The Elmwood Fund
The Elmwood Fund is a private family foundation established in 1970 and based in Richmond, Virginia. It is a 501(c)(3) organization operated by descendants of the Branch family. The foundation supports philanthropic initiatives across the United States with a focus on arts and culture, education, and human services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$623K
+0.6% YoY
Annual Giving
$125K
-49.2% YoY
Grant Count
20
-33.3% YoY
Avg Grant Size
$6K
-23.8% YoY
Mission & Focus Areas
The Elmwood Fund provides funding for:
- Arts and Culture — including historical preservation and architectural heritage
- Education — educational and charitable initiatives including scholarships
- Human Services — youth services and park and recreation services
Grantmaking
Grant Range
$26,000
Average Grant
$26,000
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Geographic Focus
Where this funder awards grants
The Elmwood Fund supports organizations across multiple U.S. states and cities, with documented funding activity in:
- Virginia (primary focus, particularly Richmond)
- New York
- Massachusetts
- Additional states: Alaska, Connecticut, Delaware, Maryland, North Carolina
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount (2024) |
|---|---|
| Total Assets | $623,000 |
| Annual Revenue | $154,000 |
| Annual Expenses | $144,000 |
| Total Liabilities | $0 |
| Grants Awarded | $246,000 |
| Number of Grants | 30 |
The fund maintains a healthy financial position with no outstanding liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $622,721 | $619,178 | $675,353 |
| Revenue | $153,631 | $197,999 | $86,934 |
| Expenses | $144,088 | $259,203 | $194,192 |
| Qualifying Distributions | $125,000 | $246,000 | $176,000 |
| Net Investment Income | $141,660 | $186,821 | $70,767 |
| Distributable Amount | $60,530 | $53,363 | $62,726 |
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
139 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Walter M. Dotts — President (serves without compensation)
- Mary Zeugner — Secretary/Treasurer (serves without compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary Zeugner | Secretary/Treasurer | 1 | — |
| Walter M Dotts | President | 1 | — |
Contact Information
- Address: PO Box 85678, Richmond, VA 23285
- Phone: 804-780-2087
- EIN: 23-7075321
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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