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← TOWNEBANK FOUNDATION

Form 990-PF for tax year 2024

Filed by TOWNEBANK FOUNDATION.

Totals

Total revenue
$11,973,465
Total expenses
$9,065,216
Contributions and grants received
$8,796,609
Contributions, gifts and grants paid
$8,330,131
Fair market value of assets, end of year
$30,442,470

Listed in Part VIII

  • G Robert Aston Jr

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    2
  • J Morgan Davis

    VP & DIRECTO

    Total calculated
    $0
    Hours/week
    2
  • William T Hodsden

    SECRETARY &

    Total calculated
    $0
    Hours/week
    2
  • R Scott Morgan

    TREASURER &

    Total calculated
    $0
    Hours/week
    2
  • Robyn S Leavy

    EXECUTIVE DI

    Total calculated
    $25,000
    Compensation
    $25,000
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    8

Compensation is as filed in Part VIII of the Form 990-PF: compensation, contributions to benefit plans, expense account, 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.

Grants paid on this return

These are the grants the foundation paid during the year. The “Contributions, gifts and grants paid” total above is the figure on its books, which a foundation using accrual accounting records when it commits to a grant rather than when it pays. The two need not agree: a grant promised one year and paid in another is counted in different years.

  • VIRGINIA WESLEYAN UNIVERSITY

    $312,500

    VIRGINIA BEACH, VA

    GEN. CHARITABLE

  • CHRISTOPHER NEWPORT UNIVERSITY EDUC

    $200,000

    NEWPORT NEWS, VA

    GEN. CHARITABLE

  • EASTERN VIRGINIA MEDICAL SCHOOL FOU

    $200,000

    NORFOLK, VA

    GEN. CHARITABLE

  • HAMPTON UNIVERSITY

    $200,000

    HAMPTON, VA

    GEN. CHARITABLE

  • EQUI-KIDS THERAPEUTIC RIDING PROGRA

    $150,000

    VIRGINIA BEACH, VA

    GEN. CHARITABLE

  • CHILDREN'S HOSPITAL OF THE KING'S D

    $125,000

    NORFOLK, VA

    GEN. CHARITABLE

  • RICHMOND BALLET

    $125,000

    RICHMOND, VA

    GEN. CHARITABLE

  • JUNIOR ACHIEVEMENT OF CENTRAL CAROL

    $114,286

    CHARLOTTE, NC

    GEN. CHARITABLE

  • APPALACHIAN STATE UNIVERSITY FOUNDA

    $100,000

    BOONE, NC

    GEN. CHARITABLE

  • ATRIUM HEALTH FOUNDATION

    $100,000

    CHARLOTTE, NC

    GEN. CHARITABLE

The 10 largest to organizations. The API serves every grant row.

Provenance

Return type
form_990_pf
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202503179349101545

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

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