The Varnum-De Rose Trust is a private foundation located in Pittsburgh, Pennsylvania. Established in 2018, it operates as a 501(c)(3) organization with no employees and focuses on providing general operating support to its grantees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.4M
+8.9% YoY
Annual Giving
$500K
-5.7% YoY
Grant Count
24
-4.0% YoY
Avg Grant Size
$21K
-1.7% YoY
Grantmaking
The foundation made 21 grants in 2024, with individual grant amounts of $55,000. Recent grantees include:
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $7,410,555
- Total Revenues: $1,176,814
- Total Expenses: $571,535
- Investment Income and Dividends: $216,460
- Net Gain from Sale of Non-Inventory Assets: $960,354
The foundation's revenue increased significantly year-over-year, with investment income rising 39.9% from 2023 to 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,410,555 | $6,806,300 | $6,704,525 |
| Revenue | $1,176,814 | $643,375 | $538,958 |
| Expenses | $571,535 | $590,688 | $571,827 |
| Qualifying Distributions | $523,405 | $551,766 | $515,012 |
| Net Investment Income | $1,135,823 | $602,698 | $497,854 |
| Distributable Amount | $413,256 | $429,122 | $401,301 |
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
119 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Michael Stagis serves as Vice President of the foundation (as of May 2024).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAY H MCDOWELL ESQ | CO-TRUSTEE | 1 | $9,658 |
| BNY MELLON N A | CO-TRUSTEE | 1 | $48,229 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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