Tesco Foundation is a private grantmaking foundation established in 2010 and located in Richmond, Virginia. As a 501(c)(3) organization, it operates as an independent foundation focused on philanthropic giving and grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-2.1% YoY
Annual Giving
$248K
+18.3% YoY
Grant Count
71
+9.2% YoY
Avg Grant Size
$3K
+8.3% YoY
Under IRS private-foundation payout rules, Tesco Foundation reported a distributable amount of $245K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation primarily funds operations at VCU School of Medicine - VCU Health Pauley Heart Center and the university's greatest needs. Its grantees also include St Christopher's School and other organizations.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Virginia
- District of Columbia
- Texas
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $3,907,327
- Total Revenues: $222,269
- Total Expenses: $324,936
- Total Liabilities: $0
Revenue Composition (2024):
- Investment income and dividends: $119,125
- Net gain from sale of non-inventory assets: $74,774
- Total grants and contributions: $183
As of December 2023:
- Total Assets: $3.99M
- Total Revenues: $233,000
- Total Expenses: $253,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,907,327 | $3,991,494 | $4,011,688 |
| Revenue | $222,269 | $233,202 | $267,866 |
| Expenses | $324,936 | $253,396 | $305,999 |
| Qualifying Distributions | $266,013 | $209,288 | $242,213 |
| Net Investment Income | $164,778 | $191,390 | $222,741 |
| Distributable Amount | $244,944 | $225,818 | $236,077 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greater Richmond Partnership ($25,000), St James's Episcopal Church ($18,500), Maggie Walker Community Land Trust ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 1708 Gallery Richmond, VA | Capital Campaign | $10,000 |
| Anna Julia Cooper School Richmond, VA | $8,000 Pledge in honor of Gordon Wallace; $300 Annual Giving | $8,300 |
| Anna Julia Cooper School Richmond, VA | Gordon Wallace Fund | $10,000 |
| Better Housing Coalition Richmond, VA | Operations | $2,500 |
| Braille Circulating Library For The Blind Richmond, VA | Operations | $500 |
| Bridging Virginia Richmond, VA | Operations | $250 |
| CARITAS Richmond, VA | Operations | $1,000 |
| CAV Angels Charlottesville, VA | Operations | $2,500 |
| ChamberRVA Richmond, VA | Operations | $1,000 |
| College Of William And Mary Williamsburg, VA | $1,250 Fund for W&M; $100 Swem Library; $250 Tribe Club; $250 Mason Sch of Bus. | $1,850 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Tesco Foundation fund?
The foundation's primary funding focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily funds operations at VCU School of Medicine - VCU Health Pauley Heart Center and the university's greatest needs. Its grantees also include St Christopher's School and other organizations.
How do I apply for a grant from Tesco Foundation?
**Grant Activity:** • Made 87 grants in the most recent reporting period • Typical grant awards range from $100 to $39,675 • Total giving: $266,000 (2024) **Recent Grantees Include:** • Greater Richmond Partnership ($25,000 for operations) • Venture Richmond ($20,000 for capital campaign) • The Maggie Walker Community Land Trust ($15,000 for operations)
Where does Tesco Foundation make grants?
The foundation primarily funds organizations in: • Virginia • District of Columbia • Texas
What size grants does Tesco Foundation award?
In 2024, Tesco Foundation awarded 71 grants totaling $248K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Tesco Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tesco Foundation reported a distributable amount of $245K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tesco Foundation's EIN?
Tesco Foundation's EIN (Employer Identification Number) is 27-2314595. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tesco Foundation'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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