Fagus Foundation
Preselected recipients only
Fagus Foundation is a private foundation in Middleburg, Virginia. In tax year 2024 it gave $3.9 million in 17 grants; the typical grant was $70,000 and the largest $1.8 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$3.9 million
- Number of grants17
- Typical grant$70,000
- Largest grant$1.8 million
- Assets$24.8 million
- New grantees24%
Giving in 2024 was up from $3.4 million the year before.
24% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $3.4 million | 15 | $30.5 million |
| 2024 | $3.9 million | 17 | $24.8 million |
How to apply
Fagus Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Fagus Foundation funds
Where it gives
Its grants went to recipients in 5 states, the most to Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 9 | $3.2 million |
| Maine | 5 | $505,000 |
| Georgia | 1 | $85,370 |
| Idaho | 1 | $50,000 |
| District of Columbia | 1 | $10,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Rappahannock County Broadband Authority | Support of public broadband authority | $1.8 million |
| Rappahannock County Public Schools | Support of public schools | $518,000 |
| Smithsonian Conservation Biology Institute | Charitable support | $500,000 |
| Coastal Maine Botanical Gardens | Charitable support | $250,000 |
| Fauquier Free Clinic Inc | Charitable support | $200,000 |
| Knox County Homeless Coalition | Charitable support | $160,000 |
| Piedmont Environmental Council Inc | Charitable support | $100,000 |
| Earth University Foundation | Charitable support | $85,370 |
| Area Interfaith Outreach | Charitable support | $70,000 |
| Little Sister's Fund | Charitable support | $50,000 |
| Rappahannock Benevolent Fund | Charitable support | $50,000 |
| Rappahannock Center for Education | Charitable support | $28,000 |
| Headwaters - the Rappahannock County Public Eduction Foundation Inc | Charitable support | $25,000 |
| Island Institute | Charitable support | $20,000 |
| Path Partnerships | Charitable support | $20,000 |
| Women in Film and Video Inc | Charitable support | $10,000 |
| Maine Coast Fishermens Assn | Charitable support | $5,000 |
Officers and trustees
- Charles T Akre Jr
- Deanna S Akre
- Thomas SB Akre
- Alexis A Akre
- Andrew C Akre
Questions people ask
Does Fagus Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Fagus Foundation give?
$3.9 million in tax year 2024, across 17 grants, with a typical grant of $70,000.
Who runs Fagus Foundation?
Its 2024 filing lists Charles T Akre Jr (Pres./Sec./Treas.), Deanna S Akre (Vice President), Thomas SB Akre (Vice President) and Alexis A Akre (Vice President) among 5 officers and trustees.
What does Fagus Foundation fund?
Based on its grants, mainly environment and conservation and education.