Viragh Family Foundation Inc
- Assets
- $37.0m
- Revenue
- $2.9m
- Investments
- $35.4m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/2001
- Data as of
- 06/2022
- EIN
- 52-2284009
Organization Overview
Viragh Family Foundation Inc is located in Bethesda, MD. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Viragh Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Viragh Family Foundation Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Viragh Family Foundation Inc has awarded 205 individual grants totaling $17,948,390. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Viragh Williams Director | 5 | $0 | |
Mark S Viragh President | 10 | $0 | |
Jean M Dahl Director | 5 | $0 | |
Roger E Young Vice President | 1 | $0 | |
Robert J Viragh Director | 5 | $0 | |
Katherine A Viragh Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newedge Wealth | 6/29/22 | $268,372 |
Young Brophy Pc | 6/29/22 | $101,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $816,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,129,805 |
| Capital Gain Net Income | $2,129,805 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,946,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101,578 |
| Total operating and administrative expenses | $569,840 |
| Contributions, gifts, grants paid | $4,141,290 |
| Total expenses and disbursements | $4,711,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,672,336 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,357,783 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,030,119 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Viragh Family Foundation Inc has awarded $4,141,290 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: PROVIDE SCHOLARSHIP FUNDS FOR SOCIALLY- AND/OR ECONOMICALLY-DISADVANTAGED STUDENTS. | $675,000 |
Washington, DC PURPOSE: TO SUPPORT THE KIDSPACE CHILDCARE CENTER TO OFFER LEARNING AND DEVELOPMENTAL SERVICES TO HOMELESS CHILDREN. | $330,000 |
Manhattan Beach, CA PURPOSE: RESEARCH GRANT FOR PANCREATIC CANCER AND SUPPORT OF PATIENTS. | $225,000 |
San Francisco, CA PURPOSE: SUPPORT ORGANIZATION TRYING TO PREVENT CHILD ABUSE. | $180,000 |
St Louis, MO PURPOSE: SUPPORT ORGANIZATION THAT HELPS HOMELESS YOUTH. | $175,000 |
San Francisco, CA PURPOSE: SUPPORT FOR COUNSELING PROGRAM THAT WORKS WITH PARENTS AND FAMILIES OF HIGH RISK YOUTH. | $160,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |