Taubman Foundation for the Arts is a private, non-operating foundation established in Virginia in 2010 and based in Roanoke, Virginia. The foundation is designated as a 501(c)(3) charitable organization and operates as a grantmaking foundation focused on supporting arts and cultural initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
-5.4% YoY
Annual Giving
$1.3M
-81.7% YoY
Grant Count
8
-38.5% YoY
Avg Grant Size
$164K
-70.3% YoY
Under IRS private-foundation payout rules, Taubman Foundation for the Arts reported a distributable amount of $604K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation primarily makes operating contribution grants to its recipients.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Virginia, Pennsylvania, and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $12,172,031
- Total Revenues: $648,563
- Total Expenses: $1,326,429
- Total Liabilities: $0
- Investment Income and Dividends: $650,168
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,172,031 | $12,864,268 | $20,057,493 |
| Revenue | $648,563 | $12,694,002 | $918,229 |
| Expenses | $1,326,429 | $7,371,110 | $8,325,731 |
| Qualifying Distributions | $1,315,000 | $7,187,540 | $8,315,095 |
| Net Investment Income | $647,878 | $12,690,707 | $914,236 |
| Distributable Amount | $604,011 | $506,643 | $1,532,500 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Metropolitan Opera ($500,000), Mercersburg Academy ($460,000), Mayo Clinic ($333,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HSS FOUNDATION NEW YORK, NY | OPERATING CONTRIBUTION | $1,000 |
| MERCERSBURG ACADEMY MERCERSBURG, PA | OPERATING CONTRIBUTION | $460,000 |
| NORTH CROSS SCHOOL ROANOKE, VA | OPERATING CONTRIBUTION | $5,000 |
| TAUBMAN MUSEUM OF ART ROANOKE, VA | OPERATING CONTRIBUTION | $5,000 |
| THE METROPOLITAN OPERA NEW YORK, NY | OPERATING CONTRIBUTION | $500,000 |
| THE SOCIETY OF THE FOUR ARTS PALM BEACH, FL | OPERATING CONTRIBUTION | $10,000 |
| MAYO CLINIC ROCHESTER, MN | OPERATING CONTRIBUTION | $333,000 |
| HEROS OF LIGHT UKRAINE WEST PALM BEACH, FL | OPERATING CONTRIBUTION | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and Directors:
- Nicholas F Taubman (President/Secretary/Treasurer)
- Eugenia L Taubman (Director/Vice President/Assistant Secretary)
- Marc E. Taubman (Officer)
- Lara L. Taubman (Officer)
- John G Rocovich Jr. (Assistant Treasurer/Director)
- Dennis A Barbour (Assistant Treasurer/Director)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS F TAUBMAN | PRESIDENT, SEC, TREAS | 1 | — |
| EUGENIA L TAUBMAN | VP, ASST SEC, DIRECTOR | 1 | — |
| JOHN G ROCOVICH JR | ASST TREAS, DIRECTOR | 1 | — |
| DENNIS A BARBOUR | ASST TREAS, DIRECTOR | 1 | — |
| MARC E TAUBMAN | DIRECTOR | 1 | — |
| LARA L TAUBMAN | DIRECTOR | 1 | — |
Contact Information
Address: 2965 Colonnade Drive, Suite 300, Roanoke, VA 24018-3541
Telephone: 540-777-4506
EIN: 27-3136632
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Taubman Foundation for the Arts fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Taubman Foundation for the Arts?
**Grant Activity (2024)** • Total giving: $1,315,000 • Number of grants: Six grants made • Typical award range: $1,000–$6,901,251 **Recent Grants (2024)** • Mercersburg Academy: $460,000 (Operating Contribution) • Mayo Clinic: $333,000 (Operating Contribution) • The Society of The Four Arts: $10,000 (Operating Contribution) The foundation primarily makes operating contribution grants to its recipients.
Where does Taubman Foundation for the Arts make grants?
The foundation's grantmaking focuses primarily on Virginia, Pennsylvania, and New York.
What size grants does Taubman Foundation for the Arts award?
In 2024, Taubman Foundation for the Arts awarded 8 grants totaling $1.3M — an average of about $164K per grant, based on its IRS Form 990 filings.
How much is Taubman Foundation for the Arts required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Taubman Foundation for the Arts reported a distributable amount of $604K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Taubman Foundation for the Arts's EIN?
Taubman Foundation for the Arts's EIN (Employer Identification Number) is 27-3136632. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Taubman Foundation for the Arts's focus areas in our free grants database
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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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