Oak Hill Fund
- Assets
- $99.4m
- Revenue
- $7.2m
- Investments
- $94.3m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 31-1810011
Organization Overview
Oak Hill Fund is located in Charlottesville, VA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hill Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Oak Hill Fund generated $7.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Oak Hill Fund has awarded 443 individual grants totaling $17,597,911. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND HAS NO DIRECT CHARITABLE ACTIVITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Edgerton Pres/treas/s | 40 | $230,604 | |
Jason E Halbert Deputy Direct | 40 | $204,850 | |
Todd Edgerton Sr Program Of | 40 | $128,054 | |
Julia P Schaff Asst To Pr/fn | 40 | $83,376 | |
Anne K O'brien Prog & Grants | 40 | $82,315 | |
Liza T Edgerton Vice Pres. | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coho Partners Ltd | 12/30/21 | $168,590 |
Harding Loevner Funds Inc | 12/30/21 | $102,948 |
Parnassus Funds | 12/30/21 | $100,910 |
T Rowe Price Fund Class I | 12/30/21 | $50,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,460,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,705,196 |
| Capital Gain Net Income | $5,705,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $144 |
| Total Revenue | $7,166,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $241,484 |
| Other employee salaries and wages | $370,932 |
| Pension plans, employee benefits | $262,140 |
| Interest | $0 |
| Taxes | $89,562 |
| Depreciation | $7,506 |
| Occupancy | $78,552 |
| Travel, conferences, and meetings | $779 |
| Printing and publications | $0 |
| Other expenses | $82,896 |
| Total operating and administrative expenses | $1,730,352 |
| Contributions, gifts, grants paid | $5,326,845 |
| Total expenses and disbursements | $7,057,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,262,155 |
| Savings and temporary cash investments | $2,245,719 |
| Net Accounts receivable | $21,980 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,617 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,515,825 |
| Net Land, buildings, and equipment | $12,715 |
| Other assets | $575,456 |
| Total assets | $99,384,131 |
| Accounts payable and accrued expenses | $44,233 |
| Grants payable | $1,243,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,486,131 |
| Total liabilities | $2,774,114 |
Grants Awarded
Over the last fiscal year, Oak Hill Fund has awarded $5,118,543 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: TO COMPLETE FIVE OR MORE CRITICAL REHAB PROJECTS FOR LOW- AND VERY LOW-INCOME HOUSEHOLDS IN THE CITY OF CHARLOTTESVILLE. | $200,000 |
Richmond, VA PURPOSE: TO OPEN A NEW HEALTH CENTER IN RICHMOND, VA IN 2020 TO EXPAND ACCESS TO REPRODUCTIVE HEALTH CARE IN THE HISTORICALLY UNDERSERVED COMMUNITY OF THE EAST END OF RICHMOND. | $150,000 |
BOOK TRUST PURPOSE: THROUGH THE 2021-22 SCHOOL YEAR, TO SERVE A TOTAL OF 4,935 BOOK TRUST STUDENTS ACROSS THE CITY OF DENVER, CO AND AT THE FAISON CENTER IN RICHMOND, VA. | $150,000 |
Asheville, NC PURPOSE: TO: 1) FINISH REMOVING TREES WITH INFERIOR BLIGHT RESISTANCE FROM MEADOWVIEW SEED ORCHARDS. 2) PLANT PROGENY OF CROSSES BETWEEN MOST RESISTANT HYBRIDS. 3) TEST A NON-DESTRUCTIVE METHOD TO SCREEN SEEDLINGS FOR BLIGHT RESISTANCE PRIOR TO PLANTING. 4) ESTABLISH SMALL SCALE PERMITTED FIELD TRIALS OF DARLING 58 AMERICAN CHESTNUTS FOR ASSESSMENT. 5) CONSERVE ADDITIONAL WILD-TYPE AMERICAN CHESTNUTS AND PLANT FOR USE IN FUTURE BREEDING. | $150,000 |
BLUE RIDGE AAF INC PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO CANNOT COVER THE FULL COST OF AN ABORTION, AND TO PARTIALLY FUND AN EXECUTIVE DIRECTOR POSITION. | $125,000 |
Charlottesville, VA PURPOSE: TO TO 1) REDUCE THE BACKLOG OF HOUSEHOLDS WAITING TO RECEIVE THE WEATHERIZATION ASSISTANCE PROGRAM (WAP), 2) BECOME A STATEWIDE ORGANIZATION SERVING LOW-INCOME RESIDENTS, REDUCING THEIR ENERGY USE AND ELECTRICITY BILLS, AND 3) FUEL-SWITCH LOW-INCOME HOUSEHOLDS TO CLEANER ELECTRICITY. THIS GRANT REQUIRES A FULL MATCH. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |