Private Foundation

TOWNEBANK FOUNDATION

TOWNEBANK FOUNDATION is a Private Foundation headquartered in SUFFOLK, VA. Financial data from the 2024 filing: $12.0M revenue, $9.1M expenses, $20.0M total assets. IRS filings disclose 912 grants awarded by this foundation, totaling roughly $36.5M.

EIN: 542036534 SUFFOLK, VA Latest filing: 2024

Total Revenue$12.0M

Total Expenses$9.1M

Total Assets$20.0M

Grants Given912

Grant Total$36.5M

Filing Years2019–2024

Sample Grants Given

VIRGINIA WESLEYAN UNIVERSITY

VIRGINIA BEACH, VA · 2024

GEN. CHARITABLE

$312,500

HAMPTON UNIVERSITY

HAMPTON, VA · 2024

GEN. CHARITABLE

$200,000

EASTERN VIRGINIA MEDICAL SCHOOL FOU

NORFOLK, VA · 2024

GEN. CHARITABLE

$200,000

CHRISTOPHER NEWPORT UNIVERSITY EDUC

NEWPORT NEWS, VA · 2024

GEN. CHARITABLE

$200,000

EQUI-KIDS THERAPEUTIC RIDING PROGRA

VIRGINIA BEACH, VA · 2024

GEN. CHARITABLE

$150,000

Showing up to 5 of 912 total records — full history available with membership.

Officers & Directors

PRESIDENT & G Robert Aston Jr

VP & DIRECTO J Morgan Davis

EXECUTIVE DI Robyn S Leavy

TREASURER & R Scott Morgan

SECRETARY & William T Hodsden

Officer compensation and complete director data available with membership.

Top Grant Purposes

GEN. CHARITABLE

$26,727,941 672 grants

GENERAL SUPPORT

$5,743,622 150 grants

GENERAL CHARITABLE

$3,990,098 90 grants

Financial Trends

Year	Revenue	Expenses	Assets
2024	$12.0M	$9.1M	$20.0M
2023	$8.1M	$8.0M	$17.1M
2022	$11.9M	$7.0M	$17.1M
2020	$4.2M	$4.3M	$2.7M
2019	$5.1M	$4.4M	$2.8M

Between 2019 and 2024, reported annual revenue grew from $5.1M to $12.0M (+134%), with total assets most recently reported at $20.0M.

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

Grant Geography

Grants from this foundation were reported to recipients in AL, CA, DC, FL, IA, IN, and 4 other states.

ALCADCFLIAINKYLAMDMN

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

See the full picture for TOWNEBANK FOUNDATION

Complete financials, all 912 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports