Vf Foundation
- Assets
- $25.0m
- Revenue
- $902.0k
- Investments
- $24.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2004
- Data as of
- 12/2023
- 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 12/2023, Vf Foundation generated $902.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.7%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vf Foundation has awarded 289 individual grants totaling $28,685,994. 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 |
|---|---|---|---|
Luis Benitez Pres, Dir | 1 | $0 | |
Anthony Cottonaro Dir, Treas | 2 | $0 | |
Doug Hassman Dir, Treas | 2 | $0 | |
Craig Hodges Dir, Pres | 1 | $0 | |
Jennifer S Sim Dir, Sec | 1 | $0 | |
Colin Wheeler Dir, Pres | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/23 | $145,842 |
Foundation Source | 12/30/23 | $110,300 |
Karsh Hagan | 12/30/23 | $69,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,848 |
| Dividends & Interest | $869,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,462 |
| Capital Gain Net Income | $10,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $901,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,041 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,130 |
| Printing and publications | $0 |
| Other expenses | $135,546 |
| Total operating and administrative expenses | $444,135 |
| Contributions, gifts, grants paid | $3,972,500 |
| Total expenses and disbursements | $4,416,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,200 |
| Net Accounts receivable | $3,226 |
| 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 | $25,041,536 |
| 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 $3,972,500 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
4DWN PROJECT INC PURPOSE: 4DWN PROGRAMS: FOR THE PEOPLE, FOR THE PLANET. | $50,000 |
ADM CAPITAL FOUNDATION INC PURPOSE: CIRCULAR FASHION DESIGN RESIDENCY PROJECT | $50,000 |
AMERICAN RECREATION COALITION PURPOSE: IMPLEMENTING RURAL DEVELOPMENT, WORKFORCE, AND STATE PRIORITIES TO CONNECT AMERICANS TO THE GREAT OUTDOORS | $50,000 |
AMERICAN NATIONAL RED CROSS - MILE HIGH CHAPTER PURPOSE: FOR THE INTERNATIONAL COMMITTEE OF THE RED CROSS, A NEUTRAL HUMANITARIAN ORGANIZATION THAT IS HELPING BOTH PALESTINIANS AND ISRAELIS IMPACTED BY THE CONFLICT, TO PROVIDE HUMANITARIAN AID | $155,000 |
AT THE EPICENTER PURPOSE: REGENERATIVE LEADERSHIP CURRICULUM AND EDUCATION HUB | $184,000 |
BEYOND SPORT FOUNDATION PURPOSE: ONLINE ALLYSHIP COURSE GENERAL & UNRESTRICTED | $65,000 |