The Verdence Foundation Inc
The Verdence Foundation Inc is a private foundation based in Hunt Valley, Maryland. It made 12 grants totaling $28,612 in 2024 to charitable organizations, including organizations working in housing, homelessness, and other areas reflected in its grant list.
The Verdence Foundation Inc at a glance
In short: The Verdence Foundation Inc gave $29K across 12 grants in 2024 (avg $2K), top state North Carolina. 100% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $28,612
- +498.8% vs 2023
- Grants made (2024)
- 12
- +200.0% vs 2023
- Average grant
- $2,384
- +99.6% vs 2023
- Median grant
- $1,166
- Total assets
- $354,197
- +92.9% vs 2023
- New grantees (estimate)
- 100% first-time grantees (12 of 12, 2024; small sample)
- Primary geography
- North Carolina (36% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Verdence Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 50 Schilling Road Suite 300, Hunt Valley, MD 21031
Phone: (410) 403-2676
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Verdence Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Habitat for Humanity ($10K). Together the top 10 received $28K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grants went to recipients in North Carolina (36% of grant dollars), Maryland (32%), Florida (17%), Virginia (6%), and Maine (4%). The grant list also includes a $1,000 award to Friendship Place in Washington, DC.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is The Verdence Foundation Inc open to new grantees?
100%
first-time grantees, 2024
In 2024, 12 of 12 grantees (100%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $2K. How we count
- 0% of 2024 grantees were also funded in 2023. Method
- Giving grew 105% from 2021 to 2024. Method
- In 2024 it paid out 204% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $5K (2023) to $58K (2022). In 2024 it made 12 grants totaling $29K.
Grants by year
Grant recipients and amounts by year
| 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 |
| A Can Can Make a Difference Parkville, MD | To Further the Organizations Goals | $1,056 |
| Cook for Vets Sterling, VA | To Further the Organizaitons Goals | $1,000 |
| Friendship Place Washington, DC | To Further the Organizations Goals | $1,000 |
| The Baltimore Hunger Project Timonium, MD | To Further the Organizations Goals | $655 |
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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 | $354,197 | $203,535 | $32,954 | $28,612 | 12 | $28,612 | $22,958 | $13,998 |
| 2023 | $183,616 | $156,074 | $16,354 | $4,778 | 4 | $4,778 | $4,189 | $4,172 |
| 2022 | $43,896 | $36,191 | $66,330 | $58,460 | 7 | $58,460 | $19,246 | $3,293 |
| 2021 | $74,035 | $86,785 | $15,750 | $13,990 | 6 | $13,990 | $37,213 | $128 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for Habitat for Humanity, whose mission is to partner with people in need to build decent, affordable housing; Friendship Place, which works to help people experiencing or at risk of homelessness attain stable housing and rebuild their lives; and Wreaths Across America, whose mission is to remember, honor, and teach.
Grantmaking
In 2024, the foundation gave $28,612 through 12 grants. Grant amounts ranged from $312 to $10,300, with a median of $1,166. The largest grants included $10,300 to Habitat for Humanity in North Carolina, $5,000 to the David Lawrence Center in Florida, and $4,191 to Clothes for Christmas ARC Donation in Maryland. Other listed grants included $1,700 to the Brandon Tolson Foundation, $1,600 to Cool Kids Campaign, and $1,275 to Wreaths Across America.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Megan Horneman and Robert Schmitt as directors.
The Verdence Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Megan Horneman
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Robert Schmitt
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Avery A. Prkna (2021–2022) — Director
- Former: Thomas J. New (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2024. "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 Verdence Foundation Inc
How much does The Verdence Foundation Inc give each year?
The Verdence Foundation Inc gave $29K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 4 grants.
What is The Verdence Foundation Inc's typical grant size?
The Verdence Foundation Inc's median grant in 2024 was $1,166, and its average grant was $2,384, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Verdence Foundation Inc that year got $2K on average.
Where does The Verdence Foundation Inc give grants?
The Verdence Foundation Inc's top state is North Carolina, with 36% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Maryland (32%) and Florida (17%).
Does The Verdence Foundation Inc give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on The Verdence Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further the Organizations Goals" (9 grants).
Who are The Verdence Foundation Inc's largest grantees?
The Verdence Foundation Inc's largest 2024 grantees include Habitat for Humanity ($10,300), David Lawrence Center ($5,000) and Clothes for Christmas Arc Donation ($4,191), according to its 2024 IRS Form 990-PF. Together they received 68% of its itemized 2024 grant dollars.
How large is The Verdence Foundation Inc?
The Verdence Foundation Inc reported $354K in total assets on its 2024 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What does The Verdence Foundation Inc fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from The Verdence Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Verdence Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Figures come from The Verdence Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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