The Jackson Foundation
The Jackson Foundation is a private family foundation established in 1981 by business executive and philanthropist Andrew J. Asch Jr. Based in Richmond, Virginia, the foundation operates as a 501(c)(3) organization and has been tax-exempt since May 1982. The foundation functions as a grantmaking entity focused on strengthening community life in the metro Richmond region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.8M
+2.5% YoY
Annual Giving
$1.1M
-9.5% YoY
Grant Count
30
-3.2% YoY
Avg Grant Size
$37K
-6.4% YoY
Under IRS private-foundation payout rules, The Jackson Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: The mission of the Jackson Foundation is to honor the legacy of our founder by investing in education and services in the metro Richmond region to enrich and uplift the lives of those most in need.
Vision: The vision of the Jackson Foundation is to be a perpetual resource for advancing opportunities that will strengthen and enrich our diverse community.
Funding Priorities: The foundation's historical funding interests reflect founder Andrew J. Asch Jr.'s civic involvement and include:
- Education and educational enrichment for youth
- Social services and welfare
- Economic development and civic engagement opportunities
- Housing supports and job training in low-income neighborhoods
- Community-based cultural and performing arts training
- Safety-net and social welfare services for underserved and vulnerable populations, including refugee and immigrant citizens
- Historic preservation
- Culture and the arts
- Environment
- Public policy
The foundation emphasizes innovative philanthropy that results in relevant, sustainable programs, along with strategic capacity building grants to strengthen organizations.
Grantmaking
The foundation has a history of supporting both early-stage and legacy organizations across its funding priorities. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in the metro Richmond region of Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2024:
- Total Assets: $16.8 million
- Total Revenues: $1.74 million
- Total Expenses: $1.36 million
- Total Liabilities: $5.62 thousand
- Investment Income and Dividends: $234,985
- Number of Employees: 1
Financial Trend: Investment income declined 20.1% from fiscal year 2023 ($293,928) to fiscal year 2024 ($234,985).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,788,383 | $16,378,949 | $16,243,131 |
| Revenue | $1,739,097 | $1,571,742 | $2,087,276 |
| Expenses | $1,355,761 | $1,451,723 | $1,047,739 |
| Qualifying Distributions | $1,101,000 | $1,216,000 | $824,500 |
| Net Investment Income | $1,495,930 | $1,367,925 | $1,888,234 |
| Distributable Amount | $1,104,226 | $953,497 | $993,586 |
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
132 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Friends of Richmond Community High School ($65,000), Humankind ($55,000), Childsavers ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ART180 RICHMOND, VA | GENERAL PURPOSES | $25,000 |
| BETTER HOUSING COALITION RICHMOND, VA | GENERAL PURPOSES | $40,000 |
| BOYS TO MEN MENTORING NETWORK OF VA INC ROCKVILLE, VA | GENERAL PURPOSES | $20,000 |
| CHALLENGE DISCOVERY RICHMOND, VA | GENERAL PURPOSES | $35,000 |
| CHESTERFIELD EDUCATIONAL FOUNDATION MIDLOTHIAN, VA | GENERAL PURPOSES | $25,000 |
| CHILDSAVERS RICHMOND, VA | GENERAL PURPOSES | $50,000 |
| COMMUNITIES IN SCHOOLS OF CHESTERFIELD CHESTER, VA | GENERAL PURPOSES | $45,000 |
| COMMUNITIES IN SCHOOLS OF RICHMOND RICHMOND, VA | GENERAL PURPOSES | $45,000 |
| FAMILY LIFELINE RICHMOND, VA | GENERAL PURPOSES | $45,000 |
| FRIENDS OF RICHMOND COMMUNITY HIGH SCHOOL RICHMOND, VA | GENERAL PURPOSES | $65,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Executive Director: Jill McCormick
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANTHONY JAMES ASCH | PRESIDENT | 0.5 | — |
| THOMAS ANDREW ASCH | VICE PRESIDENT | 0.5 | — |
| NANCY BELLEMAN | DIRECTOR | 0.5 | — |
| JILL MCCORMICK | EXEC. DIR. | 20 | $57,650 |
Contact Information
Address: 9020 Stony Point Parkway, Suite 185, Richmond, VA 23235
Phone: 804-644-5735
Website: www.jacksonf.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Jackson Foundation fund?
**Mission:** The mission of the Jackson Foundation is to honor the legacy of our founder by investing in education and services in the metro Richmond region to enrich and uplift the lives of those most in need. **Vision:** The vision of the Jackson Foundation is to be a perpetual resource for advancing opportunities that will strengthen and enrich our diverse community. **Funding Priorities:** The foundation's historical funding interests reflect founder Andrew J. Asch Jr.'s civic involvement a…
How do I apply for a grant from The Jackson Foundation?
The foundation has a history of supporting both early-stage and legacy organizations across its funding priorities. Recent grant activity includes: **Recent Grants (2024):** • Friends of Richmond Community High School: $65,000 (General Purposes) • Childsavers - Memorial Child Guidance Clinic: $50,000 (General Purposes) • Virginia Center for Inclusive Communities: $50,000 (General Purposes) • Additional 19 grants totaling approximately $865,000 The foundation maintains an active grantmaking prog…
Where does The Jackson Foundation make grants?
The foundation's grantmaking is concentrated in the metro Richmond region of Virginia.
What size grants does The Jackson Foundation award?
In 2024, The Jackson Foundation awarded 30 grants totaling $1.1M — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is The Jackson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jackson Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jackson Foundation's EIN?
The Jackson Foundation's EIN (Employer Identification Number) is 54-1186114. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Jackson 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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