The Mary Morton Parsons Foundation logo

The Mary Morton Parsons Foundation

Foundation · Grantmaker Richmond, VA EIN: 54-1530891 Website

The Mary Morton Parsons Foundation is a Richmond, Virginia-based private foundation that supports charitable organizations in Richmond and throughout the Commonwealth, primarily for capital projects. It describes itself as a private, independent foundation and says it partners with local organizations through matching and challenge grants.

Key facts about The Mary Morton Parsons Foundation

In short: The Mary Morton Parsons Foundation gave $9.5M across 71 grants in 2024 (avg $134K), mostly in Virginia. 46% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
54-1530891
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$9,537,000
Grants made (2024)
71
Average grant
$134,324
Median grant
$50,000
New grantees (estimate)
46% first-time grantees (33 of 71, 2024)
Total assets
$137,592,523
Primary geography
Virginia (97% of itemized 2024 grant dollars)
How to apply
Applications are submitted through the online portal. Full details ↓
Deadline
For the Fall 2026 cycle, the Contact Form is due by 5 p.m.

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$137.6M

+4.3% YoY

Annual Giving

$9.5M

+33.8% YoY

Grant Count

71

-6.6% YoY

Avg Grant Size

$134K

+43.2% YoY

Under IRS private-foundation payout rules, The Mary Morton Parsons Foundation reported a distributable amount of $6.6M for 2024 — the minimum it must pay out in qualifying distributions.

Is The Mary Morton Parsons Foundation open to new grantees?

46%

first-time grantees, 2024

In 2024, 33 of 71 grantees (46%) were first-time recipients. First grants averaged $182K; repeat grants $93K. How we count

Medians: $100K first-time, $10K repeat.

  • 46% of 2024 grantees were also funded in 2023. Method
  • Giving grew 52% from 2021 to 2024. Method
  • In 2024 it paid out 144% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The Foundation’s mission is to support nonprofit organizations throughout Virginia, primarily for capital projects. Its focus areas are arts and culture; civic and community needs; education; environment and conservation; historic preservation; and social services and welfare.

The Foundation supports a range of organizations and projects. For example, Better Housing Coalition says its mission is to develop affordable housing communities in the Richmond metropolitan area; Virginia Repertory Theatre says it uses live theatre to entertain, challenge, and uplift communities; and CARITAS says it creates a safe space to heal and time to rebuild. These grantees received capital-project support in 2024.

Grantmaking

In filing year 2024, the Foundation reported 71 grants totaling $9,537,000. Grants ranged from $5,000 to $1,000,000, with a median of $50,000. The Foundation says awards are generally $50,000–$500,000, are typically made on a challenge or matching basis, and usually fund no more than one-third of a project’s cost. It does not consider multi-year funding.

Review Cycle

** For the Fall 2026 cycle, the Contact Form is due by 5 p.m. on August 28, 2026, and invited applications are due by 5 p.m. on September 15, 2026. The Foundation also has a Spring cycle; its guidelines list February 26 for the Contact Form and March 15 for the application.

Open Grants

1 open opportunity from The Mary Morton Parsons Foundation

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Geographic Focus

Where this funder awards grants

The Foundation makes grants to eligible nonprofits in Richmond and across Virginia, with priority given to qualifying organizations in the Richmond area. Its guidelines also include organizations with a direct impact in the Commonwealth. In 2024, 97% of grant dollars went to Virginia recipients and 3% to Minnesota recipients.

Grant Distribution by State

7states

Share of all 71 itemized 2024 grant dollars.

Cities

RichmondCharlottesvilleMechanicsvilleGoochlandHenricoChesterfieldNorfolkWilliamsburgBismarkHarrisonburgPowhatanAshlandGloucester PointLynchburgNew CanaanWarsawChesterFarmvilleIndianapolisLexington

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5M$5M$7.5M$10M53 grants202052 grants202172 grants202276 grants202371 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Virginia Museum of Fine Arts: $1.0MVirginia Museum of Fine Arts$1.0MVPM Public Media: $750KVPM Public Media$750KCross-Over Ministry: $605KCross-Over Ministry$605KBetter Housing Coalition: $500KBetter Housing Coalition$500KLiberation Veteran Services Inc: $500KLiberation Veteran ServicesInc$500KRonald McDonald House Charities of Richmond: $500KRonald McDonald HouseCharities of Richmond$500KVirginia Repertory Theatre: $500KVirginia Repertory Theatre$500KCaritas: $365KCaritas$365KColonial Williamsburg Foundation: $320KColonial WilliamsburgFoundation$320KHampden-Sydney College: $300KHampden-Sydney College$300K

Grant Size Distribution

324 grants across all recorded years

159<$50K44$50–100K61$100–250K39$250–500K19$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
VIRGINIA MUSEUM OF FINE ARTS Richmond, VASUPPORT CAPITAL CAMPAIGN WITH FOCUS ON RENOVATION OF THE LESLIE CHEEK THEATER$1,000,000
VPM PUBLIC MEDIA Richmond, VABUILD A NEW HEADQUARTERS IN DOWNTOWN RICHMOND$750,000
CROSS-OVER MINISTRY Richmond, VAPURCHASE AND RENOVATE HENRICO CLINIC BUILDING AND RENOVATE RICHMOND CLINIC BUILDING$605,000
BETTER HOUSING COALITION Richmond, VASUPPORT THE COLBROOK DEVELOPMENT$500,000
LIBERATION VETERAN SERVICES INC Richmond, VASUPPORT CONSTRUCTION OF PHASE I OF VETERANS VILLAGE, A NEW 38-UNIT MICRO-APARTMENT BUILDING$500,000
RONALD MCDONALD HOUSE CHARITIES OF RICHMOND Richmond, VASUPPORT THE CONSTRUCTION OF THE RONALD MCDONALD HOUSE AT VCU CHILDREN'S TOWER AND THE NEW GUESTROOM RONALD MCDONAL HOUSE IN RICHMOND$500,000
VIRGINIA REPERTORY THEATRE Richmond, VASUPPORT THE GREAT STAGES CAMPAIGN AND CAPITAL PROJECTS$500,000
CARITAS Richmond, VASUPPORT DINWIDDIE AVENUE MEN'S CAMPUS RENOVATION PROJECT$365,000
COLONIAL WILLIAMSBURG FOUNDATION Williamsburg, VARESTORE THE POWDER MAGAZINE$320,000
HAMPDEN-SYDNEY COLLEGE Hampdensydney, VACOMPLETE A COMPREHENSIVE HISTORIC RENOVATION OF VENABLE HALL$300,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $137,592,523 $14,165,988 $10,789,032 $9,537,000 71
2023 $131,901,277 $9,029,148 $8,074,695 $7,127,054 76
2022 $117,530,431 $6,822,912 $8,114,486 $7,184,000 72
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M$20M20202021202220232024
Metric202420232022
Total Assets$137,592,523$131,901,277$117,530,431
Revenue$14,165,988$9,029,148$6,822,912
Expenses$10,789,032$8,074,695$8,114,486
Qualifying Distributions$9,537,000$7,127,054$7,184,000
Net Investment Income$13,127,612$8,148,551$5,992,720
Distributable Amount$6,620,838$5,977,162$6,213,417

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

Leadership team and compensation from IRS filings

The 2024 filing listed Thurston R. Moore, Esq., as president; Charles F. Witthoefft, Esq., as vice president and secretary; Mrs. Palmer P. Garson as treasurer; Mrs. Amy P. Nisenson as executive director; and Edward W. Valentine as director.

The Mary Morton Parsons Foundation is led by Amy P. Nisenson, Executive Director on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Amy P. Nisenson

    Executive Director

    On filings since 2020

    20 hrs/week

    $80K (2020) → $93K (2024)

  • Thurston R. Moore Esq.

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Edward W. Valentine

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Charles F. Witthoefft Esq.

    Vice President & Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • Palmer P. Garson

    Treasurer

    On filings since 2020

    1 hr/week

    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.

Compensation Overview

From 2024 IRS filing

Mrs Amy P Nisenson — Executive Director: $93KMrs Amy P NisensonExecutive Director$93K

Contact

Application contact: Amy Nisenson
Mailing address: 8003 Franklin Farms Drive Suite, Richmond, VA 23219-4037
Phone: (804) 780-2000
Website: https://mmparsonsfoundation.org

Frequently asked questions about The Mary Morton Parsons Foundation

How much does The Mary Morton Parsons Foundation give each year?

The Mary Morton Parsons Foundation gave $9.5M across 71 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.1M across 76 grants.

What is The Mary Morton Parsons Foundation's typical grant size?

The Mary Morton Parsons Foundation's median grant in 2024 was $50,000, and its average grant was $134,324, across 71 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Mary Morton Parsons Foundation that year got $182K on average.

Where does The Mary Morton Parsons Foundation give grants?

The Mary Morton Parsons Foundation gives mostly in Virginia: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (42 grants), Williamsburg, VA (2 grants), Henrico, VA (2 grants) and Mechanicsville, VA (2 grants).

Does The Mary Morton Parsons Foundation give general operating support?

Yes: 30% of The Mary Morton Parsons Foundation's 2024 grants with a stated purpose (21 of 71) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are The Mary Morton Parsons Foundation's largest grantees?

The Mary Morton Parsons Foundation's largest 2024 grantees include Virginia Museum of Fine Arts ($1,000,000), VPM Public Media ($750,000) and Cross-Over Ministry ($605,000), according to its 2024 IRS Form 990-PF. Together they received 25% of its itemized 2024 grant dollars.

How large is The Mary Morton Parsons Foundation?

The Mary Morton Parsons Foundation reported $137.6M in total assets on its 2024 IRS Form 990-PF. It paid out $9.5M in qualifying distributions that year, against a required minimum of $6.6M (roughly 5% of its investment assets).

What does The Mary Morton Parsons Foundation fund?

The Foundation’s mission is to support nonprofit organizations throughout Virginia, primarily for capital projects. Its focus areas are arts and culture; civic and community needs; education; environment and conservation; historic preservation; and social services and welfare. The Foundation supports a range of organizations and projects. For example, Better Housing Coalition says its mission is to develop affordable housing communities in the Richmond metropolitan area; Virginia Repertory Thea…

How do I apply for a grant from The Mary Morton Parsons Foundation?

Applications are submitted through the online portal. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is The Mary Morton Parsons Foundation's EIN?

The Mary Morton Parsons Foundation's EIN (Employer Identification Number) is 54-1530891. 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. Research dossier generated September 2026.

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