The Culp Family Foundation is a private foundation based in Mclean, Virginia. The foundation was established in 2013 and operates as a 501(c)(3) organization designated for philanthropic, educational, and charitable purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$73K
-96.3% YoY
Grant Count
1
-95.7% YoY
Avg Grant Size
$73K
-14.3% YoY
Under IRS private-foundation payout rules, The Culp Family Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focuses include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation makes grants primarily in the form of general operating support. Recent grants include:
How to Apply
** The foundation does not accept unsolicited applications and only makes contributions to preselected charitable organizations.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Maryland, the District of Columbia, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $35,073,512
- Total Revenues: $65,468,831
- Total Expenses: $2,452,813
- Total Giving: $2,313,777
The foundation experienced significant revenue growth in 2024, with total grants and contributions of $49,984,969 and net gains from asset sales of $14,899,916.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $67,819 | $1,848,925 |
| Revenue | $354 | $93,703 | $228,991 |
| Expenses | $73,173 | $1,986,025 | $380,452 |
| Qualifying Distributions | $72,933 | $1,962,079 | $336,364 |
| Net Investment Income | $354 | $22,728 | $33,221 |
| Distributable Amount | $6,067 | $80,283 | $94,249 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
111 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Philanthropic Trust ($72,933).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL PHILANTHROPIC TRUST JENKINTOWN, PA | CHARITABLE | $72,933 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Kim A Culp, President
- Carol J Culp, Treasurer
- Kathryn Culp Kerfoot, Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIM A CULP | PRESIDENT | — | — |
| CAROL J CULP | TREASURER | — | — |
| KATHRYN CULP KERFOOT | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Culp Family Foundation fund?
The foundation's primary funding focuses include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Culp Family Foundation?
The foundation makes grants primarily in the form of general operating support. Recent grants include: • Sultana Education Foundation: $250,000 (2024) • Potomac School: $107,143 (2024) • Kit Cares: $100,000 (2024) Typical grant awards range from $5,000 to $400,000. The foundation made three grants in 2024, with total giving of $2,313,777. **Application Process:** The foundation does not accept unsolicited applications and only makes contributions to preselected charitable organizations.
Where does The Culp Family Foundation make grants?
The foundation primarily funds organizations in Maryland, the District of Columbia, and Virginia.
What size grants does The Culp Family Foundation award?
In 2024, The Culp Family Foundation awarded 1 grants totaling $73K — an average of about $73K per grant, based on its IRS Form 990 filings.
How much is The Culp Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Culp Family Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Culp Family Foundation's EIN?
The Culp Family Foundation's EIN (Employer Identification Number) is 13-4204919. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Culp Family Foundation'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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