Joe & Michelle Verbrugge is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLMES BEACH, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 2 grants totaling $135K. Net investment income was $62K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+7.7% YoY
Annual Giving
$135K
+440.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$68K
+170.0% YoY
Under IRS private-foundation payout rules, Joe & Michelle Verbrugge reported a distributable amount of $86K for 2024 — the minimum it must pay out in qualifying distributions.
About Joe & Michelle Verbrugge
Based on IRS filings
Joe & Michelle Verbrugge is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLMES BEACH, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 2 grants totaling $135K. Net investment income was $62K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,662,725 | $1,544,155 | $65,043 |
| Revenue | $276,198 | $1,505,437 | $65,043 |
| Expenses | $156,771 | $25,366 | — |
| Qualifying Distributions | $136,375 | $25,000 | — |
| Net Investment Income | $61,874 | $1,124,982 | — |
| Distributable Amount | $85,976 | $33,649 | $22,893 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kids Food Basket ($85,000), The University of Chicago ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE UNIVERSITY OF CHICAGO CHICAGO, IL | UNRESTRICTED GRANT TO GENERAL FUND | $50,000 |
| KIDS FOOD BASKET GRAND RAPIDS, MI | UNRESTRICTED GRANT TO GENERAL FUND | $85,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH A VERBRUGGE | TRUSTEE | 0.5 | — |
| MICHELLE C VERBRUGGE | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Joe & Michelle Verbrugge?
Joe & Michelle Verbrugge is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLMES BEACH, FL. It holds $1.7M in total assets as of 2024.
How large is Joe & Michelle Verbrugge?
As of 2024, Joe & Michelle Verbrugge holds $1.7M in total assets with $276K in annual revenue. It awarded 2 grants totaling $135K in 2024.
Where does Joe & Michelle Verbrugge operate?
Joe & Michelle Verbrugge has awarded grants in District of Columbia, Illinois, Michigan.
What size grants does Joe & Michelle Verbrugge award?
In 2024, Joe & Michelle Verbrugge awarded 2 grants totaling $135K — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is Joe & Michelle Verbrugge required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joe & Michelle Verbrugge reported a distributable amount of $86K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Joe & Michelle Verbrugge's EIN?
Joe & Michelle Verbrugge's EIN (Employer Identification Number) is 85-4226710. 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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