The Leah and Richard Waitzer Foundation

Private foundation · Grantmaker Virginia Beach, VA EIN: 81-4581850

The Leah and Richard Waitzer Foundation is a private foundation, 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.

Key facts about The Leah and Richard Waitzer Foundation

In short: The Leah and Richard Waitzer Foundation gave $14.8M across 3 grants in 2024 (avg $4.9M), mostly in Virginia. Source: 2024 IRS Form 990-PF.

EIN
81-4581850
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$14,799,000
Grants made (2024)
3
Average grant
$4,933,000
Median grant
$125,000
Total assets
$67,422,786
Primary geography
Virginia (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

How The Leah and Richard Waitzer Foundation gives

  • Giving grew 609% from 2021 to 2024. Method
  • In 2024 it paid out 452% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

NorfolkKennesawDetroitVirginia Beach

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M2 grants2020 4 grants2021 5 grants2022 0 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $285K (2020) to $14.8M (2024). In 2024 it made 3 grants totaling $14.8M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Old Dominion Museum Foundation: $14.7MOld Dominion Museum Foundation$14.7MCHKD: $125KCHKD$125KCASA: $10KCASA$10K

The largest 2024 recipient was Old Dominion Museum Foundation ($14.7M). Together the top 3 received $14.8M.

Grant Size Distribution

14 grants across all recorded years

2<$50K1$50–100K4$100–250K2$250–500K1$500K–1M3$1–5M1$5M+

The most common grant size was in the $100–250K range: 4 grants of 14 (29%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Old Dominion Museum Foundation Norfolk, VATo Further Charitable Purpose$14,664,000
CHKD Norfolk, VATo Further Charitable Purpose$125,000
CASA Virginia Beach, VATo Further Charitable Purpose$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024
Metric202420232022
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

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Leah and Richard Waitzer Foundation is led by Bradley J Waitzer, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bradley J Waitzer

    President

    On filings since 2020

    No compensation reported

  • Edwin S. Waitzer

    Vice President, Secretary & Treasurer

    On filings since 2020

    No compensation reported

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 Leah and Richard Waitzer Foundation

How much does The Leah and Richard Waitzer Foundation give each year?

The Leah and Richard Waitzer Foundation gave $14.8M across 3 grants in 2024, according to its 2024 IRS Form 990-PF.

What is The Leah and Richard Waitzer Foundation's typical grant size?

The Leah and Richard Waitzer Foundation's median grant in 2024 was $125,000, and its average grant was $4,933,000, across 3 grants on its 2024 IRS Form 990-PF.

Where does The Leah and Richard Waitzer Foundation give grants?

The Leah and Richard Waitzer Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Norfolk, VA (2 grants).

How large is The Leah and Richard Waitzer Foundation?

The Leah and Richard Waitzer Foundation reported $67.4M in total assets on its 2024 IRS Form 990-PF. It paid out $14.8M in qualifying distributions that year, against a required minimum of $3.3M (roughly 5% of its investment assets).

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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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