Private Foundation

CHALLENGE FUND

Based in RICHMOND, VA, CHALLENGE FUND operates as a Private Foundation. The organization reported $877K in revenue, $291K in expenses, $4.8M in total assets for fiscal year 2025. Imperigo tracks 147 reported grants from this foundation totaling approximately $2.3M.

EIN: 566059951 RICHMOND, VA Latest filing: 2025

Total Revenue$877K

Total Expenses$291K

Total Assets$4.8M

Grants Given147

Grant Total$2.3M

Filing Years2021–2025

Sample Grants Given

THE UNIVERSITY OF NORTH CAROLINA AT CAPEL HILL FOUNDATION HILL

CHAPEL HILL, NC · 2025

GENERAL SUPPORT

$40,000

RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION

PROVIDENCE, RI · 2025

GENERAL SUPPORT

$27,000

REPRODUCTIVE FREEDOM FOR ALL FOUNDATION

WASHINGTON, DC · 2025

GENERAL SUPPORT

$25,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION

NEW YORK, NY · 2025

GENERAL SUPPORT

$21,250

THE HAVEN

TUCSON, AZ · 2025

GENERAL SUPPORT

$21,250

Showing up to 5 of 147 total records — full history available with membership.

Officers & Directors

DIRECTOR Ann Page Richardson

DIRECTOR Cary R Paynter

DIRECTOR H Smith Richardson Iii

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION

$1,509,971 106 grants

GENERAL SUPPORT

$768,475 41 grants

Financial Trends

Year	Revenue	Expenses	Assets
2025	$877K	$291K	$4.8M
2024	$334K	$289K	$4.2M
2023	$-67K	$294K	$4.2M
2022	$63K	$327K	$4.5M
2021	$439K	$287K	$4.8M

Between 2021 and 2025, reported annual revenue grew from $439K to $877K (+100%), with total assets most recently reported at $4.8M.

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

Grant Geography

Grants from this foundation were reported to recipients in AL, AZ, CA, CT, DC, GA, and 4 other states.

ALAZCACTDCGAMAMDNCNJ

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

See the full picture for CHALLENGE FUND

Complete financials, all 147 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