Varney Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15K in total assets. In 2024, it awarded 7 grants totaling $1K. Net investment income was $655.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15K
-6.6% YoY
Annual Giving
$1K
-15.2% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$200
-15.2% YoY
Under IRS private-foundation payout rules, Varney Family Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Varney Family Foundation
Based on IRS filings
Varney Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15K in total assets. In 2024, it awarded 7 grants totaling $1K. Net investment income was $655.
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 | $14,557 | $15,582 | $11,783 |
| Revenue | $703 | $5,321 | $612 |
| Expenses | $1,663 | $1,856 | $1,424 |
| Qualifying Distributions | $1,400 | $1,650 | $1,150 |
| Net Investment Income | $655 | $3,305 | $554 |
| Distributable Amount | $2,869 | $2,194 | $2,068 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois Foundation ($500), University of Virginia ($250), Kansas State University Foundation ($250).
| Recipient | Purpose | Amount |
|---|---|---|
| Partners in Health Boston, MA | Medical Health Services 3rd World | $100 |
| University of Virginia Charlottesville, VA | University | $250 |
| University of Illinois Foundation Champaign, IL | University | $500 |
| Fonkoze Washington, DC | MicroFinancing Charity Haiti | $100 |
| Smile Train New York, NY | Medical Health Services 3rd World | $100 |
| Grameen Foundation Washington, DC | MicroFinancing Charity 3rd World | $100 |
| Kansas State University Foundation Manhattan, KS | University | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DARYL F VARNEY | Secretary-Treasurer | 0.1 | — |
| DOUGLAS W VARNEY | President | 0.5 | — |
| JEANINE VARNEY | BoD Member | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Varney Family Foundation?
Varney Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPERVILLE, IL. It holds $15K in total assets as of 2024.
How large is Varney Family Foundation?
As of 2024, Varney Family Foundation holds $15K in total assets with $703 in annual revenue. It awarded 7 grants totaling $1K in 2024.
Where does Varney Family Foundation operate?
Varney Family Foundation has awarded grants in District of Columbia, Idaho, Illinois, Kansas, Massachusetts, New Jersey, New York, Virginia.
What size grants does Varney Family Foundation award?
In 2024, Varney Family Foundation awarded 7 grants totaling $1K — an average of about $200 per grant, based on its IRS Form 990 filings.
How much is Varney Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Varney Family Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Varney Family Foundation's EIN?
Varney Family Foundation's EIN (Employer Identification Number) is 48-1159508. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Varney Family Foundation'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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