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
Under IRS private-foundation payout rules, Walter Payne Foundation reported a distributable amount of $228K for 2025 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2025 grants, the largest include Faces Food Pantry ($15,000), Lynchburg Daily Bread ($13,000), Virginia Legal Aid Society ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| APPOMATTOX VOL FIRE DEPARTMENT APPOMATTOX, VA | CHARITABLE | $4,000 |
| HOLIDAY LAKE 4-H EDUCATIONAL CENTER APPOMATTOX, VA | SUPPORT NATURAL RESOURCES EDUCATIONAL PROGRAM | $11,000 |
| PROSPECT VOL FIRE DEPARTMENT FARMVILLE, VA | UPGRADE PROTECTIVE EQUIPMENT | $8,000 |
| CONCORD VOL FIRE DEPARTMENT CONCORD, VA | FUND PURCHASE OF PPE | $7,500 |
| PAMPLIN VOL FIRE DEPARTMENT PAMPLIN, VA | UPGRADE EMERGENCY EQUIPMENT | $8,000 |
| LONGWOOD CENTER FOR THE VISUAL ARTS FARMVILLE, VA | SUPPORT COMMUNITY ARTS PROGRAMS | $8,000 |
| DARLINGTON HEIGHTS VOL FIRE DE PAMPLIN, VA | FUND BLDG IMPR AND PPE | $5,000 |
| FACES FOOD PANTRY FARMVILLE, VA | SUPPORT FOOD PROG FOR THE PROVISHED | $15,000 |
| PIEDMONT HABITAT FOR HUMANITY FARMVILLE, VA | FUND HOUSING PROJECTS | $10,000 |
| PROSPECT HISTORICAL SOCIETY PROSPECT, VA | SUPPORT RESTORATION OF HISTORICAL BUILDINGS | $1,500 |
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
Frequently Asked Questions
What does Walter Payne Foundation fund?
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)
How do I apply for a grant from Walter Payne Foundation?
• **Typical Award Range:** $1,500–$15,000 • **Total Giving (FY 2024):** $199,500 • **Number of Grants:** 16 grants made in fiscal year 2024 | Grantee | Purpose | Amount | |---------|---------|--------| | Lynchburg Daily Bread | Support Food Ministry for the Hungry | $13,000 | | Virginia Legal Aid Society | Fund Legal Aid for the Poor | $12,000 | | Wolfbane Productions | Support Educational Project | $12,000 | The foundation made 13 additional grants in the same period.
Where does Walter Payne Foundation make grants?
The foundation primarily funds organizations in Virginia.
What size grants does Walter Payne Foundation award?
In 2025, Walter Payne Foundation awarded 24 grants totaling $199K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Walter Payne Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Walter Payne Foundation reported a distributable amount of $228K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter Payne Foundation's EIN?
Walter Payne Foundation's EIN (Employer Identification Number) is 01-0626611. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Walter Payne Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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