The Sam Vernice Family Foundation XXXXX1007
The Sam Vernice Family Foundation XXXXX1007 is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $274K in total assets. In 2025, it awarded 8 grants totaling $12K. Net investment income was $12K.
The Sam Vernice Family Foundation XXXXX1007 at a glance
In short: The Sam Vernice Family Foundation XXXXX1007 gave $12K across 8 grants in 2025 (avg $2K), mostly in Louisiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,065
- +9.6% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $1,508
- +9.6% vs 2024
- Median grant
- $1,000
- Total assets
- $274,036
- -0.8% vs 2024
- Primary geography
- Louisiana (82% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Sam Vernice Family Foundation XXXXX1007 funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was LSU Health Sciences Center Fdn ($7K). Together the top 8 received $12K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 40 grants of 40 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How The Sam Vernice Family Foundation XXXXX1007 gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $11K (2024) to $12K (2022). In 2025 it made 8 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| LSU Health Sciences Center Fdn New Orleans, LA | General | $6,865 |
| Society for Propagation of the Faith New York, NY | General | $1,000 |
| St Jude Childrens Research Memphis, TN | General | $1,000 |
| Our Lady of the Lake Foundation Baton Rouge, LA | General | $1,000 |
| Baton Rouge General Foundation Baton Rouge, LA | General | $1,000 |
| Northshore Food Bank Covington, LA | General | $500 |
| Greater Baton Rouge Food Bank Inc Baton Rouge, LA | General | $500 |
| Memorial Sloan-Kettering Cancer Ctr Cancer Center New York, NY | General | $200 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $274,036 | $15,270 | $17,434 | $12,065 | 8 | $13,640 | $11,744 | $14,364 |
| 2024 | $276,193 | $19,864 | $14,794 | $11,013 | 8 | $12,535 | $17,839 | $13,587 |
| 2023 | $267,667 | $16,308 | $12,804 | $11,328 | 8 | $12,682 | $16,229 | $12,367 |
| 2022 | $266,200 | $15,998 | $14,558 | $12,364 | 8 | $13,809 | $15,789 | $12,773 |
| 2021 | $263,701 | $28,649 | $13,102 | $11,120 | 8 | $12,689 | $28,520 | $13,933 |
| 2020 | $249,079 | $18,246 | $12,723 | $11,079 | 8 | — | $18,143 | $12,502 |
| 2019 | $242,967 | $11,007 | $13,046 | $11,342 | 5 | — | $10,932 | $12,463 |
Under IRS private-foundation payout rules, The Sam Vernice Family Foundation XXXXX1007 reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Sam Vernice Family Foundation XXXXX1007's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2021
2 hrs/week
$2K (2021) → $5K (2025)
Former officers (1)
- Former: JP Morgan Chase Bank N A (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about The Sam Vernice Family Foundation XXXXX1007
How much does The Sam Vernice Family Foundation XXXXX1007 give each year?
The Sam Vernice Family Foundation XXXXX1007 gave $12K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 8 grants.
What is The Sam Vernice Family Foundation XXXXX1007's typical grant size?
The Sam Vernice Family Foundation XXXXX1007's median grant in 2025 was $1,000, and its average grant was $1,508, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Sam Vernice Family Foundation XXXXX1007 give grants?
The Sam Vernice Family Foundation XXXXX1007 gives mostly in Louisiana: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (10%) and Tennessee (8%). The most frequent recipient cities were Baton Rouge, LA (3 grants) and New York, NY (2 grants).
Does The Sam Vernice Family Foundation XXXXX1007 give general operating support?
Yes: 100% of The Sam Vernice Family Foundation XXXXX1007's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Sam Vernice Family Foundation XXXXX1007's largest grantees?
The Sam Vernice Family Foundation XXXXX1007's largest 2025 grantees include LSU Health Sciences Center Fdn ($6,865), Society for Propagation of the Faith ($1,000) and St Jude Childrens Research ($1,000), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is The Sam Vernice Family Foundation XXXXX1007?
The Sam Vernice Family Foundation XXXXX1007 reported $274K in total assets on its 2025 IRS Form 990-PF. It paid out $14K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Sam Vernice Family Foundation XXXXX1007's EIN?
The Sam Vernice Family Foundation XXXXX1007's EIN (Employer Identification Number) is 72-6135038. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 22, 2024)
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