Open Foundations · Virginia

Townebank Foundation

Suffolk, Virginia · EIN 542036534. It paid $8.3M across 178 grants in 2024, a median of $36K each. Its Form 990-PF says it accepts unsolicited grant requests.

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$8.3M
paid in 2024
178
grants paid
$36K
median grant
23%
to first-time recipients
$20.0M
assets on file

How to apply, as filed

These application terms come from Part XV of the foundation's Form 990-PF.

Send requests to
TOWNEBANK ATTN ROBYN LEAVY
Address
6001 HARBOUR VIEW BLVD, SUFFOLK, VA, 23435
Phone
7576731783
Email
ROBYN.LEAVY@TOWNEBANK.NET
Form the request should take
SCHOLARSHIPS: SCHOLARSHIP APPLICATION FORM, BRIEF ESSAY, TRANSCRIPTS, SAT/ACT SCORES GENERAL GRANTS: GRANT REQUEST FORM
Submission deadline
SCHOLARSHIPS: APPLICATION AND ESSAY MUST BE SUBMITTED BY FEBRUARY 15 OF EACH YEAR. GENERAL GRANTS: G
Restrictions on awards
SCHOLARSHIPS: APPLICANT MUST BE A CHILD OF A PARENT CURRENTLY EMPLOYED BY TOWNEBANK AND ITS AFFILIATES ON A FULL-TIME BASIS FOR A MINIMUM OF TWO YEARS. APPLICANT MUST BE A CURRENT HIGH SCHOOL SENIOR OR HAVE GRADUATED FROM HIGH SCHOOL THROUGH AN EARLY GRADUATION PROGRAM. APPLICANT MUST ENROLL AS A FULL-TIME STUDENT AS DEFINED BY THE ACCREDITED EDUCATIONAL INSTITUTION. GENERAL GRANTS: THE FOUNDATION TYPICALLY PREFERS TO MAKE GRANTS TO APPLICANTS WITHIN THE BANK'S SERVICE AREA AND PRIMARILY FOR CAPITAL PURPOSES. THE NON-PROFITS MUST BE CLASSIFIED AS A 501(C)3 WITHIN IRS RULES AND REGULATIONS.

From the Form 990-PF for tax year 2024, IRS filing object id 202503179349101545. Entries appear as filed.

What it funds, in its own words

These are the most frequent words in the purposes the foundation wrote on its 2024 grants.

gen

Biggest grants in 2024

These are the 15 largest of the 178 grants paid in 2024, with the purpose the foundation wrote for each.

#RecipientStateAmountPurpose as filed
1Virginia Wesleyan UniversityVA$312,500GEN. CHARITABLE
2Christopher Newport University EducVA$200,000GEN. CHARITABLE
3Eastern Virginia Medical School FouVA$200,000GEN. CHARITABLE
4Hampton UniversityVA$200,000GEN. CHARITABLE
5Equi-kids Therapeutic Riding PrograVA$150,000GEN. CHARITABLE
6Children's Hospital of the King's DVA$125,000GEN. CHARITABLE
7Richmond BalletVA$125,000GEN. CHARITABLE
8Junior Achievement of Central CarolNC$114,286GEN. CHARITABLE
9Appalachian State University FoundaNC$100,000GEN. CHARITABLE
10Atrium Health FoundationNC$100,000GEN. CHARITABLE
11Bon Secours Hampton Roads FoundatioVA$100,000GEN. CHARITABLE
12Central Piedmont Community CollegeNC$100,000GEN. CHARITABLE
13Chesapeake Bay AcademyVA$100,000GEN. CHARITABLE
14Chesapeake Regional Health FoundatiVA$100,000GEN. CHARITABLE
15Chrysler Museum of ArtVA$100,000GEN. CHARITABLE

Giving by year, and who received it

Grants paid by year

Every year of this foundation's grants that Civly holds
Tax yearGrantsPaid
202096$4.2M
2021110$5.3M
2022236$6.8M
2023162$7.4M
2024178$8.3M

Where the money went

Share of 2024 grant dollars by recipient state
Virginia72%
North Carolina23%
Pennsylvania2%
South Carolina1%
Florida1%

Who decides

Officers, directors and trustees are listed as filed, with the year of the return they appeared on.

G Robert Aston JrPRESIDENT & · 2024
J Morgan DavisVP & DIRECTO · 2024
R Scott MorganTREASURER & · 2024
Robyn S LeavyEXECUTIVE DI · 2024
William T HodsdenSECRETARY & · 2024

Each figure comes from the foundation's latest filed year, 2022 or later. This foundation is listed because its Form 990-PF says giving is not restricted to preselected organizations and it paid at least 5 grants totaling $100K or more that year. Grants and application terms come from each foundation's latest IRS 990-PF e-file return. The newest tax year is partial until the IRS finishes releasing it. Grants are de-duplicated on funder, year, recipient and amount, so identical repeat grants count once and totals can run low. Full method.

Source: IRS Form 990-PF e-file releases (public domain). Analysis: Civly.

More foundations in Virginia

These other funders in Virginia say on their returns that they accept unsolicited requests. Each page has the deadline and terms as filed. See all 200.

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