Richard & Caroline T. Gwathmey Memorial Trust
/OVERVIEW: The Richard & Caroline T. Gwathmey Memorial Trust supports arts and culture, humanities, education and human services in Virginia.
FUNDING AREAS: Arts and culture, humanities, education, human services
IP TAKE: Geographic diversity is important to this Virginia funder, which is very interested in supporting well-established nonprofits in communities all across the state.
PROFILE: Established in 1981, the Richard & Caroline T. Gwathmey Memorial Trust is a private foundation that is managed by Bank of America Philanthropic Solutions’ District of Columbia (D.C.) office. Elizabeth Gwathmey Jeffress created this foundation in memory of her parents. Jeffress was interested in art, architecture, literature and history in Virginia. This foundation funds local efforts for arts and culture, education and human services.
The Richard & Caroline T. Gwathmey Memorial Trust has two separate grant cycles in the spring and fall. The spring cycle funds access to basic services, such as food, healthcare, shelter and safety. It also funds workforce development in the state and efforts for protecting the environment. In the fall grant cycle, the Gwathmey Memorial Trust supports access to the arts, culture and humanities. At this time, it also awards grants for historical preservation in Virginia and for education for disadvantaged children and adults. The funder provides one-year grants for both general operating support and program support. However, it does not award grants for endowments or capital support. Grantees are not considered for additional funding before three years from their previous grant award date.
Grants range between about $5,000 to $60,000. Learn more about this funder’s local giving by examining its recent tax records. Grantmaking focuses on communities across the entire state of Virginia. Past local grantees include the Virginia Symphony Orchestra, Park Place Child Life Center and the Chrysler Museum of Art.
This foundation accepts unsolicited grant applications from nonprofits. Grantseekers should submit applications through the Bank of America online system. The spring application deadline is March 1 for notification by June 30. The fall application deadline is September 1 for notification by December 31. Direct general questions to the staff at dc.grantmaking@bankofamerica.com or 877-446-1410.
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