Sokol Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37.6M in total assets. In 2024, it awarded 11 grants totaling $2.1M. Net investment income was $2.0M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$37.6M
-1.7% YoY
Annual Giving
$2.1M
+1.1% YoY
Grant Count
11
-8.3% YoY
Avg Grant Size
$188K
+10.3% YoY
Under IRS private-foundation payout rules, Sokol Family Foundation reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Sokol Family Foundation
Based on IRS filings
Sokol Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37.6M in total assets. In 2024, it awarded 11 grants totaling $2.1M. Net investment income was $2.0M.
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 | $37,619,360 | $38,271,243 | $18,722,887 |
| Revenue | $2,085,829 | $21,666,231 | $10,868,457 |
| Expenses | $2,720,149 | $2,117,900 | $1,775,863 |
| Qualifying Distributions | $2,068,150 | $2,046,000 | $1,675,450 |
| Net Investment Income | $2,022,525 | $21,606,807 | $860,659 |
| Distributable Amount | $1,982,633 | $1,605,287 | $1,360,788 |
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
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Horatio Alger Association ($1,000,000), For Kids ($333,150), American Himalayan Foundation ($310,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FOR KIDS CHESAPEAKE, VA | GENERAL | $333,150 |
| PARK COUNTY COMMUNITY FOUNDATION LIVINGSTON, MT | GENERAL | $100,000 |
| SALVATION ARMY ALEXANDRIA, VA | GENERAL | $20,000 |
| HORATIO ALGER ASSOCIATION ALEXANDRIA, VA | GENERAL | $1,000,000 |
| AMERICAN HIMALAYAN FOUNDATION SAN FRANCISCO, CA | GENERAL | $30,000 |
| VIRGINIA SPORTS HALL OF FAME VIRGINIA BEACH, VA | GENERAL | $10,000 |
| TIDEWATER PORTSMOUTH, VA | GENERAL | $10,000 |
| AMERICAN HIMALAYAN FOUNDATION SAN FRANCISCO, CA | GENERAL | $310,000 |
| VIRGINIA MUSEUM OF CONTEMPORARY ART VIRGINIA BEACH, VA | GENERAL | $35,000 |
| NORFOLK ACADEMY NORFOLK, VA | GENERAL | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KELLY SOKOL | PRESIDENT/EXEC DIR | 13 | $54,875 |
| JOHN WEECH | TREASURER/SECRETARY | 3 | — |
| DAVID SOKOL | DIRECTOR | — | — |
| PEGGY SOKOL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sokol Family Foundation?
Sokol Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VIRGINIA BEACH, VA. It holds $37.6M in total assets as of 2024.
How large is Sokol Family Foundation?
As of 2024, Sokol Family Foundation holds $37.6M in total assets with $2.1M in annual revenue. It awarded 11 grants totaling $2.1M in 2024.
Where does Sokol Family Foundation operate?
Sokol Family Foundation has awarded grants in California, Florida, Montana, Nebraska, Virginia.
What size grants does Sokol Family Foundation award?
In 2024, Sokol Family Foundation awarded 11 grants totaling $2.1M — an average of about $188K per grant, based on its IRS Form 990 filings.
How much is Sokol Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sokol Family Foundation reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sokol Family Foundation's EIN?
Sokol Family Foundation's EIN (Employer Identification Number) is 85-3064683. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sokol Family 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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