Hampton Roads Community Foundation

Organization Overview

Hampton Roads Community Foundation is located in Norfolk, VA. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hampton Roads Community Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads Community 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 12/2020, Hampton Roads Community Foundation generated $16.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $27.3m during the year ending 12/2020. While expenses have increased by 3.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Hampton Roads Community Foundation has awarded 5,504 individual grants totaling $132,185,057. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

MAKE LIFE BETTER IN HAMPTON ROADS THROUGH LEADERSHIP, PHILANTHROPY, AND CIVIC ENGAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED, FIELD-OF-INTEREST, DESIGNATED AND DONOR-ADVISED FUNDS, WITH THE PURPOSE OF IMPROVING LIFE IN SOUTHEASTERN VIRGINIA.


THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS FROM SOUTHEASTERN VIRGINIA IN ACCORDANCE WITH THE TERMS OF THE APPROXIMATELY 78 SCHOLARSHIP FUNDS IT HOLDS.


THE FOUNDATION PROVIDES SUPPORT SERVICES TO NONPROFIT ORGANIZATIONS AND DONORS TO ENSURE EFFECTIVE GRANTMAKING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Futures Inc
Consulting
$125,000
Fsg Inc
Consulting
$148,213
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$16,556,031
Investment income $319,265
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $43,876
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,919,172

Grants Awarded

Over the last fiscal year, Hampton Roads Community Foundation has awarded $18,226,380 in support to 436 organizations.

Grant RecipientAmount

CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS

Org PageRecipient Profile

Norfolk, VA

PURPOSE: FOR THE LIGHTING THE WAY MENTAL HEALTH INITIATIVE FOR CAPITAL PROJECTS

$1,000,000

BUSINESS CONSORTIUM FOR ARTS SUPPORT DBA ARTS ALLIANCE

Org PageRecipient Profile

Norfolk, VA

PURPOSE: 2021 CONTRIBUTION TO THE ARTS FUND & OPERATING SUPPORT

$478,000

UNION MISSION MINISTRIES

Org PageRecipient Profile

Norfolk, VA

PURPOSE: FOR THE WINDOW REPLACEMENT PROJECT. THE ONE-TIME GIFT IS IN MEMORY OF CONSTANCE DARDEN, HOWEVER NO PLAQUE OR PUBLIC ACKNOWLEDGEMENT IS DESIRED.

$425,000

EASTERN SHORE COALITION AGAINST DOMESTIC VIOLENCE

Org PageRecipient Profile

Onancock, VA

PURPOSE: TO BUY THE NEW BUILDING IN ONANCOCK.

$350,000

OLD DOMINION UNIVERSITY EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Norfolk, VA

PURPOSE: FOR THE FIRST STAR ACADEMY AT OLD DOMINION UNIVERSITY

$300,000

E3 ELEVATE EARLY EDUCATION

Org PageRecipient Profile

Virginia Beach, VA

PURPOSE: TO SUPPORT THE EARLY CHILDHOOD EDUCATION CENTER IN THE PARK PLACE NEIGHBORHOOD IN NORFOLK, VA

$289,100
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hampton Roads Community Foundation has recieved totaling $1,500.

Awarding OrganizationAmount
Townsend Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$392,835,420
Earnings$89,861,635
Admin Expense$3,398,350
Net Contributions$49,507,311
Other Expense$56,718
Grants$20,525,562
Ending Balance$508,223,736

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