Townebank Foundation
Accepts applications
Townebank Foundation is a private foundation in Suffolk, Virginia. In tax year 2024 it gave $8.3 million in 178 grants; the typical grant was $36,500 and the largest $312,500. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$8.3 million
- Number of grants178
- Typical grant$36,500
- Largest grant$312,500
- Assets$30.4 million
- New grantees34%
Giving in 2024 was up from $7.4 million the year before.
34% 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 | $7.4 million | 162 | $26.0 million |
| 2024 | $8.3 million | 178 | $30.4 million |
How to apply
| Contact | Townebank Attn Robyn Leavy 6001 Harbour View Blvd, Suffolk, VA 23435 |
|---|---|
| Phone or email | (757) 673-1783, robyn.leavy@townebank.net |
| What to submit | Scholarships: scholarship application form, brief essay, transcripts, sat/act scores general grants: grant request form |
| Deadlines | Scholarships: application and essay must be submitted by february 15 of each year. General grants: g |
| Restrictions | Scholarships: applicant must be a child of a parent currently employed by townebank and its affiliates on a full-time basis for a minimum of two years. Applicant must be a current high school senior or have graduated from high school through an early graduation program. Applicant must enroll as a full-time student as defined by the accredited educational institution. General grants: the foundation typically prefers to make grants to applicants within the bank's service area and primarily for capital purposes. The non-profits must be classified as a 501(c)3 within IRS rules and regulations. |
What Townebank Foundation funds
Where it gives
Its grants went to recipients in 9 states, the most to Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 128 | $6.1 million |
| North Carolina | 40 | $2.1 million |
| Florida | 1 | $75,000 |
| Pennsylvania | 3 | $5,100 |
| South Carolina | 2 | $5,000 |
| Kentucky | 1 | $2,500 |
| Maryland | 1 | $2,500 |
| Mississippi | 1 | $2,500 |
| District of Columbia | 1 | $100 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Wesleyan University | Gen. Charitable | $312,500 |
| Christopher Newport University Educ | Gen. Charitable | $200,000 |
| Eastern Virginia Medical School Fou | Gen. Charitable | $200,000 |
| Hampton University | Gen. Charitable | $200,000 |
| Equi-Kids Therapeutic Riding Progra | Gen. Charitable | $150,000 |
| Children's Hospital of the King's D | Gen. Charitable | $125,000 |
| Richmond Ballet | Gen. Charitable | $125,000 |
| Junior Achievement of Central Carol | Gen. Charitable | $114,286 |
| Appalachian State University Founda | Gen. Charitable | $100,000 |
| Atrium Health Foundation | Gen. Charitable | $100,000 |
| Bon Secours Hampton Roads Foundatio | Gen. Charitable | $100,000 |
| Central Piedmont Community College | Gen. Charitable | $100,000 |
| Chesapeake Bay Academy | Gen. Charitable | $100,000 |
| Chesapeake Regional Health Foundati | Gen. Charitable | $100,000 |
| Chrysler Museum of Art | Gen. Charitable | $100,000 |
| Communities in Schools of Chesterfi | Gen. Charitable | $100,000 |
| Dorothea Dix Park Conservancy | Gen. Charitable | $100,000 |
| Eggleston | Gen. Charitable | $100,000 |
| Elizabeth River Project | Gen. Charitable | $100,000 |
| Forkids Inc | Gen. Charitable | $100,000 |
| Greenville-Enc Alliance | Gen. Charitable | $100,000 |
| Habitat for Humanity of South Hampt | Gen. Charitable | $100,000 |
| Judeo-Christian Outreach Center | Gen. Charitable | $100,000 |
| Lake Taylor Transitional Care Hospi | Gen. Charitable | $100,000 |
| Mercy Medical Angels | Gen. Charitable | $100,000 |
| Metrolina Association for the Blind | Gen. Charitable | $100,000 |
| Nansemond-Suffolk Academy | Gen. Charitable | $100,000 |
| Nauticus Foundation | Gen. Charitable | $100,000 |
| Ncinnovation Inc | Gen. Charitable | $100,000 |
| Norfolk Festevents LTD | Gen. Charitable | $100,000 |
| Novant Health Presbyterian Medical | Gen. Charitable | $100,000 |
| Old Dominion University Museum Foun | Gen. Charitable | $100,000 |
| Southampton Academy | Gen. Charitable | $100,000 |
| Southampton County Historical Socie | Gen. Charitable | $100,000 |
| Star of the Sea Catholic School | Gen. Charitable | $100,000 |
| Suffolk Center for Cultural Arts Fo | Gen. Charitable | $100,000 |
| Sullenberger Aviation Museum | Gen. Charitable | $100,000 |
| The First Tee of the Triangle | Gen. Charitable | $100,000 |
| The Outer Banks Hospital | Gen. Charitable | $100,000 |
| Tidewater Community College Educati | Gen. Charitable | $100,000 |
Officers and trustees
- G Robert Aston Jr
- J Morgan Davis
- William T Hodsden
- R Scott Morgan
- Robyn S Leavy
Questions people ask
Does Townebank Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Scholarships: application and essay must be submitted by february 15 of each year. General grants: g.
How much does Townebank Foundation give?
$8.3 million in tax year 2024, across 178 grants, with a typical grant of $36,500.
Who runs Townebank Foundation?
Its 2024 filing lists G Robert Aston Jr (President &), J Morgan Davis (VP & Directo), William T Hodsden (Secretary &) and R Scott Morgan (Treasurer &) among 5 officers and trustees.
What does Townebank Foundation fund?
Based on its grants, mainly education, health and arts and culture.