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.
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
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 |
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 include Eastern Shore Rural Health System ($25,000), Eastern Shore Community Foundation ($15,000), Norfolk Academy ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BARRIER ISLAND CENTER MACHIPONGO, VA | TO PRESERVE AND PERPETUATE THE UNIQUE CULTURE AND HISTORY OF VIRGINIA'S BARRIER ISLANDS. | $1,000 |
| CHILDRENS HOSPITAL OF THE KING'S DAUGHTERS NORFOLK, VA | PROVIDE HEALTHCARE TO CHILDREN. | $5,000 |
| EASTERN SHORE COMMUNITY FOUNDATION MELFA, VA | TO ENRICH THE LIVES OF THE PEOPLE OF VIRGINIA'S EASTERN SHORE. | $15,000 |
| EASTERN SHORE HISTORICAL SOCIETY ONANCOCK, VA | GENERAL SUPPORT | $1,000 |
| EASTERN SHORE RURAL HEALTH SYSTEM ONANCOCK, VA | ENHANCING THE QUALITY OF LIFE FOR THE PEOPLE ON THE EASTERN SHORE. | $25,000 |
| EASTERN SHORE'S OWN ART CENTER BELLE HAVEN, VA | PROVIDE OPPORTUNITIES FOR LOCAL ARTISTS TO TEACH, PRACTICE, PERFORM, AND TO MAKE THE ARTS AVAILABLE. | $1,000 |
| EASTERN VIRGINIA MEDICAL SCHOOL NORFALK, VA | GENERAL SUPPORT. | $1,000 |
| FOODBANK OF SOUTHEASTERN VIRGINIA NORFALK, VA | TO HELP FEED THOSE IN NEED. | $5,000 |
| FRANCIS ASBURY METHODIST CHURCH VIRGINIA BEACH, VA | TO GIVE BACK TO THE LOCAL COMMUNITY THROUGH VARIOUS ASSISTANCE PROGRAMS. | $2,000 |
| HAMPDEN SYDNEY COLLEGE HAMPDEN, VA | PROVIDE EDUCATION TO MEN AT THE COLLEGE. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Payne Family Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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