The Chase Foundation of Virginia

Private foundation · Grantmaker Charlottesville, VA EIN: 54-1770697

The Chase Foundation of Virginia is based in Charlottesville, Virginia. Its filing type is 990T, and its 2024 filing lists 65 charitable grants totaling $721,080.

Key facts about The Chase Foundation of Virginia

In short: The Chase Foundation of Virginia gave $721K across 65 grants in 2024 (avg $11K), top state District of Columbia. 8% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
54-1770697
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$721,080
Grants made (2024)
65
Average grant
$11,094
Median grant
$10,000
New grantees (estimate)
8% first-time grantees (5 of 65, 2024)
Total assets
$16,885,236
Primary geography
District of Columbia (17% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$16.9M

+10.3% YoY

Annual Giving

$721K

-10.1% YoY

Grant Count

65

-7.1% YoY

Avg Grant Size

$11K

-3.2% YoY

Under IRS private-foundation payout rules, The Chase Foundation of Virginia reported a distributable amount of $850K for 2024 — the minimum it must pay out in qualifying distributions.

Is The Chase Foundation of Virginia open to new grantees?

8%

first-time grantees, 2024

In 2024, 5 of 65 grantees (8%) were first-time recipients. First grants averaged $2K; repeat grants $12K. How we count

Medians: $1K first-time, $10K repeat.

  • 92% of 2024 grantees were also funded in 2023. Method
  • Giving fell 23% from 2021 to 2024. Method
  • In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied stated missions. For example, the CO2 Coalition says it makes technical analysis about atmospheric CO2 accessible to the public, while the Heartland Institute says it promotes free-market solutions to social and economic problems. The Institute for Justice describes its work as strategic litigation and research advancing individual liberties; the John Locke Foundation says it conducts research and advances public understanding of individual liberty, free markets, and limited government.

Grantmaking

In 2024, the foundation reported 65 grants totaling $721,080. Grants ranged from $80 to $40,000, with a median of $10,000. The largest grants included $40,000 to the Acton Institute; $35,000 to the Fraser Institute; $30,000 each to the CO2 Coalition, Competitive Enterprise Institute, and Reason Foundation; and $25,000 each to the Committee to Unleash Prosperity, Goodman Institute for Public Policy Research, and Heartland Institute. Other notable grants included $20,000 each to the Goldwater Institute, Institute for Justice, and Turning Point USA, and $17,000 to the Moving Picture Institute. The grants listed for these recipients were for general support.

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Geographic Focus

Where this funder awards grants

The 2024 grant dollars were reported as 17% to recipients in Washington, D.C., 17% in Virginia, 9% in Michigan, and 7% in California. An additional 6% was associated with an unspecified recipient state. The listed grants also include recipients in other states.

Grant Distribution by State

27states

Share of 2024 grant dollars across all 65 itemized grants.

Cities

WashingtonArlingtonNew YorkPhoenixLos AngelesRockvilleAlexandriaGrand RapidsArlington HeightsAtlantaAuburnBozemanColumbusDallasKingwoodMidlandOaklandOlympiaPhiladelphiaPortland

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M61 grants2020 63 grants2021 71 grants2022 70 grants2023 65 grants2024

From 2020 to 2024, annual grant giving ranged from $721K (2024) to $944K (2022). In 2024 it made 65 grants totaling $721K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Acton Institute: $40KActon Institute$40KFraser Institute: $35KFraser Institute$35KCO2 Coalition: $30KCO2 Coalition$30KCompetitive Enterprise Institute (DBA Network for Good): $30KCompetitive EnterpriseInstitute (DBA Network for…$30KReason Foundation: $30KReason Foundation$30KCommittee to Unleash Prosperity: $25KCommittee to UnleashProsperity$25KGoodman Institute for Public Policy Research: $25KGoodman Institute for PublicPolicy Research$25KThe Heartland Institute: $25KThe Heartland Institute$25KGoldwater Institute: $20KGoldwater Institute$20KInstitute for Justice: $20KInstitute for Justice$20K

The largest 2024 recipient was Acton Institute ($40K). Together the top 10 received $280K.

Grant Size Distribution

330 grants across all recorded years

329<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 329 grants of 330 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Acton Institute Grand Rapids, MITo provide general support (charitable)$40,000
Fraser Institute To provide general support (charitable)$35,000
CO2 Coalition Arlington, VATo provide general support (charitable)$30,000
Competitive Enterprise Institute (DBA Network for Good) Washington, DCTo provide general support (charitable)$30,000
Reason Foundation Los Angeles, CATo provide general support (charitable)$30,000
Committee to Unleash Prosperity Potomac, MDTo provide general support (charitable)$25,000
Goodman Institute for Public Policy Research Dallas, TXTo provide general support (charitable)$25,000
The Heartland Institute Arlington Heights, ILTo provide general support (charitable)$25,000
Goldwater Institute Phoenix, AZTo provide general support (charitable)$20,000
Institute for Justice Arlington, VATo provide general support (charitable)$20,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grant total Grant count
2024 $16,885,236 $2,414,891 $851,063 $721,080 65
2023 $15,302,057 $1,016,988 $910,171 $802,500 70
2022 $15,173,139 $209,954 $1,105,255 $944,150 71
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$16,885,236$15,302,057$15,173,139
Revenue$2,414,891$1,016,988$209,954
Expenses$851,063$910,171$1,105,255
Qualifying Distributions$737,563$821,010$963,145
Net Investment Income$1,045,533$267,236$197,018
Distributable Amount$849,976$756,582$813,428

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Alejandro A. Chafuen, PhD, as chairman and trustee; Derwood S. Chase Jr. as president and trustee; Stuart F. Chase as vice-president, treasurer, and trustee; and Johanna B. Chase as secretary and trustee. Other listed trustees are John C. Goodman, Gordon M. Marchand, Stephen J. Moore, David A. Brat, Allison K. Chase, and Craig T. Redinger.

The Chase Foundation of Virginia is led by Derwood S Chase Jr., President & Trustee on every filing since 2020; none of the 13 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Derwood S Chase Jr.

    President & Trustee

    On filings since 2020

    2.5 hrs/week

    No compensation reported

  • Alejandro A Chafuen PhD

    Chairman & Trustee

    Regular Trustee → Chairman & Trustee, 2021

    On filings since 2020

    2.5 hrs/week

    No compensation reported

  • Johanna B Chase

    Secretary & Trustee

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • John C Goodman

    Trustee

    Regular Trustee → Trustee, 2021

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Stephen J Moore

    Trustee

    Regular Trustee → Trustee, 2021

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Stuart F Chase

    Vice President, Treasurer & Trustee

    Vice President & Treasurer → Vice President, Treasurer & Trustee, 2021

    On filings since 2020

    0.2 hrs/week

    No compensation reported

  • Allison K Chase

    Trustee

    On filings since 2021

    0.2 hrs/week

    No compensation reported

  • Carl O Helstrom

    Trustee

    On filings since 2021

    0.2 hrs/week

    No compensation reported

  • Craig T Redinger

    Trustee

    On filings since 2021

    0.2 hrs/week

    No compensation reported

  • David A Brat

    Trustee

    On filings since 2021

    0.2 hrs/week

    No compensation reported

  • Gordon M Marchand

    Trustee

    On filings since 2021

    0.2 hrs/week

    No compensation reported

  • Gary M Greene

    Trustee

    On filings since 2023

    0.2 hrs/week

    No compensation reported

  • D Sumner Chase III

    Trustee

    New on the 2024 filing

    0.2 hrs/week

    No compensation reported

Former officers (3)
  • Former: Edwin T Burton III (2021–2023) — Trustee
  • Former: Cheryl O Chase (2020–2022) — Trustee
  • Former: Walter E Williams (2020) — Regular Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 350 Old Ivy Way 100, Charlottesville, VA 22903-4897
Phone: (434) 293-9104

Frequently asked questions about The Chase Foundation of Virginia

How much does The Chase Foundation of Virginia give each year?

The Chase Foundation of Virginia gave $721K across 65 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $803K across 70 grants.

What is The Chase Foundation of Virginia's typical grant size?

The Chase Foundation of Virginia's median grant in 2024 was $10,000, and its average grant was $11,094, across 65 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Chase Foundation of Virginia that year got $2K on average.

Where does The Chase Foundation of Virginia give grants?

The Chase Foundation of Virginia's top state is District of Columbia, with 17% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (17%) and Michigan (9%). The most frequent recipient cities were Washington, DC (11 grants), Arlington, VA (6 grants), Phoenix, AZ (2 grants) and New York, NY (2 grants).

Does The Chase Foundation of Virginia give general operating support?

Yes: 100% of The Chase Foundation of Virginia's 2024 grants with a stated purpose (65 of 65) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are The Chase Foundation of Virginia's largest grantees?

The Chase Foundation of Virginia's largest 2024 grantees include Acton Institute ($40,000), Fraser Institute ($35,000) and CO2 Coalition ($30,000), according to its 2024 IRS Form 990-PF. Together they received 15% of its itemized 2024 grant dollars.

How large is The Chase Foundation of Virginia?

The Chase Foundation of Virginia reported $16.9M in total assets on its 2024 IRS Form 990-PF. It paid out $738K in qualifying distributions that year, against a required minimum of $850K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What does The Chase Foundation of Virginia fund?

No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied stated missions. See mission & focus areas ↑

How do I apply for a grant from The Chase Foundation of Virginia?

The Chase Foundation of Virginia has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.

What is The Chase Foundation of Virginia's EIN?

The Chase Foundation of Virginia's EIN (Employer Identification Number) is 54-1770697. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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