The Chase Foundation of Virginia
The Chase Foundation of Virginia is a private foundation established in 1995 and based in Charlottesville, Virginia. It is a 501(c)(3) organization classified as a private foundation that focuses on philanthropic support for social sciences and public affairs initiatives.
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.
Mission & Focus Areas
The foundation funds initiatives in the social sciences and public affairs sectors. It supports projects across diverse communities and geographic regions, with a particular emphasis on center-right nonprofits and charitable organizations.
Grantmaking
The foundation demonstrates consistent grantmaking activity, having made 63 grants in 2023. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation supports projects across numerous U.S. cities and states, including major metropolitan areas such as New York, Los Angeles, and Washington, D.C. It also funds initiatives in international locations, including Montreal and Vancouver.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $15,302,057
- Total Revenues: $1,016,988
- Total Expenses: $910,171
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Acton Institute ($40,000), Fraser Institute ($35,000), CO2 Coalition ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Accuracy in Media Washington, DC | To provide general support (charitable) | $15,000 |
| Acton Institute Grand Rapids, MI | To provide general support (charitable) | $40,000 |
| American Friends of the Institute of Economic Affairs Arlington, VA | To provide general support (charitable) | $6,500 |
| American Legislative Exchange Council Arlington, VA | To provide general support (charitable) | $5,000 |
| Atlas Network Arlington, VA | To provide general support (charitable) | $5,000 |
| Cascade Policy Institute Portland, OR | To provide general support (charitable) | $5,000 |
| Center for American Liberty Pittsburgh, PA | To provide general support (charitable) | $1,000 |
| Citizen's Council for Health Freedom St Paul, MN | To provide general support (charitable) | $5,000 |
| CO2 Coalition Arlington, VA | To provide general support (charitable) | $30,000 |
| Committee For A Constructive Tomorrow Washington, DC | To provide general support (charitable) | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership includes:
- Derwood S. Chase Jr. – Founder and President; founder and chairman emeritus of Chase Investment Counsel
- Alejandro A Chafuen – Board trustee
- Stuart F Chase – Board trustee
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alejandro A Chafuen PhD | Chairman and Trustee | 2.5 | — |
| Derwood S Chase Jr | President and Trustee | 2.5 | — |
| Stuart F Chase | Vice-President, Treasurer and Trustee | 0.21 | — |
| Johanna B Chase | Secretary and Trustee | 0.21 | — |
| John C Goodman | Trustee | 0.21 | — |
| Gordon M Marchand | Trustee | 0.21 | — |
| Stephen J Moore | Trustee | 0.21 | — |
| David A Brat | Trustee | 0.21 | — |
| Allison K Chase | Trustee | 0.21 | — |
| Craig T Redinger | Trustee | 0.21 | — |
| Carl O Helstrom | Trustee | 0.21 | — |
| Gary M Greene | Trustee | 0.21 | — |
| D Sumner Chase III | Trustee | 0.21 | — |
Recent News & Activity
Recent developments and announcements
The foundation announced a partnership with the Virginia Museum of Fine Arts to expand and diversify arts access.
VMFA and Chase Announce Partnership to Expand and Diversify Arts Access -Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Chase Foundation of Virginia fund?
The foundation funds initiatives in the social sciences and public affairs sectors. It supports projects across diverse communities and geographic regions, with a particular emphasis on center-right nonprofits and charitable organizations.
How do I apply for a grant from The Chase Foundation of Virginia?
The foundation demonstrates consistent grantmaking activity, having made 63 grants in 2023. Recent grants include: • Acton Institute for the Study of Religion and Liberty: $40,000 (2023) • Institute for Justice: $40,000 (2023) • The Reason Foundation: $30,000 (2023) The foundation distributed a total of approximately $710,500 in grants during 2023, with the remaining 57 grants totaling $670,500.
Where does The Chase Foundation of Virginia make grants?
The foundation supports projects across numerous U.S. cities and states, including major metropolitan areas such as New York, Los Angeles, and Washington, D.C. It also funds initiatives in international locations, including Montreal and Vancouver.
What size grants does The Chase Foundation of Virginia award?
In 2024, The Chase Foundation of Virginia awarded 65 grants totaling $721K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is The Chase Foundation of Virginia required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Chase Foundation of Virginia reported a distributable amount of $850K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Chase Foundation of Virginia'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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