Community Foundation

What Community Foundation does

The Community Foundation for a greater Richmond (also operating as Community Foundation of Richmond) is a 501(c)(3) public charity founded in 1968 and headquartered at 3409 Moore Street in Richmond, Virginia. It is the largest community foundation in Virginia and the third-largest in the U.S. Southeast, serving the greater Richmond region through three regional affiliates (Gloucester, Mathews, and River Counties Community Foundations) and two supporting organizations (R.E.B. Foundation and Jenkins Foundation). The Foundation operates a multi-segment philanthropic model, serving individual donors and families, businesses and corporate giving programs, nonprofit organizations, private foundations and trusts, giving circles, students/scholars, and educators across nine cause areas including affordable housing, education, health, environment, social justice, and workforce.

The Foundation's product portfolio is anchored in Donor Advised Funds (DAFs) and supported by a cloud-based philanthropy management platform. The Fund Advisor Portal (powered by fcsuite.com) provides fund holders with 24/7 access to balances, activity statements, contributions, and grant recommendations. The CFengage Engagement Center connects volunteers, job seekers, and donors with nonprofit opportunities across the region, while the Scholarship Management System (via Grant Interface) offers a universal application that matches students to 70+ qualifying scholarship opportunities. Supporting products include Agency Funds for nonprofits (Endowed Agency Funds at $25,000 minimum and Flexible Agency Funds at $10,000 minimum), themed giving funds (Community Impact Fund, Amandla Fund for Racial & Economic Justice, Fund for Affordable Housing, Conserve the Future Fund, etc.), and philanthropic advisory services covering fund establishment, trust arrangements, and family engagement.

Revenue is generated through management fees on donor advised funds (subscription/recurring), agency fund management fees, grant administration services, and supporting organization administration. Go-to-market motions include direct-to-consumer donor engagement through personalized outreach, sales-led partnerships with professional advisors (financial advisors, accountants, attorneys), community-led nonprofit capacity building, and event-driven engagement (info sessions, volunteer opportunities, community celebrations). In 2025, the Foundation distributed over $5M in Community Impact Grants to 125+ nonprofit partners, and its 2026 MLK Day initiative generated 838 volunteer connections across 23 projects.

Name

Community Foundation

Legal name

Community Foundation for a greater Richmond

Website

https://cfrichmond.org

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

The Community Foundation for a greater Richmond is a 501(c)(3) public charity founded in 1968 that operates as Virginia's largest community foundation, managing donor advised funds, agency funds, scholarship programs, and grantmaking across nine cause areas in the greater Richmond region.

Ownership category

akta.pro rank

Product category

Community Philanthropy Services

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (8132), Environment, Conservation and Wildlife Organizations (813312), Social Advocacy Organizations (8133)

SIC

Services-Social Services (8300)

akta.pro primary industry

Community Foundations (BPAGAKAB)

akta.pro secondary industries

Public Charities & Grantmaking Intermediaries (BPAGAKAE), Social Justice & Human Rights Grantmaking Foundations (BPAGAKAN), Environmental & Climate Grantmaking Foundations (BPAGAKAM)

Keywords

• Community philanthropy services
• Donor advised funds
• Charitable fund management
• Grantmaking administration
• Nonprofit capacity building

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Donor Advised Fund Management: Manages charitable funds for donors who contribute assets, receive investment growth, and recommend grants to nonprofits. Administrative fees support operations.
2. Agency Fund Management: Nonprofits establish agency funds at the Foundation with minimums of $10,000-$25,000. The Foundation provides investment oversight, administrative services, and distributions in exchange for management fees.
3. Grant Programs: Competitive grant programs including Community Impact Grants (over $5M annually to 125+ nonprofits), affiliate grants, and initiative-specific funding distributed to regional nonprofits.
4. Supporting Organization Administration: Administrative support for supporting organizations like the R.E.B. Foundation and Jenkins Foundation, handling grantmaking and operations on their behalf.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core offering

The Community Foundation for a greater Richmond is a 501(c)(3) public charity that manages philanthropic assets and channels charitable contributions to nonprofits in the greater Richmond region. It offers Donor Advised Funds, Agency Funds for nonprofits, scholarship programs, grantmaking services, and personalized philanthropic advisory services through its Fund Advisor Portal, CFengage Engagement Center, and Scholarship Application System. The Foundation pools donor resources into community impact, affordable housing, education, health, and other cause-specific funds.

Product overview

The Community Foundation for a greater Richmond operates as a philanthropy organization offering a suite of charitable giving products and services centered around Donor Advised Funds. The core product portfolio includes the Fund Advisor Portal (online fund management), the CFengage Engagement Center (volunteer and nonprofit connection platform), and the Scholarship Management System (via Grant Interface). Supporting programs include Community Impact Fund, Agency Funds for Nonprofits, Philanthropic Advisory Services, and grantmaking operations. The organization also administers the R.E.B. Awards for Teaching Excellence and Distinguished Educational Leadership. The architecture is platform-based with the Fund Advisor Portal and CFengage serving as primary digital interfaces for donors, fund holders, and community members. The organization is the largest community foundation in Virginia and third-largest in the southeast.

Differentiator

Problem solved

Functional benefit

Brands

• Community Impact Fund: A fund that broadly supports the region's greatest needs by combining donor contributions to fuel the Foundation's ability to directly and responsively support initiatives driving change.
• Amandla Fund for Racial & Economic Justice
• Conserve the Future Fund
• Fund for Affordable Housing
• Fund for Animal Welfare
• Fund for Cultural Vibrancy
• Fund for Educational Success
• Fund for Health and Wellness
• OuRVA Collective
• SisterFund
• Ujima Legacy Fund
• Mathews Women
• R.E.B. Awards for Teaching Excellence
• R.E.B. Awards for Distinguished Educational Leadership

Products and services

• Donor Advised Funds
• Fund Advisor Portal
• CFengage Engagement Center
• Community Impact Fund
• Scholarship Management System
• Nonprofit Capacity Building Programs
• Grantmaking Services
• Agency Funds for Nonprofits
• Philanthropic Advisory Services
• Giving Circles

Quantifiable outcome

• Over $5 million in Community Impact Grants distributed to 125+ nonprofit partners in 2025
• +4 more outcomes

Named customers9 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered minor and core.

• Ronald McDonald House Charities of RichmondminorStrategic or Co-development Partner · 1 March 2026Capital campaign supported by Community Foundation fundholders. RMHC Richmond launching transformative capital campaign to build new 52,000 sq ft facility in Jackson Ward.
• Jenkins FoundationcoreStrategic or Co-development Partner · 1 April 2025Supporting organization of the Community Foundation promoting health equity. Announced grants to 15 nonprofits across Richmond region continuing nearly 30-year mission.
• SisterFundminorGTM or Marketing Partner · 1 January 2023Giving circle of Black women in collaboration with Community Foundation, celebrating 10 years of collective giving and community impact.
• Ujima Legacy FundminorGTM or Marketing Partner · 1 January 2013Giving circle founded in 2013 bringing together African American men to increase philanthropic impact and provide seed grants to Black-led nonprofits.
• R.E.B. FoundationcoreStrategic or Co-development Partner · 1 January 1988Supporting organization established in 1988 by Rudolph and Esther Bunzl. Manages R.E.B. Awards for Teaching Excellence and Distinguished Educational Leadership, plus annual grants for educational and cultural programs.
• Gloucester Community FoundationcoreChannel Partner/ Reseller/ DistributorRegional affiliate extending Community Foundation services to Gloucester County and surrounding areas. Awards grants to nonprofits supporting healthy, vibrant communities.
• Mathews Community FoundationcoreChannel Partner/ Reseller/ DistributorRegional affiliate serving Mathews County with grantmaking and community engagement programs for rural community philanthropy.
• River Counties Community FoundationcoreChannel Partner/ Reseller/ DistributorRegional affiliate covering multiple counties with funds supporting critical community work across the region.
• AltriaminorGTM or Marketing PartnerCorporate partner investing in the nonprofit community through volunteer grants programs.
• CarMaxminorGTM or Marketing PartnerCorporate partner investing in the nonprofit community through volunteer grants programs.
• Henrico CountycoreStrategic or Co-development PartnerPartnership with Henrico County Affordable Housing Trust Fund representing $60 million commitment to expand homeownership access and strengthen economic mobility.
• Partnership for Housing AffordabilitycoreStrategic or Co-development PartnerCollaborative partner working with private homebuilders to deliver affordable housing through Henrico County's $60 million Trust Fund.
• OuRVA CollectiveminorGTM or Marketing PartnerGiving circle partner united around shared values creating collective voice and impact on the Richmond region.
• TargetminorGTM or Marketing PartnerCorporate supporter providing $8,500 in mini-grants to nine organizations for MLK Day initiatives.
• Children's Hospital of Richmond at VCUminorStrategic or Co-development PartnerPediatric medical care hub driving increased demand for RMHC Richmond services in the region.

Scale indicators10 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• The Cleveland Foundation: One of the largest and oldest community foundations in the U.S., serving Greater Cleveland with a comparable mix of donor advised funds, competitive grantmaking, scholarship administration, and nonprofit capacity building. Most directly comparable in scale and operating model to a large regional community foundation.
• Greater Kansas City Community Foundation: Large multi-county community foundation operating donor advised funds, agency funds, scholarship programs, and supporting-organization administration for the Kansas City region. Directly comparable in product mix, geographic concentration, and diversified fee-based revenue.
• The Pittsburgh Foundation: Regional community foundation with DAFs, agency endowments, scholarship programs, and competitive impact grantmaking serving the Pittsburgh area. Closely aligned with Richmond's scale, multi-channel GTM, and supporting-organization model.
• The Baltimore Community Foundation: Mid-Atlantic community foundation operating donor advised funds, agency funds, scholarship, and civic engagement programs in the Baltimore region. Comparable geography, product suite, and reliance on professional advisor partnerships.
• The Winston-Salem Foundation: Regional community foundation serving Forsyth County and surrounding areas with DAFs, agency funds, scholarships, and competitive grantmaking. Comparable in size, regional concentration, and full-service community foundation model.
• The Community Foundation for Greater Atlanta: One of the largest community foundations in the Southeast, with a comparable mix of donor advised funds, agency funds, impact investing, and nonprofit capacity building. Provides a relevant scale and product-mix benchmark given Richmond's "third-largest in the Southeast" positioning.

Regional players

• Hampton Roads Community Foundation: Virginia-based community foundation serving the Hampton Roads region with a similar DAF, grant, and scholarship offering. Operates in the same state but in a different metropolitan geography, providing a regional benchmark for Virginia community foundation scale and programming.

Broad incumbents

• Fidelity Charitable: The largest national donor advised fund sponsor in the U.S., offering low-cost DAFs integrated with Fidelity's brokerage and wealth platforms. Directly competes with community foundation DAFs on price, scale, and digital experience, representing the primary competitive threat to regional DAF growth.
• Schwab Charitable: Major national donor advised fund sponsor affiliated with Charles Schwab, offering integrated DAF, brokerage, and wealth-management services. Represents a similar competitive threat to community foundation DAF offerings on price and one-stop-shop convenience.
• Foundation Source: Leading national provider of administrative services for private foundations, including back-office grantmaking, compliance, and tax administration. Comparable to the Community Foundation's supporting-organization and private foundation administration services, and competes for the same high-net-worth clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubevimeo.com/cfrichmondva
• Facebookfacebook.com/cfrichmondva
• LinkedInlinkedin.com/company/the-community-foundation
• Instagraminstagram.com/cfrichmondva
• Xx.com/cfrichmondva

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Foundation