The Dear Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BETHESDA, MD. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 10 grants totaling $83K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+101.0% YoY
Annual Giving
$83K
+65.0% YoY
Grant Count
10
+900.0% YoY
Avg Grant Size
$8K
-83.5% YoY
Under IRS private-foundation payout rules, The Dear Foundation reported a distributable amount of $72K for 2024 — the minimum it must pay out in qualifying distributions.
About The Dear Foundation
Based on IRS filings
The Dear Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BETHESDA, MD. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 10 grants totaling $83K. Net investment income was $59K.
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 | $1,938,804 | $964,696 | $10,000 |
| Revenue | $1,061,618 | $1,006,296 | $10,000 |
| Expenses | $87,510 | $51,600 | — |
| Qualifying Distributions | $84,969 | $50,500 | — |
| Net Investment Income | $59,149 | $5,196 | — |
| Distributable Amount | $72,360 | $7,490 | $21 |
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
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Adkins Arboretum ($10,000), Building African Minds ($10,000), Chesapeake Wildlife Heritage ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADKINS ARBORETUM RIDGELY, MD | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |
| BUILDING AFRICAN MINDS EASTON, MD | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |
| CHESAPEAKE WILDLIFE HERITAGE CHESTER, MD | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |
| FATHER MCKENNA CENTER WAWSHINGTON, DC | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $5,000 |
| PHILLIPS WHARF ENVIRONMENTAL CENTER EASTON, MD | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $2,500 |
| PROJECT GIVEBACK COMMUNITY SERVICE ORG WASHINGTON, DC | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $5,000 |
| RED WIGGLER FOUNDATION CLARKSBURG, MD | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |
| SOCIETY OF ST VINCENT DE PAUL EASTON, MD | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |
| THRIVE DC WASWHINGTON, DC | PROVIDE SUPPORT FOR GENERALOPERATING EXPENSES | $10,000 |
| THE NATURE CONSERVANCY ARLINGTON, VA | PROVIDE SUPPORT FOR GENERAL OPERATING EXPENSES | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELIZABETH HORMEL | CHAIRMAN | 1 | — |
| EDWARD VLACH | BOARD MEMEBER | 0.5 | — |
| J RANDOLPH TAYLOR | TREASURER | 1 | — |
| TRISTAN MAGEE | BOARD MEMBER | 0.5 | — |
| NYLE LEDDY | SECRETARY | 0.5 | — |
| GRAEME LEDDY | BOARD MEMBER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Dear Foundation?
The Dear Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BETHESDA, MD. It holds $1.9M in total assets as of 2024.
How large is The Dear Foundation?
As of 2024, The Dear Foundation holds $1.9M in total assets with $1.1M in annual revenue. It awarded 10 grants totaling $83K in 2024.
Where does The Dear Foundation operate?
The Dear Foundation has awarded grants in District of Columbia, Maryland, Virginia.
What size grants does The Dear Foundation award?
In 2024, The Dear Foundation awarded 10 grants totaling $83K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Dear Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Dear Foundation reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Dear Foundation's EIN?
The Dear Foundation's EIN (Employer Identification Number) is 88-3660579. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in The Dear 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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