Delta Farm was donated to the foundation by Youngkin’s wife Suzanne in 2016, while Trinity Group was donated by the Suzanne Youngkin Revocable Trust in 2017. Trinity Group owns the land at 850 Balls Hill Rd in McLean, Virginia that’s home to the Holy Trinity Church, the Episcopalian church where Youngkin serves as a warden. According to public filings, the church rents the property—which had an assessed value of $6 million in 2021—from Trinity Group for $1 a year. Trinity Group acquired the property in 2017 for $11 million from the Oakcrest School, a Catholic all-girls school in nearby Vienna. That finally brought the foundation’s giving within the 5% threshold at 5.4% of its total assets of $22.5 million, including the value of the two LLCs.

Source: Forbes September 17, 2021 20:03 UTC