Iridium Charitable Foundation

WILMINGTON, DE EIN: 93-2902990

Iridium Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $540K in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$540K

+184.0% YoY

Annual Giving

$30K

Grant Count

Avg Grant Size

$30K

Under IRS private-foundation payout rules, Iridium Charitable Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.

About Iridium Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $30K (100%)

States

California

Cities

Los Angeles

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$539,797	$190,051
Revenue	$401,579	$200,051
Expenses	$51,833	$10,000
Qualifying Distributions	$51,832	$10,000
Net Investment Income	$1,579	$51
Distributable Amount	$9,565	$355

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Team Rubicon ($30,000).

Recipient	Purpose	Amount
TEAM RUBICON LOS ANGELES, CA	General & Unrestricted	$30,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Jacqueline Depew	Sec	1	—
Matthew Desch	Dir, Pres, Chair	1	—
Thomas Fitzpatrick	Dir	1	—
Mark David Grimm	VP	1	—
Timothy Kapalka	Treas	1	—
Kathleen A Morgan	Dir, Pres, Treas	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Iridium Charitable Foundation?

Iridium Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $540K in total assets as of 2024.

How large is Iridium Charitable Foundation?

As of 2024, Iridium Charitable Foundation holds $540K in total assets with $402K in annual revenue. It awarded 1 grants totaling $30K in 2024.

Where does Iridium Charitable Foundation operate?

Iridium Charitable Foundation has awarded grants in California.

What size grants does Iridium Charitable Foundation award?

In 2024, Iridium Charitable Foundation awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.

How much is Iridium Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Iridium Charitable Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.