Aaron and Virginia Fitt Foundation Inc
Aaron and Virginia Fitt Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $35K in total assets. In 2024, it awarded 45 grants totaling $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35K
-38.0% YoY
Annual Giving
$90K
+187.3% YoY
Grant Count
45
+800.0% YoY
Avg Grant Size
$2K
-68.1% YoY
Under IRS private-foundation payout rules, Aaron and Virginia Fitt Foundation Inc reported a distributable amount of $618 for 2024 — the minimum it must pay out in qualifying distributions.
About Aaron and Virginia Fitt Foundation Inc
Based on IRS filings
Aaron and Virginia Fitt Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $35K in total assets. In 2024, it awarded 45 grants totaling $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,750 | $56,068 | — |
| Revenue | $69,327 | $87,483 | $17,319 |
| Expenses | $90,645 | $31,415 | $48,319 |
| Qualifying Distributions | $90,645 | $31,415 | $47,656 |
| Net Investment Income | — | — | — |
| Distributable Amount | $618 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Poonam Waghri ($20,450), Frank Mwema ($19,524), Ayii University ($9,980).
| Recipient | Purpose | Amount |
|---|---|---|
| Mis Expenses Durham, NC | Asheville Emergency Assistance Program - Hurricane Helene Response creates and dog food direct spending for animal shelters impacted | $677 |
| Sharon Akinyi | Scholarship | $775 |
| Ayii University | Direct Spending on Funding a Mpox Conference | $9,980 |
| Shreya Deshmukh | AIC Scholarship | $245 |
| Ali Ssempala | Medical Expenses Support | $300 |
| Beryl Opiyo | Scholarship | $500 |
| Calvins Otieno | Anti-Poaching Award | $500 |
| Erick Akhim | Scholarship | $1,800 |
| David Ogutu | Scholarship | $1,000 |
| Joseph Aketh | Scholarship | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Virginia Fitt | Chair and CEO | 1 | — |
| Aaron Fitt | Co-Chair | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Aaron and Virginia Fitt Foundation Inc?
Aaron and Virginia Fitt Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. It holds $35K in total assets as of 2024.
How large is Aaron and Virginia Fitt Foundation Inc?
As of 2024, Aaron and Virginia Fitt Foundation Inc holds $35K in total assets with $69K in annual revenue. It awarded 45 grants totaling $90K in 2024.
Where does Aaron and Virginia Fitt Foundation Inc operate?
Aaron and Virginia Fitt Foundation Inc has awarded grants in Massachusetts, North Carolina.
What size grants does Aaron and Virginia Fitt Foundation Inc award?
In 2024, Aaron and Virginia Fitt Foundation Inc awarded 45 grants totaling $90K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Aaron and Virginia Fitt Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Aaron and Virginia Fitt Foundation Inc reported a distributable amount of $618 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Aaron and Virginia Fitt Foundation Inc's EIN?
Aaron and Virginia Fitt Foundation Inc's EIN (Employer Identification Number) is 92-0295357. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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