Robert G Cabell Iii and Maude Morgan
The Cabell Foundation is a private, non-operating foundation established in 1957 by Robert G. Cabell III and Maude Morgan Cabell. Based in Richmond, Virginia, the foundation supports the permanent needs of charitable organizations throughout Virginia, with particular emphasis on agencies in the metro Richmond region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$163.5M
+5.8% YoY
Annual Giving
$7.7M
+13.6% YoY
Grant Count
64
+30.6% YoY
Avg Grant Size
$121K
-13.0% YoY
Mission & Focus Areas
The foundation was established with the belief that it should be responsive to human need in its deliberations and take initiative that would inspire the community to action. Rather than providing token grants broadly across the community, the founders and board recognized the value of focused, strategic support.
The foundation supports a diverse mix of nonprofit institutions across multiple sectors, including:
- Higher education infrastructure
- Cultural arts institutions
- Historic preservation sites
- Environment and conservation initiatives
- Community development efforts
- Social services
Grantmaking
The foundation provides permanent gifts and challenge grants to nonprofit institutions.
Review Cycle
| Application Deadline | Decision Timeline |
Grant Types
How to Apply
**
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Geographic Focus
Where this funder awards grants
Virginia, with particular emphasis on the metro Richmond region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $163,452,405
- Total revenues: $14,596,216
- Total expenses: $8,897,245
- Number of employees: 1
EIN: 54-6039157
IRS Classification: 501(c)(3) private foundation
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $163,452,405 | $154,490,032 | $137,233,253 |
| Revenue | $14,596,216 | $9,882,285 | $8,883,596 |
| Expenses | $8,897,245 | $8,358,211 | $9,729,992 |
| Qualifying Distributions | $7,730,000 | $6,805,000 | $8,625,000 |
| Net Investment Income | $13,854,293 | $9,115,497 | $6,697,460 |
| Distributable Amount | $9,825,438 | $6,853,105 | $6,857,213 |
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
231 grants across all recorded years
Open Grants
1 open opportunity from Robert G Cabell Iii and Maude Morgan
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors:
- Russell Branch
- Margaret H. Cabell
- Read Branch Jr.
- Patteson Branch III, Secretary
- John Branch Cabell, Treasurer
Staff:
- Emily K. Schott, Executive Director
- Jill A. McCormick, Contact Person
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES L CABELL ESQUIRE | DIRECTOR | 1 | — |
| J READ BRANCH JR | DIRECTOR | 1 | — |
| RUSSELL BRANCH | DIRECTOR | 1 | — |
| ELIZABETH CABELL JENNINGS | PRESIDENT | 1 | — |
| PATTESON BRANCH III | SECRETARY | 1 | — |
| JOHN BRANCH CABELL | TREASURER | 1 | — |
| MARY Z ZEUGNER | VICE PRESIDENT | 1 | — |
| SARAH BANE WILLIAMS | EXECUTIVE DIRECTOR | 20 | $90,700 |
| MARGARET CHRISTINA CABELL | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
Early foundation awards supported higher education and the cultural arts, including grants to the Valentine Museum, Virginia Museum of Fine Arts, Randolph Macon College, and Hampden-Sydney College.
Cabell Foundation awards $1M challenge grant to bolster VCU\u2019s new library\r\The foundation has awarded challenge grants to major institutions including Virginia Commonwealth University Libraries ($1 million challenge grant) and Menokin ($350,000 challenge grant).
Cabell Foundation awards $1M challenge grant to bolster VCU\u2019s new library\r\Communities across Virginia have been enriched by foundation support to cultural arts institutions, historic preservation sites, environment and conservation initiatives, community development efforts, higher education infrastructure, and the social services sector.
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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