Patriot Fund Inc
Patriot Fund Inc is based in Mantua, New Jersey, and supports veteran-focused nonprofit organizations through funding for services intended to meet veterans’ and their families’ needs. Its website describes its partners as “Operational Partners” selected through a due diligence process.
Key facts about Patriot Fund Inc
In short: Patriot Fund Inc gave $800K across 24 grants in 2025 (avg $33K), top state Florida. 38% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 82-1481089
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $800,000
- Grants made (2025)
- 24
- Average grant
- $33,333
- Median grant
- $25,000
- New grantees (estimate)
- 38% first-time grantees (9 of 24, 2025)
- Total assets
- $1,609,897
- Primary geography
- Florida (43% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The funder does not accept unsolicited requests for grants or operational partnerships. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
+65.5% YoY
Annual Giving
$800K
-30.8% YoY
Grant Count
24
-25.0% YoY
Avg Grant Size
$33K
-7.7% YoY
Under IRS private-foundation payout rules, Patriot Fund Inc reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
Is Patriot Fund Inc open to new grantees?
38%
first-time grantees, 2025
In 2025, 9 of 24 grantees (38%) were first-time recipients. First grants averaged $32K; repeat grants $34K. How we count
Medians: $25K first-time, $25K repeat.
- 63% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+11%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The funder’s mission is “to provide funding for the critical services Veterans deserve to ensure their lifelong needs are sustained.” It says it fully vets partners and supports those it considers “Best In Class.”
Its grants support organizations addressing varied needs in the veteran community. For example, Veterans Multi-Service Center describes its mission as advancing the cause of veterans through services and programs for veterans and their families. Warrior Canine Connection says it supports recovering combat veterans and their families through service-dog training and placement. Quantum Leap Farm describes its work as improving quality of life through equine-assisted therapies, while Project Refit says it combats isolation among veterans, first responders, and their families.
Grantmaking
In filing year 2025, the funder reported 24 grants totaling $800,000. Grant amounts ranged from $2,500 to $115,000, with a median of $25,000. Its largest reported grants included $115,000 to Project OVAT, $100,000 to Veterans Multi-Service Center, and $90,000 to SOF Missions. Each was listed with the purpose “to support veterans.” Other grants included $50,000 each to Warrior Canine Connection, Leashes of Valor, and Blue Angels Foundation.
Ready to take the next step with Patriot Fund Inc?
Geographic Focus
Where this funder awards grants
In filing year 2025, Florida received 42% of grant dollars, Pennsylvania 17%, New Jersey 12%, Maryland 9%, and Virginia 6%. The reported grants also included recipients in Delaware and Michigan.
Grant Distribution by State
Share of 2025 grant dollars across all 24 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $111K (2021) to $1.2M (2024). In 2025 it made 24 grants totaling $800K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Project Ovat ($115K). Together the top 10 received $558K.
Grant Size Distribution
137 grants across all recorded years
The most common grant size was under $50K: 114 grants of 137 (83%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Project Ovat Parrish, FL | To Support Veterans | $115,000 |
| Veterans Multi-Service Center Philadelphia, PA | To Support Veterans | $100,000 |
| SOF Missions Tampa, FL | To Support Veterans | $90,000 |
| Warrior Canine Connection Boyds, MD | To Support Veterans | $50,000 |
| Leashes of Valor Fredericksburg, VA | To Support Veterans | $50,000 |
| Blue Angels Foundation Pensacola, FL | To Support Veterans | $50,000 |
| Consequence of Habit Bear, DE | To Support Veterans | $27,500 |
| Defender Mobility Redford, MI | To Support Veterans | $25,000 |
| Home Base Southwest Florida Fort Myers, FL | To Support Veterans | $25,000 |
| Spectracare Foundation Lindenwold, NJ | To Support Veterans | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $1,609,897 | $2,345,357 | $1,711,537 | $800,000 | 24 |
| 2024 | $972,546 | $1,757,916 | $1,889,791 | $1,156,000 | 32 |
| 2023 | $1,103,604 | $1,806,362 | $1,703,037 | $867,500 | 31 |
Filing type: 990T.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,609,897 | $972,546 | $1,103,604 |
| Revenue | $2,345,357 | $1,757,916 | $1,806,362 |
| Expenses | $1,711,537 | $1,889,791 | $1,703,037 |
| Qualifying Distributions | $800,000 | $1,156,000 | $867,500 |
| Net Investment Income | $18,560 | $12,412 | $31 |
| Distributable Amount | $32,424 | $19,978 | $17,651 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 4, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 22, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael Wilkinson and Todd L Sherman as President, Pam Davis as Executive VP, and Patrick Fisher as Treasurer. Trustees listed are Kevin Ruth, Robert Curley III, Joseph Crandall, David Ingram, Elaine Damm, and Mike Francisco.
Patriot Fund Inc is led by Todd L. Sherman, President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Todd L. Sherman
President
On filings since 2020
1 hr/week
No compensation reported
Michael Wilkinson
President
New on the 2025 filing
No compensation reported
Robert Curley III
Trustee
Board Member → Trustee, 2023
On filings since 2020
No compensation reported
David Ingram
Trustee
Board Member → Trustee, 2023
On filings since 2021
No compensation reported
Joseph Crandall
Trustee
Board Member → Trustee, 2023
On filings since 2021
No compensation reported
Elaine Damm
Trustee
On filings since 2023
No compensation reported
Kevin Ruth
Trustee
Director → Trustee, 2025
On filings since 2023
No compensation reported
Mike Francisco
Trustee
On filings since 2023
No compensation reported
Patrick Fisher
Treasurer
Director of Finance → Treasurer, 2023
On filings since 2022
No compensation reported
Pam Davis
Executive Vice President
Secretary → Executive Vice President, 2025
On filings since 2023
1 hr/week
No compensation reported
Former officers (19)
- Former: Daniel Bianco (2020–2024) — Trustee
- Former: Don Tretola (2020–2024) — Trustee
- Former: Erik Osland (2020–2024) — Trustee
- Former: Joe Caruso (2020–2024) — Vice President
- Former: Tim Irons (2020–2024) — Trustee
- Former: William Markham (2020–2024) — Executive Director
- Former: Michael Mikulski II (2021–2024) — Trustee
- Former: Jeffrey O'Hara (2022–2024) — Trustee
- Former: Mjr Gen Ret Steven Hashem (2022–2024) — Vice President
- Former: Amy Osborn (2020–2022) — Board Member
- Former: Kyle Kroberger (2020–2022) — Board Member
- Former: Mark Nicastro (2020–2022) — Treasurer
- Former: Michael Francisco (2020–2022) — Secretary
- Former: Peter Musumeci (2020–2022) — Board Member
- Former: Scott McQuery (2020–2022) — Board Member
- Former: Sam Lepore (2021–2022) — Board Member
- Former: Jeff O'Hara (2020–2021) — Board Member
- Former: Major General Ret Steven Hashem (2020–2021) — Vice President
- Former: Diane Kidawa (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: PO Box 293, Mantua, NJ 08051
Phone: (855) 608-7537
Website: https://patriotfundinc.org
Frequently asked questions about Patriot Fund Inc
How much does Patriot Fund Inc give each year?
Patriot Fund Inc gave $800K across 24 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 32 grants.
What is Patriot Fund Inc's typical grant size?
Patriot Fund Inc's median grant in 2025 was $25,000, and its average grant was $33,333, across 24 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Patriot Fund Inc that year got $32K on average.
Where does Patriot Fund Inc give grants?
Patriot Fund Inc's top state is Florida, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (17%) and New Jersey (13%). The most frequent recipient cities were Philadelphia, PA (2 grants).
Does Patriot Fund Inc give general operating support?
Not in 2025: none of the 24 grants with a stated purpose on Patriot Fund Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Support Veterans" (24 grants).
Who are Patriot Fund Inc's largest grantees?
Patriot Fund Inc's largest 2025 grantees include Project Ovat ($115,000), Veterans Multi-Service Center ($100,000) and SOF Missions ($90,000), according to its 2025 IRS Form 990-PF. Together they received 38% of its itemized 2025 grant dollars.
How large is Patriot Fund Inc?
Patriot Fund Inc reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $800K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
What does Patriot Fund Inc fund?
The funder’s mission is “to provide funding for the critical services Veterans deserve to ensure their lifelong needs are sustained.” It says it fully vets partners and supports those it considers “Best In Class.” See mission & focus areas ↑
How do I apply for a grant from Patriot Fund Inc?
The funder does not accept unsolicited requests for grants or operational partnerships. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Patriot Fund Inc's EIN?
Patriot Fund Inc's EIN (Employer Identification Number) is 82-1481089. IRS Form 990 filing data is available on this page for 2020–2025.
Does Patriot Fund Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Patriot Fund Inc by hand.
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