Firstfruits Foundation

Private foundation · Grantmaker Virginia Beach, VA EIN: 01-0758860

Firstfruits Foundation is a private foundation, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $270K in total assets. Net investment income was $27.

Firstfruits Foundation at a glance

Total assets
$269,739
-0.0% vs 2023
Revenue (2024)
$27
-95.4% vs 2023
Net investment income (2024)
$27
-95.4% vs 2023
Expenses (2024)
$33
-99.0% vs 2023
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Firstfruits Foundation funds

How this funder distributes its grants

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Cities

Virginia BeachNewport NewsChesapeakeMadisonMariannaNew OrleansPinehurstWest Palm Beach

How Firstfruits Foundation gives

  • Giving fell 93% from 2020 to 2023. Method
  • In 2023 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K4 grants2020 2 grants2021 3 grants2022 3 grants2023 0 grants2024

From 2020 to 2023, annual grant giving ranged from $1K (2023) to $17K (2020). In 2023 it made 3 grants totaling $1K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Young Life VB North & Capernaum Virginia Beach, VAReligious$500
The Institute for Political Economy Pinehurst, NCResearch$500
VB Neptunes Virginia Beach, VAChildren$250
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$269,739$27$33———$27$13,285
2023$269,745$593$3,345$1,2503$1,250$593$13,345
2022$272,497$1,516$9,137$8,0003$8,000$1,516$13,587
2021$280,118$2,322$15,928$15,0002$15,000$2,322$14,345
2020$293,724$7,168$16,991$16,9004—$7,168$14,608

Under IRS private-foundation payout rules, Firstfruits Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Firstfruits Foundation is led by Aldo J. Dibelardino, President on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Aldo J. Dibelardino

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

Former officers (1)
  • Former: Denise Dibelardino (2020–2021) — Vice President

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Firstfruits Foundation

How large is Firstfruits Foundation?

Firstfruits Foundation reported $270K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $27.

Where does Firstfruits Foundation operate?

Firstfruits Foundation has awarded grants in Florida, Louisiana, North Carolina, Virginia, Wisconsin.

How much is Firstfruits Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Firstfruits Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Firstfruits Foundation's EIN?

Firstfruits Foundation's EIN (Employer Identification Number) is 01-0758860. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Firstfruits Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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