Form 990 for tax year 2024

Totals

Total revenue

$3,820,378

Total expenses

$3,259,234

Contributions and grants received

$0

Grants paid

$2,612,482

Program service revenue

$0

Investment income

$3,820,378

Other revenue

$0

Total assets, end of year

$32,376,826

Total liabilities, end of year

$463,638

Net assets or fund balances, end of year

$31,913,188

Program services expenses (Part IX)

$3,106,177

Management and general expenses

$153,057

Fundraising expenses

$0

Program service expenses (Part III)

$3,106,177

Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• THE ENDOWMENT MADE GRANTS TO ORGANIZATIONS AND PROJECTS IN FOUR GRANT PROGRAMS: THE VIRGINIA PROGRAM, THE KANAWHA AND OHIO RIVER VALLEYS PROGRAM, THE JAMES RIVER WATER QUALITY IMPROVEMENT PROGRAM (JRWQIP) WHICH FOCUSES ON PRODUCING SIGNIFICANT ON-THE-GROUND WATER QUALITY BENEFITS, AND THE COMMUNITY CONSERVATION PROGRAM. COMMUNITY CONSERVATION PROGRAM IS FUNDED BY $3 MILLION THAT VEE RECEIVED AS PART OF THE AGREEMENT THE COMMONWEALTH OF VIRGINIA MADE WITH THE COMPANY CONSTRUCTING THE MOUNTAIN VALLEY PIPELINE TO OFFSET IMPACTS FROM THE CLEARING OF THE PIPELINE PATH IN SOUTHWEST VIRGNIA.VIRGINIA PROGRAM GRANTS WERE MADE FOR PROJECTS THROUGHOUT THE COMMONWEALTH THAT ALIGNED WITH THE ENDOWMENT'S STRATEGIC PRIORITIES. THE PURPOSES OF THE VIRGINIA PROGRAM GRANTS INCLUDED ADVANCING LAND CONSERVATION, PROTECTING WATER QUALITY, ADVANCING ENVIRONMENTAL LITERACY, PROTECTING THE CHESAPEAKE BAY AND SUPPORTING COASTAL RESILIENCE AND CLIMATE ADAPTATION.THE JRWQIP GRANTS WERE MADE FOR PROJECTS THAT WILL LIKELY REDUCE THE AMOUNT OF NUTRIENT AND SEDIMENT POLLUTION FLOWING INTO THE JAMES RIVER BY MORE THAN FOUR MILLION POUNDS ANNUALLY. KANAWHA AND OHIO RIVER VALLEYS PROGRAM GRANTS SUPPORT IMPORTANT WATER QUALITY EFFORTS IN PORTIONS OF WEST VIRGINIA AND KENTUCKY.

  Expenses $3,106,177 · Grants $2,612,482

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• JAMES RIVER ASSOCIATION

  $889,700

  RIPARIAN AND LIVING SHORELINE IMPLEMENTATION IN THE MIDDLE AND LOWER JAMES RIVER REGION.

• CHESAPEAKE BAY FOUNDATION

  $406,302

  RIPARIAN BUFFER IMPLEMENTATION IN THE UPPER JAMES RIVER REGION.

• TROUT UNLIMITED

  $196,095

  STREAM RESTORATION, RIPARIAN BUFFER, AND CONSERVATION PLANNING IN THE UPPER JAMES RIVER REGION.

• THE MOUNTAIN LAKE CONSERVANCY

  $95,939

  TRAIL RESTORATION AND WATER QUALITY MONITORING AT MOUNTAIN LAKE, GILES COUNTY, VA.

• SUSTAINABLE CHESAPEAKE

  $89,517

  IMPLEMENTATION OF MANURE INJECTION IN THE JAMES RIVER WATERSHED.

• NATURE FORWARD

  $80,000

  ENVIRONMENTAL EDUCATION AND ENGAGEMENT IN UNDERSERVED COMMUNITIES IN NORTHERN VA.

• NEW RIVER CONSERVANCY

  $76,261

  CLEAN-UP AND WATER QUALITY MONITORING OF THE NEW RIVER IN VA.

• CAPITAL REGION LAND

  $60,000

  LAND CONSERVATION CAPACITY BUILDING VIA THE HIRING OF A LAND CONSERVATION MANAGER.

• WETLANDS WATCH

  $59,402

  BUILDING LAND CONSERVATION AND FLOODPLAIN MANAGEMENT CAPACITY IN WESTERN VA.

• RIVANNA CONSERVATION ALLIANCE

  $52,500

  WATER QUALITY MONITORING IN THE RIVANNA RIVER.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2024

Filed

7 August 2025

IRS schema version

2024v5.2

Source object

202522209349301712

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.