Hargrave Foundation

Organization Overview

Hargrave Foundation is located in Chatham, VA. The organization was established in 1990. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Hargrave Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

STUDENT AID AND SCHOLARSHIPS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUNDS, UNLESS DESIGNATED AS CURRENT PAYMENT TO HARGRAVE MILITARY ACADEMY, WILL BE HELD AS ENDOWMENT AS QUASI ENDOWMENT AND THE INVESTMENT INCOME WILL BE USED FOR STUDENT AID AND SCHOLARSHIPS


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Board, Officers & Key Employees

Name (title)Compensation
William Riddle
Sec Treas
$0
Eric Peterson
Director
$0
Ben J Davenport
Director
$0
Lewis Wall
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$150,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$150,600
Total Program Service Revenue$0
Investment income $42,682
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$424,295
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$231,013

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