Payne Family Charitable Foundation
Payne Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 23 grants totaling $95K. Net investment income was $113K.
Key facts about Payne Family Charitable Foundation
- EIN
- 81-0924377
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $95,000
- Grants made (2024)
- 23
- Average grant
- $4,130
- Median grant
- $1,500
- New grantees (estimate)
- 13% first-time grantees (3 of 23, 2024)
- Total assets
- $1,873,534
- Primary geography
- Virginia (93% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Payne Family Charitable Foundation funds
By grant dollars, the top recipient states for Payne Family Charitable Foundation's 23 itemized 2024 grants were Virginia (93%) and Pennsylvania (5%). The most frequent recipient cities were Norfolk, VA (3 grants), Virginia Beach, VA (3 grants), Onancock, VA (2 grants) and Norfalk, VA (2 grants). 26% of grants with a stated purpose were for general or operating support.
Is Payne Family Charitable Foundation open to new grantees?
13%
first-time grantees, 2024
In 2024, 3 of 23 grantees (13%) were first-time recipients. First grants averaged $1K; repeat grants $5K. How we count
Medians: $2K first-time, $2K repeat.
- 83% of 2024 grantees were also funded in 2023. Method
- Giving grew 171% from 2021 to 2024. Method
- In 2024 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Payne Family Charitable Foundation
- How to evaluate Payne Family Charitable Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+16.9% YoY
Annual Giving
$95K
+115.9% YoY
Grant Count
23
+15.0% YoY
Avg Grant Size
$4K
+87.7% YoY
Under IRS private-foundation payout rules, Payne Family Charitable Foundation reported a distributable amount of $85K for 2024 — the minimum it must pay out in qualifying distributions.
About Payne Family Charitable Foundation
Based on IRS filings
Payne Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 23 grants totaling $95K. Net investment income was $113K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 23 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,873,534 | $1,602,686 | $1,449,358 |
| Revenue | $147,863 | $65,165 | $487,288 |
| Expenses | $119,667 | $53,352 | $60,840 |
| Qualifying Distributions | $100,433 | $44,000 | $54,275 |
| Net Investment Income | $113,117 | $53,995 | $33,111 |
| Distributable Amount | $84,684 | $74,991 | $53,154 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Eastern Shore Rural Health System ($25,000), Eastern Shore Community Foundation ($15,000), Norfolk Academy ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EASTERN SHORE RURAL HEALTH SYSTEM Onancock, VA | ENHANCING THE QUALITY OF LIFE FOR THE PEOPLE ON THE EASTERN SHORE. | $25,000 |
| EASTERN SHORE COMMUNITY FOUNDATION Melfa, VA | TO ENRICH THE LIVES OF THE PEOPLE OF VIRGINIA'S EASTERN SHORE. | $15,000 |
| NORFOLK ACADEMY Norfolk, VA | PROVIDE EDUCATION TO STUDENTS. | $15,000 |
| CHILDRENS HOSPITAL OF THE KING'S DAUGHTERS Norfolk, VA | PROVIDE HEALTHCARE TO CHILDREN. | $5,000 |
| FOODBANK OF SOUTHEASTERN VIRGINIA Norfalk, VA | TO HELP FEED THOSE IN NEED. | $5,000 |
| HAMPDEN SYDNEY COLLEGE Hampden, VA | PROVIDE EDUCATION TO MEN AT THE COLLEGE. | $5,000 |
| SHRINERS HOSPITAL FOR CHILDREN Philadelphia, PA | PROVIDE VITAL, PIONEERING TREATMENT FROM BIRTH TO AGE 18. | $5,000 |
| FRANCIS ASBURY METHODIST CHURCH Virginia Beach, VA | TO GIVE BACK TO THE LOCAL COMMUNITY THROUGH VARIOUS ASSISTANCE PROGRAMS. | $2,000 |
| NAVY SEAL FOUNDATION Virginia Beach, VA | GENERAL SUPPORT | $2,000 |
| OCEAN PARK VOLUNTEER RESCUE SQUAD Virginia Beach, VA | TO HELP WITH MEDICAL EMERGENCY ASSISTANCE. | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John W Payne III | Director | — | — |
| Elizabeth Jean Payne | Director | — | — |
| Matthew W Payne | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Payne Family Charitable Foundation?
Payne Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Virginia Beach, VA. It holds $1.9M in total assets as of 2024.
How large is Payne Family Charitable Foundation?
As of 2024, Payne Family Charitable Foundation holds $1.9M in total assets with $148K in annual revenue. It awarded 23 grants totaling $95K in 2024.
Where does Payne Family Charitable Foundation operate?
Payne Family Charitable Foundation has awarded grants in Delaware, Maryland, Pennsylvania, Tennessee, Virginia.
What size grants does Payne Family Charitable Foundation award?
In 2024, Payne Family Charitable Foundation awarded 23 grants totaling $95K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Payne Family Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Payne Family Charitable Foundation reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Payne Family Charitable Foundation's EIN?
Payne Family Charitable Foundation's EIN (Employer Identification Number) is 81-0924377. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.