Peninsula Community Foundation Of Virginia

Organization Overview

Peninsula Community Foundation Of Virginia is located in Hampton, VA. The organization was established in 2002. 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, Peninsula Community Foundation Of Virginia employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Community Foundation Of Virginia 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, Peninsula Community Foundation Of Virginia generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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 2016, Peninsula Community Foundation Of Virginia has awarded 309 individual grants totaling $7,658,610. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE PHILANTHROPY BY OFFERING DONORS FLEXIBLE CHARITABLE FUND OPTIONS WITH A LONG-TERM GOAL OF BUILDING PERMANENT ENDOWMENT FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE PENINSULA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED AND DONOR-ADVISED FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE VIRGINIA PENINSULA.


THE FOUNDATION PROVIDED ASSISTANCE TO 57 INDIVIDUALS FOLLOWING A NATURAL OR CIVIL DISASTER OR SERIES OF SUDDEN OR UNEXPECTED EVENTS OR CIRCUMSTANCES BEYOND THE INDIVIDUALS'S REASONABLE CONTROL THROUGH VARIOUS EMPLOYEE AND FAMILY RELIEF FUNDS.


THE FOUNDATION PROVIDED COLLEGE SCHOLARSHIPS TO 194 STUDENTS THROUGH VARIOUS DONOR ADVISED FUNDS.


HAMPTON NEIGHBORHOOD PROJECT 5,434 OTHER PROJECTS 1,945


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Board, Officers & Key Employees

Name (title)Compensation
Michael A Monteith
Chief Exec O
$113,800
Wallace Arnold
Director
$0
John Biagas
Former Direc
$0
Anna Van Buren
Director
$0
Whiting Chisman
Director
$0
Gordon L Gentry Jr
Board Treasu
$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$3,941,292
Noncash contributions included in lines 1a–1f $229,381
Total Revenue from Contributions, Gifts, Grants & Similar$3,941,292
Total Program Service Revenue$209,864
Investment income $582,782
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,040,626
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,838,297

Grants Awarded

Over the last fiscal year, Peninsula Community Foundation Of Virginia has awarded $1,309,996 in support to 60 organizations.

Grant RecipientAmount

SMART BEGINNINGS VA PENINSULA

Org PageRecipient Profile

Newport News, VA

PURPOSE: GENERAL SUPPORT

$137,289

VANGUARD CHARITABLE TRUST

Org PageRecipient Profile

Southeastern, PA

PURPOSE: GENERAL SUPPORT

$100,000

CHILD DEVELOPMENT RESOURCES

Org PageRecipient Profile

Williamsburg, VA

PURPOSE: GENERAL SUPPORT

$89,300

Portsmouth, VA

PURPOSE: GENERAL SUPPORT

$51,100

RANDOLPH-MACON COLLEGE

Org PageRecipient Profile

Ashland, VA

PURPOSE: GENERAL SUPPORT

$50,000

GROVE CHRISTIAN OUTREACH CENTER

Org PageRecipient Profile

Williamsburg, VA

PURPOSE: GENERAL SUPPORT

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Peninsula Community Foundation Of Virginia has recieved totaling $250,000.

Awarding OrganizationAmount
Good News Foundation

Newport News, VA

PURPOSE: GENERAL SUPPORT FOR ONGOING OPERATIONS

$250,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,924,392
Earnings$726,326
Admin Expense$77,869
Net Contributions$136,763
Grants$101,976
Ending Balance$7,607,636

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