# E. Rhodes & Leona B. Carpenter Foundation

E. Rhodes & Leona B. Carpenter Foundation is a Private Foundation based in Radnor, United States.

## Overview

- **Organization type:** Private Foundation
- **Headquarters:** Radnor, United States
- **Region:** North America
- **Address:** 150 N Radnor Chester Rd Suite A200, Radnor, PA 19087, United States
- **Founded:** 1975
- **Assets under management:** $252M (Altss estimate)
- **Website:** carpenterfoundation.us

## Regulatory record

- **Reports private funds:** No

## About

The E. Rhodes & Leona B. Carpenter Foundation was established in 1975 by E. Rhodes Carpenter and Leona B. Carpenter. E. Rhodes Carpenter built Carpenter Co., a manufacturing business. Both founders are deceased. Their daughter Ann B. Day and son Paul B. Day Jr. now lead the board. The foundation maintains a diversified portfolio that includes publicly traded equities valued at $89 million and fixed income holdings of $92 million. It makes grants across the United States with emphasis on theological seminaries, museums such as the Virginia Museum of Fine Arts and Denver Art Museum, and performing arts groups including Richmond Triangle Players. Annual giving has reached $11.6 million. The foundation operates from a single office in Radnor, Pennsylvania. The foundation lists 14 service providers and relationships, including investment advisors Fund Evaluation Group and Fort Washington Investment Advisors. No recent operational events from the last 24 months appear in available records. Governance remains within the founding family through the Day siblings, who hold the president and vice president roles. This structure keeps grant decisions inside the original family line rather than shifting to external professional managers.

## Sectors

- Education
- Arts

## People

- Ann B. Day — President
- Paul B. Day Jr. — Vice President
- Joseph A. O'Connor — Executive Director and Treasurer
- Diane L. Collins — Executive Director

## Questions

### Who runs investment decisions at the E. Rhodes & Leona B. Carpenter Foundation?

Ann B. Day serves as president. Paul B. Day Jr. serves as vice president. Joseph A. O'Connor and Diane L. Collins serve as co-executive directors. External advisors include Fund Evaluation Group and Fort Washington Investment Advisors.

### What areas does the foundation support with grants?

Primary areas include graduate theological education, performing arts in Richmond Virginia, Asian art initiatives, and projects for LGBTQ+ persons of faith. Notable recipients include the Virginia Museum of Fine Arts and Johns Hopkins University.

### How is the foundation related to Carpenter Co.?

E. Rhodes Carpenter founded both the company and the foundation. The foundation now operates independently of the corporation.

### Does the foundation participate in fund commitments or only direct grants?

Available records show grantmaking activity rather than commitments to external funds or direct investments in operating companies.

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Last updated: 2026-07-06T00:33:02.383Z

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