The Foundation’s mission is to improve personal financial literacy and economic education in the Commonwealth.
A three-year run of six-figure scholarships to the Virginia Foundation of Community College Education defines Vba Education Foundation’s recent grantmaking. The foundation’s largest listed grants are $130,000 in 2023 and 2024, followed by $110,000 in 2025, all for funding scholarships for underserved students in the community college system. That pattern sits alongside a narrower set of grants that connect financial education with schools and colleges across Virginia. One example is the Virginia Council on Economic Education, which received $32,000 in each of 2023, 2024, and 2025 for Virginia public school educators and UVA Wise. Another recurring recipient is Read to Them, supported for a Virginia Reads One Book reading event that ties literacy activities to school-based outreach. The foundation’s stated mission is to improve personal financial literacy and economic education in the Commonwealth, and its active programs show that mission in practice through scholarships, bank-career exposure, educator support, and reading-based literacy programming. Across the grants on file, the emphasis is on Virginia students, educators, and community programs rather than individuals.
Scholarships are the clearest thread in the foundation’s work. In 2025 it gave $110,000 to the Virginia Foundation of Community College Education for scholarships for underserved students in the community college system, after $130,000 in both 2023 and 2024 for the same purpose. Financial literacy shows up through program support as well as grants. The foundation sponsors Virginia Reads One Book through Read to Them, including a $10,000 grant in 2023 and $7,500 grants in 2024 and 2025 for a one reading event. It also supports educator and institutional work through the Virginia Council on Economic Education, which received $32,000 in each of 2023, 2024, and 2025 for Virginia public school educators and UVA Wise. The active program list also points to K-12 student offerings and senior financial education.
Typical grants cluster around a median of $32,000, with a lower quartile of $15,500 and an upper quartile of $105,500. The recent record shows repeated support to the same recipients across multiple years, especially the Virginia Foundation of Community College Education, Virginia Council on Economic Education, and Read to Them. That makes the foundation look more like a steady, program-aligned grantmaker than a one-off sponsor. It does not fund individuals, and it does not make program-related investments. The available program descriptions show a mix of unsolicited opportunities and structured scholarships, including both open programs and a scholarship track tied to banking careers.
$150K
$2.1M
$195K
$189K
Most grants fall between $16K and $106K, with a median of $32K.
25th Percentile
$16K
Median
$32K
75th Percentile
$106K
STACY K PUCKETT
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Giving is entirely Virginia-based in the recent record, with 100% of grants to recipients in the state. The strongest concentration is in Richmond, where both the Virginia Foundation of Community College Education and Virginia Council on Economic Education are located, and where Read to Them also appears. The grants support statewide work rather than a single locality: community college scholarships, public school educator support, and one-book literacy programming all operate across Virginia. The foundation’s top giving state is Virginia, matching its local scope.
Its recent grants center on scholarships for underserved community college students, educator and institutional support for Virginia public school economics education, and literacy programming through Virginia Reads One Book. The same three recipient organizations appear multiple times in the recent record, which shows a sustained focus on education-related work in Virginia.
The grant-size distribution shows a p25 of $15,500, a median of $32,000, and a p75 of $105,500. In the recent grants list, awards range from $7,500 to $130,000, with repeated $32,000 grants and multiple six-figure scholarship grants.
Yes. The Virginia Foundation of Community College Education appears in 2023, 2024, and 2025 for scholarship funding. Virginia Council on Economic Education also appears in each of those three years, and Read to Them appears in 2023, 2024, and 2025 for Virginia Reads One Book.
Its recent giving is entirely in Virginia: 100% of grants went to recipients in the state. Richmond appears repeatedly as the recipient city, including for the Virginia Foundation of Community College Education, Virginia Council on Economic Education, and Read to Them.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| THE VIRGINIA FOUNDATION OF COMMUNITY COLLEGE EDUCATION | RICHMOND, VA | $110,000 | 2026 | FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM |
| VIRGINIA COUNCIL ON ECONOMIC EDUCATION | RICHMOND, VA | $32,000 | 2026 | VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE |
| THE VIRGINIA FOUNDATION OF COMMUNITY COLLEGE EDUCATION | RICHMOND, VA | $110,000 | 2025 | FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM |
| VIRGINIA COUNCIL ON ECONOMIC EDUCATION | RICHMOND, VA | $32,000 | 2025 | VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE |
| READ TO THEM | RICHMOND, VA | $7,500 | 2025 | VA READS ONE BOOK-ONE READING EVENT |
| THE VIRGINIA FOUNDATION OF COMMUNITY COLLEGE EDUCATION | RICHMOND, VA | $130,000 | 2024 | FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM |
| VIRGINIA COUNCIL ON ECONOMIC EDUCATION | RICHMOND, VA | $32,000 | 2024 | VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE |
| READ TO THEM | RICHMOND, VA | $7,500 | 2024 | VA READS ONE BOOK-ONE READING EVENT |
| THE VIRGINIA FOUNDATION OF COMMUNITY COLLEGE EDUCATION | RICHMOND, VA | $130,000 | 2023 | FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM |
| VIRGINIA COUNCIL ON ECONOMIC EDUCATION | RICHMOND, VA | $32,000 | 2023 | VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE |
| READ TO THEM | RICHMOND, VA | $10,000 | 2023 | VA READS ONE BOOK-ONE READING EVENT |
FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM
VIRGINIA COUNCIL ON ECONOMIC EDUCATION
$32,000VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE
FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM
VIRGINIA COUNCIL ON ECONOMIC EDUCATION
$32,000VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE
READ TO THEM
$7,500VA READS ONE BOOK-ONE READING EVENT
FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM
VIRGINIA COUNCIL ON ECONOMIC EDUCATION
$32,000VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE
READ TO THEM
$7,500VA READS ONE BOOK-ONE READING EVENT
FUNDING SCHOLARSHIPS FOR UNDERSERVED STUDENTS IN THE COMMUNITY COLLEGE SYSTEM
VIRGINIA COUNCIL ON ECONOMIC EDUCATION
$32,000VA PUBLIC SCHOOL EDUCATORS AND FOR UVA WISE
READ TO THEM
$10,000VA READS ONE BOOK-ONE READING EVENT