The Virginia Foundation for Community
The Virginia Foundation for Community College Education (VFCCE) is a 501(c)(3) nonprofit organization headquartered in Richmond, Virginia. Founded in 1969, the organization works in partnership with Virginia's 23 community colleges to coordinate statewide fundraising efforts and provide financial assistance to students pursuing higher education through the community college system.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.1M
+10.6% YoY
Annual Giving
$2.3M
+23.5% YoY
Grant Count
34
+6.3% YoY
Avg Grant Size
$67K
+16.2% YoY
Mission & Focus Areas
The VFCCE seeks to guarantee financial assistance to all students who dream of attending college, working hand in hand with Virginia's 23 community colleges to ensure access, affordability, and student success across the system.
The organization supports students who are at risk of being derailed from their educational trajectory, including:
- Foster youth
- Rural residents
- Working poor
- Parent students
Primary Program Areas:
Scholarships & Fellowships Program (since 2006) The Foundation has supported hundreds of students across Virginia's 23 community colleges through its scholarships and fellowships program. The organization has awarded more than $6 million in scholarships to date. In the 2023-24 academic year, 103 scholarships were awarded, totaling $458,566.
The prestigious Fellows Program awards high-achieving second-year students with full scholarship support to complete associate degrees and develop leadership skills through a cohort model. Since its launch in 2011, 320 students have received financial support, mentoring, and leadership training through the Fellows Program.
College Attainment for Parent Students (CAPS) Launched in 2023, this critical initiative supports single parents from low-income backgrounds as they pursue college education. The program advances a two-generation, anti-poverty solution that increases employment and income opportunities.
Grantmaking
The organization's grant-making focuses on education, philanthropy, voluntarism & grantmaking, and professional societies & associations, primarily within Virginia.
Average Grant
amount: Data available in IRS Form 990 filings
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Geographic Focus
Where this funder awards grants
The VFCCE funds exclusively within Virginia, supporting students and initiatives across all 23 of Virginia's community colleges.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $17,135,891
- Total Revenue: $5,247,332
- Total Expenses: $5,733,792
- Total Liabilities: $2,000,000
As of 2023:
- Total Assets: $15,491,078
- Total Revenue: $5,006,881
- Total Expenses: $4,811,518
Rating: The organization holds a Three-Star rating with an 89% score, indicating strong performance in accountability, finance, impact, and measurement.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,135,891 | $15,491,078 | $14,266,260 |
| Revenue | $5,247,332 | $5,006,881 | $5,888,244 |
| Expenses | $5,733,792 | $4,811,518 | $3,788,599 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,034,376 | $484,007 | $564,777 |
| Distributable Amount | — | — | — |
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
150 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GAYE MONTGOMERY | DIRECTOR | 1 | — |
| ANNA JAMES | TREASURER | 1.5 | — |
| BEN DAVENPORT JR | BOARD CHAIR | 1.5 | — |
| CAROLINE PETTERS SAUER | DIRECTOR | 1 | — |
| CEDRIC GREEN | SECRETARY | 1.5 | — |
| CHRIS FRENCH | DIRECTOR | 1 | — |
| DAVID DORE | DIRECTOR | 1 | — |
| DARREN CONNER | DIRECTOR | 1 | — |
| FRED THOMPSON | DIRECTOR | 1 | — |
| WILLIAM HAZEL JR | DIRECTOR | 1 | — |
| ED DALRYMPLE | DIRECTOR | 1 | — |
| SALLY CALDWELL | DIRECTOR | 1 | — |
| AMY HENECKE | DIRECTOR | 1 | — |
| JENNIE REYNOLDS | DIRECTOR | 1 | — |
| JENNIFER SAGER GENTRY | DIRECTOR; EXECUTIVE DIRECT | 35 | — |
| JOHN J RAINONE | DIRECTOR | 1 | — |
| JULIA GILLIAM STERLING | DIRECTOR | 1 | — |
| JUSTIN BALLARD | DIRECTOR | 1 | — |
| LEAH FRIED SEDWICK | DIRECTOR | 1 | — |
| MARY MORRIS | DIRECTOR | 1 | — |
| MAURICE JONES | DIRECTOR | 1 | — |
| PHILIP H GOODPASTURE GENERAL COUNSE | DIRECTOR | 1 | — |
| RONALD H HOLMES | DIRECTOR | 1 | — |
| MICHAEL O'KANE | DIRECTOR | 1 | — |
| XAVIER BEALE | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
HCA Virginia announced a $50,000 grant to the VFCCE to expand access to healthcare careers
HCA Virginia announces $50K grant to expand access to healthcare ...The organization continues to accept applications for scholarships and fellowships through its community college partners
News - Virginia Foundation for Community College EducationThe CAPS program represents an expansion of the organization's focus to address multi-generational poverty through educational attainment
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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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