Manning Family Foundation
- Assets
- $253.8m
- Revenue
- $5.6m
- Investments
- $249.8m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 74-3054138
Organization Overview
Manning Family Foundation is located in Charlottesville, VA. The organization was established in 2003. 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. Manning 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 12/2022, Manning Family Foundation generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $15.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Manning Family Foundation has awarded 216 individual grants totaling $42,146,646. 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 |
|---|---|---|---|
Paul B Manning Director, President, Treasurer | 1 | $0 | |
Diane L Manning Director And Secretary | 1 | $0 | |
Bradford J Manning Director | 1 | $0 | |
Bryan P Manning Director | 1 | $0 | |
Kaitlyn M Henry Director | 1 | $0 | |
Russell T Schundler Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,056,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $318,383 |
| Capital Gain Net Income | $318,383 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $249,688 |
| Total Revenue | $5,624,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $59,794 |
| Pension plans, employee benefits | $0 |
| Interest | $133,078 |
| Taxes | $23,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,814 |
| Printing and publications | $0 |
| Other expenses | $1,019,736 |
| Total operating and administrative expenses | $1,263,106 |
| Contributions, gifts, grants paid | $14,646,035 |
| Total expenses and disbursements | $15,909,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,918,177 |
| Savings and temporary cash investments | $0 |
| 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 | $249,837,830 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $253,756,007 |
| 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 | $17,186 |
| Total liabilities | $17,186 |
Grants Awarded
Over the last fiscal year, Manning Family Foundation has awarded $14,646,035 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
READY KIDS PURPOSE: GENERAL | $426,616 |
UNIVERSITY OF VIRGINIA PURPOSE: COVID-19 RESEARCH | $300,000 |
MARTHA JEFFERSON HOSPITAL FOUNDATION PURPOSE: GENERAL | $96,500 |
THE WOMEN'S INITIATIVE PURPOSE: GENERAL | $234,000 |
THE PARAMOUNT THEATRE PURPOSE: GENERAL | $25,000 |
MONTANOVA STABLES FOUNDATION PURPOSE: GENERAL | $20,000 |