The Burke & Herbert Bank Foundation
The Burke & Herbert Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Alexandria, VA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 9 grants totaling $78K. Net investment income was $75K.
Key facts about The Burke & Herbert Bank Foundation
- EIN
- 93-4693127
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $77,500
- Grants made (2024)
- 9
- Average grant
- $8,611
- Median grant
- $5,000
- Total assets
- $6,103,955
- Primary geography
- West Virginia (45% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Burke & Herbert Bank Foundation funds
By grant dollars, the top recipient states for The Burke & Herbert Bank Foundation's 9 itemized 2024 grants were West Virginia (45%), Virginia (29%) and Maryland (26%). The most frequent recipient cities were Richmond, VA (2 grants). 100% of grants with a stated purpose were for general or operating support.
How The Burke & Herbert Bank Foundation gives
- In 2024 it paid out 33% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Burke & Herbert Bank Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.1M
Annual Giving
$78K
Grant Count
9
Avg Grant Size
$9K
Under IRS private-foundation payout rules, The Burke & Herbert Bank Foundation reported a distributable amount of $238K for 2024 — the minimum it must pay out in qualifying distributions.
About The Burke & Herbert Bank Foundation
Based on IRS filings
The Burke & Herbert Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Alexandria, VA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 9 grants totaling $78K. Net investment income was $75K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $6,103,955 | — |
| Revenue | $6,096,880 | — |
| Expenses | $99,264 | — |
| Qualifying Distributions | $77,500 | — |
| Net Investment Income | $75,116 | — |
| Distributable Amount | $238,051 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Bluefield Arts and Revitalization Corporation ($25,000), Aarons Place Inc ($10,000), The Richmond Kiwanis Foundation Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUEFIELD ARTS AND REVITALIZATION CORPORATION Bluefield, WV | GENERAL SUPPORT | $25,000 |
| AARONS PLACE INC Preston, MD | GENERAL SUPPORT | $10,000 |
| THE RICHMOND KIWANIS FOUNDATION INC Richmond, VA | GENERAL SUPPORT | $10,000 |
| REA OF HOPE FELLOWSHIP HOME INC Charleston, WV | GENERAL SUPPORT | $10,000 |
| ALEXANDRIA TUTORING CONSORTIUM INC Alexandria, VA | GENERAL SUPPORT | $5,000 |
| BEYOND BOUNDARIES Richmond, VA | GENERAL SUPPORT | $5,000 |
| HIS HOPE MINISTRIES INC Denton, MD | GENERAL SUPPORT | $5,000 |
| DELMARVA COMMUNITY SERVICES INC Cambridge, MD | GENERAL SUPPORT | $5,000 |
| LOISANN'S HOPE HOUSE Fredericksburg, VA | GENERAL SUPPORT | $2,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Burke & Herbert Bank Foundation?
The Burke & Herbert Bank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Alexandria, VA. It holds $6.1M in total assets as of 2024.
How large is The Burke & Herbert Bank Foundation?
As of 2024, The Burke & Herbert Bank Foundation holds $6.1M in total assets with $6.1M in annual revenue. It awarded 9 grants totaling $78K in 2024.
Where does The Burke & Herbert Bank Foundation operate?
The Burke & Herbert Bank Foundation has awarded grants in Maryland, Virginia, West Virginia.
What size grants does The Burke & Herbert Bank Foundation award?
In 2024, The Burke & Herbert Bank Foundation awarded 9 grants totaling $78K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Burke & Herbert Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Burke & Herbert Bank Foundation reported a distributable amount of $238K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Burke & Herbert Bank Foundation's EIN?
The Burke & Herbert Bank Foundation's EIN (Employer Identification Number) is 93-4693127. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.