The Elmwood Fund

Overview

Mission

Explore The Elmwood Fund’s Key Signals, filed financials, transparency, leadership and compensation, and counterparties for nonprofit due diligence.

What it reported funding in 2025

The foundation reported 20 grants totaling $156,000. The stated grant purpose was educational, religious, and charitable(including scholarships to students under an approved program).

Operating model

Revenue model
Investment-supported. 92% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

Nonprofit profile at a glance

EIN
237075321
IRS 990-PF coverage
2020–2025
Forms available
Form 990-PF 2025
Headquarters
Richmond, VA, USA
Rating
89
Verdict
STRONG
Rating confidence
Standard

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The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 91
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 7

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 88th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 91.4%; rating input score 91; 78th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 4.01; rating input score 7; 7th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 7th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 6 annual filings from 2020 to 2025
  • Money network: 20 filed money-flow records