Chase Foundation Of Virginia
- Assets
- $16.0m
- Revenue
- $1.9m
- Investments
- $13.6m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 54-1770697
Organization Overview
Chase Foundation Of Virginia is located in Charlottesville, VA. The organization was established in 1995. 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. Chase Foundation Of Virginia 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, Chase Foundation Of Virginia generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 3.8% 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 2015, Chase Foundation Of Virginia has awarded 428 individual grants totaling $5,487,088. 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 |
|---|---|---|---|
Alejandro A Chafuen PHD Chairman And Trustee | 1.92 | $0 | |
Derwood S Chase Jr President And Trustee | 1.92 | $0 | |
Stuart F Chase Vice-President, Treasurer And Trustee | 0.21 | $0 | |
Johanna B Chase Secretary And Trustee | 0.21 | $0 | |
Cheryl O Chase Trustee | 0.21 | $0 | |
John C Goodman Trustee | 0.21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $683 |
| Dividends & Interest | $191,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,613,277 |
| Capital Gain Net Income | $1,613,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $9,521 |
| Other Income | $90,432 |
| Total Revenue | $1,905,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,856 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,526 |
| Printing and publications | $0 |
| Other expenses | $99,671 |
| Total operating and administrative expenses | $125,678 |
| Contributions, gifts, grants paid | $930,800 |
| Total expenses and disbursements | $1,056,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $970 |
| Savings and temporary cash investments | $2,431,581 |
| Net Accounts receivable | $43,487 |
| 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 | $787,770 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,041,544 |
| Accounts payable and accrued expenses | $99 |
| 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 | $99 |
Grants Awarded
Over the last fiscal year, Chase Foundation Of Virginia has awarded $930,800 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: TO PROVIDE GENERAL SUPPORT (CHARITABLE) | $50,000 |
Arlington, VA PURPOSE: TO PROVIDE GENERAL SUPPORT (CHARITABLE) | $45,500 |
Los Angeles, CA PURPOSE: TO PROVIDE GENERAL SUPPORT (CHARITABLE) | $45,400 |
Grand Rapids, MI PURPOSE: TO PROVIDE GENERAL SUPPORT (CHARITABLE) | $36,400 |
Washington, DC PURPOSE: TO PROVIDE GENERAL SUPPORT (CHARITABLE) | $32,500 |
THE HEARTLAND INSTITUTE PURPOSE: TO PROVIDE GENERAL SUPPORT (CHARITABLE) | $30,000 |
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 |