Salem Education Foundation Inc is a private foundation focused on Education, based in CULPEPER, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $489K in total assets. In 2024, it awarded 12 grants totaling $30K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$489K
+5.8% YoY
Annual Giving
$30K
-12.9% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$3K
+1.6% YoY
Under IRS private-foundation payout rules, Salem Education Foundation Inc reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
About Salem Education Foundation Inc
Based on IRS filings
Salem Education Foundation Inc is a private foundation focused on Education, based in CULPEPER, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $489K in total assets. In 2024, it awarded 12 grants totaling $30K. Net investment income was $58K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $488,554 | $461,875 | $460,794 |
| Revenue | $57,944 | $36,515 | $32,005 |
| Expenses | $31,265 | $35,434 | $24,191 |
| Qualifying Distributions | $30,353 | $35,266 | $22,798 |
| Net Investment Income | $57,944 | $36,347 | $31,893 |
| Distributable Amount | $30,885 | $26,600 | $27,228 |
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Valerie Alvarado-alas - James Madis ($7,134), Allie Ivy ($3,500), Isaac Scheulen ($2,700).
| Recipient | Purpose | Amount |
|---|---|---|
| IAN LARKIN CULPEPER, VA | SCHOLARSHIP | $2,000 |
| SARAH LANE BOSTON, VA | SCHOLARSHIP | $2,319 |
| EMERSON BROWN CULPEPER, VA | SCHOLARSHIP | $2,000 |
| AVA CONWAY CULPEPER, VA | SCHOLARSHIP | $2,000 |
| XANDER PUGH BOSTON, VA | SCHOLARSHIP | $2,000 |
| ALLIE IVY ELKWOOD, VA | SCHOLARSHIP | $3,500 |
| ALYCIA MCGUIRE CULPEPER, VA | SCHOLARSHIP | $2,000 |
| ISAAC SCHEULEN CHESTER GAP, VA | SCHOLARSHIP | $2,700 |
| WARD L CASH SPERRYVILLE, VA | SCHOLARSHIP | $2,700 |
| VALERIE ALVARADO-ALAS - JAMES MADIS CULPEPER, VA | SCHOLARSHIP | $7,134 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CANDICE SOUTHARD | VICE PRESIDENT | 1 | — |
| CATHY STEPHENSON | PRESIDENT/SECRETARY | 1 | — |
| SHELLY NACCARATO | TREASURER | 1 | — |
| JANINE MORRISON | DIRECTOR | 1 | — |
| PATRICK KENNEDY | DIRECTOR | 1 | — |
| NANCY SINK | DIRECTOR | 1 | — |
| ROBERT THORNHILL | DIRECTOR | 1 | — |
| STEPHEN P WILL | DIRECTOR | 1 | — |
| NANCY NEFF | DIRECTOR | 1 | — |
| KELLY BROWN ESTES | DIRECTOR | 1 | — |
| KATE DECKER | DIRECTOR | 1 | — |
| MONIQUE EDEN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Salem Education Foundation Inc?
Salem Education Foundation Inc is a private foundation focused on Education, based in CULPEPER, VA. It holds $489K in total assets as of 2024.
How large is Salem Education Foundation Inc?
As of 2024, Salem Education Foundation Inc holds $489K in total assets with $58K in annual revenue. It awarded 12 grants totaling $30K in 2024.
Where does Salem Education Foundation Inc operate?
Salem Education Foundation Inc has awarded grants in Virginia.
What size grants does Salem Education Foundation Inc award?
In 2024, Salem Education Foundation Inc awarded 12 grants totaling $30K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Salem Education Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Salem Education Foundation Inc reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Salem Education Foundation Inc's EIN?
Salem Education Foundation Inc's EIN (Employer Identification Number) is 54-1946797. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Salem Education Foundation Inc'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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