Charlottesville Area Community Foundation
91% goes to programs $1 to raise $100 Strong reserves Declining revenue
Charlottesville Area Community Foundation is a 501(c)(3) organization based in Charlottesvle, Virginia, registered in 1989, with $39,042,429 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
Po Box 1767, Charlottesvle, VA, 22902 EIN 54-1506312 Since 1989
Revenue (FY2024)
$39.0M
▲ 33.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$34.9M
Net assets
$265.8M
Employees
19
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating91% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Charlottesville Area Community Foundation: 91% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating91 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Charlottesville Area Community Foundation: 91 mo reserves · +11% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Charlottesville Area Community Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Charlottesville Area Community Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Grants to non-profits mainly in central va & manage charitable funds for individuals & agencies.
What they do
We facilitate philanthropy for positive change in our community. in 2018, we distributed a total of $19 million to 802 nonprofits. grants went to health care, education, children's services, animal welfare, environment, & the arts. charitable dollars also supported schools, parks, community facilities & services, camps, clubs, and day care for all ages. we are committed to excellence in fund management. in 2018, assets under administration totaled $179 million. we ended the year with an 8.3% ten-year average net investment return. we opened 26 new funds to manage 350 funds for individuals and agencies. these funds include 34 scholarship funds and endowment funds for 45 other non-profit organizations. we facilitated over 4180 transactions (1970 contributions and 2210 distributions).
Contact & location
- Address
- Po Box 1767, Charlottesvle, VA, 22902
- City
- Charlottesvle
- State
- Virginia
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $10.5M (FY2013) to $39.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.6MNet assets $265.8M
Operating margin
10.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$292.3M
Total liabilities
$26.6M
Net assets
$265.8M
Salaries & benefits
$2.2M
6% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $39,042,429▲33.6% | $34,865,645▲14.4% | $265,767,816▲4.7% | $292,325,553▼1.7% | 990 |
| 2023 | $29,228,230▼14.1% | $30,468,022▲37.9% | $253,744,862▲3.8% | $297,514,304▲5.4% | 990 |
| 2022 | $34,031,723▼56.2% | $22,101,245▼39.0% | $244,344,860▼15.6% | $282,309,437▼16.9% | 990 |
| 2021 | $77,610,040▲146% | $36,249,618▲22.8% | $289,648,036▲17.6% | $339,690,669▲19.6% | 990 |
| 2020 | $31,612,089▲81.3% | $29,507,596▲26.8% | $246,347,869▲22.5% | $284,044,465▲22.6% | 990 |
| 2019 | $17,432,971▼44.4% | $23,273,421▲20.5% | $201,045,477▲10.1% | $231,772,854▲13.6% | 990 |
| 2018 | $31,328,769▲31.7% | $19,318,335▲21.5% | $182,563,804▲2.7% | $204,110,682▲1.2% | 990 |
| 2017 | $23,792,921▼14.5% | $15,893,369▼26.3% | $177,827,350▲13.5% | $201,685,561▲13.7% | 990 |
| 2016 | $27,815,917▼54.4% | $21,562,730▲92.6% | $156,703,140▲4.9% | $177,421,530▲6.5% | 990 |
| 2015 | $61,010,020▲356% | $11,196,755▲27.8% | $149,341,322▲43.0% | $166,660,633▲39.7% | 990 |
| 2014 | $13,385,022▲27.6% | $8,761,029▼7.0% | $104,457,999▲4.4% | $119,281,164▲4.1% | 990 |
| 2013 | $10,487,328 | $9,423,967▲7.7% | $100,042,212▲8.6% | $114,610,924▲10.3% | 990 |
| 2012 | — | $8,751,857 | $92,121,037 | $103,891,600 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Brennan Gould — $300,202 (0.86% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brennan Gould | President, Treasurer & Ceo | 40 | $300,202 |
| Ryan Jacoby | Director of Operations | 40 | $167,153 |
| Eboni Bugg | Director of Community Inve | 40 | $152,092 |
| Terrel White | Director of Advancement | 40 | $124,800 |
| Alexander Gross | Sr. Programs Manager | 40 | $104,875 |
| Justin Reid | Sr. Programs Manager | 40 | $102,752 |
| Jake Zarnegar | Secretary | 1 | — |
| Mr Antwon Brinson | Director | 1 | — |
| Mr Bob Downer | Director | 1 | — |
| Mr Charles Lewis | Director | 1 | — |
| Mr Glenn Rust | Director | 1 | — |
| Mr Josephus Allmond | Director | 1 | — |
| Mr Ray Mishler | Director | 1 | — |
| Mr Robert D Sweeney | Director | 1 | — |
| Mrs Diane Schmidt | Director | 1 | — |
| Mrs Kristin Henningsen | Vice-chair | 1 | — |
| Ms Andrea Roberts | Chair | 1 | — |
| Ms Ashleigh O'brien | Director | 1 | — |
| Ms Bethan Teachman | Director | 1 | — |
| Ms Helene Downs | Director | 1 | — |
Grants received · $10.3M total
79 grants to Charlottesville Area Community Foundation totaling $10.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2024 | $34,442 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $27,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| The Bessemer Giving Fund | General support | 2024 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $8,450 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $252,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $75,350 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $25,250 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $15,075 |
| American Gift Fund | Operations | 2023 | $11,500 |
| The Bessemer Giving Fund | General support | 2023 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $6,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $353,550 |
| Impactassets Inc | General support | 2022 | $250,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $26,750 |
Grants made · $27.9M in FY2024
437 grants totaling $27.9M in FY2024 — showing the 15 largest. All grants made by Charlottesville Area Community Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| The Nature Conservancy | Tree planting campaign and general purposes | $1,217,019 |
| Statue of Liberty Ellis Island Foundation | General purposes | $1,025,000 |
| Mayo Clinic | Bill hewitt employee wellness center payment 2 of 2 | $1,000,000 |
| New Hill Development Corporation | Beacon commercial kitchen construction and black business incubator | $874,000 |
| Piedmont Housing Alliance | General purposes, black mothers blooming steering committee, kindlewood elc consultant fee and support early learning center | $791,827 |
| Hayground School Inc | General purposes and founders fund capital campaign | $760,000 |
| The Women's Initiative | General purposes | $688,664 |
| St Augustine Wild Reserve | General purposes | $540,000 |
| Bank of America Charitable Gift Fund | Close fund and transfer account balance to boa charitable | $500,181 |
| Hamptons Art Camp Inc | Hamptons community outreach | $500,000 |
| University Cooperative School | General purposes | $500,000 |
| Chesapeake Bay Foundation | General purposes and engaging virginia students in nature's classroom | $425,600 |
| Atta Impact Capital Inc | General purposes from michael donovan | $375,000 |
| Ola of Eastern Long Island Inc | General purposes | $359,215 |
| Boys & Girls Clubs of Central Virginia | Unrestricted purposes and bgccva summer literacy | $357,471 |
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Compare Charlottesville Area Community Foundation
Frequently asked questions
- Is Charlottesville Area Community Foundation a legitimate nonprofit?
- Yes. Charlottesville Area Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-1506312, based in Charlottesvle, Virginia. Donations are tax-deductible.
- What is Charlottesville Area Community Foundation's EIN?
- Charlottesville Area Community Foundation's Employer Identification Number (EIN) is 54-1506312.
- How much revenue does Charlottesville Area Community Foundation report?
- Charlottesville Area Community Foundation reported $39,042,429 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Charlottesville Area Community Foundation's spending goes to programs?
- Charlottesville Area Community Foundation spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Charlottesville Area Community Foundation have?
- CharityIndex grades Charlottesville Area Community Foundation A, based on program efficiency and fundraising cost.
- How much does Charlottesville Area Community Foundation's highest-paid employee make?
- The highest reported compensation on Charlottesville Area Community Foundation's latest Form 990 is $300,202, paid to Brennan Gould (President, Treasurer & Ceo).
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Data for Charlottesville Area Community Foundation (EIN 54-1506312) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.