NET WORTH: Unknown
SOURCE OF WEALTH: Akre Capital Management
FUNDING AREAS: Human Services, Environment/Animals, Global
OVERVIEW: Chuck Akre and family move their philanthropy through the Fagus Foundation. The family supports human services, the environment, and other select causes through their charity. The Mid-Atlantic states, particularly Virginia, are important sites of giving.
BACKGROUND: Chuck T. Akre graduated with a B.A. in English Literature from American University. He was associated with the NYSE firm Johnston, Lemon & Co. Akre went on to found Akre Capital Management in 1989 and relocated the business to Middleburg, Virginia, in 2002.
HUMAN SERVICES: Akre and family, via their foundation, have supported A Place to Be, a “therapeutic arts organization for children and adults with and without disabilities”; Windy Hill Foundation, which provides housing; Rappahannock Pantry; Food Bank for New York City; and Fauquier Free Clinic.
ENVIRONMENT & ANIMALS: Grantees have included Turtle Survival Alliance, The Nature Conservancy, and Piedmont Environmental Council.
GLOBAL: The Akres also earmark funds for global organizations like Global Fund for Women and Iniciativa Guatemala, which helps “local partners create better opportunities for vulnerable youth and families in Guatemala's at-risk communities.”
OTHER: The Akre family has also supported Smithsonian Conservation Biology Institute and Castleton Festival, among other outfits, via their foundation.
LOOKING FORWARD: Expect the Akres to stick with their select interest areas.
The Fagus Foundation does not provide a clear avenue of contact, but below is an address:
P.O. Box 1395
Middleburg, VA 20118