The Leah and Richard Waitzer Foundation
The Leah and Richard Waitzer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $67.4M in total assets. In 2024, it awarded 3 grants totaling $14.8M. Net investment income was $3.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$67.4M
-2.6% YoY
Annual Giving
$14.8M
Grant Count
3
Avg Grant Size
$4.9M
Under IRS private-foundation payout rules, The Leah and Richard Waitzer Foundation reported a distributable amount of $3.3M for 2024 — the minimum it must pay out in qualifying distributions.
About The Leah and Richard Waitzer Foundation
Based on IRS filings
The Leah and Richard Waitzer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $67.4M in total assets. In 2024, it awarded 3 grants totaling $14.8M. Net investment income was $3.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $67,422,786 | $69,204,409 | $61,298,275 |
| Revenue | $13,350,431 | $8,786,312 | $49,113,521 |
| Expenses | $15,132,054 | $316,429 | $5,999,183 |
| Qualifying Distributions | $14,799,000 | — | $5,757,832 |
| Net Investment Income | $2,966,865 | $1,477,850 | $288,047 |
| Distributable Amount | $3,272,396 | $3,446,670 | $2,309,237 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Old Dominion Museum Foundation ($14,664,000), chkd ($125,000), Casa ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CASA VIRGINIA BEACH, VA | TO FURTHER CHARITABLE PURPOSE | $10,000 |
| chkd NORFOLK, VA | TO FURTHER CHARITABLE PURPOSE | $125,000 |
| OLD DOMINION MUSEUM FOUNDATION NORFOLK, VA | TO FURTHER CHARITABLE PURPOSE | $14,664,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bradley J Waitzer | President | — | — |
| EDWIN S WAITZER | VP,SECRETARY,TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Leah and Richard Waitzer Foundation?
The Leah and Richard Waitzer Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. It holds $67.4M in total assets as of 2024.
How large is The Leah and Richard Waitzer Foundation?
As of 2024, The Leah and Richard Waitzer Foundation holds $67.4M in total assets with $13.4M in annual revenue. It awarded 3 grants totaling $14.8M in 2024.
Where does The Leah and Richard Waitzer Foundation operate?
The Leah and Richard Waitzer Foundation has awarded grants in Georgia, Michigan, Virginia.
What size grants does The Leah and Richard Waitzer Foundation award?
In 2024, The Leah and Richard Waitzer Foundation awarded 3 grants totaling $14.8M — an average of about $4.9M per grant, based on its IRS Form 990 filings.
How much is The Leah and Richard Waitzer Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leah and Richard Waitzer Foundation reported a distributable amount of $3.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Leah and Richard Waitzer Foundation's EIN?
The Leah and Richard Waitzer Foundation's EIN (Employer Identification Number) is 81-4581850. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in The Leah and Richard Waitzer Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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