The Agena Foundation Inc is a private foundation based in Virginia Beach/Chesapeake, Virginia. It operates as a non-operating foundation focused on distributing funds for charitable and educational purposes, with particular emphasis on programs that improve the quality of life for young adults.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.4M
-2.2% YoY
Annual Giving
$2.1M
+60.9% YoY
Grant Count
18
+12.5% YoY
Avg Grant Size
$118K
+43.0% YoY
Under IRS private-foundation payout rules, The Agena Foundation Inc reported a distributable amount of $2.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's stated charitable purpose is the "distribution of funds for charitable and educational purposes, including, but not limited to, those programs that improve the quality of young adults."
Primary funding focus areas include:
- Youth services and young adult programs
- Human services
- Housing and supportive housing
- Women's shelters
- Nursing home services
- Community-based therapeutic services and mental health counseling
- Foster care and related services
- Rent assistance programs
Grantmaking
The foundation operates on a preselected grantee model only. It does not accept unsolicited applications. The foundation typically selects grantees rather than accepting unrestricted proposals. Organizations interested in funding should pursue introductions through current grantees, local intermediaries, or regional civic leaders, with emphasis on demonstrating clear local impact in the Hampton Roads area.
Grant Range
$68,000
Average Grant
amount: $95,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
Grantmaking is concentrated in Virginia, with particular focus on the Hampton Roads region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $29.4–$29.4 million (as of most recent filing)
- Total giving (2024): $2,124,500
- Annual income: $25.5 million
- Asset growth: Increased from $3.9 million in 2011 to approximately $30 million by 2023
- Tax-deductible status: Contributions are tax-deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,435,997 | $30,098,666 | $27,793,026 |
| Revenue | $1,933,416 | $4,383,568 | $1,060,696 |
| Expenses | $2,747,471 | $1,734,793 | $2,157,200 |
| Qualifying Distributions | $2,357,321 | $1,446,081 | $1,829,891 |
| Net Investment Income | $1,543,266 | $4,200,077 | $668,564 |
| Distributable Amount | $2,097,840 | $1,893,402 | $1,991,156 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Boys and Girls Club of Se Va ($322,500), Seton Youth Shelters ($305,000), Forkids Inc ($273,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FORKIDS INC NORFOLK, VA | IN SUPPORT OF PRGM FOR HOMELESS | $273,000 |
| FRIENDS OF THE VB JDRC VIRGINIA BEACH, VA | IN SUPPORT OF COMMUNITY SERVICE | $25,000 |
| HOPE HOUSE FOUNDATION NORFOLK, VA | SPECIAL NEEDS HOUSING, QUALITY OF | $55,000 |
| SETON YOUTH SHELTERS VIRGINIA BEACH, VA | EMERGENCY FAMILY AND YOUTH SHELTER | $305,000 |
| ST COLUMBIA ECUMENICAL NORFOLK, VA | PRESCRIPTION MEDICATION PRGM | $50,000 |
| THE BOYS AND GIRLS CLUB OF SE VA NORFOLK, VA | CLUB PRGM FOR YOUTH AND TEENS | $322,500 |
| THE MUSE WRITING CENTER NORFOLK, VA | PROVIDES CREATIVE WRITING CLASSES & | $60,000 |
| THE SALVATION ARMY OF TIDEWATER NORFOLK, VA | RENT ASSISTANCE PROGRAM | $220,000 |
| THE UNION MISSION NORFOLK, VA | SHELTER, FOOD & RECOVERY PROGRAM | $25,000 |
| TIDEWATER FRIENDS OF FOSTER CARE NORFOLK, VA | SUPPORT FOR CHILDREN IN FOSTER CARE | $82,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Key Personnel:
- Judy G McReynolds – President (4 hours/week, unpaid)
- Kimberlee Russi – Vice President (2 hours/week, unpaid)
- Christopher H Russi – Secretary (4 hours/week, unpaid)
- Felicia Ford – Executive Director (40 hours/week, $301,000 annual compensation)
- Kimberly C Painter – Treasurer (1 hour/week, unpaid)
The foundation is governed by 5 officers and trustees and is likely staffed based on reported board members and key employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JUDY G MCREYNOLDS | PRESIDENT | 4 | — |
| KIMBERLEE RUSSI | VICE PRESIDE | 2 | — |
| CHRISTOPHER H RUSSI | SECRETARY | 4 | — |
| FELICIA FORD | EXECUTIVE DI | 40 | $301,125 |
| KIMBERLY C PAINTER | TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated consistent grant activity, with 32 grants totaling $3 million made across available records. The foundation has supported 18 unique organizations, with grant recipients concentrated in Virginia. Recent filings indicate ongoing active grantmaking with distributions continuing in 2024.
Agena Group Recognised at Grant Thornton\u2019s Sussex Limited 2024Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Agena Foundation Inc fund?
The foundation's stated charitable purpose is the "distribution of funds for charitable and educational purposes, including, but not limited to, those programs that improve the quality of young adults." Primary funding focus areas include: • Youth services and young adult programs • Human services • Housing and supportive housing • Women's shelters • Nursing home services • Community-based therapeutic services and mental health counseling • Foster care and related services • Rent assistance pro…
How do I apply for a grant from The Agena Foundation Inc?
**Grant Characteristics:** • Median grant size: $68,000 • Grant range: $10,000–$323,000 • Average grant amount: $95,000 • Recent grant activity: 18 grants reported in the most recent filing **Application Process:** The foundation operates on a preselected grantee model only. It does not accept unsolicited applications. The foundation typically selects grantees rather than accepting unrestricted proposals. Organizations interested in funding should pursue introductions through current grantees, …
Where does The Agena Foundation Inc make grants?
Grantmaking is concentrated in Virginia, with particular focus on the Hampton Roads region.
What size grants does The Agena Foundation Inc award?
In 2024, The Agena Foundation Inc awarded 18 grants totaling $2.1M — an average of about $118K per grant, based on its IRS Form 990 filings.
How much is The Agena Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Agena Foundation Inc reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Agena Foundation Inc's EIN?
The Agena Foundation Inc's EIN (Employer Identification Number) is 26-2882583. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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