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The Community Foundation Inc

EIN 23-7009135 · Richmond, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE BRING PEOPLE TOGETHER TO TRANSFORM OUR COMMUNITY THROUGH INFORMED AND INSPIRED PHILANTHROPY.

Income
$101.7 million
Spending
$85.1 million
Spent on programs
89%
Reserves
38.7 months of spending
Largest source of income
donations and private grants, 57%
Employees
78
Volunteers
13,535
Highest pay
$500,898, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100. Higher than 32% of charities in its peer group (philanthropy, over $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 38.7 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 16% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 39% of charities in its peer group (philanthropy, over $100m).

  • Independent board

    25 of 25

    20 of 21 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $16.9 million spent. HEALTH & WELLNESS: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS HAVE ACCESS TO COMPREHENSIVE AND COORDINATED PREVENTIVE SERVICES AND QUALITY HEALTH CARE. RESIDENTS ARE CONNECTED TO RESOURCES THAT MEET THEIR HEALTH, NUTRITIONAL, AND SAFETY NEEDS. STRATEGIC FOCUS AREAS INCLUDE:- ACCESS TO PRIMARY HEALTH CARE: OPERATING SAFETY NET CLINICS; FACILITATING USE OF A MEDICAL HOME; OFFERING MEDICAL-RELATED HOME VISITATION; OFFERING WRAPAROUND SERVICES TO MAINTAIN HEALTH; PROVIDING MENTAL HEALTH SERVICES.- BASIC PHYSICAL HEALTH: FACILITATING ACCESS TO FOOD AND NUTRITION; PROMOTING REGULAR PHYSICAL ACTIVITY; TEACHING HEALTH EDUCATION.- TARGETED INTERVENTIONS: OFFERING TRAUMA-INFORMED CARE; IMPROVING AND SUSTAINING THE QUALITY OF LIFE FOR OLDER ADULTS.
  2. $11.4 million spent. EDUCATIONAL SUCCESS: TOGETHER, WE WANT TO ENSURE THAT CHILDREN BEGIN SCHOOL READY TO LEARN AND ARE SUPPORTED ACADEMICALLY AND SOCIALLY THROUGHOUT THEIR EDUCATIONAL EXPERIENCE. YOUTH BECOME SKILLED, SELF-SUFFICIENT AND CONTRIBUTING MEMBERS OF THE COMMUNITY. STRATEGIC FOCUS AREAS INCLUDE:- KINDERGARTEN READINESS: ENSURING ACCESS TO QUALITY PRESCHOOL AND CHILDCARE; OFFERING CHILD DEVELOPMENT-RELATED HOME VISITATION; ENGAGING PARENTS AND CAREGIVERS.- K-12 ACADEMIC SUCCESS: SUPPORTING STUDENTS BY INCREASING THE QUALITY OR CAPACITY OF IN-SCHOOL RESOURCES; TEACHING POSITIVE BEHAVIOR AND SELF-MANAGEMENT SKILLS; ENGAGING PARENTS AND CAREGIVERS.- COLLEGE AND/OR CAREER READINESS: DEVELOPING YOUTH TO ENTER THE WORKFORCE; INCREASING ACCESS AND EXPOSURE TO POST-SECONDARY OPPORTUNITIES.
  3. $10.3 million spent. ECONOMIC PROSPERITY, CAPACITY BUILDING, AND OTHER: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS ACCESS AND MAINTAIN SAFE AND AFFORDABLE HOUSING IN THRIVING, SUSTAINABLE COMMUNITIES. RESIDENTS GAIN THE FINANCIAL KNOWLEDGE, SKILLS, AND RESOURCES TO SUPPORT THEMSELVES AND ARE ABLE TO ACCESS TO CAREER AND ECONOMIC OPPORTUNITIES. STRATEGIC FOCUS AREAS INCLUDE:- NEIGHBORHOOD DEVELOPMENT: BUILDING HOUSEHOLD INCOME, FINANCIAL STABILITY, AND WEALTH; REVITALIZING NEIGHBORHOODS; ENGAGING RESIDENTS TO SELF-ADVOCATE.- ADULT WORKFORCE DEVELOPMENT: TRAINING AND EDUCATION THAT LEADS TO WORKFORCE PREPARATION, CERTIFICATIONS, CREDENTIALS, AND DEGREES; REDUCING EMPLOYMENT BARRIERS; INCREASING ACCESS TO TRANSPORTATION AND WRAPAROUND SERVICES TO MAINTAIN EMPLOYMENT.- HOMELESSNESS REDUCTION: AVOIDING HOMELESSNESS THROUGH SHELTER DIVERSION; PROVIDING EMERGENCY SHELTER; FACILITATING RAPID RE-HOUSING AND EXITS TO PERMANENT HOUSING.- SAFE & AFFORDABLE HOUSING: CREATING HOUSING UNITS OR PRESERVING AFFORDABILITY OF EXISTING UNITS; OFFERING WRAPAROUND SERVICES TO MAINTAIN HOUSING; ASSISTING OLDER ADULTS TO AGE IN PLACE.
  4. $37.5 million spent. COMMUNITY VIBRANCY: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS ARE ENRICHED AND EDUCATED THROUGH A DIVERSE OFFERING OF ARTS AND CULTURAL ACTIVITIES IN THEIR COMMUNITIES AND SCHOOLS. THE REGION'S HISTORIC, CULTURAL, AND NATURAL ASSETS ARE SUPPORTED TO ENRICH CURRENT AND FUTURE AREAS. STRATEGIC FOCUS AREAS INCLUDE:- ARTS & CULTURE: PROVIDING ACCESS TO PROGRAMS FOR LOW TO MODEST-WEALTH RESIDENTS AND SCHOOL-AGED YOUTH; OFFERING EDUCATION AND EVENTS THAT APPEAL TO DIVERSE AND MULTI-GENERATIONAL AUDIENCES.- NATIONAL RESOURCES: PROVIDING ACCESS TO NATURAL RESOURCES AND SUSTAINING OUR ENVIRONMENT THROUGH EDUCATION, PRESERVATION, AND RESTORATION.- COMMUNITY INCLUSION: FOSTERING COMMUNITY INCLUSION AND CONNECTIVITY; FACILITATING VOLUNTEER AND CIVIC ENGAGEMENT OPPORTUNITIES.ALL OTHER: THIS INCLUDES GRANTS GIVEN TO THE REGION THROUGH DONOR ADVISED FUNDS AND FIELD OF INTEREST FUNDS OUTSIDE OF THE SCOPE OF OUR 4 FOCUS AREAS. THE MAJORITY OF GRANTS ARE TO ANIMAL WELFARE, RELIGIOUS, AND ENVIRONMENTAL PURPOSES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1970.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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