Towne Realty Foundation
Towne Realty Foundation is a private foundation, based in Virginia Beach, VA. IRS filing data is available from 2019 through 2023. In 2023, it awarded 1 grant totaling $8K.
Towne Realty Foundation at a glance
In short: Towne Realty Foundation gave $8K across 1 grant in 2023 (avg $8K), mostly in Virginia. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $8,125
- Grants made (2023)
- 1
- Average grant
- $8,125
- Median grant
- $8,125
- Primary geography
- Virginia (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Towne Realty Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Rose & Womble Foundation Inc ($8K).
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Towne Realty Foundation gives
- Giving fell 84% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $8K (2023) to $50K (2020). In 2023 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rose & Womble Foundation Inc Virginia Beach, VA | Scholarships | $8,125 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2023 | — | — | $13,461 | $8,125 | 1 | $8,125 | $420 |
| 2022 | $13,461 | $7,450 | $1,555 | — | — | — | $647 |
| 2021 | $7,566 | $4,665 | $2,806 | — | — | — | $233 |
| 2020 | $5,707 | $7,734 | $52,886 | $50,000 | 10 | — | $1,482 |
| 2019 | $50,859 | $77,335 | $67,070 | $35,000 | 7 | — | $1,867 |
Under IRS private-foundation payout rules, Towne Realty Foundation reported a distributable amount of $420 for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Towne Realty Foundation is led by Barbara M. Wolcott, President on every filing since 2019; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Barbara M. Wolcott
President
On filings since 2019
No compensation reported
Kimber Smith
Secretary & Director
On filings since 2021
No compensation reported
Former officers (1)
- Former: Owen R. Thornton (2019–2020) — Chairperson
Data from IRS Form 990 filings, 2019–2023. "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 Towne Realty Foundation
How much does Towne Realty Foundation give each year?
Towne Realty Foundation gave $8K across 1 grant in 2023, according to its 2023 IRS Form 990-PF.
Where does Towne Realty Foundation operate?
Towne Realty Foundation has awarded grants in Virginia.
How much is Towne Realty Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Towne Realty Foundation reported a distributable amount of $420 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Towne Realty Foundation's EIN?
Towne Realty Foundation's EIN (Employer Identification Number) is 82-5282395. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- IRS filings on file for fiscal years 2020–2023
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