VBA Education Foundation logo

VBA Education Foundation

Public charity · Grantmaker Glen Allen, VA EIN: 20-4943021 Website

It is the mission of the VBA Education Foundation to advance personal financial literacy across the commonwealth of Virginia.

Key facts about VBA Education Foundation

In short: VBA Education Foundation gave $142K across 2 grants in 2025 (avg $71K), mostly in Virginia. Source: 2025 IRS Form 990.

EIN
20-4943021
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$142,000
Grants made (2025)
2
Average grant
$71,000
Median grant
$71,000
Total assets
$2,180,337
Primary geography
Virginia (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.2M

+4.2% YoY

Annual Giving

$142K

-5.0% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$71K

+42.5% YoY

How VBA Education Foundation gives

  • Giving held roughly steady from 2022 to 2025 (−17%). Method

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

About VBA Education Foundation

Based on IRS filings

VBA Education Foundation is a public charity, based in Glen Allen, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 2 grants totaling $142K. Net investment income was $160K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

Richmond

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2020 3 grants2021 3 grants2022 3 grants2023 3 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $53K (2021) to $172K (2022). In 2025 it made 2 grants totaling $142K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

The Virginia Foundation of Community College Education: $110KThe Virginia Foundation ofCommunity College Education$110KVirginia Council on Economic Education: $32KVirginia Council on EconomicEducation$32K

The largest 2025 recipient was The Virginia Foundation of Community College Education ($110K). Together the top 2 received $142K.

Grant Size Distribution

14 grants across all recorded years

10<$50K$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 14 (71%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Virginia Foundation of Community College Education Richmond, VAFunding scholarships for underserved students in the community college system$110,000
Virginia Council on Economic Education Richmond, VAVa Public School Educators and for UVA Wise$32,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$2,180,337$2,092,195$2,085,996
Revenue$278,570$194,777$402,004
Expenses$190,428$188,578$204,434
Net Investment Income$159,959$90,028$264,994

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS August 9, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS July 21, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS August 8, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS October 21, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS September 10, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS June 29, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

VBA Education Foundation is led by Bruce T. Whitehurst, President since 2023 (on filings since 2020); none of the 20 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Bruce T. Whitehurst

    President

    Board Member → President, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gary R. Shook

    Chairman

    Board Member → Chairman, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Walter C. Ayers

    Director Emiritus

    Director Emeritus → Director Emiritus, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Dorothy M. Welch

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jeffrey M. Szyperski

    Board Member

    Immediate Past Chairman → Board Member, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jennifer W. Knighting

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Leton L. Harding Jr.

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Scott C. Harvard

    Board Member

    Chairman → Board Member, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • T. Patrick Collins

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Nathalia D. Artus

    Board Member

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jeffrey V. Haley

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Litz H. Van Dyke

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Monica McDearmon

    Secretary

    On filings since 2023

    1 hr/week

    No compensation reported

  • Stacy Puckett

    Treasurer

    On filings since 2023

    1 hr/week

    No compensation reported

  • Steven C. Yeakel

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Thomas L. Rasey Jr.

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Timothy M. Duffee

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brandon C. Lorey

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

  • Corey Connors

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Tracie A. Gallahan

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (5)
  • Former: Charles H. Majors (2020–2022) — Board Member
  • Former: Jeff Haley (2020–2022) — Board Member
  • Former: Steven C. Yeakel Cae (2020–2022) — Board Member
  • Former: Tim Duffee (2020–2022) — Board Member
  • Former: Charles R. Henderson Jr. (2020) — Board Member

Data from IRS Form 990 filings, 2020–2025. "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 VBA Education Foundation

How much does VBA Education Foundation give each year?

VBA Education Foundation gave $142K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $150K across 3 grants.

How large is VBA Education Foundation?

VBA Education Foundation reported $2.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $279K.

Where does VBA Education Foundation operate?

VBA Education Foundation has awarded grants in Virginia.

What is VBA Education Foundation's EIN?

VBA Education Foundation's EIN (Employer Identification Number) is 20-4943021. IRS Form 990 filing data is available on this page for 2020–2025.

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

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