Vandy Charitable Foundation Inc
- Assets
- $5.4m
- Revenue
- $105.9k
- Investments
- $5.4m
- Employees
- 0
- Location
- Georgetown, SC
- Founding
- 10/1995
- Data as of
- 03/2024
- EIN
- 57-1029335
Organization Overview
Vandy Charitable Foundation Inc is located in Georgetown, SC. The organization was established in 1995. 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. Vandy Charitable 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 03/2024, Vandy Charitable Foundation Inc generated $105.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $572.8k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Vandy Charitable Foundation Inc has awarded 156 individual grants totaling $1,153,325. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PER THE DEFINITIONS AS DETAILED IN THE INSTRUCTIONS, THE VANDY CHARITABLE FOUNDATION, INC. DID NOT SIGNIFICANTLY PARTICIPATE IN DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Balding Director | 25 | $150,000 | |
Dawn V Pate Director | 25 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,800 |
| Capital Gain Net Income | $52,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $201 |
| Total operating and administrative expenses | $342,571 |
| Contributions, gifts, grants paid | $230,250 |
| Total expenses and disbursements | $572,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $4,469,363 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,323 |
| Total assets | $5,402,601 |
| 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 | $69,052 |
| Total liabilities | $69,052 |
Grants Awarded
Over the last fiscal year, Vandy Charitable Foundation Inc has awarded $230,250 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ALL 4 PAWS PURPOSE: CHARITY | $2,500 |
AMI-KIDS PURPOSE: CHARITY | $5,000 |
BIRDS OF PREY PURPOSE: CHARITY | $2,500 |
CAPE ROMAIN LIGHTHOUSE PRESERVATION FUND PURPOSE: CHARITY | $5,000 |
CIRCUS FLORA PURPOSE: CHARITY | $2,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: CHARITY | $5,000 |