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
Under IRS private-foundation payout rules, Varnum-de Rose Trust reported a distributable amount of $413K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation made 21 grants in 2024, with individual grant amounts of $55,000. Recent grantees include:
Ready to take the next step with Varnum-de Rose Trust?
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
Among its reported 2024 grants, the largest include Phillips Academy ($55,000), Yale University ($55,000), Jose Limon Dance Foundation ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST JOHNS EPISCOPAL CHURCH JAMAICA, NY | GENERAL OPERATING | $12,000 |
| COMMUNITY BAPTIST CHURCH JAMAICA, NY | GENERAL OPERATING PURPOSES | $10,000 |
| THE NATURE CONSERVANCY MAITLAND, FL | GENERAL OPERATING | $6,000 |
| PHILLIPS ACADEMY ANDOVER, MA | GENERAL OPERATING | $55,000 |
| BROOKLYN BOTANIC GARDEN BROOKLYN, NY | GENERAL OPERATING PURPOSES | $6,000 |
| THE NEW YORK BOTANICAL GARDEN BRONX, NY | GENERAL OPERATING | $6,000 |
| YALE UNIVERSITY NEW HAVEN, CT | GENERAL OPERATING | $55,000 |
| SOUTHAMPTON HISTORY MUSEUM SOUTHAMPTON, NY | GENERAL OPERATING | $6,000 |
| DOROT INC NEW YORK, NY | GENERAL OPERATING | $25,000 |
| PROSTATE ACTION INC NEW YORK, NY | GENERAL OPERATING | $25,000 |
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
Frequently Asked Questions
How do I apply for a grant from Varnum-de Rose Trust?
The foundation made 21 grants in 2024, with individual grant amounts of $55,000. Recent grantees include: • Phillips Academy • Jose Limon Dance Foundation • Yale University The foundation supports general operating expenses for its recipients.
What size grants does Varnum-de Rose Trust award?
In 2024, Varnum-de Rose Trust awarded 24 grants totaling $500K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is Varnum-de Rose Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Varnum-de Rose Trust reported a distributable amount of $413K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Varnum-de Rose Trust's EIN?
Varnum-de Rose Trust's EIN (Employer Identification Number) is 83-1214640. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Varnum-de Rose Trust's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Wolf Creek Operating Foundation
WEST CONSHOHOCKEN, PA
Assets
$7.1M
Grants
0
Total Given
—
The Best Little Cat House in PA
HARRISBURG, PA
Assets
$281K
Grants
0
Total Given
—
Willis and Elsie Shenk Foundation
LANCASTER, PA
Assets
$9.4M
Grants
35
Total Given
$304K
The Irene P Sorbara Charitable Foundation
PITTSBURGH, PA
Assets
$2.5M
Grants
2
Total Given
$131K
Howmet Aerospace Foundation
PITTSBURGH, PA
Assets
$141.5M
Grants
209
Total Given
$8.4M
Penn and Lisa Seiple Conservancy
SUNBURY, PA
Assets
$1.5M
Grants
0
Total Given
—
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Varnum-de Rose Trust on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Varnum-de Rose Trust to a real strategy.