Public Charity

VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION

VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION is a private foundation categorized as Public Charity based in RICHMOND, VA. Its most recent IRS filing (2025) reports revenue of $3.0M, expenses of $3.0M, total assets of $1.4M. Imperigo tracks 1 reported grants from this foundation totaling approximately $10K.

EIN: 201351659 RICHMOND, VA Alliances & Advocacy NTEE: S01 Latest filing: 2025
Total Revenue$3.0M
Total Expenses$3.0M
Total Assets$1.4M
Grants Given1
Grant Total$10K
Filing Years2021–2025

Mission

TO ADMINISTER A PROGRAM ESTABLISHED AND SPONSORED BY THE VIRGINIA MUNICIPAL LEAGUE AND VIRGINIA ASSOCIATION OF COUNTIES WHICH PROVIDES FINANCIAL SERVICES TO LOCAL GOVERNMENTAL ENTITIES IN THE COMMONWEALTH OF VIRGINIA. VLGFC OFFERS FINANCIAL-RELATED SERVICES ON A POOLED BASIS AND ALSO WHERE OPPORTUNITIES EXIST TO ACHIEVE ECONOMIES OF SCALE, THEREBY ENABLING LOCAL GOVERNMENTS TO OBTAIN HIGH QUALITY SERVICES AT RELATIVELY LOW COST.

Where $100 goes at Virginia Local Government Finance Corporation

How Virginia Local Government Finance Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$91 Programs the work itself
$9 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $91 for programs

$66
As of june 30, 2025 the pooled opeb trust fund managed investments in two separate portfolios with net assets totaling 2.07 billion
73% of program spending
$18
Provide accounting staff support to local governments in order to promote transparency and conformance with governmental accounting standards
19% of program spending
$5
Provide financing-related municipal advisory services in order to promote local transparency and sound financial management practices
6% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

COUNTY OF WYTHE VIRGINIA
WYTHEVILLE, VA · 2017
CLOSING COSTS
$10,000

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

DIRECTOR Andrea Light
SECRETARY Christine L Lopilato
DIRECTOR Dean A Lynch
PRESIDENT Deborah C Sturm
VICE PRESIDE Doug Stanley
DIRECTOR Gary G Adkins

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.0M $3.0M $1.4M
2024 $2.6M $2.7M $1.3M
2023 $2.4M $2.4M $1.4M
2022 $2.5M $2.5M $1.4M
2021 $2.8M $2.7M $1.8M

Between 2021 and 2025, reported annual revenue grew from $2.8M to $3.0M (+9%), with total assets most recently reported at $1.4M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in VA.

VA

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for VIRGINIA LOCAL GOVERNMENT FINANCE CORPORATION

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