The Walter Payne Foundation is a private family foundation established in 2002 and based in Richmond, Virginia. The foundation operates as a 501(c)(3) organization designated for philanthropic purposes and is classified as a private grantmaking foundation.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.5M
+72.8% YoY
Annual Giving
$199K
-0.3% YoY
Grant Count
24
-4.0% YoY
Avg Grant Size
$8K
+3.9% YoY
Mission & Focus Areas
The foundation has not provided a formal mission statement. However, based on recent grantmaking activity, the foundation supports organizations in the following areas:
- Food security and hunger relief
- Legal aid and services for low-income populations
- Education and educational projects
- Human services
- Arts and culture (theater/theatrical productions)
Grantmaking
| Grantee | Purpose | Amount |
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (FY 2024)
| Metric | Amount |
|---|---|
| Total Assets | $2,616,578 |
| Total Revenue | $508,178 |
| Total Expenses | $296,956 |
| Investment Income & Dividends | $60,283 |
| Net Gain from Sale of Non-Inventory Assets | $447,823 |
Historical Financial Data (FY 2025)
- Total Assets: $4,520,000
- Total Revenue: $2,296,918
- Total Expenses: $303,181
Revenue Composition (FY 2024)
The foundation's revenue is primarily derived from investment income and capital gains rather than contributions. In FY 2024, the foundation received no grant contributions or donations, with revenue generated entirely from investment activities and asset sales.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,520,370 | $2,616,578 | $2,408,693 |
| Revenue | $2,296,918 | $508,178 | $358,206 |
| Expenses | $303,181 | $296,956 | $279,350 |
| Qualifying Distributions | $217,950 | $218,450 | $213,950 |
| Net Investment Income | $2,034,086 | $443,478 | $300,922 |
| Distributable Amount | $227,729 | $222,177 | $191,421 |
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 2025
Grant Size Distribution
120 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 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES E CRAWLEY | President | 5 | $21,657 |
| MICHAEL CRAWLEY | Vice President | 3 | $16,242 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Mjh Foundation
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The Roth Family Foundation
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Assets
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Total Given
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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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