Praxis Foundation
- Assets
- $1.6m
- Revenue
- $247.0k
- Investments
- $930.1k
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 54-1830546
Organization Overview
Praxis Foundation is located in Charlottesville, VA. The organization was established in 1997. 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. Praxis 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, Praxis Foundation generated $247.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $174.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Praxis Foundation has awarded 79 individual grants totaling $393,880. 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 FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Murray Jr Pres./director | 3 | $0 | |
Bruce R Murray Sec./director | 3 | $0 | |
Meghan R Murray Director | 1 | $0 | |
J Brady Murray III Director | 1 | $0 | |
Christina Laycock Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $198,897 |
| Interest on Savings | $29 |
| Dividends & Interest | $39,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,467 |
| Capital Gain Net Income | $477,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $246,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,143 |
| Total operating and administrative expenses | $59,244 |
| Contributions, gifts, grants paid | $115,550 |
| Total expenses and disbursements | $174,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $592,196 |
| 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 | $929,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $52,896 |
| Total assets | $1,575,200 |
| 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, Praxis Foundation has awarded $115,550 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
MUSTIQUE CHARITABLE FOUNDATION PURPOSE: GENERAL PURPOSE OF DONEE | $50,000 |
BOYS & GIRLS CLUB OF CENTRAL VIRGINIA PURPOSE: GENERAL PURPOSE OF DONEE | $10,000 |
VIRGINIA 21 PURPOSE: GENERAL PURPOSE OF DONEE | $6,000 |
Charlottesville, VA PURPOSE: GENERAL PURPOSE OF DONEE | $5,000 |
Charlottesville, VA PURPOSE: GENERAL PURPOSE OF DONEE | $5,000 |
NO KID HUNGRY PURPOSE: GENERAL PURPOSE OF DONEE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
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 |