The St. Joseph’s Villa Foundation encourages, receives and stewards gifts, grants, bequests and other types of planned gifts to provide long-term funding for Villa services. In addition to receiving such gifts and recognizing their donors, the Foundation manages these funds as endowments or other assets.
Today the Foundation, with a corpus in the mid-$20 million range, is comprised of assets from:
- A bequest by Dr. Daniel Hopkins Gregg (1885)
- A bequest by Major James H. Dooley (1922)
- Proceeds from the sale of unneeded acreage to establish Villa Park (1986)
- Investment growth
- Gifts and bequests by other faithful Villa friends
Proceeds from the Foundation contribute about 10% of the Villa’s annual operating revenue. Investment proceeds are allocated specifically according to donors’ original intentions.
Through donor support and continued market growth, the Foundation seeks to increase its impact on the lives of children and families the Villa serves.
Villa Foundation Board of Directors
The Foundation is overseen by its Board of Directors. Board members bring knowledge and strengths from their notable professional backgrounds, which include law, investments, banking and business management. These volunteer leaders actively engage in setting investment and spending policies, monitoring of investment performance, development and interpretation of gift acceptance policies, marketing, relationship building, and recognition of donors.
David D. Redmond, Chair / Retired, Christian & Barton
Karen M. L. Whelan, Vice-Chair / Retired, Universal Corporation
Robert E. Leitch, Jr., Secretary / South State Bank
John B. Catlett, Jr. / Union First Market Bank
T. Gaylon Layfield, III / Xenith Bank
Jeanmarie McGowan / Godsey & Gibb Wealth Management
J. Sargeant Reynolds, Jr. / Reynolds Development
Cynthia P. Balderson / Dominion Energy Charitable Foundation