Varhegyi Foundation
Varhegyi Foundation is a private foundation, based in Bonita Springs, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 6 grants totaling $106K. Net investment income was $20K.
Varhegyi Foundation at a glance
In short: Varhegyi Foundation gave $106K across 6 grants in 2025 (avg $18K), top state Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $106,000
- +24.7% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $17,667
- -16.9% vs 2024
- Median grant
- $25,000
- Total assets
- $1,151,255
- -7.3% vs 2024
- Primary geography
- Michigan (47% 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 Varhegyi Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Florida Gulf Coast University ($25K). Together the top 6 received $106K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Varhegyi Foundation gives
- Giving grew 51% from 2022 to 2025. Method
- In 2025 it paid out 183% of 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 2020 to 2025, annual grant giving ranged from $70K (2022) to $115K (2020). In 2025 it made 6 grants totaling $106K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Florida Gulf Coast University Fort Myers, FL | Educational Enrichment | $25,000 |
| Hillsdale College Hillsdale, MI | Educational Enrichment | $25,000 |
| Michigan State University East Lansing, MI | Educational Enrichment | $25,000 |
| University of Tennessee Knoxville, TN | Educational Enrichment | $25,000 |
| St Matthews House Naples, FL | Fighting Hunger, Homelessness and Addiction | $4,000 |
| Turning Point USA Phoenix, AZ | Educational Enrichment | $2,000 |
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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 | $1,151,255 | $37,887 | $128,776 | $106,000 | 6 | $106,000 | $19,659 | $57,801 |
| 2024 | $1,242,144 | $13,937 | $112,763 | $85,000 | 4 | $85,000 | $12,520 | $61,011 |
| 2023 | $1,340,970 | $26,772 | $116,145 | $90,000 | 4 | $90,000 | $6,837 | $64,245 |
| 2022 | $1,430,343 | $27,893 | $113,096 | $70,000 | 3 | $70,000 | — | $71,098 |
| 2021 | $1,546,754 | $30,436 | $181,422 | $105,000 | 4 | $105,000 | — | $80,649 |
| 2020 | $1,672,266 | $368,885 | $157,913 | $115,000 | 5 | — | $330,454 | $80,414 |
Under IRS private-foundation payout rules, Varhegyi Foundation reported a distributable amount of $58K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Varhegyi Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gyongyi Varhegyi
Director
On filings since 2020
4 hrs/week
No compensation reported
Peter Varhegyi
Director
On filings since 2020
No compensation reported
Zoltan Poloskei
Director
On filings since 2020
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 Varhegyi Foundation
How much does Varhegyi Foundation give each year?
Varhegyi Foundation gave $106K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $85K across 4 grants.
What is Varhegyi Foundation's typical grant size?
Varhegyi Foundation's median grant in 2025 was $25,000, and its average grant was $17,667, across 6 grants on its 2025 IRS Form 990-PF.
Where does Varhegyi Foundation give grants?
Varhegyi Foundation's top state is Michigan, with 47% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (27%) and Tennessee (24%).
Does Varhegyi Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Varhegyi Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Enrichment" (5 grants).
Who are Varhegyi Foundation's largest grantees?
Varhegyi Foundation's largest 2025 grantees include Florida Gulf Coast University ($25,000), Hillsdale College ($25,000) and Michigan State University ($25,000), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Varhegyi Foundation?
Varhegyi Foundation reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $106K in qualifying distributions that year, against a required minimum of $58K (roughly 5% of its investment assets).
What is Varhegyi Foundation's EIN?
Varhegyi Foundation's EIN (Employer Identification Number) is 20-3979318. 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 May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
Live grants for the work Varhegyi Foundation funds
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