Tesco Foundation
Tesco Foundation is a private foundation based in Richmond, Virginia. In 2024, it made 71 grants totaling $247,500, with nearly all grant dollars going to recipients in Virginia.
Tesco Foundation at a glance
In short: Tesco Foundation gave $248K across 71 grants in 2024 (avg $3K), mostly in Virginia. 17% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $247,500
- +18.3% vs 2023
- Grants made (2024)
- 71
- +9.2% vs 2023
- Average grant
- $3,486
- +8.3% vs 2023
- Median grant
- $1,500
- Total assets
- $3,907,327
- -2.1% vs 2023
- New grantees (estimate)
- 17% first-time grantees (11 of 65, 2024)
- Primary geography
- Virginia (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Tesco Foundation
- How to Apply
-
Applications should be submitted in writing by qualified section 501(c)(3) organizations and include a copy of the IRS determination letter confirming charitable tax-exempt status. Grants are limited to publicly supported organizations described in section 509(a)(1), (2), or (3). **Deadline:** Applications are accepted year-round.
- Contact
Application contact: Barbara Ukrop
Mailing address: 2001 Maywill St Suite 100, Richmond, VA 23230
Phone: (804) 340-4094
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Tesco Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Greater Richmond Partnership ($25K). Together the top 10 received $154K.
Grant Size Distribution
372 grants across all recorded years
The most common grant size was under $50K: 372 grants of 372 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Virginia and 1% went to recipients in Texas. The filing also lists recipient states of Washington, D.C., North Carolina, and Louisiana, each at 0%.
Grant Distribution by State
Share of 2024 grant dollars across all 71 itemized grants.
States
Cities
Is Tesco Foundation open to new grantees?
17%
first-time grantees, 2024
In 2024, 11 of 65 grantees (17%) were first-time recipients. First grants averaged $5K; repeat grants $4K. How we count
Medians: $3K first-time, $1K repeat.
- 75% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−2%). Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $209K (2023) to $253K (2021). In 2024 it made 71 grants totaling $248K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Richmond Partnership Richmond, VA | Operations | $25,000 |
| Venture Richmond Inc Richmond, VA | Capital Campaign | $20,000 |
| St James's Episcopal Church Richmond, VA | Operations | $18,500 |
| Maggie Walker Community Land Trust Richmond, VA | Operations | $15,000 |
| The Valentine Richmond, VA | $10,000 Pledge; $750 Annual Fund | $10,750 |
| 1708 Gallery Richmond, VA | Capital Campaign | $10,000 |
| Anna Julia Cooper School Richmond, VA | Gordon Wallace Fund | $10,000 |
| Dancing Classrooms of Greater Richmond Midlothian, VA | Operations | $10,000 |
| Sparc Richmond, VA | For a program in a high-poverity RPS school | $10,000 |
| VMFA Foundation Richmond, VA | Annual Fund | $10,000 |
Ready to take the next step with Tesco Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,907,327 | $222,269 | $324,936 | $247,500 | 71 | $266,013 | $164,778 | $244,944 |
| 2023 | $3,991,494 | $233,202 | $253,396 | $209,275 | 65 | $209,288 | $191,390 | $225,818 |
| 2022 | $4,011,688 | $267,866 | $305,999 | $242,200 | 69 | $242,213 | $222,741 | $236,077 |
| 2021 | $4,049,821 | $792,167 | $293,805 | $253,100 | 87 | $253,113 | $753,299 | $240,255 |
| 2020 | $3,551,459 | $-24,872 | $260,657 | $215,550 | 80 | — | $56,182 | $214,714 |
| 2019 | $3,836,988 | $289,365 | $265,791 | $227,000 | 97 | — | $250,587 | $219,429 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s own mission is not stated in the available information. Its 2024 grantees include organizations with varied missions. Greater Richmond Partnership says it works to generate economic opportunities and quality jobs in the region. Anna Julia Cooper School says it provides full-tuition scholarships to K–8 students who reside primarily in Richmond’s East End. 1708 Gallery describes its mission as presenting new art and expanding public understanding and appreciation of it. Historic Richmond Foundation says it preserves historic buildings, neighborhoods, and places.
Grantmaking
In 2024, the foundation made 71 grants totaling $247,500. Grant amounts ranged from $100 to $25,000, with a median grant of $1,500. Notable awards included $25,000 to Greater Richmond Partnership for operations, $20,000 to Venture Richmond for a capital campaign, $18,500 to St James’s Episcopal Church for operations, and $15,000 to Maggie Walker Community Land Trust for operations. Other awards included $10,000 to 1708 Gallery for a capital campaign and $10,000 to Anna Julia Cooper School for its Gordon Wallace Fund.
Leadership & Key People
Officers and directors from IRS filings
Tesco Foundation is led by R Scott Ukrop, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
R Scott Ukrop
President
On filings since 2021
0.5 hrs/week
No compensation reported
James E Ukrop
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Joseph E Ukrop
Secretary
Director → Secretary, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Barbara B. Ukrop (2019–2020) — President
- Former: Robert S. Ukrop (2019–2020) — Secretary
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Tesco Foundation
How much does Tesco Foundation give each year?
Tesco Foundation gave $248K across 71 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $209K across 65 grants.
What is Tesco Foundation's typical grant size?
Tesco Foundation's median grant in 2024 was $1,500, and its average grant was $3,486, across 71 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Tesco Foundation that year got $5K on average.
Where does Tesco Foundation give grants?
Tesco Foundation gives mostly in Virginia: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (57 grants), Charlottesville, VA (2 grants) and Washington, DC (2 grants).
Does Tesco Foundation give general operating support?
Yes: 14% of Tesco Foundation's 2024 grants with a stated purpose (10 of 71) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Operations" (44 grants) and "Capital Campaign" (4 grants).
Who are Tesco Foundation's largest grantees?
Tesco Foundation's largest 2024 grantees include Greater Richmond Partnership ($25,000), Venture Richmond Inc ($20,000) and St James's Episcopal Church ($19,500 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 26% of its itemized 2024 grant dollars.
How large is Tesco Foundation?
Tesco Foundation reported $3.9M in total assets on its 2024 IRS Form 990-PF. It paid out $266K in qualifying distributions that year, against a required minimum of $245K (roughly 5% of its investment assets).
What does Tesco Foundation fund?
The foundation’s own mission is not stated in the available information. Its 2024 grantees include organizations with varied missions. Greater Richmond Partnership says it works to generate economic opportunities and quality jobs in the region. See mission & focus areas ↑
How do I apply for a grant from Tesco Foundation?
Applications should be submitted in writing by qualified section 501(c)(3) organizations and include a copy of the IRS determination letter confirming charitable tax-exempt status. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 29, 2020)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Tesco Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Tesco Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/tesco-foundation-morg_5e415cdc7bce4fdebd0d182fa201f493
BibTeX
@misc{grantable_272314595_2026,
author = {{Grantable}},
title = {{Tesco Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/tesco-foundation-morg_5e415cdc7bce4fdebd0d182fa201f493},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Tesco Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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