmaker 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 grant totaling $927K. Net investment income was $1.0M.

Memorial Foundation for Children at a glance

In short: Memorial Foundation for Children gave $927K across 1 grant in 2024 (avg $927K), mostly in Virginia. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$927,072
-4.1% vs 2023
Grants made (2024)
1
-80.0% vs 2023
Average grant
$927,072
+379.3% vs 2023
Median grant
$927,072
Total assets
$14,685,954
+0.9% vs 2023
Primary geography
Virginia (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

How to apply to Memorial Foundation for Children

Who Memorial Foundation for Children funds

How this funder distributes its grants

Grant Size Distribution

12 grants across all recorded years

7<$50K$50–100K$100–250K$250–500K4$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 7 grants of 12 (58%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Richmond

How Memorial Foundation for Children gives

  • Giving held roughly steady from 2021 to 2024 (+4%). Method
  • In 2024 it paid out 89% 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

$0$500K$1M$1.5M2 grants2020 1 grant2021 3 grants2022 5 grants2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $893K (2021) to $1.1M (2022). In 2024 it made 1 grant totaling $927K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Schedule Richmond, VAGeneral$927,072
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$14,685,954$1,167,859$1,030,034$927,0721$927,072$1,038,369$1,037,494
2023$14,558,129$980,064$1,076,394$967,1505$967,150$873,487$928,255
2022$14,654,459$1,365,735$1,174,516$1,084,4003$1,084,400$1,277,511$960,938
2021$14,463,240$966,748$977,294$893,0001$893,000$877,389$1,078,910
2020$14,473,786$809,148$1,021,934$928,3222—$733,422$919,692

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.

Leadership & Key People

Officers and directors from IRS filings

Memorial Foundation for Children is led by Maggie McGeorge, President on the 2024 filing — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Maggie McGeorge

    President

    New on the 2024 filing

    1 hr/week

    No compensation reported

Former officers (3)
  • Former: Lucille Lindamood (2022–2023) — President
  • Former: Michelle Wiltshire (2021) — President
  • Former: See Atached Schedule (2021) — 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.

Frequently asked questions about Memorial Foundation for Children

How much does Memorial Foundation for Children give each year?

Memorial Foundation for Children gave $927K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $967K across 5 grants.

How large is Memorial Foundation for Children?

Memorial Foundation for Children reported $14.7M in total assets on its 2024 IRS Form 990-PF. It paid out $927K in qualifying distributions that year, against a required minimum of $1.0M (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.

Where does Memorial Foundation for Children operate?

Memorial Foundation for Children has awarded grants in Virginia.

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Memorial Foundation for Children's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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