Vernon O Sipe Charitable
Vernon O Sipe Charitable is a private foundation, based in Saint Louis, MO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 3 grants totaling $60K. Net investment income was $22K.
Vernon O Sipe Charitable at a glance
In short: Vernon O Sipe Charitable gave $60K across 3 grants in 2025 (avg $20K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $60,000
- +3.4% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $20,000
- +3.4% vs 2024
- Median grant
- $6,000
- Total assets
- $1,151,102
- -4.0% vs 2024
- Primary geography
- North Carolina (100% 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 Vernon O Sipe Charitable funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Sipes Orchard Home Inc ($48K). Together the top 3 received $60K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 12 grants of 15 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Vernon O Sipe Charitable gives
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 90% 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 2020 to 2025, annual grant giving ranged from $58K (2024) to $65K (2020). In 2025 it made 3 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sipes Orchard Home Inc Conover, NC | General Operating | $48,000 |
| Lenoir Rhyne University Hickory, NC | General Operating | $6,000 |
| Mt Zion Lutheran Church Conover, NC | General Operating | $6,000 |
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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 | $1,151,102 | $33,946 | $82,539 | $60,000 | 3 | $63,085 | $21,973 | $70,117 |
| 2024 | $1,199,643 | $57,125 | $78,786 | $58,000 | 3 | $61,254 | $33,568 | $64,889 |
| 2023 | $1,221,380 | $22,340 | $97,592 | $64,500 | 3 | $67,526 | $20,629 | $63,260 |
| 2022 | $1,296,599 | $497,143 | $90,343 | $64,750 | 3 | $67,827 | $474,627 | $62,054 |
| 2021 | $890,198 | $27,951 | $87,832 | $63,000 | 3 | — | $12,145 | $65,242 |
| 2020 | $950,111 | $108,200 | $92,230 | $64,876 | 3 | — | $86,871 | $59,376 |
Under IRS private-foundation payout rules, Vernon O Sipe Charitable reported a distributable amount of $70K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Vernon O Sipe Charitable's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Wells Fargo Bank N A
Trustee
On filings since 2020
1 hr/week
$18K (2020) → $19K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $19K, to Wells Fargo Bank N a (Trustee).
Frequently asked questions about Vernon O Sipe Charitable
How much does Vernon O Sipe Charitable give each year?
Vernon O Sipe Charitable gave $60K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $58K across 3 grants.
What is Vernon O Sipe Charitable's typical grant size?
Vernon O Sipe Charitable's median grant in 2025 was $6,000, and its average grant was $20,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Vernon O Sipe Charitable give grants?
Vernon O Sipe Charitable gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Conover, NC (2 grants).
Does Vernon O Sipe Charitable give general operating support?
Yes: 100% of Vernon O Sipe Charitable's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Vernon O Sipe Charitable?
Vernon O Sipe Charitable reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $70K (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 Vernon O Sipe Charitable's EIN?
Vernon O Sipe Charitable's EIN (Employer Identification Number) is 56-6416579. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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