The Skip Viragh Foundation Inc is a private foundation established in 2007 in Reno, Nevada. The foundation honors the legacy of Albert P. "Skip" Viragh, an entrepreneurial investment fund innovator who founded Rydex Funds and was recognized as one of the 30 most influential individuals in financial services from 1980-2010. Skip Viragh died of pancreatic cancer in December 2003 at age 62. The foundation operates as a 501(c)(3) organization designated for religious, educational, charitable, scientific, literary, and other qualifying purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$218.1M
-2.5% YoY
Annual Giving
$34.9M
+42.4% YoY
Grant Count
46
-4.2% YoY
Avg Grant Size
$759K
+48.6% YoY
Under IRS private-foundation payout rules, The Skip Viragh Foundation Inc reported a distributable amount of $10.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on healthcare (particularly cancer research), education (especially Catholic schools), homelessness services, military support, and youth development. The foundation provides funding for scholarships and supports a variety of charitable initiatives.
Primary funding focus areas include:
- Cancer research and support
- Education and STEM education
- Human services and homelessness support
- Military family support
- Science and scientific research
Grantmaking
The foundation does not accept unsolicited requests for funds and only makes contributions to preselected charitable organizations. Grantmaking is trustee-directed rather than through formal grant programs.
Grant Range
$759,000
Average Grant
$759,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation has a national geographic focus with emphasis on Nevada and Maryland.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (Fiscal Year Ending June 2024):
- Total assets: $218,078,016
- Total revenue: $10,935,058
- Total expenses: $36,879,051
- Net investment income: $9,264,383
- Distributable amount: $10,681,759
Multi-Year Comparison:
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $218,078,016 | $223,568,500 | $226,771,805 |
| Revenue | $10,935,058 | $20,425,809 | $22,111,570 |
| Expenses | $36,879,051 | $26,853,948 | $34,567,918 |
| Qualifying Distributions | $35,128,837 | $24,712,451 | $32,066,183 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $218,078,016 | $223,568,500 | $226,771,805 |
| Revenue | $10,935,058 | $20,425,809 | $22,111,570 |
| Expenses | $36,879,051 | $26,853,948 | $34,567,918 |
| Qualifying Distributions | $35,128,837 | $24,712,451 | $32,066,183 |
| Net Investment Income | $9,264,383 | $18,221,138 | $20,029,126 |
| Distributable Amount | $10,681,759 | $10,680,235 | $13,239,630 |
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
243 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Helping Up Mission ($8,168,990), Pancreatic Cancer Action Network ($6,900,000), TAPS Tragedy Assist Program ($2,600,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Intersection of Change Baltimore, MD | Support for long-term drug abuse recovery services | $70,000 |
| COTA Bloomington, IN | Transplant patient support | $550,000 |
| Note-Ables Sparks, NV | To provide music opportunities for children and adults with disabilities | $400,000 |
| Center for Pregnancy Concerns Baltimore, MD | Educate those in a crisis pregnancy situation | $100,000 |
| Helping Up Mission Baltimore, MD | Provides a variety of services to the homeless, and support building construction | $8,168,990 |
| Chapelgate Christian Academy Marriottsville, MD | Endowment fund | $30,000 |
| Care Chest of Sierra Nevada Reno, NV | Rural outreach program and cargo van purchase | $187,000 |
| Cristo Rey Jesuit High School Baltimore, MD | Fund education for disadvantaged youth | $360,000 |
| Pancreatic Cancer Action Network Manhattan Beach, CA | Early detection initiative and research | $6,900,000 |
| Injured Marine Semper Fi Fund Oceanside, CA | Education and career transition assistance | $1,670,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Mark S. Viragh, President
- Katherine A. Viragh, Secretary
- Roger E. Young, Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark S Viragh | President | 30 | $100,000 |
| Roger E Young | Vice President | 30 | $100,000 |
| Katherine A Viragh | Secretary | 30 | $100,000 |
Recent News & Activity
Recent developments and announcements
The Pancreatic Cancer Action Network received a transformational $25 million gift from the foundation to accelerate research and advance progress for pancreatic cancer. This gift furthers the foundation's pioneering research initiatives to detect and treat pancreatic cancer.
PANCREATIC CANCER ACTION NETWORK RECEIVES TRANSFORMATIONAL $25 MILLION GIFTThe Viragh family's total philanthropic commitment has exceeded $70 million to pancreatic cancer research alone, making them one of the most significant donors in this field. In 2009, Skip Viragh was posthumously named one of America's Top Donors by The Chronicle of Philanthropy.
PanCAN Receives Transformational Gift of $25M in Memory of Skip Viragh -Contact Information
Address: 316 California Avenue, Suite 448, Reno, NV 89509-1650
Telephone: 775-323-2125
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Skip Viragh Foundation Inc fund?
The foundation's mission centers on healthcare (particularly cancer research), education (especially Catholic schools), homelessness services, military support, and youth development. The foundation provides funding for scholarships and supports a variety of charitable initiatives. Primary funding focus areas include: • Cancer research and support • Education and STEM education • Human services and homelessness support • Military family support • Science and scientific research
How do I apply for a grant from The Skip Viragh Foundation Inc?
**Grant Activity:** • Annual giving: $34.9 million (2024) • Total grants distributed: $35.1 million in qualifying distributions (2024) • Number of grants: 46 grants in 2024 • Average grant size: $759,000 • Grant range: $25,000 - $8,168,990 **Recent Grant Examples (2024):** • The Helping Up Mission: $8,168,990 (homeless services and support building construction) • Pancreatic Cancer Action Network (PCAN): $6,900,000 (early detection initiative and research) • Tragedy Assistance Program for Survi…
Where does The Skip Viragh Foundation Inc make grants?
The foundation has a national geographic focus with emphasis on Nevada and Maryland.
What size grants does The Skip Viragh Foundation Inc award?
In 2024, The Skip Viragh Foundation Inc awarded 46 grants totaling $34.9M — an average of about $759K per grant, based on its IRS Form 990 filings.
How much is The Skip Viragh Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Skip Viragh Foundation Inc reported a distributable amount of $10.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Skip Viragh Foundation Inc's EIN?
The Skip Viragh Foundation Inc's EIN (Employer Identification Number) is 20-8044292. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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