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Hampton Roads Community Foundation
Hampton Roads Community Foundation was established in 1950 as a permanent charitable endowment. Donors from varied backgrounds created the vehicle to support...
Hampton Roads Community Foundation
Hampton Roads Community Foundation was established in 1950 as a permanent charitable endowment. Donors from varied backgrounds created the vehicle to support equitable opportunity in southeastern Virginia. Deborah M. DiCroce serves as President and CEO. The foundation maintains exposure to private equity, hedge funds, and real estate through its long-term investment pool. It also holds direct ownership of its Norfolk headquarters. Geographic focus remains concentrated in Virginia with additional reach through affiliate structures such as the Eastern Shore of Virginia Community Foundation. Giving circles including Community Leadership Partners and Visionaries for Change channel resources into education and arts initiatives. The organization employs 11 professionals and maintains board representation at the Hampton Roads Executive Roundtable. It participates in the Hampton Roads Alliance as a Premier Investor. Clearstead Advisory Solutions and Morgan Stanley provide investment advisory services.
General information
Firm type
Endowment / Foundation
Year founded
1950
Location
Region
North America
Country
United States
City
Norfolk
Corporate office
101 W. Main Street Suite 4500, Norfolk, VA 23510, United States
Principals
Deborah M. DiCroce
President & CEO
Sharon S. Goodwyn
Board Chair
Sector focus
Frequently asked questions
Who runs investment decisions at Hampton Roads Community Foundation?
Deborah M. DiCroce serves as President and CEO. External advisors including Clearstead Advisory Solutions and Morgan Stanley support the investment process. The board provides oversight on allocation targets.
Does Hampton Roads Community Foundation participate in fund commitments or only direct deals?
The foundation allocates to private equity funds, hedge funds, and real estate funds through its long-term pool. It also holds direct real estate ownership of its headquarters. No direct company-level equity positions appear in available records.
Where does the underlying wealth come from?
The endowment aggregates gifts from multiple donors across southeastern Virginia. No single family or corporate source accounts for the majority of assets. The structure functions as a community foundation rather than a private family vehicle.
What investment stages does Hampton Roads Community Foundation typically target?
Allocations include private equity, secondaries, distressed debt, and special situations. The foundation maintains a diversified long-term pool without disclosed stage restrictions. Geographic exposure centers on the United States.
How is Hampton Roads Community Foundation related to its affiliate foundations?
It manages the Eastern Shore of Virginia Community Foundation as an affiliate. Additional giving circles such as Community Leadership Partners operate under its umbrella. These vehicles extend grantmaking reach while remaining under central governance.
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