Robert G Cabell Iii and Maude Morgan logo

Robert G Cabell Iii and Maude Morgan

RICHMOND, VA EIN: 54-6039157 Website

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

Under IRS private-foundation payout rules, Robert G Cabell Iii and Maude Morgan reported a distributable amount of $9.8M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

1states

States

Cities

AbingdonAlexandriaAshlandBedfordBoones MillBuckinghamCharlottesvilleChesterChristiansburgCourtlandCrozetDeltavilleEastvilleFloydGlen AllenGloucester PointGoochlandHampden SydneyHenricoHot Springs

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

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M20202021202220232024
Metric202420232022
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

$0$2M$4M$6M$9M43 grants202048 grants202141 grants202249 grants202364 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

BETTER HOUSING COALITION$750KFEEDMORE INC$750KRAPPAHANNOCK TRIBE$400KRICHMOND BALLET$400KCHESAPEAKE BAY FOUNDATION$350KHOSPICE HOUSE OF HAMPTON…$350KMAYMONT FOUNDATION$250KABINGDON HIGH LEGACY$200KBLUE RIDGE FOOD BANK$200KHABITAT FOR HUMANITY - P…$200K

Grant Size Distribution

231 grants across all recorded years

117<$50K25$50–100K35$100–250K32$250–500K17$500K–1M5$1–5M$5M+

Open Grants

1 open opportunity from Robert G Cabell Iii and Maude Morgan

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Better Housing Coalition ($750,000), Feedmore Inc ($750,000), Rappahannock Tribe ($400,000).

RecipientPurposeAmount
ABINGDON HIGH LEGACY ABINGDON, VATO SUPPORT THE WORK OF THE NONPROFIT TO REBUILD COMMUNITES INCLUDING HOMES, FAMILY NEEDS AND SMALL BUSINESS NEEDS IN THE COUNTIES OF WASHINGTON AND SMYTH IN SOUTHWEST VIRGINIA DUE TO THE HURRICANE HELENE FLOOD DISASTER$200,000
BATTERSEA FOUNDATION PETERSBURG, VATO SUPPORT VILLA EXTERIOR RESTORATION$50,000
BETTER HOUSING COALITION RICHMOND, VATO SUPPORT CONSTRUCTION OF COLBROOK, A 147-UNIT AFFORDABLE HOUSING PROJECT IN CHESTER, VA$750,000
BLACK HISTORY MUSEUM AND CULTURAL ARTS RICHMOND, VATO SUPPORT THE 2024 EASTER ON PARADE ON MONUMENT AVENUE$20,000
BLUE RIDGE FOOD BANK CHARLOTTESVILLE, VATO SUPPORT THE EXPANSION AND RENOVATION OF THE FOOD BANK'S HEADQUARTERS AND DISTRIBUTION CENTER$200,000
BLUE RIDGE ZOOLOGICAL SOCIETY OF VIRGINIA INC ROANOKE, VATO SUPPORT THE GUEST EXPERIENCE ENHANCEMENT PROJECT THROUGH CAPITAL IMPROVEMENTS TO VISITOR WALKWAYS, EDUCATIONAL SIGNAGE AND PHYSICAL PLANT UPDATES$50,000
BOYS & GIRLS CLUB OF THE NORTHERN NECK KILMARNOCK, VATO SUPPORT BUILDING GREAT FUTURES CAMPAIGN TO ACQUIRE AND RENOVATE THE BUILDING$100,000
CHESAPEAKE BAY FOUNDATION RICHMOND, VATO SUPPORT THE INSTALLATION OF OYSTER REEFS IN THE HAMPTON RIVER$350,000
CHILD SAVERS OF RICHMOND RICHMOND, VATO SUPPORT THE ENDOWMENT FUND OF MEMORIAL GUIDANCE CLINIC$110,000
CHILDREN'S HOSPITAL AND HEALTHCARE SERVICES FOUNDATION RICHMOND, VATO SUPPORT THE 2024 CHILDREN'S HOSPITAL FOUNDATION BALL RAISING FUNDS FOR THE ART AND MUSIC THERAPY PROGRAM$10,000

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

SARAH BANE WILLIAMSEXECUTIVE DIRECTOR$91K

From 2024 filing

NameTitleHoursCompensation
CHARLES L CABELL ESQUIREDIRECTOR1
J READ BRANCH JRDIRECTOR1
RUSSELL BRANCHDIRECTOR1
ELIZABETH CABELL JENNINGSPRESIDENT1
PATTESON BRANCH IIISECRETARY1
JOHN BRANCH CABELLTREASURER1
MARY Z ZEUGNERVICE PRESIDENT1
SARAH BANE WILLIAMSEXECUTIVE DIRECTOR20$90,700
MARGARET CHRISTINA CABELLDIRECTOR1

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.

Frequently Asked Questions

What does Robert G Cabell Iii and Maude Morgan fund?

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 preservati…

How do I apply for a grant from Robert G Cabell Iii and Maude Morgan?

**Grant Activity:** • Made 43 grants in 2024 • Total annual giving: approximately $6.5 million • Since inception, the foundation has provided over $136 million in philanthropic investments to more than 400 agencies statewide **Grant Types:** The foundation provides permanent gifts and challenge grants to nonprofit institutions. **Recent Grants (2024):** • Better Housing Coalition: $750,000 (construction of affordable housing project) • Rappahannock Tribe: $400,000 (land acquisition campaign) • …

Where does Robert G Cabell Iii and Maude Morgan make grants?

Virginia, with particular emphasis on the metro Richmond region.

What size grants does Robert G Cabell Iii and Maude Morgan award?

In 2024, Robert G Cabell Iii and Maude Morgan awarded 64 grants totaling $7.7M — an average of about $121K per grant, based on its IRS Form 990 filings.

How much is Robert G Cabell Iii and Maude Morgan required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Robert G Cabell Iii and Maude Morgan reported a distributable amount of $9.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Robert G Cabell Iii and Maude Morgan's EIN?

Robert G Cabell Iii and Maude Morgan's EIN (Employer Identification Number) is 54-6039157. IRS Form 990 filing data is available on this page for 2020–2024.

Explore Open Grants

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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