Open Foundations · Virginia

Townebank Foundation

Suffolk, Virginia · EIN 542036534. Its Form 990-PF says giving is not restricted to organizations picked in advance, which is how a private foundation files that it accepts unsolicited requests. It paid $8.3M across 178 grants in 2024, a median of $36K each.

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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

Straight off Part XV of the return. Where the foundation left a line blank, this says so rather than guessing.

Send requests to
TOWNEBANK ATTN ROBYN LEAVY
Address
6001 HARBOUR VIEW BLVD, SUFFOLK, VA, 23435
Phone
7576731783
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.

As filed on the Form 990-PF for tax year 2024, IRS filing object id 202503179349101545. Printed word for word, including the entries that only say to see a website or an attachment.

What it funds, in its own words

The words that come up most often across the purposes it wrote on its 2024 grants. These are the foundation's own words, not a category we assigned.

gen

Biggest grants in 2024

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 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

Every figure on this page is that foundation's own latest filed year, which is 2022 or later. This foundation is listed because its Form 990-PF says it does not restrict giving to preselected organizations and it paid at least 5 grants totaling $100K or more that year. Latest-year grants and terms per foundation from IRS 990-PF e-file returns; 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 collapse into one and totals can run low. Full method.

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

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