Townebank Richmond Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 117 grants totaling $645K. Net investment income was $892K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$645K
-10.0% YoY
Grant Count
117
-12.7% YoY
Avg Grant Size
$6K
+3.1% YoY
Under IRS private-foundation payout rules, Townebank Richmond Foundation reported a distributable amount of $787K for 2021 — the minimum it must pay out in qualifying distributions.
About Townebank Richmond Foundation
Based on IRS filings
Townebank Richmond Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 117 grants totaling $645K. Net investment income was $892K.
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 | 2021 | 2020 |
|---|---|---|
| Total Assets | — | $15,475,550 |
| Revenue | $964,729 | $527,686 |
| Expenses | $730,500 | $793,968 |
| Qualifying Distributions | $645,216 | — |
| Net Investment Income | $891,706 | $459,289 |
| Distributable Amount | $787,340 | $665,390 |
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 2021
Grant Size Distribution
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Pga Tour Charities ($50,000), Boys Girls Club of Metro Richond ($35,000), Anna Julia Cooper Episcopal School ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Anna Julia Cooper Episcopal School Richmond, VA | Contribution | $20,000 |
| All Saints Catholic School Richmond, VA | contribution | $5,000 |
| Beacon Tree Richmond, VA | contribution | $2,000 |
| Beth Sholom of VA Richmond, VA | contribution | $15,000 |
| BETTER HOUSING COALITION RICHMOND, VA | CONTRIBUTION | $15,000 |
| BETTER2GETHER RICHMOND, VA | CONTRIBUTION | $1,000 |
| BON SECOURS NURSING SCHOOL RICHMOND, VA | CONTRIBUTION | $7,500 |
| BOY SCOUTS OF AMERICA RICHMOND, VA | CONTRIBUTION | $7,500 |
| BOY SCOUTS OF AMERICA RICHMOND, VA | MATCHING CONTRIBUTION | $600 |
| BOYS GIRLS CLUB OF METRO RICHOND RICHMOND, VA | CONTRIBUTION | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elizabeth W Robertson | Chairman | 1 | — |
| T Patrick Collins | President | 2 | — |
| Brad H Booker | Director | 1 | — |
| Richard D Dickinson | Director | 1 | — |
| J Morgan Davis | Director | 1 | — |
| Kevin R Laing | Director | 1 | — |
| Duncan S Owen | Director | 1 | — |
| Erin S Jewett | Director | 1 | — |
| Hugh T Harrison Jr | Director | 1 | — |
| George C Freeman III | Director | 1 | — |
| Pamela F Carnahan | Secretary Treasurer | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Townebank Richmond Foundation?
Townebank Richmond Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds — in total assets as of 2021.
Where does Townebank Richmond Foundation operate?
Townebank Richmond Foundation has awarded grants in California, Connecticut, District of Columbia, Florida, Louisiana, Maryland, North Carolina, Texas, Virginia.
What size grants does Townebank Richmond Foundation award?
In 2021, Townebank Richmond Foundation awarded 117 grants totaling $645K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Townebank Richmond Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Townebank Richmond Foundation reported a distributable amount of $787K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Townebank Richmond Foundation's EIN?
Townebank Richmond Foundation's EIN (Employer Identification Number) is 54-1996321. IRS Form 990 filing data is available on this page for 2020–2021.
Explore Open Grants
Browse active grant opportunities in Townebank Richmond 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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