The Vardaman Family Foundation
The Vardaman Family Foundation is a private foundation, based in Washington, DC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $481K in total assets. In 2025, it awarded 1 grant totaling $21K. Net investment income was $58K.
The Vardaman Family Foundation at a glance
In short: The Vardaman Family Foundation gave $21K across 1 grant in 2025 (avg $21K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,723
- +62.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $20,723
- +62.3% vs 2024
- Median grant
- $20,723
- Total assets
- $480,913
- +8.1% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Vardaman Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Scholarships Granted ($21K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Vardaman Family Foundation gives
- Giving fell 36% from 2022 to 2025. Method
- In 2025 it paid out 62% 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 2020 to 2025, annual grant giving ranged from $8K (2021) to $53K (2023). In 2025 it made 1 grant totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarships Granted Lexington, VA | Tuition Assistance to Students with Demonstrated Needs | $20,723 |
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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 | $480,913 | $58,013 | $22,114 | $20,723 | 1 | $20,723 | $58,103 | $33,441 |
| 2024 | $445,014 | $41,128 | $13,781 | $12,770 | 1 | $12,770 | $40,828 | $31,906 |
| 2023 | $417,667 | $35,919 | $57,162 | $53,374 | 1 | $53,374 | $35,219 | $27,646 |
| 2022 | $438,910 | $23,848 | $32,500 | $32,500 | 2 | $32,500 | $23,848 | $29,750 |
| 2021 | $452,562 | $26,888 | $8,960 | $7,500 | 1 | $7,500 | $26,888 | $30,862 |
| 2020 | $434,634 | $18,275 | $26,192 | $24,442 | 1 | — | $15,925 | $26,193 |
Under IRS private-foundation payout rules, The Vardaman Family Foundation reported a distributable amount of $33K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Vardaman Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
H. Davis Vardaman
Director
On filings since 2020
1 hr/week
No compensation reported
John W. Vardaman III
Director
On filings since 2020
7 hrs/week
No compensation reported
Shannon Vardaman
Director
On filings since 2020
1 hr/week
No compensation reported
Thomas E. Kane
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Vardaman Family Foundation
How much does The Vardaman Family Foundation give each year?
The Vardaman Family Foundation gave $21K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 1 grant.
How large is The Vardaman Family Foundation?
The Vardaman Family Foundation reported $481K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $33K (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.
Where does The Vardaman Family Foundation operate?
The Vardaman Family Foundation has awarded grants in Virginia.
What is The Vardaman Family Foundation's EIN?
The Vardaman Family Foundation's EIN (Employer Identification Number) is 31-1740631. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 30, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 20, 2026)
Explore Open Grants
Browse active grant opportunities in The Vardaman Family Foundation's focus areas in our free grants database
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