VBA Education Foundation
It is the mission of the VBA Education Foundation to advance personal financial literacy across the commonwealth of Virginia.
VBA Education Foundation at a glance
In short: VBA Education Foundation gave $142K across 2 grants in 2025 (avg $71K), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $142,000
- -5.0% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $71,000
- +42.5% vs 2024
- Median grant
- $71,000
- Total assets
- $2,180,337
- +4.2% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who VBA Education Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
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
The most common grant size was under $50K: 10 grants of 14 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How VBA Education Foundation gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $53K (2021) to $172K (2022). In 2025 it made 2 grants totaling $142K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Virginia Foundation of Community College Education Richmond, VA | Funding scholarships for underserved students in the community college system | $110,000 |
| Virginia Council on Economic Education Richmond, VA | Va Public School Educators and for UVA Wise | $32,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,180,337 | $278,570 | $190,428 | $142,000 | 2 | $159,959 |
| 2024 | $2,092,195 | $194,777 | $188,578 | $149,500 | 3 | $90,028 |
| 2023 | $2,085,996 | $402,004 | $204,434 | $169,500 | 3 | $264,994 |
| 2022 | $1,888,426 | $345,598 | $206,420 | $172,000 | 3 | $49,784 |
| 2021 | $1,749,248 | $210,777 | $88,138 | $53,000 | 3 | $118,023 |
| 2020 | $1,626,609 | $136,348 | $89,049 | $56,981 | 3 | $77,754 |
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.
Focus Areas
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 9, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 21, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 21, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 10, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work VBA Education Foundation funds
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