The Clark Nexsen Foundation Inc
The Clark Nexsen Foundation Inc is a private foundation based in Virginia Beach, Virginia. In 2024, it made 88 grants totaling $159,700 to charitable organizations, including organizations in North Carolina and Virginia.
The Clark Nexsen Foundation Inc at a glance
In short: The Clark Nexsen Foundation Inc gave $160K across 88 grants in 2024 (avg $2K), top state North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $159,700
- +19.1% vs 2023
- Grants made (2024)
- 88
- +95.6% vs 2023
- Average grant
- $1,815
- -39.1% vs 2023
- Median grant
- $1,000
- Total assets
- $1,310
- +396.2% vs 2023
- Primary geography
- North Carolina (48% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Clark Nexsen Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 4525 Main Street 1400, Virginia Beach, VA 23462
Phone: (757) 455-5800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Clark Nexsen Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was AIA NC Hurricane Helene Relief ($10K). Together the top 10 received $68K.
Organizations only. It also paid 1 individual scholarship ($1,000), which are not listed by name.
Grant Size Distribution
196 grants across all recorded years
The most common grant size was under $50K: 196 grants of 196 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 48% of grant dollars went to recipients in North Carolina and 46% to recipients in Virginia. Recipients in Georgia received 3%, and recipients in Tennessee and Maryland received 1% each.
Grant Distribution by State
Share of 2024 grant dollars across all 88 itemized grants.
States
Cities
How The Clark Nexsen Foundation Inc gives
- 32% of 2024 grantees were also funded in 2023. Method
- Giving grew 166% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 $60K (2021) to $160K (2024). In 2024 it made 88 grants totaling $160K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| AIA NC Hurricane Helene Relief Raleigh, NC | Program Support | $10,000 |
| Virginia Arts Festival Norfolk, VA | Program Support | $10,000 |
| Western NC Regional Education Fdn Asheville, NC | Program Support | $10,000 |
| Vibe Creative District Virginia Beach, VA | Program Support | $7,500 |
| American Cancer Society Virginia Beach, VA | Program Support | $5,396 |
| Ashe Outreach Ministries Creston, NC | Program Support | $5,000 |
| Charlotte Mecklenburg Library Fdn Charlotte, NC | Program Support | $5,000 |
| Foundaton of Caldwell Comm Col & Tech Lenoir, NC | Program Support | $5,000 |
| Hampton University Hampton, VA | Department of Architecture - Student Scholarships | $5,000 |
| Junior Achievement of Greater HR Virginia Beach, VA | Program Support | $5,000 |
Ready to take the next step with The Clark Nexsen Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $1,310 | $168,265 | $163,469 | $159,700 | 88 | $163,469 | $809 |
| 2023 | $264 | $135,060 | $136,138 | $134,079 | 45 | $135,878 | $851 |
| 2022 | $1,342 | $85,000 | $108,148 | $106,747 | 29 | $108,148 | $899 |
| 2021 | $24,490 | $61,250 | $61,241 | $59,966 | 18 | $61,241 | $5,514 |
| 2020 | $29,481 | $91,405 | $76,039 | $74,814 | 16 | — | $573 |
Under IRS private-foundation payout rules, The Clark Nexsen Foundation Inc reported a distributable amount of $809 for 2024 — the minimum it must pay out in qualifying distributions.
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 included support for organizations working in areas such as food assistance, education, the arts, libraries, cancer-related services, and community programs. These examples describe grantees, not a stated mission or formal focus areas of the foundation.
For example, Ashe Outreach Ministries says its mission is to provide food, fellowship, and love while working to eliminate food insecurity. Hampton University describes its mission as higher education, character-building, and preparing students for leadership and service. Virginia Musical Theatre describes itself as a theatre company that produces musical theatre and conducts community outreach initiatives.
Grantmaking
In 2024, the foundation gave $159,700 through 88 grants. Grants ranged from $50 to $10,000, with a median grant of $1,000.
Among its largest 2024 grants were $10,000 each to AIA NC Hurricane Helene Relief, Virginia Arts Festival, and Western NC Regional Education Foundation, all for program support. Other grants included $7,500 to VIBE Creative District for program support; $5,396 to the American Cancer Society for program support; and $5,000 each to Ashe Outreach Ministries, Charlotte Mecklenburg Library Foundation, and Junior Achievement of Greater Hampton Roads for program support. Hampton University received $5,000 for Department of Architecture student scholarships.
Other 2024 recipients included Foodbank of Southeastern Virginia ($3,906), VMI Foundation ($3,693), Virginia Musical Theatre ($2,500), an individual recipient Athletic Foundation ($2,000), 24 Foundation ($1,200), and Asheville Humane Society ($1,100).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Susan Drew, Jason Jones, Wade Williams, Jennifer Heintz, Rebecca Brady, and Chad Poultney as directors.
The Clark Nexsen Foundation Inc's 2024 filing lists 6 officers; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chad Poultney
Director
Vice Chairman → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Jason Jones
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer Heintz
Director
On filings since 2020
1 hr/week
No compensation reported
Susan Drew
Director
Chairman → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Wade Williams
Director
On filings since 2020
1 hr/week
No compensation reported
Rebecca Brady
Director
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: William A. Duncan (2020–2021) — Treasurer & Secretary
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 Clark Nexsen Foundation Inc
How much does The Clark Nexsen Foundation Inc give each year?
The Clark Nexsen Foundation Inc gave $160K across 88 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $134K across 45 grants.
What is The Clark Nexsen Foundation Inc's typical grant size?
The Clark Nexsen Foundation Inc's median grant in 2024 was $1,000, and its average grant was $1,815, across 88 grants on its 2024 IRS Form 990-PF.
Where does The Clark Nexsen Foundation Inc give grants?
The Clark Nexsen Foundation Inc's top state is North Carolina, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was Virginia (46%). The most frequent recipient cities were Asheville, NC (15 grants), Norfolk, VA (10 grants), Virginia Beach, VA (9 grants) and Raleigh, NC (8 grants).
Does The Clark Nexsen Foundation Inc give general operating support?
Not in 2024: none of the 88 grants with a stated purpose on The Clark Nexsen Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (79 grants).
Who are The Clark Nexsen Foundation Inc's largest grantees?
The Clark Nexsen Foundation Inc's largest 2024 grantees include AIA NC Hurricane Helene Relief ($10,000), Virginia Arts Festival ($10,000) and Western NC Regional Education Fdn ($10,000), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($1,000), which are not listed by name. Together they received 19% of its itemized 2024 grant dollars.
How large is The Clark Nexsen Foundation Inc?
The Clark Nexsen Foundation Inc reported $1K in total assets on its 2024 IRS Form 990-PF. It paid out $163K in qualifying distributions that year, against a required minimum of $809 (roughly 5% of its investment assets).
What does The Clark Nexsen Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations working in areas such as food assistance, education, the arts, libraries, cancer-related services, and community programs. See mission & focus areas ↑
How do I apply for a grant from The Clark Nexsen Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Clark Nexsen Foundation Inc's EIN?
The Clark Nexsen Foundation Inc's EIN (Employer Identification Number) is 26-2652520. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Clark Nexsen Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Clark Nexsen Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Virginia
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Jack Kent Cooke Foundation
Lansdowne, VA
The Jack Kent Cooke Foundation funds education programs that help exceptionally promising students with financial need, including college access, academic enrichment, and support for talented students. Its 2025 grants ranged from $6 to $515,000, with a median of $7,702; it funds across the United States, with most grant dollars going to Virginia. It does not restrict giving to preselected organizations and directs applicants to its website for current application instructions and eligibility.
Assets
$940.1M
Grants
1,419
Total Given
$25.1M
Donors Trust Inc
Alexandria, VA
Donors Trust supports charities and programs in social welfare, health, the environment, economics, governance, foreign relations, and arts and culture, with a strong emphasis on conservative and libertarian policy and education groups. Its 2024 grants had a median of $50,000, though awards ranged from $5,038 to $35 million, and recipients were concentrated in Washington, D.C., Virginia, New York, Texas, and California. It does not accept unsolicited requests; donor-advisors recommend grants through their accounts.
Assets
$1.4B
Grants
919
Total Given
$282.1M
The Community Foundation Inc
Richmond, VA
The Community Foundation funds health and wellness, education, economic prosperity, and community vibrancy, along with other causes through donor-advised and field-of-interest funds. In 2024, grants ranged from $5,100 to $1,795,000, with a median of $25,000; 78% of grant dollars went to Virginia recipients. The profile does not state whether it accepts unsolicited requests.
Assets
$852.4M
Grants
917
Total Given
$61.8M
America's Charities
Chantilly, VA
AMERICA’S CHARITIES routes donor-directed workplace giving to member charities and provides emergency assistance to eligible employees and people affected by disasters; its reported grants are fiscal-agent disbursements, not awards selected through an application process. In 2025 it reported 808 grants totaling $16.4 million, ranging from $5,000 to $515,354 (median $9,664), to recipients across the United States, with the largest shares going to Pennsylvania, California, Washington, D.C., Virginia, and Arizona. The profile does not state whether it accepts unsolicited requests.
Assets
$36.2M
Grants
808
Total Given
$16.4M
More similar funders
More Funders in Virginia
Cite this profile
Grantable. (2026). The Clark Nexsen Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/the-clark-nexsen-foundation-inc-morg_485cc716d6334c91b3515172fdd0ec9a
BibTeX
@misc{grantable_262652520_2026,
author = {{Grantable}},
title = {{The Clark Nexsen Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-clark-nexsen-foundation-inc-morg_485cc716d6334c91b3515172fdd0ec9a},
note = {Accessed 2026-10-10. 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 Clark Nexsen Foundation Inc'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.
The Clark Nexsen Foundation Inc down — hundreds of funders to go?