The Genan Foundation
- Assets
- $37.5m
- Revenue
- $4.8m
- Investments
- $36.3m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 54-1393561
Organization Overview
The Genan Foundation is located in Charlottesville, VA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Genan Foundation 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, Genan Foundation generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Genan Foundation has awarded 59 individual grants totaling $5,524,855. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Shannon Worrell Secretary, Director | 9 | $24,000 | |
Philip C Stone Director | 5 | $23,000 | |
Thomas S Word Jr Director | 5 | $23,000 | |
Thomas E Worrell III Vp, Director | 2 | $22,000 | |
Andrew J Dracopoli President, Director | 15 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $612,251 |
| Interest on Savings | $3,645 |
| Dividends & Interest | $818,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,179,272 |
| Capital Gain Net Income | $3,179,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $140,626 |
| Total Revenue | $4,754,630 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $44,189 |
| Taxes | $81,230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,081 |
| Printing and publications | $0 |
| Other expenses | $298,413 |
| Total operating and administrative expenses | $793,698 |
| Contributions, gifts, grants paid | $3,569,856 |
| Total expenses and disbursements | $4,363,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,200,977 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,272,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,473,645 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Genan Foundation has awarded $3,569,856 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA MUSUEM OF HISTORY AND CULTURE PURPOSE: 2ND INSTALLMENT | $500,000 |
Arlington, VA PURPOSE: THE BAKER TRACT PURCHASE | $410,000 |
MILLER CENTER FOUNDATION PURPOSE: GRANT TO SUPPORT THE OBAMA ORAL HISTORY PROJECT | $375,000 |
PIEDMONT HOUSING ALLIANCE PURPOSE: GRANT FOR CONSTRUCTION OF EARLY LEARNING AND COMMUNITY CENTER | $250,000 |
ALBEMARLE HOUSING IMPROVEMENT PROJECT PURPOSE: GRANTS TO FUND REHABILITATION OF OLDER AFFORDABLE HOUSING IN CHARLOTTESVILLE, VA | $233,000 |
THONAS JEFFERSON'S POPLAR FOREST PURPOSE: GRANT FOR CONSTRUCTION OF NEW ENTRANCE ROAD | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |