Endowment / Foundation

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KLM Scholarship Foundation

The KLM Foundation was established in November 2002 by Kimberley L. Martin, an IT project management professional who built the organization with her husband,...

KLM Scholarship Foundation logo

KLM Scholarship Foundation

The KLM Foundation was established in November 2002 by Kimberley L. Martin, an IT project management professional who built the organization with her husband, Gary A. Martin, as a key supporter. The foundation's mission traces directly to Martin's great-grandmother, Florence B. Bowser, a pioneering educator in Virginia whose legacy informs the foundation's focus on removing financial barriers to higher education. The organization is rooted in Richmond, Virginia, and has maintained a strong operational partnership with Virginia State University since its inception. KLM Foundation concentrates its deployment on higher-education access in Virginia through academic-based book scholarships. The foundation does not operate as a diversified endowment or investment entity; its programming is structured as direct grantmaking to college students facing financial obstacles. The organization's partnership with Virginia State University anchors its geographic footprint, with all known programming directed toward students in Virginia. The foundation was named Non-Profit of the Year in 2020 by the Metropolitan Business League, a professional network based in Richmond. KLM Foundation operates as a single-entity nonprofit with Kimberley L. Martin serving as President. The foundation's scale is modest, focused entirely on its scholarship mission without adjacent investment vehicles, club memberships, or real-asset arms. The organization does not publicly report deployment figures or professional staff counts. What distinguishes the KLM Foundation structurally is its direct lineage to a specific educator's legacy rather than a diversified wealth pool. The foundation is not a family office or an allocator of institutional capital; it is a mission-driven scholarship entity whose entire architecture — from its partnership with Virginia State University to its name honoring Martin's great-grandmother — is wired for a single outcome: book scholarships for Virginia students.

General information

Firm type

Endowment / Foundation

Year founded

2002

Location

Region

North America

Country

United States

City

Henrico

Corporate office

Richmond, VA, United States

Principals

Kimberley L. Martin

Founder and President

Sector focus

Education

Frequently asked questions

Who runs investment decisions at the KLM Foundation?

The KLM Foundation does not operate as an investment entity. Kimberley L. Martin serves as Founder and President, overseeing all organizational activities, which are focused on scholarship distribution rather than portfolio management.

How is the KLM Foundation funded?

The foundation does not publicly disclose its funding sources or corpus size. Kimberley L. Martin, an IT project management professional, established the organization with support from her husband, Gary A. Martin, but the foundation has not published details on its asset base or funding model.

Does the KLM Foundation make equity investments or venture commitments?

No. The KLM Foundation is a scholarship-granting nonprofit and does not engage in venture capital, private equity, or any other investment activity. Its entire deployment is directed toward book scholarships for Virginia college students.

What is the KLM Foundation's relationship with Virginia State University?

The foundation was originally established to support students at Virginia State University and continues to maintain a strong operational partnership with the university. VSU remains the primary institutional anchor for the foundation's scholarship programming.

What is the significance of Florence B. Bowser to the KLM Foundation?

Florence B. Bowser is Kimberley L. Martin's great-grandmother and a trailblazing educator in Virginia. The foundation's mission of promoting higher education is directly inspired by her legacy, and the organization's name, KLM, contains Martin's initials as a tribute to her family lineage.

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