The Chase Foundation of Virginia
The Chase Foundation of Virginia is a private foundation based in Charlottesville, Virginia. Its 2024 filing reports grants to charitable organizations, including groups working on public policy, energy, individual liberties, and media.
The Chase Foundation of Virginia at a glance
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.
- Annual giving (2024)
- $721,080
- -10.1% vs 2023
- Grants made (2024)
- 65
- -7.1% vs 2023
- Average grant
- $11,094
- -3.2% vs 2023
- Median grant
- $10,000
- Total assets
- $16,885,236
- +10.3% vs 2023
- New grantees (estimate)
- 8% first-time grantees (5 of 65, 2024)
- Primary geography
- District of Columbia (17% 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 The Chase Foundation of Virginia
- How to Apply
-
The filing lists Derwood S. Chase Jr. as the contact. It says the foundation has prescribed no application form and that charitable organizations must meet the criteria in Article 2, Paragraph C(a) of the foundation’s trust agreement.
- Review Cycle
- None is listed.
- Deadline
- None is listed.
- Contact
Application contact: Derwood S Chase Jr
Mailing address: 350 Old Ivy Way Suite 100, Charlottesville, VA 22903-4897
Phone: (434) 293-9104
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Chase Foundation of Virginia funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Acton Institute ($40K). Together the top 10 received $280K.
Grant Size Distribution
330 grants across all recorded years
The most common grant size was under $50K: 329 grants of 330 (100%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that 17% of grant dollars went to recipients in each of the District of Columbia and Virginia, 9% to Michigan, and 7% to California. The listed grants also include recipients in Maryland, Texas, Illinois, Arizona, New York, and other states.
Grant Distribution by State
Share of 2024 grant dollars across all 65 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $721K (2024) to $944K (2022). In 2024 it made 65 grants totaling $721K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Acton Institute Grand Rapids, MI | To provide general support (charitable) | $40,000 |
| Fraser Institute | To provide general support (charitable) | $35,000 |
| CO2 Coalition Arlington, VA | To provide general support (charitable) | $30,000 |
| Competitive Enterprise Institute (DBA Network for Good) Washington, DC | To provide general support (charitable) | $30,000 |
| Reason Foundation Los Angeles, CA | To provide general support (charitable) | $30,000 |
| Committee to Unleash Prosperity Potomac, MD | To provide general support (charitable) | $25,000 |
| Goodman Institute for Public Policy Research Dallas, TX | To provide general support (charitable) | $25,000 |
| The Heartland Institute Arlington Heights, IL | To provide general support (charitable) | $25,000 |
| Goldwater Institute Phoenix, AZ | To provide general support (charitable) | $20,000 |
| Institute for Justice Arlington, VA | To provide general support (charitable) | $20,000 |
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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 | $16,885,236 | $2,414,891 | $851,063 | $721,080 | 65 | $737,563 | $1,045,533 | $849,976 |
| 2023 | $15,302,057 | $1,016,988 | $910,171 | $802,500 | 70 | $821,010 | $267,236 | $756,582 |
| 2022 | $15,173,139 | $209,954 | $1,105,255 | $944,150 | 71 | $963,145 | $197,018 | $813,428 |
| 2021 | $16,041,544 | $1,905,475 | $1,056,478 | $930,800 | 63 | $953,220 | $1,706,002 | $905,728 |
| 2020 | $15,185,460 | $-897,716 | $824,121 | $730,500 | 61 | — | $40,360 | $844,200 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s own filing does not provide a mission statement. Its grants show support for a range of charitable organizations. For example, the CO2 Coalition says it provides technical analysis of atmospheric CO2 to the public, while the Heartland Institute says it promotes free-market solutions to social and economic problems and public policy issues. The Goodman Institute for Public Policy Research says it studies free-market health care policy and other public-policy issues. The Institute for Justice describes its work as strategic litigation and research concerning economic liberty, educational choice, private property rights, freedom of speech, and other individual liberties.
Grantmaking
In 2024, the foundation reported 65 grants totaling $721,080. Grant amounts ranged from $80 to $40,000, with a median of $10,000.
Among the largest reported grants were $40,000 to the Acton Institute, $35,000 to the Fraser Institute, $30,000 each to the CO2 Coalition, Competitive Enterprise Institute (DBA Network for Good), 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.
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation’s 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. It also lists John C. Goodman, Gordon M. Marchand, Stephen J. Moore, David A. Brat, Allison K. Chase, and Craig T. Redinger as trustees.
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.
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?
The foundation’s own filing does not provide a mission statement. Its grants show support for a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from The Chase Foundation of Virginia?
The filing lists Derwood S. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Chase Foundation of Virginia funds
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Cite this profile
Grantable. (2026). The Chase Foundation of Virginia funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/the-chase-foundation-of-virginia-morg_bc2c53f8ec1546908139b827bf5e3a3e
BibTeX
@misc{grantable_541770697_2026,
author = {{Grantable}},
title = {{The Chase Foundation of Virginia funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-chase-foundation-of-virginia-morg_bc2c53f8ec1546908139b827bf5e3a3e},
note = {Accessed 2026-10-22. 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 The Chase Foundation of Virginia'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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