The Benedict Foundation
The Benedict Foundation is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 6 grants totaling $360K. Net investment income was $140K.
The Benedict Foundation at a glance
In short: The Benedict Foundation gave $360K across 6 grants in 2024 (avg $60K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $360,000
- +44.0% vs 2023
- Grants made (2024)
- 6
- +0.0% vs 2023
- Average grant
- $60,000
- +44.0% vs 2023
- Median grant
- $20,000
- Total assets
- $3,369,637
- -6.2% vs 2023
- Primary geography
- Ohio (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Benedict Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was The Miami Valley School ($250K). Together the top 6 received $360K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 30 grants of 37 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How The Benedict Foundation gives
- Giving grew 89% from 2021 to 2024. Method
- In 2024 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $150K (2020) to $360K (2024). In 2024 it made 6 grants totaling $360K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Miami Valley School Dayton, OH | Restricted | $250,000 |
| Indian River Land Trust Vero Beach, FL | Restricted | $50,000 |
| Youth Sailing Foundation of IRC Vero Beach, FL | Restricted | $25,000 |
| McKee Botanical Gardens Vero Beach, FL | Restricted | $15,000 |
| Southern Preparatory Academy Camp Hill, AL | Unrestricted | $15,000 |
| The VNA and Hospice Foundation Vero Beach, FL | Unrestricted | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,369,637 | $169,694 | $392,175 | $360,000 | 6 | $360,171 | $139,713 | $237,690 |
| 2023 | $3,592,118 | $139,324 | $279,127 | $250,000 | 6 | $250,000 | $138,955 | $216,752 |
| 2022 | $3,731,921 | $214,081 | $282,794 | $250,000 | 7 | $250,000 | $193,156 | $221,140 |
| 2021 | $3,724,584 | $252,402 | $216,752 | $190,000 | 8 | $190,000 | $173,339 | $222,131 |
| 2020 | $4,196,949 | $17,492 | $179,470 | $150,000 | 10 | — | $5,217 | — |
Under IRS private-foundation payout rules, The Benedict Foundation reported a distributable amount of $238K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Benedict Foundation is led by Peter B. Benedict II, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peter B. Benedict II
President
On filings since 2020
3 hrs/week
No compensation reported
Davis M. Benedict
Vice President
On filings since 2020
3 hrs/week
No compensation reported
Mark Vosskamp
Treasurer
Director → Treasurer, 2021
On filings since 2020
0.5 hrs/week
No compensation reported
Randall D. Corwin
Secretary
Director → Secretary, 2021
On filings since 2020
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Benedict Foundation
How much does The Benedict Foundation give each year?
The Benedict Foundation gave $360K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $250K across 6 grants.
What is The Benedict Foundation's typical grant size?
The Benedict Foundation's median grant in 2024 was $20,000, and its average grant was $60,000, across 6 grants on its 2024 IRS Form 990-PF.
Where does The Benedict Foundation give grants?
The Benedict Foundation gives mostly in Ohio: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (26%). The most frequent recipient cities were Vero Beach, FL (4 grants).
Does The Benedict Foundation give general operating support?
Yes: 33% of The Benedict Foundation's 2024 grants with a stated purpose (2 of 6) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Restricted" (4 grants).
Who are The Benedict Foundation's largest grantees?
The Benedict Foundation's largest 2024 grantees include The Miami Valley School ($250,000), Indian River Land Trust ($50,000) and Youth Sailing Foundation of IRC ($25,000), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is The Benedict Foundation?
The Benedict Foundation reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $360K in qualifying distributions that year, against a required minimum of $238K (roughly 5% of its investment assets).
What is The Benedict Foundation's EIN?
The Benedict Foundation's EIN (Employer Identification Number) is 59-2383209. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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