The Verdence Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNT VALLEY, MD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $354K in total assets. In 2024, it awarded 12 grants totaling $29K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$354K
+92.9% YoY
Annual Giving
$29K
+498.8% YoY
Grant Count
12
+200.0% YoY
Avg Grant Size
$2K
+99.6% YoY
Under IRS private-foundation payout rules, The Verdence Foundation Inc reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About The Verdence Foundation Inc
Based on IRS filings
The Verdence Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNT VALLEY, MD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $354K in total assets. In 2024, it awarded 12 grants totaling $29K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $354,197 | $183,616 | $43,896 |
| Revenue | $203,535 | $156,074 | $36,191 |
| Expenses | $32,954 | $16,354 | $66,330 |
| Qualifying Distributions | $28,612 | $4,778 | $58,460 |
| Net Investment Income | $22,958 | $4,189 | $19,246 |
| Distributable Amount | $13,998 | $4,172 | $3,293 |
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
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Habitat for Humanity ($10,300), David Lawrence Center ($5,000), Clothes for Christmas Arc Donation ($4,191).
| Recipient | Purpose | Amount |
|---|---|---|
| HABITAT FOR HUMANITY ASHEVILLE, NC | DONATION TO ASHVILLE | $10,300 |
| DAVID LAWRENCE CENTER NAPLES, FL | TO FURTHER THE ORGANIZATIONS GOALS | $5,000 |
| CLOTHES FOR CHRISTMAS ARC DONATION BALTIMORE, MD | TO FURTHER THE ORGANIZATIONS GOALS | $4,191 |
| BRANDON TOLSON FOUNDATION BEL AIR, MD | TO FURTHER THE ORGANIZATIONS GOALS | $1,700 |
| COOL KIDS CAMPAIGN TOWSON, MD | TO FURTHER THE ORGANIZATIONS GOALS | $1,600 |
| WREATHS ACROSS AMERICA COLUMBIA FALLS, ME | TO FURTHER THE ORGANIZATIONS GOALS | $1,275 |
| COOK FOR VETS STERLING, VA | TO FURTHER THE ORGANIZAITONS GOALS | $1,000 |
| FRIENDSHIP PLACE WASHINGTON, DC | TO FURTHER THE ORGANIZATIONS GOALS | $1,000 |
| A CAN CAN MAKE A DIFFERENCE PARKVILLE, MD | TO FURTHER THE ORGANIZATIONS GOALS | $1,056 |
| THE BALTIMORE HUNGER PROJECT TIMONIUM, MD | TO FURTHER THE ORGANIZATIONS GOALS | $655 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MEGAN HORNEMAN | DIRECTOR | 0.5 | — |
| ROBERT SCHMITT | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Verdence Foundation Inc?
The Verdence Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUNT VALLEY, MD. It holds $354K in total assets as of 2024.
How large is The Verdence Foundation Inc?
As of 2024, The Verdence Foundation Inc holds $354K in total assets with $204K in annual revenue. It awarded 12 grants totaling $29K in 2024.
Where does The Verdence Foundation Inc operate?
The Verdence Foundation Inc has awarded grants in District of Columbia, Florida, Maryland, Maine, North Carolina, New York, Virginia.
What size grants does The Verdence Foundation Inc award?
In 2024, The Verdence Foundation Inc awarded 12 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Verdence Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Verdence Foundation Inc reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Verdence Foundation Inc's EIN?
The Verdence Foundation Inc's EIN (Employer Identification Number) is 83-1073865. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Verdence Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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