Ver-nel Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SELMA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $472K in total assets. In 2024, it awarded 7 grants totaling $30K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$472K
-3.3% YoY
Annual Giving
$30K
+8.3% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$4K
+23.7% YoY
Under IRS private-foundation payout rules, Ver-nel Charitable Foundation Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Ver-nel Charitable Foundation Inc
Based on IRS filings
Ver-nel Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SELMA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $472K in total assets. In 2024, it awarded 7 grants totaling $30K. Net investment income was $16K.
Focus Areas
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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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $472,211 | $488,472 | $495,335 |
| Revenue | $22,881 | $26,288 | $29,233 |
| Expenses | $39,142 | $36,651 | $40,909 |
| Qualifying Distributions | $32,035 | $29,703 | $32,404 |
| Net Investment Income | $15,774 | $19,340 | $28,667 |
| Distributable Amount | $29,391 | $32,005 | $29,546 |
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
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Auburn University Montgomery ($9,000), Central Alabama Community College ($6,000), Auburn University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUBURN UNIVERSITY AUBURN, AL | EDUCATIONAL SCHOLARSHIP | $5,000 |
| AUBURN UNIVERSITY MONTGOMERY MONTGOMERY, AL | EDUCATIONAL SCHOLARSHIP | $9,000 |
| CENTRAL ALABAMA COMMUNITY COLLEGE ALEXANDER CITY, AL | EDUCATIONAL SCHOLARSHIP | $6,000 |
| FRESNO CITY COLLEGE FRESNO, CA | EDUCATIONAL SCHOLARSHIP | $2,160 |
| SOUTHERN UNION COMMUNITY COLLEGE WADLEY, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| UNIVERSITY OF SOUTH CAROLINA COLUMBIA, SC | EDUCATIONAL SCHOLARSHIP | $3,000 |
| MOREHOUSE SCHOOL OF MEDICINE ATLANTA, GA | EDUCATIONAL SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA CAMPBELL | DIRECTOR | — | — |
| MARY JO WARREN | DIRECTOR | — | — |
| YVONNE W LEE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ver-nel Charitable Foundation Inc?
Ver-nel Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SELMA, AL. It holds $472K in total assets as of 2024.
How large is Ver-nel Charitable Foundation Inc?
As of 2024, Ver-nel Charitable Foundation Inc holds $472K in total assets with $23K in annual revenue. It awarded 7 grants totaling $30K in 2024.
Where does Ver-nel Charitable Foundation Inc operate?
Ver-nel Charitable Foundation Inc has awarded grants in Alabama, California, District of Columbia, Georgia, Louisiana, Mississippi, South Carolina, Tennessee, Virginia.
What size grants does Ver-nel Charitable Foundation Inc award?
In 2024, Ver-nel Charitable Foundation Inc awarded 7 grants totaling $30K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Ver-nel Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ver-nel Charitable Foundation Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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