Best Higher Education Grants in Virginia

The Alleghany Foundation, a private 501(c)(3) organization in Virginia, focuses on enhancing the quality of life in the Alleghany Highlands through strategic funding initiatives. It seeks grant applications that address key areas such as economic transformation, educational excellence, health and wellness, community capacity, and civic leadership. By prioritizing innovative projects and supporting local organizations, the Foundation aims to foster sustainable growth and community engagement, ensuring a vibrant future for the region.

The American Electric Power Foundation provides grants to 501(c)(3) organizations focused on educational improvement, particularly in STEM fields, and basic human services such as hunger and housing. Organizations must operate within AEP's service territory or have a broader beneficial purpose. The Foundation also supports social justice initiatives and environmental protection efforts. Eligible applicants must affirm compliance with anti-discrimination policies and demonstrate commitment to diversity and inclusion.

The Area Development Grant Program, managed by the Appalachian Regional Commission (ARC), supports economic growth in Appalachia through investments in critical infrastructure and workforce development. Targeting 423 counties across 13 states, the program encourages local communities to collaborate with state governments to identify and implement impactful projects. Key focus areas include enhancing utilities, promoting entrepreneurship, and strengthening local leadership. This initiative aims to uplift the 26 million residents of Appalachia, fostering sustainable economic opportunities.

The Costco Wholesale Charitable Contributions program prioritizes support for children, education, and health services within local communities. Nonprofit organizations seeking assistance must be 501(c)(3) certified and focus on monetary requests. Applications are reviewed within 4-6 weeks, factoring in community needs and collaboration. However, Costco limits grants to 10% of the program budget and typically restricts organizations to one request per fiscal year. They do not fund individuals or direct aid for various specific purposes.

The Steel Dynamics Foundation Grant focuses on enhancing community quality of life and local economies by supporting 501(c)(3) nonprofit organizations. Priorities include higher education, economic development, and human services, particularly in communities where Steel Dynamics operates. Grants are awarded based on community impact, employee involvement, and organizational integrity. Applicants must demonstrate a strong ethical track record and effective community engagement to qualify for funding opportunities.

About Virginia Energy

Virginia Energy is the state agency charged with advancing Virginia's energy, mining, and mineral policies and initiatives. Our mission is to lead the Commonwealth to a safe, reliable and responsible energy future by:

• Providing for safe and environmentally sound stewardship of Virginia's mineral and energy resources;
• Encouraging economic development through the sound stewardship of Virginia's energy, mineral, land and water resources; and
• Successfully pursuing federal funding and implement the Virginia Energy Plan to ensure the Commonwealth has abundant, reliable, affordable and increasingly clean energy.

Virginia Power Innovation Program

The Virginia Power Innovation Fund and Program is for the purposes of research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and energy storage; and to award grants on a competitive basis from the Fund to support energy innovation in the Commonwealth of Virginia.

The Virginia Power Innovation Program (the Program) is hereby established for the purpose of (i) establishing a Virginia nuclear innovation hub from such funds as may be available from the Fund and (ii) awarding grants on a competitive basis from such funds as may be available from the Fund to support energy innovation. The Program shall be administered by the Department. In administering the Program, the Department shall, in collaboration with the Virginia Nuclear Energy Consortium, establish and publish guidelines and criteria for disbursement of funds pursuant to clause (i), including providing grants to support higher education research on advanced nuclear technologies and advanced reactor technologies, to fund nuclear energy workforce development programming, and to assist with site selection for future small modular reactor projects in Virginia. In administering the Program, the Department shall, in collaboration with the Secretary of Commerce and Trade, establish and publish guidelines and criteria for disbursement of funds pursuant to clause (ii). The Department shall oversee each grant awarded through the Program and ensure thorough reporting on each such grant.

Overview For This Round of Grants

The Virginia Department of Energy invites proposals to address the emerging regional and local needs and opportunities for nuclear power, innovation, and research, to 1. Bring nuclear and nuclear supply chains to the Commonwealth based on technology and supply chain needs and 2. Identify gaps that need to be addressed, including projects and programs to further enable development and demonstration of nuclear in the Commonwealth.

Total Amount Available

Up to $2.5 million

Total Amount Available

$100,000-$2,000,000, pending available funds for up to 2 grants.

Grant awards are made at the discretion of the Virginia Department of Energy and in determining grant amounts, the following criteria will be considered:

• return on investment
• impact on energy affordability, reliability, and impact on the energy supply chain in the Commonwealth
• new jobs
• capital investment
• utilization of research-based technologies

Grants may be made for more than one project for a single company, entity, or locality, but the projects must clearly represent separate investments for separate projects.

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up -  helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Planning, Feasibility, and Small-Scale Pilot Gran

GO Virginia Planning, Feasibility, and Small-Scale Pilot grants are intended to build regional capacity for impactful, saleable projects.

Planning Grants help regions explore and refine ideas that have the potential to drive economic growth. They provide an opportunity to test concepts, formalize strong partnerships, conduct indepth research or feasibility studies, and develop actionable strategies. These grants can also support small-scale pilot initiatives that, if successful, can be scaled up through a GO Virginia Implementation Grant or another measurable investment opportunity.

The primary intent of Planning Grants is to prepare projects for future GO Virginia Implementation funding. In some cases, planning work may also strengthen a project’s ability to compete for other funding sources or, occasionally, determine that an initiative should not move forward. While those opportunities are valuable, applicants should design proposals with a clear line of sight to GO Virginia Implementation as the expected pathway.

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up -  helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Competitive Grants

Competitive Grants are designed for projects that involve two or more GO Virginia regions (multi-regional) or go beyond what a single region’s annual allocation can support. They give regions the ability to collaborate or pursue initiatives that deliver substantial economic impact. To qualify, a project must present an extraordinary economic opportunity—one that is transformative in scale.

Competitive Grants allow regions to scale their ideas, tackle challenges that cross boundaries, and pursue transformative projects leverage regional strengths aiming to expand opportunities that benefit multiple localities and industries.

Application Types

Competitive Grants can support planning or implementation projects. The type of application depends on whether your project is multi-regional or single region. Competitive Grants include: Multi-Regional Planning Grants; Multi-Region Implementation Grants and Single Region Implementation Grants.

Multi-Regional Planning Grants

Multi-Regional Planning Grants give regions the chance to work together on big ideas before moving into implementation. These grants support the research, coordination, and strategy development needed when challenges or opportunities cross regional boundaries.

The goal is to help regions align priorities, engage key industry partners, and produce a clear roadmap that positions them for a future implementation project. By investing in planning first, regions reduce risk, build stronger partnerships, and ensure that later projects are grounded in real data and regional consensus.

Only planning projects that demonstrate a clear path toward a future multi-region implementation project of extraordinary economic opportunity will be considered for funding. In addition to the attached PDF document, see also the Planning Grant Administrative Guidance.

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up -  helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Competitive Grants

Competitive Grants are designed for projects that involve two or more GO Virginia regions (multi-regional) or go beyond what a single region’s annual allocation can support. They give regions the ability to collaborate or pursue initiatives that deliver substantial economic impact. To qualify, a project must present an extraordinary economic opportunity—one that is transformative in scale.

Competitive Grants allow regions to scale their ideas, tackle challenges that cross boundaries, and pursue transformative projects leverage regional strengths aiming to expand opportunities that benefit multiple localities and industries.

Application Types

Competitive Grants can support planning or implementation projects. The type of application depends on whether your project is multi-regional or single region. Competitive Grants include: Multi-Regional Planning Grants; Multi-Region Implementation Grants; and Single Region Implementation Grants.

Multi-Region Implementation Grants

Multi-Region Implementation Grants are designed to turn collaborative plans into action. The goal is to deliver projects that create broad economic impact, strengthening targeted industry sectors, growing higher-paying jobs, and expanding opportunities across all participating regions. Because these projects represent a significant investment, applicants must demonstrate strong regional collaboration, clear economic outcomes, and a plan for sustaining results beyond the grant period.

Successful projects should create benefits that are shared across all participating localities, not concentrated in just one community. In other words, the project’s impact—such as new jobs, business growth, or expanded industry capacity—should be visible in each region that is part of the application.

GO Virginia Program Overview

GO Virginia is a collaborative economic development initiative, that provides project-based incentives to encourage collaboration between private industry, higher education and local government in each region to produce results that will grow and diversify the regional economies and ultimately the commonwealth.

To achieve the program goals, the GO Virginia State Board has created nine regional councils. These councils are responsible for developing regional Growth and Diversification Plans and implementing those plans through the submission of project applications. Applications approved at the regional level are advanced to the GO Virginia State Board for funding.

The GO Virginia State Board has identified four primary investment strategies to achieve the program goals. The four priority investment strategies are:

• Workforce Development – building talent pipelines aligned with business needs that increases the pool of qualified workers
• Site Development and Infrastructure - preparing a regional portfolio of business-ready sites that attract private investment
• Entrepreneurship & Innovation (Startup Ecosystem) - creating a resource-rich environment for scalable start-ups and early-stage companies 
• Cluster Scale-Up -  helping existing regional industries grow and compete at a larger scale

All successful projects should align with at least one of these strategies and demonstrate a clear connection to a region’s Growth & Diversification Plan. See the GO Virginia Program Manual for details.

• GO Virginia is not an economic development incentive program. Individual private businesses may not receive funding, nor can any project provide exclusive benefits to a single private business.

• GO Virginia funds must support new and expanded efforts — not ongoing operations. Funding cannot be used to continue, sustain, or supplement the operating costs of existing programs. Projects must clearly demonstrate added value and represent new activity that advances GO Virginia’s mission. Proposals must fill a documented gap, scale a proven model, or introduce a new approach that supports regional priorities.

Virginia Growth and Opportunity Fund (GO Virginia) Competitive Grants

Competitive Grants are designed for projects that involve two or more GO Virginia regions (multi-regional) or go beyond what a single region’s annual allocation can support. They give regions the ability to collaborate or pursue initiatives that deliver substantial economic impact. To qualify, a project must present an extraordinary economic opportunity—one that is transformative in scale.

Competitive Grants allow regions to scale their ideas, tackle challenges that cross boundaries, and pursue transformative projects leverage regional strengths aiming to expand opportunities that benefit multiple localities and industries.

Application Types

Competitive Grants can support planning or implementation projects. The type of application depends on whether your project is multi-regional or single region. Competitive Grants include: Multi-Regional Planning Grants; Multi-Region Implementation Grants; and Single Region Implementation Grants.

Single Region Implementation Grants

Single-Region Implementation Grants are available for extraordinary opportunities within one region that cannot be fully supported by that region’s annual allocation. These projects are intended to address unique, high-impact needs where the scale of investment exceeds local resources but still delivers outcomes consistent with the goals of GO Virginia.

The expectation is that single-region projects will demonstrate the same level of rigor as multiregional efforts—clear economic impact, measurable outcomes, and long-term sustainability—while making the case for why Competitive Grant support is essential. In some cases, the request may use a mix of per-capita funds and Competitive Grant funds; in other cases, it may rely entirely on Competitive Grant funds.

The Semi-Annual Competitive Grant from the Robert G III and Maude Morgan Cabell Foundation supports capital projects for tax-exempt organizations in Virginia. Established in 1957, the foundation emphasizes strategic grants that inspire community engagement and leverage donor generosity. Eligible nonprofits, particularly in the Richmond area, can apply for matching funds to enhance cultural arts, education, and social services. The foundation's goal is to address philanthropic needs while fostering long-term community development.

The Dominion Energy Charitable Foundation supports tax-exempt organizations under IRS Section 501(c)(3) in four key areas: human needs, environmental stewardship, education, and community vitality. Grants typically range from $1,000 to $15,000, with two application cycles each year. Notably, funding is unavailable for organizations without 501(c)(3) status or those located outside Dominion's service areas. This foundation aims to enhance community welfare through targeted support for impactful programs.

The Community Facilities Grant Program in Virginia provides essential funding for the development of community facilities in rural areas. This program is designed for public bodies, non-profit organizations, and federally-recognized tribes, offering financial assistance to construct or improve facilities such as healthcare, public safety, and educational services. Eligible areas include rural communities with populations of up to 20,000 residents. Grant assistance is available on a graduated scale based on community income levels.

The Virginia Innovation Partnership Corporation (VIPC)’s Commonwealth Commercialization Fund (CCF) Higher Education (HE) Proof-of-Concept (POC) program provides grant funding to Virginia’s public and private colleges and universities and eligible nonprofit Virginia-based research institutes. Applicants may request $75,000 or $150,000, depending on the designated track, to support translation Virginia research-derived innovations into commercial products. Applicants with technologies at a more advanced technology readiness level (TRL) and/or deemed by VIPC to have exceptional strategic value for Virginia may be invited to seek up to $300,000. Each grant requires a minimum one-to-one match and is expected to support the achievement of two to three key milestones during the period of performance (typically 6-15 months). 

What does this program do?

It provides loans and grants to Microenterprise Development Organizations (MDOs) to:

• To help microenterprises startup and growth through a Rural Microloan Revolving Fund.
• Provide training and technical assistance to microloan borrowers and micro entrepreneurs.

Microenterprise Development Organizations must demonstrate experience in managing a Revolving Loan Fund, or:

• Certify that it or its employees have received education and training from a qualified microenterprise development training entity so that the applicant has the capacity to manage such a revolving loan fund.
• Demonstrate that it is actively and successfully participating as an intermediary lender in good standing under the U.S. Small Business Administration (SBA) Microloan Program or other similar loan programs as determined by the Administrator.

 What kind of funding is available?

• Grants are available to provide technical assistance to rural micro-entrepreneurs or microenterprises, up to $205,000 annually.
  • Funding at the requested level is not guaranteed, and at least 15 percent matching funds are required.

• Loans of $50,000 to $500,000 may be used for establishing a Rural Microloan Revolving Fund managed by the Microenterprise Development Organization.
  • Total aggregate debt is capped at $2.5 million.

What are the loan terms?

• Maximum term is 20 years.
• Two-year payment deferral.
• Must establish a loan loss reserve fund.

What terms are required on loans to ultimate recipients?

• Up to $50,000.
• Fixed interest rate.
• Limited to 75 percent of project cost.

How may the funds be used?

Microlenders may make microloans for qualified business activities and expenses including, but not limited to:

• Working capital.
• Debt refinancing.
• Purchasing equipment and supplies.
• Improving real estate.

The Moses D. Nunnally, Jr. Charitable Trust B Grant supports charitable activities in the Greater Richmond, Virginia area, established in 1984 by Moses D. Nunnally, Jr. It focuses on arts, education, health, human services, and religion, primarily aiding local organizations. Grants range from $5,000 to $75,000, with priority given to healthcare and educational initiatives. Applications are accepted year-round but must meet specific eligibility criteria, including 501(c)(3) status.

The Nunnally Foundation Grant supports various charitable activities in the Greater Richmond, Virginia area, with funding typically ranging from $5,000 to $50,000. Established in 1970, the foundation primarily assists organizations that qualify as 501(c)(3) entities. Preference is often given to initiatives related to healthcare, education, human services, religion, and arts and culture, highlighting the foundation's commitment to enhancing community welfare and quality of life.

The CCI+A (CATAPULT & ASCEND) Funds provide support for Virginia-based university faculty and startups aiming to commercialize cybersecurity innovations. Applicants must attend mandatory information sessions and submit an Expression of Intent. The program includes mentorship and funding opportunities, helping innovators navigate the commercialization landscape. With a focus on developing viable market solutions, the initiative fosters collaboration between academia and industry, ensuring that groundbreaking research translates into impactful products that benefit the economy and society.

The Virginia ABC Grants provide funding of up to $10,000 for organizations aiming to prevent underage and high-risk drinking. Through community collaboration and education, these grants support various entities including schools and nonprofits. The program focuses on building capacity for effective alcohol education and emphasizes prevention efforts. Eligible applicants must align with the mission to promote alcohol safety and responsibility, ensuring a significant impact on community health and well-being.

The VCA Community Impact Grants aim to support innovative art-based projects that engage underserved communities across Virginia. With a focus on collaboration and artistic excellence, these grants fund new and expanded creative programming and require a 1:1 cash match. Eligible applicants include nonprofit organizations, local governments, and educational institutions. The program emphasizes community involvement in project planning and execution, ensuring a meaningful impact through the arts.

Virginia Humanities offers grants to support projects that delve into Virginia's rich history, culture, and communities. These grants aim to foster public engagement through initiatives like community discussions, history projects, and educational resources. Eligible applicants include 501(c)(3) nonprofits and recognized educational institutions. Preference is given to organizations within Virginia, although external applicants focusing on Virginia-related subjects are also welcome. The program emphasizes inclusivity and the importance of connecting with a broad audience.

The McGlothlin Foundation Grant supports philanthropic initiatives in higher education, healthcare, and the arts, focusing primarily on projects in Southwest Virginia, Eastern Kentucky, and Northeast Tennessee. The foundation prioritizes proposals from tax-exempt non-profits, especially for capital projects and programmatic needs. While there are no fixed grant sizes, organizations are encouraged to apply after prior awards have concluded. The foundation does not fund individuals or political activities, ensuring its resources enhance community infrastructure and cultural development.

The VA AmeriCorps State Formula Planning Grant supports developing frameworks for AmeriCorps programs aimed at addressing community needs. With awards ranging from $75,000 to $240,000, these grants provide essential resources and technical assistance to organizations looking to enhance their service delivery. AmeriCorps programs focus on various areas, including disaster services, education, economic opportunity, health, environmental stewardship, and support for veterans. This initiative fosters collaboration among nonprofits and government bodies to strengthen community impact.

The Rural Business Development Grants in Virginia provide essential support for small rural businesses, focusing on those with fewer than 50 workers and under $1 million in revenue. The program encourages applications of $99,000 or less, prioritizing projects that address key priorities such as food systems and poverty. Funded projects can include technical assistance, land development, and community economic initiatives, helping enhance business viability and promote sustainable growth in rural areas.

The James River Water Quality Improvement Grant Program, managed by the Virginia Environmental Endowment, aims to enhance water quality through targeted investments. The program focuses on riparian buffer installations, agricultural pollution reduction, living shoreline construction, and stream restoration. Eligible applicants include nonprofits and local governments, with funding prioritized for implementation costs. Proposals must align with established priorities to demonstrate effectiveness in improving the James River's water quality.

The Universal Leaf Foundation Grants support 501(c)(3) nonprofit organizations primarily in areas where Universal Leaf Tobacco Company operates. Focus areas include education for at-risk individuals, higher education, civic/community arts, and environmental initiatives. The Foundation emphasizes good corporate citizenship and community engagement through financial support and employee volunteerism. Organizations must operate within designated geographic areas and cannot be involved in political advocacy or restrict services based on demographics. Grants aim to enhance community well-being and educational opportunities.

The Community Grants for Economic Stability aim to foster self-sufficiency in southeastern Virginia by providing funding for programs that help individuals overcome barriers to success. Since 1950, the Hampton Roads Community Foundation has supported initiatives focused on ending homelessness, enhancing workforce readiness, and promoting financial literacy. These grants are available to 501(c)(3) nonprofit organizations that serve residents in South Hampton Roads, ensuring economic stability and improved quality of life for vulnerable populations.