THE FOUNTAIN FUND
AI Summary
The Fountain Fund is a nonprofit organization focused on the rehabilitation of offenders in Virginia. With an operating budget of $1.7 million and total revenue of $2.3 million, it provides low-interest loans, financial education, and community support to formerly incarcerated individuals, helping them address court-imposed obligations, secure housing, and start small businesses. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.fountainfund.org.
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Mission Statement
THE FOUNTAIN FUND PROVIDES LOW-INTEREST LOANS, FINANCIAL EDUCATION, AND COMMUNITY SUPPORT TO FORMERLY INCARCERATED PEOPLE IN VIRGINIA. LOANS CAN BE USED TO PAY OFF COURT-IMPOSED OBLIGATIONS (COSTS, FINES, FEES, RESTITUTION, CHILD SUPPORT, ETC.), TO PURCHASE JOB-RELATED EQUIPMENT, TO START A SMALL BUSINESS, TO PURCHASE A CAR, OR TO SECURE HOUSING (FIRST MONTH'S RENT AND DEPOSIT).
Cause Areas
1
Rehabilitation of offenders
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is THE FOUNTAIN FUND’s budget?
In 2024, THE FOUNTAIN FUND reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does THE FOUNTAIN FUND support?
THE FOUNTAIN FUND supports work in Rehabilitation of offenders.
Where does THE FOUNTAIN FUND operate?
THE FOUNTAIN FUND is headquartered in Charlottesville, VA.
Who funded THE FOUNTAIN FUND recently?
In 2025, THE FOUNTAIN FUND received grants from Boston Foundation, Inc, SCATTERGOOD BEHAVIORAL HEALTH FOUND, and TIDES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE FOUNTAIN FUND received in 2024?
The largest grant to THE FOUNTAIN FUND in 2024 exceeds $500 thousand.
What is THE FOUNTAIN FUND’s reliance on government grants?
THE FOUNTAIN FUND relied on government grants for less than 5% of their total revenue in 2024.
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