The Pauley Family Foundation
- Assets
- $2.1b
- Revenue
- $57.9m
- Investments
- $1.9b
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 54-1685158
Organization Overview
The Pauley Family Foundation is located in Richmond, VA. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public 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. Pauley Family 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 12/2023, Pauley Family Foundation generated $57.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $7.5m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Pauley Family Foundation has awarded 319 individual grants totaling $65,800,044. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PAULEY FAMILY FOUNDATION SUPPORTS A BROAD RANGE OF CHARITABLE PURPOSES IN THE RICHMOND REGION, WITH A FOCUS ON EDUCATION, HEALTH, AND HUMAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY EDUCATION - A HIGH QUALITY EDUCATION OPENS DOORS TO FUTURE OPPORTUNITIES FOR OUR REGION'S CHILDREN AND YOUTH. THE FOUNDATION SUPPORTS ORGANIZATIONS THAT PROVIDE DIRECT EDUCATIONAL OPPORTUNITIES, WRAPAROUND SERVICES, AND ACCESS TO LEARNING OUTSIDE OF SCHOOL HOURS. FUNDED ACTIVITIES INCLUDE: EARLY CHILDHOOD LEARNING; QUALITY OUT-OF-SCHOOL TIME PROGRAMS; ACCESS TO HIGH-QUALITY K-12 EDUCATION FOR LOW-INCOME STUDENTS, INCLUDING FUNDING FOR PRIVATE SCHOOLS; WRAPAROUND SERVICES THAT ENSURE CHILDREN ARE READY TO LEARN; AND POST-SECONDARY OPPORTUNITIES, INCLUDING HIGHER EDUCATION.
ARTS AND CULTURE - VIBRANT, ACCESSIBLE ARTS AND CULTURAL AND HISTORIC ORGANIZATIONS ARE A NECESSARY COMPONENT OF A THRIVING REGION. THE FOUNDATION SUPPORTS ACTIVITIES THAT EXPAND THE REACH OF ARTS, CULTURAL, AND HISTORIC INSTITUTIONS BY MAKING THEIR ACTIVITIES AVAILABLE TO THE PUBLIC. THE FOUNDATION IS PARTICULARLY INTERESTED IN SUPPORTING ORGANIZATIONS THAT PROVIDE ACCESS TO ARTS, CULTURAL, OR HISTORIC RESOURCES FOR LOW-INCOME RESIDENTS AND SCHOOL CHILDREN. FUNDED ACTIVITIES INCLUDE: ACTIVITIES THAT SUPPORT A COMPREHENSIVE NETWORK OF ARTS/CULTURAL/HISTORIC ORGANIZATIONS; PROGRAMS THAT PROVIDE FREE OR REDUCED-PRICE ENTRY TO LOW-INCOME HOUSEHOLDS; PROGRAMS THAT PROVIDE ACCESS TO SCHOOL CHILDREN ATTENDING TITLE I SCHOOLS; AND ACTIVITIES THAT ASSIST IN SCHOOL TEACHERS BRINGING ARTS/CULTURAL/HISTORIC RESOURCES TO THEIR CLASSROOMS.
A HEALTHY COMMUNITY - BASIC PHYSICAL HEALTH IS MULTI-FACETED AND PROVIDES THE BUILDING BLOCKS FOR ALL OTHER ASPECTS OF LIFE. THE FOUNDATION SEEKS TO SUPPORT ORGANIZATIONS THAT ENSURE INDIVIDUALS HAVE ACCESS TO THE PHYSICAL HEALTH, BEHAVIORAL HEALTH, FOOD, AND SUPPORTIVE SERVICES THEY NEED. FUNDED ACTIVITIES INCLUDE: PRIMARY HEALTHCARE FOR LOW-INCOME RESIDENTS; MENTAL HEALTHCARE, PARTICULARLY FOR CHILDREN; SUPPORTIVE SERVICES FOR SENIORS; AND ACCESS TO FOOD.
STABLE, AFFORDABLE HOUSING - AFFORDABLE HOUSING PROVIDES HOUSEHOLD STABILITY AND WEALTH-BUILDING OPPORTUNITIES FOR FAMILIES IN OUR REGION. THE FOUNDATION SUPPORTS ORGANIZATIONS THAT ENSURE LOW-INCOME RESIDENTS CAN ACCESS AND MAINTAIN STABLE HOUSING THAT IS AFFORDABLE FOR THEIR INCOME. FUNDED ACTIVITIES INCLUDE: AFFORDABLE RENTAL HOMES AND APARTMENTS; HOME OWNERSHIP OPPORTUNITIES FOR LOW TO MEDIUM INCOME BUYERS; EVICTION PREVENTION PROGRAMS; AND SERVICES FOR INDIVIDUALS EXPERIENCING HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine Pauley Hickok Chair | OfficerTrustee | 5 | $0 |
Nancy R Belleman Director | Trustee | 0.5 | $0 |
Adam E Hickok Director | Trustee | 0.5 | $0 |
Katharine H Stark Director | Trustee | 0.5 | $0 |
Fred Tattersall Director | Trustee | 0.5 | $0 |
Jane G Watkins Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $57,830,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,857,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,938,454 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,941 |
| Fees for services: Accounting | $37,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $486,983 |
| Fees for services: Other | $22,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $7,510,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $249,266,408 |
| Investments—other securities | $1,894,017,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,143,804,851 |
| Accounts payable and accrued expenses | $20,327 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,327 |
| Net assets without donor restrictions | $2,143,784,524 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,143,804,851 |
Grants Awarded
Over the last fiscal year, The Pauley Family Foundation has awarded $6,938,454 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS--AREA CONGREGATIONS TOGETHER IN SERVICE PURPOSE: GENERAL OPERATING FUNDS TO SUPPORT DIRECT FINANCIAL SUPPORT TO EVICTION DIVERSION | $250,000 |
AGECROFT ASSOCIATION PURPOSE: BUILDING MAINTENANCE | $25,000 |
ANNA JULIA COOPER SCHOOL PURPOSE: GENERAL OPERATING FUNDS TO SUPPORT ACCESSIBLE QUALITY EDUCATION | $75,000 |
BETTER HOUSING COALITION PURPOSE: CAPITAL SUPPORT FOR AFFORDABLE RENTAL HOUSING DEVELOPMENTS AND GENERAL OPERATING FUNDS TO SUPPORT HOUSING COMMUNITIES FOR LOW-INCOME RESIDENTS | $600,000 |
BIRTH IN COLOR RVA FOUNDATION PURPOSE: GENERAL OPERATING FUNDS FOR SUPPORT WITH INFANT AND MATERNAL MORTALITY IN THE BLACK COMMUNITY | $25,000 |
BON SECOURS RICHMOND HEALTH CARE FOUNDATION PURPOSE: CHILDRENS HOPE GALA - MISSION SPONSOR (NO BENEFITS) | $10,000 |