Oak Hill Fund
- Assets
- $81.5m
- Revenue
- $3.9m
- Investments
- $76.0m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 12/2001
- Data as of
- 12/2023
- 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 12/2023, Oak Hill Fund generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Oak Hill Fund has awarded 708 individual grants totaling $27,716,199. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND HAS NO DIRECT CHARITABLE ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd A Edgerton President/treasurer | 40 | $208,323 | |
Leigh W Edgerton Secretary | 20 | $75,833 | |
Jason E Halbert Executive Director | 40 | $222,631 | |
Anne K O'brien Prog & Grants | 40 | $89,477 | |
Julia P Schaff Financial Manager | 40 | $90,632 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parnassus Funds | 12/30/23 | $129,561 |
Coho Partners Ltd | 12/30/23 | $88,701 |
Harding Loevner Funds Inc | 12/30/23 | $84,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,643,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,288,577 |
| Capital Gain Net Income | $2,288,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,503 |
| Total Revenue | $3,944,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $372,329 |
| Other employee salaries and wages | $404,664 |
| Pension plans, employee benefits | $303,792 |
| Interest | $0 |
| Taxes | $110,567 |
| Depreciation | $3,641 |
| Occupancy | $134,536 |
| Travel, conferences, and meetings | $9,986 |
| Printing and publications | $0 |
| Other expenses | $87,255 |
| Total operating and administrative expenses | $1,918,334 |
| Contributions, gifts, grants paid | $4,124,710 |
| Total expenses and disbursements | $6,043,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,740,330 |
| Savings and temporary cash investments | $1,995,619 |
| Net Accounts receivable | $26,884 |
| 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 | $9,993 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,845,146 |
| Net Land, buildings, and equipment | $8,333 |
| Other assets | $728,856 |
| Total assets | $81,520,569 |
| Accounts payable and accrued expenses | $45,269 |
| Grants payable | $1,061,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,343,595 |
| Total liabilities | $2,450,364 |
Grants Awarded
Over the last fiscal year, Oak Hill Fund has awarded $5,192,177 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD FOUNDATION TRI-CITIES PURPOSE: TO SUPPORT (1) DIRECT BIRTH CONTROL SERVICES; (2) TRANSPORTATION, (3) CALL CENTER OPERATIONS, AND (4) HEALTH EDUCATOR SALARIES/PROGRAMS FOR THREE AFFILIATES (E. TN, TRI-CITIES, W TN) | $110,000 |
HOPEWELL FUND PURPOSE: CONTINUED SUPPORT FOR THE FUNDING & TECHNICAL ASSISTANCE FOR INDEPENDENT ABORTION PROVIDERS (FTA) PROGRAM, WHICH HELPS INDEPENDENT ABORTION PROVIDERS RESPOND TO RAPIDLY CHANGING CONDITIONS WHILE CONTINUING TO MEET CRITICAL COMMUNITY NEEDS. | $100,000 |
LA CLNICA DEL PUEBLO PURPOSE: CONTINUED SUPPORT FOR THE REPRODUCTIVE HEALTH PROGRAM FOR UNINSURED LATINAS, WHICH WILL PROVIDE 55 UNINSURED LATINA WOMEN WITH HIGH-QUALITY, COMPREHENSIVE FAMILY PLANNING SERVICES | $25,000 |
MEMPHIS CENTER FOR REPRODUCTIVE HEALTH (DBA CHOICES) PURPOSE: TO SUPPORT SALARIES FOR ONE YEAR FOR THE NURSE PRACTITIONER AND LICENSED PRACTICAL NURSE ROLES AT THEIR NEW CARBONDALE CLINIC LOCATION. | $110,000 |
NATIONAL ABORTION FEDERATION PURPOSE: CONTINUED SUPPORT FOR THE FULL-TIME SOUTHEAST REGIONAL SECURITY MANAGER | $100,000 |
NEO PHILANTHROPY INC PURPOSE: TO EMPLOY A FULL-TIME ORGANIZER TO MANAGE THEIR SELF-MANAGED ABORTION CARE CAMPAIGN IN SOUTHEAST STATES. | $50,000 |