The Varney Foundation
The Varney Foundation is a private foundation, based in Great Falls, VA. IRS filing data is available from 2019 through 2024. In 2024, it awarded 2 grants totaling $7K.
The Varney Foundation at a glance
In short: The Varney Foundation gave $7K across 2 grants in 2024 (avg $4K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,200
- -97.0% vs 2023
- Grants made (2024)
- 2
- -71.4% vs 2023
- Average grant
- $3,600
- -89.5% vs 2023
- Median grant
- $3,600
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Varney Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was CRU - Campus Crusade for Christ ($7K). Together the top 2 received $7K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 30 grants of 31 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Varney Foundation gives
- Giving fell 70% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $7K (2024) to $239K (2023). In 2024 it made 2 grants totaling $7K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CRU - Campus Crusade for Christ Orlando, FL | General Operating | $6,600 |
| Wycliffe Bible Translators Orlando, FL | General Operating | $600 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $9,277 | $9,993 | $7,200 | 2 | $7,200 | — | $41 |
| 2023 | $716 | $121,103 | $241,499 | $238,993 | 7 | $238,993 | $21,103 | $3,431 |
| 2022 | $121,112 | $2,911 | $28,056 | $27,000 | 3 | $27,000 | $2,911 | $7,326 |
| 2021 | $146,257 | $54,334 | $25,572 | $24,200 | 9 | $24,871 | $2,986 | $6,383 |
| 2020 | $117,495 | $55,232 | $34,467 | $33,200 | 10 | — | $3,936 | $4,149 |
| 2019 | $96,730 | $5,285 | $22,104 | $20,750 | 5 | — | $4,602 | $5,574 |
Under IRS private-foundation payout rules, The Varney Foundation reported a distributable amount of $41 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Varney Foundation is led by Robert C. Varney, President since 2023 (on filings since 2019); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert C. Varney
President
Director & President → President, 2023
On filings since 2019
1 hr/week
No compensation reported
Karlayne Powars
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Sandra D. Varney
Director
Director & Secretary → Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Tammy Boyd
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Varney Foundation
How much does The Varney Foundation give each year?
The Varney Foundation gave $7K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $239K across 7 grants.
Where does The Varney Foundation operate?
The Varney Foundation has awarded grants in California, Florida, Georgia, Minnesota, Texas, Virginia, Wisconsin.
How much is The Varney Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Varney Foundation reported a distributable amount of $41 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Varney Foundation's EIN?
The Varney Foundation's EIN (Employer Identification Number) is 54-1741120. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 14, 2020)
- IRS filings on file for fiscal years 2020–2024
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