Private foundation
TOWNEBANK FOUNDATION
SUFFOLK, VAEIN
Can I apply?
The funder's latest Form 990-PF says it accepts applications. Read the instructions below before you write.
- How to apply
- Deadlines
Private foundation
SUFFOLK, VAEIN
The funder's latest Form 990-PF says it accepts applications. Read the instructions below before you write.
Application policy: Accepts applications, as stated on the FY2024 return.
Application guidance comes from the funder's own Form 990-PF, Part XV (the section where a private foundation says how to apply), shown as filed. It is the funder's words, not ours. These fields are free text and the IRS form cuts them short. Filers sometimes put whole sentences in the contact-name box. Shown exactly as filed.
Giving by year
Total assets by year
| Year | Form | Revenue | Expenses | Giving | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2024 | 990-PF | $11,973,465 | $9,065,216 | $8,330,131 | $19,983,840 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 43% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| CHRISTOPHER NEWPORT COLLEGE EDUCATINEWPORT NEWS, VA | GENERAL CHARITABLE | $150,000 | 2019 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.
| $19,983,840 |
| FY2023 | 990-PF | $8,053,248 | $8,042,197 | $7,418,106 | $17,075,591 | $17,075,591 |
| FY2022 | 990-PF | $11,867,265 | $6,976,850 | $6,813,368 | $17,064,540 | $17,064,540 |
| FY2021 | 990-PF | $5,948,178 | $5,394,120 | $5,279,189 | $12,218,911 | $12,218,911 |
| FY2020 | 990-PF | $4,188,957 | $4,271,485 | $4,166,336 | $2,708,089 | $2,708,089 |
| FY2019 | 990-PF | $5,110,703 | $4,418,999 | $3,990,098 | $2,790,617 | $2,790,617 |
| FY2018 | 990-PF | $3,844,998 | $3,425,317 | $3,423,026 | $2,241,618 | $2,231,618 |
| FY2017 | 990-PF | $2,716,797 | $2,543,356 | $2,543,356 | $1,952,150 | $1,952,150 |
| GEN. CHARITABLE |
| $140,000 |
| 2020 |
| FORKIDSNORFOLK, VA | GENERAL SUPPORT | $140,000 | 2018 |
| FORKIDS INCNORFOLK, VA | GENERAL CHARITABLE | $135,000 | 2019 |
| CHESAPEAKE BAY ACADEMYVIRGINIA BEACH, VA | GEN. CHARITABLE | $130,000 | 2020 |
| ELIZABETH RIVER PROJECTNORFOLK, VA | GEN. CHARITABLE | $125,000 | 2021 |
| MERCY MEDICAL ANGELSNORFOLK, VA | GEN. CHARITABLE | $125,000 | 2023 |
| FORKIDS INCCHESAPEAKE, VA | GEN. CHARITABLE | $125,000 | 2021 |
| VIRGINIA CAPITOL FOUNDATIONRICHMOND, VA | GENERAL CHARITABLE | $125,000 | 2019 |
| CHILDREN'S HOSPITAL OF THE KING'S DNORFOLK, VA | GEN. CHARITABLE | $125,000 | 2024 |
| FORKIDS INCNORFOLK, VA | GEN. CHARITABLE | $125,000 | 2020 |
| VIRGINIA CAPITOL FOUNDATIONRICHMOND, VA | GENERAL SUPPORT | $125,000 | 2018 |
| CHRISTOPHER NEWPORT COLLEGE EDUCATIONAL FOUNDATIONNEWPORT NEWS, VA | GENERAL SUPPORT | $125,000 | 2018 |
| RICHMOND BALLETRICHMOND, VA | GEN. CHARITABLE | $125,000 | 2024 |
| FORKIDS INCCHESAPEAKE, VA | GEN. CHARITABLE | $125,000 | 2022 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLCHARLOTTE, NC | GEN. CHARITABLE | $114,286 | 2020 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLCHARLOTTE, NC | GEN. CHARITABLE | $114,286 | 2023 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLCHARLOTTE, NC | GEN. CHARITABLE | $114,286 | 2024 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLCHARLOTTE, NC | GENERAL CHARITABLE | $114,286 | 2019 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLINASCHARLOTTE, NC | GENERAL SUPPORT | $114,286 | 2018 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLCHARLOTTE, NC | GEN. CHARITABLE | $114,286 | 2021 |
| JUNIOR ACHIEVEMENT OF CENTRAL CAROLCHARLOTTE, NC | GEN. CHARITABLE | $114,286 | 2022 |
| VIRGINIA HISTORICAL SOCIETYRICHMOND, VA | GENERAL CHARITABLE | $106,250 | 2019 |
| EGGLESTONNORFOLK, VA | GEN. CHARITABLE | $100,000 | 2023 |
| ELIZABETH RIVER PROJECTNORFOLK, VA | GEN. CHARITABLE | $100,000 | 2024 |