VER-NEL Charitable Foundation Inc
VER-NEL Charitable Foundation Inc is a private foundation, based in Mobile, AL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $457K in total assets. In 2025, it awarded 8 grants totaling $28K. Net investment income was $15K.
VER-NEL Charitable Foundation Inc at a glance
In short: VER-NEL Charitable Foundation Inc gave $28K across 8 grants in 2025 (avg $3K), mostly in Alabama. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $27,516
- -8.8% vs 2024
- Grants made (2025)
- 8
- +14.3% vs 2024
- Average grant
- $3,440
- -20.2% vs 2024
- Median grant
- $2,000
- Total assets
- $457,328
- -3.2% vs 2024
- Primary geography
- Alabama (93% 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 VER-NEL Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Auburn University Montgomery ($10K). Together the top 6 received $22K.
Organizations only. It also paid 2 individual scholarships ($6,000), which are not listed by name.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How VER-NEL Charitable Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $28K (2025) to $31K (2022). In 2025 it made 8 grants totaling $28K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Auburn University Montgomery Montgomery, AL | Educational Scholarship | $10,000 |
| Auburn University Auburn, AL | Educational Scholarship | $5,000 |
| 2 individual scholarships Recipients not named | — | $6,000 |
| Columbus State University Columbus, GA | Educational Scholarship | $2,000 |
| Jacksonville State University Jacksonville, AL | Educational Scholarship | $2,000 |
| Alabama State University Montgomery, AL | Educational Scholarship | $1,258 |
| Troy University Troy, AL | Educational Scholarship | $1,258 |
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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 | $457,328 | $22,072 | $36,955 | $27,516 | 8 | $29,428 | $14,731 | $30,491 |
| 2024 | $472,211 | $22,881 | $39,142 | $30,160 | 7 | $32,035 | $15,774 | $29,391 |
| 2023 | $488,472 | $26,288 | $36,651 | $27,858 | 8 | $29,703 | $19,340 | $32,005 |
| 2022 | $495,335 | $29,233 | $40,909 | $30,716 | 9 | $32,404 | $28,667 | $29,546 |
| 2021 | $507,011 | $45,946 | $37,889 | $27,936 | 9 | $29,774 | $37,984 | $32,554 |
| 2020 | $498,954 | $18,431 | $38,197 | $28,257 | 10 | — | $11,042 | $30,036 |
| 2019 | $518,720 | $52,605 | $37,319 | $27,848 | 6 | — | $45,107 | $30,132 |
Under IRS private-foundation payout rules, VER-NEL Charitable Foundation Inc reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
VER-NEL Charitable Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Linda Campbell
Director
On filings since 2019
No compensation reported
Mary Jo Warren
Director
On filings since 2019
No compensation reported
Yvonne W. Lee
Director
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 VER-NEL Charitable Foundation Inc
How much does VER-NEL Charitable Foundation Inc give each year?
VER-NEL Charitable Foundation Inc gave $28K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 7 grants.
What is VER-NEL Charitable Foundation Inc's typical grant size?
VER-NEL Charitable Foundation Inc's median grant in 2025 was $2,000, and its average grant was $3,440, across 8 grants on its 2025 IRS Form 990-PF.
Where does VER-NEL Charitable Foundation Inc give grants?
VER-NEL Charitable Foundation Inc gives mostly in Alabama: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Georgia (7%). The most frequent recipient cities were Montgomery, AL (2 grants).
Does VER-NEL Charitable Foundation Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on VER-NEL Charitable Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarship" (8 grants).
Who are VER-NEL Charitable Foundation Inc's largest grantees?
VER-NEL Charitable Foundation Inc's largest 2025 grantees include Auburn University Montgomery ($10,000), Auburn University ($5,000) and Columbus State University ($2,000), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($6,000), which are not listed by name. Together they received 62% of its itemized 2025 grant dollars.
How large is VER-NEL Charitable Foundation Inc?
VER-NEL Charitable Foundation Inc reported $457K in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is VER-NEL Charitable Foundation Inc's EIN?
VER-NEL Charitable Foundation Inc's EIN (Employer Identification Number) is 63-1203030. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 13, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in VER-NEL Charitable Foundation Inc's focus areas in our free grants database
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