Private foundation · EIN 54-2036534

Townebank Foundation

Accepts applications

Suffolk, VA

Home › Virginia › Townebank Foundation

Tax year 2024 (period ending 2024-12-31) · Filed with IRS 2025 · Data as of 2026-10-24 · View filing on ProPublica · Source: IRS e-file object 202503179349101545
Total assets (EOY)$19,983,840
Grants paid$8,330,131
Typical (median) grant$36,500
Grants listed178
Giving in home state (VA)74%

Grant size distribution

RangeGrants
Under $5K40
$5K–$25K27
$25K–$100K68
$100K+43

Smallest $40 · Largest $312,500

Geographic focus

VA
74%
NC
25%
FL
1%
PA
0%
SC
0%
MD
0%
MS
0%
KY
0%

Common purposes

Purposes mostly listed as general support.

Giving history

Tax yearContributions paidTotal assetsGrants listed
2023$7,418,106$17,075,591162
2024$8,330,131$19,983,840178

Years shown are the filings ingested so far; more years are added as additional IRS batches are processed.

How to apply

ContactTOWNEBANK ATTN ROBYN LEAVY
Address6001 HARBOUR VIEW BLVD, SUFFOLK, VA, 23435
Phone7576731783
EmailROBYN.LEAVY@TOWNEBANK.NET
Form & materialsSCHOLARSHIPS: SCHOLARSHIP APPLICATION FORM, BRIEF ESSAY, TRANSCRIPTS, SAT/ACT SCORES GENERAL GRANTS: GRANT REQUEST FORM
DeadlinesSCHOLARSHIPS: APPLICATION AND ESSAY MUST BE SUBMITTED BY FEBRUARY 15 OF EACH YEAR. GENERAL GRANTS: G
RestrictionsSCHOLARSHIPS: 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.

Source: 990-PF Part XV line 2, tax year 2024.

Top recipients (tax year 2024)

RecipientLocationPurposeAmount
Virginia Wesleyan UniversityVIRGINIA BEACH, VAGEN. CHARITABLE$312,500
Christopher Newport University EducNEWPORT NEWS, VAGEN. CHARITABLE$200,000
Eastern Virginia Medical School FouNORFOLK, VAGEN. CHARITABLE$200,000
Hampton UniversityHAMPTON, VAGEN. CHARITABLE$200,000
Equi-Kids Therapeutic Riding PrograVIRGINIA BEACH, VAGEN. CHARITABLE$150,000
Children'S Hospital Of The King'S DNORFOLK, VAGEN. CHARITABLE$125,000
Richmond BalletRICHMOND, VAGEN. CHARITABLE$125,000
Junior Achievement Of Central CarolCHARLOTTE, NCGEN. CHARITABLE$114,286
Appalachian State University FoundaBOONE, NCGEN. CHARITABLE$100,000
Atrium Health FoundationCHARLOTTE, NCGEN. CHARITABLE$100,000
Bon Secours Hampton Roads FoundatioSUFFOLK, VAGEN. CHARITABLE$100,000
Central Piedmont Community CollegeCHARLOTTE, NCGEN. CHARITABLE$100,000
Chesapeake Bay AcademyVIRGINIA BEACH, VAGEN. CHARITABLE$100,000
Chesapeake Regional Health FoundatiCHESAPEAKE, VAGEN. CHARITABLE$100,000
Chrysler Museum Of ArtNORFOLK, VAGEN. CHARITABLE$100,000
Communities In Schools Of ChesterfiCHESTER, VAGEN. CHARITABLE$100,000
Dorothea Dix Park ConservancyRALEIGH, NCGEN. CHARITABLE$100,000
EgglestonNORFOLK, VAGEN. CHARITABLE$100,000
Elizabeth River ProjectNORFOLK, VAGEN. CHARITABLE$100,000
Forkids IncCHESAPEAKE, VAGEN. CHARITABLE$100,000
Greenville-Enc AllianceGREENVILLE, NCGEN. CHARITABLE$100,000
Habitat For Humanity Of South HamptNORFOLK, VAGEN. CHARITABLE$100,000
Judeo-Christian Outreach CenterVIRGINIA BEACH, VAGEN. CHARITABLE$100,000
Lake Taylor Transitional Care HospiNORFOLK, VAGEN. CHARITABLE$100,000
Mercy Medical AngelsNORFOLK, VAGEN. CHARITABLE$100,000
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