Genworth Foundation
- Assets
- $3.9m
- Revenue
- $802.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-3370235
Organization Overview
Genworth Foundation is located in Richmond, VA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Genworth 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, Genworth Foundation generated $802.0 in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021.
Since 2019, Genworth Foundation has awarded 76 individual grants totaling $6,323,305. 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
AMERICAN ONLINE GIVING FOUNDATION INC - FUNDING FOR PHILANTHROPIC GRANTS IN HEALTHLY AGING AND AFFORDABLE HOUSING AREAS.
BOYS AND GIRLS CLUB OF MARTIN COUNTY INC - BOD MATCHING GIFT
HOBE SOUND CHILD CARE CENTER INC - A/P - PROGRAM/OTHER SUPPORT
NASHOBA LEARNING GROUP INC - A/P - PROGRAM/OTHER SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rohit Gupta Chairman | 2 | $0 | |
Stephanie Curry Treasurer | 8 | $0 | |
James Beam Secretary | 2 | $0 | |
Angela Simmons Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $802 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,818 |
| Total operating and administrative expenses | $44,340 |
| Contributions, gifts, grants paid | $1,522,286 |
| Total expenses and disbursements | $1,566,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,877,911 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,877,911 |
| Accounts payable and accrued expenses | $13,000 |
| 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 | $13,000 |
Grants Awarded
Over the last fiscal year, Genworth Foundation has awarded $1,519,786 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $1,464,982 |
Hobe Sound, FL PURPOSE: GENERAL SUPPORT GRANT | $10,000 |
BOYS AND GIRLS CLUB OF MARTIN COUNTY INC PURPOSE: GENERAL SUPPORT GRANT | $10,000 |
Bedford, MA PURPOSE: GENERAL SUPPORT GRANT | $10,000 |
Norman, OK PURPOSE: GENERAL SUPPORT GRANT | $10,000 |
PRESIDENT & FELLOWS OF HARVARD PURPOSE: GENERAL SUPPORT GRANT | $3,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |