THE FOUNTAIN FUND
AI Summary
THE FOUNTAIN FUND is a Virginia-based nonprofit focused on the rehabilitation of offenders, providing low-interest loans, financial education, and community support to formerly incarcerated people. Its loans can help cover court-imposed obligations, job-related equipment, small-business startup costs, a car, or housing expenses, and the organization reported a $1.7M operating budget and $2.3M in total revenue for filing year 2024. Top funders include Charlottesville Area Community Foundation ($821.9K, 2024), GreenLight Fund Inc ($595K, 2024), and Capital One Foundation Inc ($375K, 2025); based on the figures provided, no single listed funder exceeds 50% of total revenue.
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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- 51 funders
- 22 board & team members
- 8 historic 990s & financials
- 6-year operating budget trend
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.