Vf Foundation
- Assets
- $28.6m
- Revenue
- $960.4k
- Investments
- $26.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 56-2322084
Organization Overview
Vf Foundation is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Vf Foundation 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 12/2022, Vf Foundation generated $960.4k in total revenue. All expenses for the organization totaled $8.7m during the year ending 12/2022. While expenses have increased by 26.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vf Foundation has awarded 331 individual grants totaling $33,221,488. 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 |
|---|---|---|---|
Anita Z Graham Dir, Vice-Chair Of The Board | 5 | $0 | |
Jenn Simm Dir, Sec | 1 | $0 | |
Steven E Rendle Chairman Of The Board, Dir | 5 | $0 | |
Luis Benitez Pres, Dir | 5 | $0 | |
Anthony Cottonaro Treas | 5 | $0 | |
Laura C Meagher Dir, Sec | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/22 | $165,984 |
Karsh Hagan | 12/30/22 | $136,275 |
Foundation Source | 12/30/22 | $113,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,270 |
| Dividends & Interest | $904,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,190 |
| Capital Gain Net Income | $29,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $960,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,747 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,624 |
| Printing and publications | $0 |
| Other expenses | $135,950 |
| Total operating and administrative expenses | $519,905 |
| Contributions, gifts, grants paid | $8,215,500 |
| Total expenses and disbursements | $8,735,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,629,103 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,556,217 |
| 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, Vf Foundation has awarded $8,215,500 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: LEADERSHIP IN THE OUTDOOR RECREATION INDUSTRY (LORI) PROGRAM | $1,026,000 |
UVALDE CISD MOVING FORWARD FOUNDATION PURPOSE: OUTDOOR ELEMENTS IN THE BUILDING A BRIGHTER FUTURE - UVALDE MOVING FORWARD ELEMENTARY CAMPUS IN THE UVALDE CISD PROJECT | $500,000 |
THE OUTDOOR FOUNDATION PURPOSE: THRIVE OUTSIDE NATIONAL YOUTH ENGAGEMENT INITIATIVE (THRIVE DENVER AND POWERING THRIVE) | $500,000 |
Arlington, VA PURPOSE: REFINE, DESIGN AND ACTIVATE REGENERATIVE RANCHING TOOLBOX & DEVELOPMENT OF A VIRTUAL FENCE USER GUIDE | $350,000 |
Greensboro, NC PURPOSE: GROW PLEDGE INSTALLMENT | $300,000 |
GIRL SCOUTS OF THE UNITED STATES OF AMERICA PURPOSE: GIRL SCOUTS OF THE USA | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |