Vernon Family Charitable Foundation Inc

WILMINGTON, DE EIN: 88-3266151

Vernon Family Charitable Foundation Inc is a private foundation focused on Education, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 12 grants totaling $53K. Net investment income was $271K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+53.6% YoY

Annual Giving

$53K

Grant Count

Avg Grant Size

$4K

Under IRS private-foundation payout rules, Vernon Family Charitable Foundation Inc reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.

About Vernon Family Charitable Foundation Inc

Based on IRS filings

Focus Areas

Education

Ready to take the next step with Vernon Family Charitable Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $53K (100%)

States

Florida

Cities

DavieFort LauderdaleFt LauderdaleHollywoodLighthouse Point

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,169,247	$761,304	$599,152
Revenue	$483,075	$181,700	$604,152
Expenses	$75,132	$19,548	$5,000
Qualifying Distributions	$64,139	$8,611	$5,000
Net Investment Income	$270,937	$434,391	—
Distributable Amount	$45,690	$31,364	$2,009

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

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Childrens Diagnostic & Treatment Center Inc ($10,000), United Jewish Community of Broward County Inc ($10,000), United Jewish Community of Broward County Inc ($5,000).

Recipient	Purpose	Amount
BROWARD PARTNERSHIP FOR THE HOMELESS INC FT LAUDERDALE, FL	General & Unrestricted	$2,500
BROWARD PERFORMING ARTS FOUNDATION INC FT LAUDERDALE, FL	General & Unrestricted	$2,500
CHILDRENS DIAGNOSTIC & TREATMENT CENTER INC FT LAUDERDALE, FL	Charitable Event	$10,000
FLAMINGO GARDENS INC DAVIE, FL	General & Unrestricted	$2,500
FUNDING ARTS BROWARD INC FT LAUDERDALE, FL	General & Unrestricted	$2,500
JOE DIMAGGIO CHILDRENS HOSPITAL FOUNDATION INC HOLLYWOOD, FL	General & Unrestricted	$2,500
LADY LUCK ANIMAL RESCUE INC LIGHTHOUSE POINT, FL	General & Unrestricted	$2,500
UNITED JEWISH COMMUNITY OF BROWARD COUNTY INC DAVIE, FL	Jewish and Family Care Options (JAFCO) Fund	$5,000
UNITED JEWISH COMMUNITY OF BROWARD COUNTY INC DAVIE, FL	Friendship Circle Fund	$5,000
UNITED JEWISH COMMUNITY OF BROWARD COUNTY INC DAVIE, FL	Giborim Fund	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Ira Vernon	Dir	1	—
Lauren Vernon	Dir, Pres, Sec, Treas	1	—
Paula Vernon	Dir	1	—
Penny Vernon	Dir, VP	1	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Vernon Family Charitable Foundation Inc?

Vernon Family Charitable Foundation Inc is a private foundation focused on Education, based in WILMINGTON, DE. It holds $1.2M in total assets as of 2024.

How large is Vernon Family Charitable Foundation Inc?

As of 2024, Vernon Family Charitable Foundation Inc holds $1.2M in total assets with $483K in annual revenue. It awarded 12 grants totaling $53K in 2024.

Where does Vernon Family Charitable Foundation Inc operate?

Vernon Family Charitable Foundation Inc has awarded grants in Florida.

What size grants does Vernon Family Charitable Foundation Inc award?

In 2024, Vernon Family Charitable Foundation Inc awarded 12 grants totaling $53K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Vernon Family Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Vernon Family Charitable Foundation Inc reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Vernon Family Charitable Foundation Inc's EIN?

Vernon Family Charitable Foundation Inc's EIN (Employer Identification Number) is 88-3266151. IRS Form 990 filing data is available on this page for 2022–2024.