Our Purpose Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCLEAN, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 23 grants totaling $278K. Net investment income was $197K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
-1.9% YoY
Annual Giving
$278K
+14.7% YoY
Grant Count
23
+4.5% YoY
Avg Grant Size
$12K
+9.7% YoY
Under IRS private-foundation payout rules, Our Purpose Foundation reported a distributable amount of $257K for 2024 — the minimum it must pay out in qualifying distributions.
About Our Purpose Foundation
Based on IRS filings
Our Purpose Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCLEAN, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 23 grants totaling $278K. Net investment income was $197K.
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 | $4,436,289 | $4,520,603 | $4,694,572 |
| Revenue | $224,513 | $104,343 | $80,821 |
| Expenses | $309,976 | $271,311 | $294,130 |
| Qualifying Distributions | $280,736 | $244,940 | $277,230 |
| Net Investment Income | $196,734 | $83,559 | $61,566 |
| Distributable Amount | $256,540 | $233,241 | $233,034 |
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
71 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wolf Trap Encore Circle ($25,000), Connect Our Kids ($20,000), Doorways for Women ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZNER FOUNDATION MCLEAN, VA | TO SUPPORT COMMUNITY SPORTS | $2,500 |
| CHILDRENS HOSPITAL CORP (CALLENS CAUSE) BOSTON, MA | TO SUPPORT MEDICAL RESEARCH | $5,000 |
| CODE OF SUPPORT ALEXANDRIA, VA | TO SUPPORT VETERANS | $10,000 |
| CONNECT OUR KIDS FALLS CHURCH, VA | TO SUPPORT CHILDREN IN NEEDY COMMUNITIES | $20,000 |
| DOORWAYS FOR WOMEN ARLINGTON, VA | TO SUPPORT NEEDY COMMUNITIES | $20,000 |
| EMPOWER APPALACHIA FOUNDATION MORGANTOWN, WV | TO SUPPORT EDUCATION | $20,000 |
| FAIRWAYS FOR WARRIORS PLYMOUTH, FL | TO SUPPORT VETERANS | $20,000 |
| FOR PETE'S SAKE CANCER RESPITE FOUNDATION PLYMOUTH MEETING, PA | TO SUPPORT MEDICAL RESEARCH | $5,000 |
| FOUNDATION FOR LAKE ANNA EMERGENCY SERVICES LOUISA, VA | TO SUPPORT COMMUNITY EMERGENCY SERVICES | $15,000 |
| JAMES MADISON UNIVERSITY - PROUD AND TRUE FUND HARRISONBURG, VA | TO SUPPORT EDUCATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY DENNISTON | PRESIDENT AND TREASURER | 1 | — |
| KAREN DENNISTON | VICE PRESIDENT AND SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Our Purpose Foundation?
Our Purpose Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCLEAN, VA. It holds $4.4M in total assets as of 2024.
How large is Our Purpose Foundation?
As of 2024, Our Purpose Foundation holds $4.4M in total assets with $225K in annual revenue. It awarded 23 grants totaling $278K in 2024.
Where does Our Purpose Foundation operate?
Our Purpose Foundation has awarded grants in Florida, Georgia, Kentucky, Massachusetts, Maryland, New York, Pennsylvania, Tennessee, Virginia, Vermont, West Virginia.
What size grants does Our Purpose Foundation award?
In 2024, Our Purpose Foundation awarded 23 grants totaling $278K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Our Purpose Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Our Purpose Foundation reported a distributable amount of $257K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Our Purpose Foundation's EIN?
Our Purpose Foundation's EIN (Employer Identification Number) is 87-3786137. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Our Purpose Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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