The Varney Foundation

GREAT FALLS, VA EIN: 54-1741120

The Varney Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT FALLS, VA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $7K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$7K

-97.0% YoY

Grant Count

2

-71.4% YoY

Avg Grant Size

$4K

-89.5% YoY

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.

About The Varney Foundation

Based on IRS filings

The Varney Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT FALLS, VA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 2 grants totaling $7K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Cities

AlamoAlpharettaArlingtonCentrevilleFairfaxFalls ChurchFayetevilleFayettevilleFriscoMiamiMinneapolisOrlandoPeachtree CornersSterlingWest Allis

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$66K$133K$199K$266K20202021202220232024
Metric202420232022
Total Assets$716$121,112
Revenue$9,277$121,103$2,911
Expenses$9,993$241,499$28,056
Qualifying Distributions$7,200$238,993$27,000
Net Investment Income$21,103$2,911
Distributable Amount$41$3,431$7,326

Giving Over Time

Total grant dollars and number of grants per year

$0$60K$119K$179K$239K10 grants20209 grants20213 grants20227 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

CRU - CAMPUS CRUSADE FOR…$7KWYCLIFFE BIBLE TRANSLATORS$600

Grant Size Distribution

31 grants across all recorded years

30<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cru - Campus Crusade for Christ ($6,600), Wycliffe Bible Translators ($600).

RecipientPurposeAmount
CRU - CAMPUS CRUSADE FOR CHRIST ORLANDO, FLGENERAL OPERATING$6,600
WYCLIFFE BIBLE TRANSLATORS ORLANDO, FLGENERAL OPERATING$600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
ROBERT C VARNEYPRESIDENT1
SANDRA D VARNEYDIRECTOR1
TAMMY BOYDDIRECTOR0.5
KARLAYNE POWARSDIRECTOR0.5

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is The Varney Foundation?

The Varney Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREAT FALLS, VA. It holds — in total assets as of 2024.

Where does The Varney Foundation operate?

The Varney Foundation has awarded grants in California, Florida, Georgia, Minnesota, Texas, Virginia, Wisconsin.

What size grants does The Varney Foundation award?

In 2024, The Varney Foundation awarded 2 grants totaling $7K — an average of about $4K per grant, based on its IRS Form 990 filings.

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 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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