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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
-6.2% YoY
Annual Giving
$360K
+44.0% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$60K
+44.0% YoY
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.
About The Benedict Foundation
Based on IRS filings
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.
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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 | $3,369,637 | $3,592,118 | $3,731,921 |
| Revenue | $169,694 | $139,324 | $214,081 |
| Expenses | $392,175 | $279,127 | $282,794 |
| Qualifying Distributions | $360,171 | $250,000 | $250,000 |
| Net Investment Income | $139,713 | $138,955 | $193,156 |
| Distributable Amount | $237,690 | $216,752 | $221,140 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Miami Valley School ($250,000), Indian River Land Trust ($50,000), Youth Sailing Foundation of Irc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| INDIAN RIVER LAND TRUST VERO BEACH, FL | RESTRICTED | $50,000 |
| MCKEE BOTANICAL GARDENS VERO BEACH, FL | RESTRICTED | $15,000 |
| THE VNA AND HOSPICE FOUNDATION VERO BEACH, FL | UNRESTRICTED | $5,000 |
| SOUTHERN PREPARATORY ACADEMY CAMP HILL, AL | UNRESTRICTED | $15,000 |
| THE MIAMI VALLEY SCHOOL DAYTON, OH | RESTRICTED | $250,000 |
| YOUTH SAILING FOUNDATION OF IRC VERO BEACH, FL | RESTRICTED | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER B BENEDICT II | PRESIDENT | 3 | — |
| DAVIS M BENEDICT | VICE PRESIDENT | 3 | — |
| RANDALL D CORWIN | SECRETARY | 3 | — |
| MARK VOSSKAMP | TREASURER | 0.5 | — |
Frequently Asked Questions
How large is The Benedict Foundation?
As of 2024, The Benedict Foundation holds $3.4M in total assets with $170K in annual revenue. It awarded 6 grants totaling $360K in 2024.
Where does The Benedict Foundation operate?
The Benedict Foundation has awarded grants in Alabama, Connecticut, Florida, Ohio, Tennessee.
What size grants does The Benedict Foundation award?
In 2024, The Benedict Foundation awarded 6 grants totaling $360K — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is The Benedict Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Benedict Foundation reported a distributable amount of $238K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Benedict 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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