Founded in 1957 by Mr. Robert G. Cabell, III, and Mrs. Maude Morgan Cabell, the Cabell Foundation was established as a private, non-operating foundation to support the permanent needs of charitable organizations throughout Virginia, with particular emphasis on agencies in the metro Richmond region. Since its inception, the Cabell Foundation has provided permanent gifts and challenge grants to a diverse mix of nonprofit institutions. Mr. and Mrs. Cabell believed the Foundation should be responsive to human need in its deliberations and in taking initiative that would inspire the community to action. Early awards supported higher education and the cultural arts, including the Valentine Museum, Virginia Museum of Fine Arts, Randolph Macon College and Hampden-Sydney College.
Mr. and Mrs. Cabell and the founding board members recognized the value of focused, strategic support and chose not to blanket the community with token grants. Today, Cabell Foundation support provides important leverage for the charitable sector in challenging the generosity of the donor community. The long term vision of the Foundation is to continue to meet the philanthropic needs of the community and to exist in perpetuity. Communities across the Commonwealth have been enriched by Foundation support to cultural arts institutions, historic preservation sites, environment and conservation initiatives, community development efforts, higher education infrastructure and the social services sector. Through 2021, more than 400 agencies statewide have benefitted from over $136,000,000 in philanthropic investments by the Foundation.