Oak Hill Fund
- Assets
- $99.4m
- Revenue
- $7.2m
- Investments
- $94.3m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 31-1810011
Organization Overview
Oak Hill Fund is located in Charlottesville, VA. The organization was established in 2001. 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. Oak Hill Fund 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, Oak Hill Fund generated $7.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Oak Hill Fund has awarded 443 individual grants totaling $17,597,911. 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
THE FUND HAS NO DIRECT CHARITABLE ACTIVITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Edgerton Pres/treas/s | 40 | $230,604 | |
Jason E Halbert Deputy Direct | 40 | $204,850 | |
Todd Edgerton Sr Program Of | 40 | $128,054 | |
Julia P Schaff Asst To Pr/fn | 40 | $83,376 | |
Anne K O'brien Prog & Grants | 40 | $82,315 | |
Liza T Edgerton Vice Pres. | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coho Partners Ltd | 12/30/21 | $168,590 |
Parnassus Funds | 12/30/21 | $100,910 |
Harding Loevner Funds Inc | 12/30/21 | $102,948 |
T Rowe Price Fund Class I | 12/30/21 | $50,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,460,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,705,196 |
| Capital Gain Net Income | $5,705,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $144 |
| Total Revenue | $7,166,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $241,484 |
| Other employee salaries and wages | $370,932 |
| Pension plans, employee benefits | $262,140 |
| Interest | $0 |
| Taxes | $89,562 |
| Depreciation | $7,506 |
| Occupancy | $78,552 |
| Travel, conferences, and meetings | $779 |
| Printing and publications | $0 |
| Other expenses | $82,896 |
| Total operating and administrative expenses | $1,730,352 |
| Contributions, gifts, grants paid | $5,326,845 |
| Total expenses and disbursements | $7,057,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,262,155 |
| Savings and temporary cash investments | $2,245,719 |
| Net Accounts receivable | $21,980 |
| 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 | $15,617 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,515,825 |
| Net Land, buildings, and equipment | $12,715 |
| Other assets | $575,456 |
| Total assets | $99,384,131 |
| Accounts payable and accrued expenses | $44,233 |
| Grants payable | $1,243,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,486,131 |
| Total liabilities | $2,774,114 |
Grants Awarded
Over the last fiscal year, Oak Hill Fund has awarded $5,118,543 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: TO COMPLETE FIVE OR MORE CRITICAL REHAB PROJECTS FOR LOW- AND VERY LOW-INCOME HOUSEHOLDS IN THE CITY OF CHARLOTTESVILLE. | $200,000 |
Richmond, VA PURPOSE: TO OPEN A NEW HEALTH CENTER IN RICHMOND, VA IN 2020 TO EXPAND ACCESS TO REPRODUCTIVE HEALTH CARE IN THE HISTORICALLY UNDERSERVED COMMUNITY OF THE EAST END OF RICHMOND. | $150,000 |
Asheville, NC PURPOSE: TO: 1) FINISH REMOVING TREES WITH INFERIOR BLIGHT RESISTANCE FROM MEADOWVIEW SEED ORCHARDS. 2) PLANT PROGENY OF CROSSES BETWEEN MOST RESISTANT HYBRIDS. 3) TEST A NON-DESTRUCTIVE METHOD TO SCREEN SEEDLINGS FOR BLIGHT RESISTANCE PRIOR TO PLANTING. 4) ESTABLISH SMALL SCALE PERMITTED FIELD TRIALS OF DARLING 58 AMERICAN CHESTNUTS FOR ASSESSMENT. 5) CONSERVE ADDITIONAL WILD-TYPE AMERICAN CHESTNUTS AND PLANT FOR USE IN FUTURE BREEDING. | $150,000 |
BOOK TRUST PURPOSE: THROUGH THE 2021-22 SCHOOL YEAR, TO SERVE A TOTAL OF 4,935 BOOK TRUST STUDENTS ACROSS THE CITY OF DENVER, CO AND AT THE FAISON CENTER IN RICHMOND, VA. | $150,000 |
BLUE RIDGE AAF INC PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO CANNOT COVER THE FULL COST OF AN ABORTION, AND TO PARTIALLY FUND AN EXECUTIVE DIRECTOR POSITION. | $125,000 |
Denver, CO PURPOSE: GRANTS ARE PROVIDED TO TEACHERS FOR PROGRAMS AND ACTIVITIES OUTSIDE THE SCHOOL'S BUDGET WITH THE GOAL OF REDUCING INEQUITY IN RESOURCES AMONG DPS STUDENTS SO THAT ALL STUDENTS HAVE AN OPPORTUNITY TO SUCCEED ACADEMICALLY AND PERSONALLY. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |