The Bank of Clarke County Foundation
The Bank of Clarke County Foundation is a private grantmaking foundation based in Berryville, Virginia. Established in 2021, the foundation was created to continue the 140-year legacy of Bank of Clarke in addressing the needs of charities and nonprofits located within the bank's service area. The foundation operates with the philosophy that better communities make better banks, reflecting one of the bank's five core values of giving back to the communities it serves.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11K
+372.4% YoY
Annual Giving
$231K
-13.0% YoY
Grant Count
220
+8.9% YoY
Avg Grant Size
$1K
-20.1% YoY
Under IRS private-foundation payout rules, The Bank of Clarke County Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on supporting nonprofits and charities through philanthropic grants. The foundation funds initiatives across a broad range of sectors, including education, the arts, farming, small business development, churches, and community organizations. Specific program areas documented in recent grantmaking include:
- Educational initiatives and scholarships
- Community festivals and cultural events
- Women business owner organizations
- Career and technical education
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis. Prospective grantees are encouraged to submit online applications for consideration.
Grant Range
$2,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives in Virginia, with particular emphasis on the Bank of Clarke's service area. Grantmaking also extends to neighboring states including Maryland, New York, and West Virginia, as well as the Washington, D.C. metropolitan area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024)
- Total assets: $10,680–$11,000
- Total revenue: $315,618
- Total expenses: $307,199
- Net income: $8,419
Historical Context The foundation was tax-exempt as of April 2023. Financial data shows relatively stable operations with revenue and expenses closely aligned, indicating the foundation distributes substantially all of its annual revenue to grantees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,680 | $2,261 | $25,604 |
| Revenue | $315,618 | $317,775 | $261,481 |
| Expenses | $307,199 | $341,118 | $275,112 |
| Qualifying Distributions | $307,199 | $338,858 | $272,582 |
| Net Investment Income | $314 | $359 | $259 |
| Distributable Amount | $2,225 | $2,148 | $1,308 |
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
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Clarke County Education Foundation ($5,000), Berryville Main Street ($3,500), Clarke County Fair ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| 2 FOR 2 FOUNDATION INC WINCHESTER, VA | GIVING LOVE CAMPAIGN | $1,000 |
| A PLACE TO BE LEESBURG, VA | 2024 PLAYBILL ADD | $150 |
| ABILITY FITNESS CENTER LEESBURG, VA | HOLE SPONSOR | $250 |
| ACCESS INDEPENDENCE WINCHESTER, VA | FALL RAMP UP EVENT SPONSOR | $2,000 |
| ADULT CARE CENTER OF NSV WINCHESTER, VA | PROGRAM DONATION | $100 |
| AIDS RESPONSE EFFORT WINCHESTER, VA | BRUNCH & BUBBLY SPONSOR | $500 |
| AMERICAN FOUNDATION FOR SUICIDE PREVENTION NEW YORK, NY | ADVOCATE SPONSOR | $500 |
| AMERICAN NATIONAL RED CROSS WINCHESTER, VA | GENERAL OPERATING DONATION | $1,000 |
| ANDY MCDONALD SCHOLARSHIP BLUEMONT, VA | GOLF TOURNAMENT | $100 |
| APPALACHIAN CHAMBER MUSIC HARPERS FERRY, WV | FREE CONCERT TICKETS FOR THOSE IN NEED | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- John Hudson — President and Director
- Brandon Lorey — Director
- Kathleen Chappell — Director
- Mary Bruce Glaize — Director
All directors serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARIANNE SCHMIDT | PRESIDENT, DIRECTOR | — | — |
| BRANDON LOREY | DIRECTOR | — | — |
| KATHLEEN CHAPPELL | TREASURER, DIRECTOR | — | — |
| MARY BRUCE GLAIZE | DIRECTOR | — | — |
Contact Information
Mailing Address Bank of Clarke Foundation PO Box 391 Berryville, VA 22611
Physical Address 2 E Main St Berryville, VA 22611-1338
Telephone 800-650-8723
Email [email protected]
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Bank of Clarke County Foundation fund?
The foundation's mission centers on supporting nonprofits and charities through philanthropic grants. The foundation funds initiatives across a broad range of sectors, including education, the arts, farming, small business development, churches, and community organizations. Specific program areas documented in recent grantmaking include: • Educational initiatives and scholarships • Community festivals and cultural events • Women business owner organizations • Career and technical education
How do I apply for a grant from The Bank of Clarke County Foundation?
**Grant Activity (2024)** • Total grants awarded: 202 grants • Total giving: Approximately $265,000–$317,000 • Median grant size: $2,000 • Grant range: $1,000–$20,000 **Recent Grants (2024)** • Shenandoah Apple Blossom Festival Incorporated: $20,000 (Apple Blossom Sponsor Package) • National Association of Women Business Owners - Greater DC: $15,000 (Annual Sponsorship) • Leary Educational Foundation: $10,000 (CTE Contract) • Clarke County Education Foundation: $5,000 (St. Patrick's Gala) **App…
Where does The Bank of Clarke County Foundation make grants?
The foundation primarily funds initiatives in Virginia, with particular emphasis on the Bank of Clarke's service area. Grantmaking also extends to neighboring states including Maryland, New York, and West Virginia, as well as the Washington, D.C. metropolitan area.
What size grants does The Bank of Clarke County Foundation award?
In 2024, The Bank of Clarke County Foundation awarded 220 grants totaling $231K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is The Bank of Clarke County Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bank of Clarke County Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bank of Clarke County Foundation's EIN?
The Bank of Clarke County Foundation's EIN (Employer Identification Number) is 86-3570714. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Bank of Clarke County 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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