Versacare Inc. is an independent private foundation established in 1990, with organizational roots dating back to 1951 as the Southern Florida Sanitarium and Hospital Corporation. After divesting its hospital holdings, the organization established The Versafund in 1989 to focus exclusively on grant-making. The foundation is a self-funded lay organization governed by a Board of Trustees comprised of both lay Adventists and present and former Adventist church employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$67.5M
+6.2% YoY
Annual Giving
$2.8M
+5.7% YoY
Grant Count
174
+23.4% YoY
Avg Grant Size
$16K
-14.3% YoY
Under IRS private-foundation payout rules, Versacare Inc reported a distributable amount of $3.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission Statement: Inspired by the example of Jesus and our Seventh-day Adventist heritage, the Versacare Foundation funds innovative programs and ministries that create loving and just communities.
The foundation supports projects consistent with the principles and mission of the Seventh-day Adventist Church. Priority is given to proposals that:
- Advance education and science
- Promote healthcare activities
- Assist the distressed and underprivileged
- Provide general community benefit
The foundation also provides a limited number of non-Seventh-day Adventist Church-related grants that are consistent with the mission of the Seventh-day Adventist Church.
Grantmaking
Grant Range
** $2,500–$40,000+ (larger grants available by invitation)
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Geographic Focus
Where this funder awards grants
The foundation's geographic focus includes:
- North America
- Central America
- Caribbean Islands
- Colombia
- Venezuela
- Micronesia
Grantmaking is concentrated in California, with significant activity in Florida and Tennessee. The foundation reaches organizations across 46 states, with California, Maryland, and Washington accounting for 31% of all grants.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $67.5 million (2024)
- Annual Income: $11.6 million
- Annual Giving: $2.7 million (2023: $2,686,854)
- Asset Growth: Total assets grew from $13.8 million in 2010 to $67.5 million in 2024
- Annual Distribution: Between $2.4 million and $5.2 million annually from 2020 to 2023; highest grantmaking activity in 2022 with $5.2 million distributed across 168 grants
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $67,492,992 | $63,581,302 | $60,632,834 |
| Revenue | $4,651,582 | $2,477,141 | $5,552,592 |
| Expenses | $3,554,265 | $3,347,632 | $3,076,306 |
| Qualifying Distributions | $3,128,710 | $2,872,566 | $2,570,821 |
| Net Investment Income | $4,037,945 | $2,070,507 | $5,246,679 |
| Distributable Amount | $3,133,385 | $2,964,450 | $3,006,519 |
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
250 grants across all recorded years
Open Grants
2 open opportunities from Versacare Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Adventist Health International Global Medical ($150,000), Andrews University ($60,000), Berean Transformation Center of Seventh-day Adventists ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 3PS CONNECT IRMO, SC | CHARITABLE | $25,000 |
| ABILENE JUNIOR ACADEMY ABILENE, TX | EDUCATION | $7,000 |
| ACTS OF KINDNESS SOCIETY | CHARITABLE | $20,000 |
| ADVENTIST CHRISTIAN SCHOOL OF MARYVILLE MARYVILLE, TN | EDUCATION | $5,000 |
| ADVENTIST CHRISTIAN SCHOOL OF YUBA CITY YUBA CITY, CA | EDUCATION | $5,000 |
| ADVENTIST COMMUNITY RESTORATION CENTER GREENSBORO, NC | CHARITABLE | $10,000 |
| ADVENTIST HEALTH INTERNATIONAL GLOBAL MEDICAL LOMA LINDA, CA | HEALTH | $150,000 |
| ADVENTIST YOUNG PROFESSIONALS ROCKVILLE, MD | RELIGIOUS | $5,000 |
| AFRICAN AMERICAN CHRISTIAN FOUNDATION OAK PARK, IL | HEALTH | $10,000 |
| AGAPE SEVENTH-DAY ADVENTIST CHURCH UNIVERSITY CITY, MO | CHARITABLE | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
Charles C. Sandefur – Chairman. Retired as Vice President for Outreach for the Central California Region of Adventist Health and former President of Adventist Development and Relief Agency (ADRA). Board member since 1985.
Tom Macomber – President/Secretary. Holds a Bachelor's Degree from Loma Linda University (1981) and JD from Willamette University College of Law (1984). Former trial and appellate lawyer. Host of Walkin' on Water, a weekly gospel bluegrass radio show. Board member since 2012; became President in 2017.
Ellen H. Broderson – Treasurer. CPA with extensive experience in business development and real estate projects. Board member since 1991.
Myrna Costa – Director. Served the North American Division from 1978 to 1998 as Director of Admissions and in other positions at La Sierra University. Served the Inter-American Division at Antillean Adventist University.
Staff:
- Kelly Jackson Daugherty – Program Director (kelly@versacare.org)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOM MACOMBER | PRESIDENT | 20 | $90,199 |
| DANETTE ZUREK | CFO | 5 | $35,463 |
| CHARLES C SANDEFUR | CHAIRMAN | 3 | $3,150 |
| ELLEN H BRODERSEN CPA | TREASURER | 4 | $3,159 |
| RICHARD WS PERSHING | SECRETARY | 3 | $3,150 |
| MYRNA COSTA | DIRECTOR | 2 | $2,250 |
| BRAD FORBES | DIRECTOR | 2 | $3,150 |
| DARRIEL HOY | DIRECTOR | 2 | $3,150 |
| MARISSA LESLIE | DIRECTOR | 2 | $3,150 |
| LISA BISSEL PAULSON | DIRECTOR | 2 | $3,150 |
| KARI STAUFFER | DIRECTOR | 3 | $3,150 |
Contact Information
- Website: www.versacare.org
- Phone: (951) 343-5800
- Address: 25745 Barton Road, Suite 515, Loma Linda, CA 92354
- EIN: 33-0052434
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Versacare Inc fund?
**Mission Statement:** Inspired by the example of Jesus and our Seventh-day Adventist heritage, the Versacare Foundation funds innovative programs and ministries that create loving and just communities. The foundation supports projects consistent with the principles and mission of the Seventh-day Adventist Church. Priority is given to proposals that: • Advance education and science • Promote healthcare activities • Assist the distressed and underprivileged • Provide general community benefit Th…
How do I apply for a grant from Versacare Inc?
**Grant Programs:** • **Journalism for Adventist Solutions (JAS):** $5,000–$15,000 (opens January 1, 2026; for qualified 501(c)(3) organizations headquartered in North America) • **K-12, STEM and STEAM:** Up to $10,000 (year-round applications from Seventh-day Adventist Conference- or congregation-sponsored schools) • **Catalyst Grant:** Year-round applications from Seventh-day Adventist denomination entities or affiliated ministries; funds awarded quarterly (only one grant per organization per…
Where does Versacare Inc make grants?
The foundation's geographic focus includes: • North America • Central America • Caribbean Islands • Colombia • Venezuela • Micronesia Grantmaking is concentrated in California, with significant activity in Florida and Tennessee. The foundation reaches organizations across 46 states, with California, Maryland, and Washington accounting for 31% of all grants.
What size grants does Versacare Inc award?
In 2024, Versacare Inc awarded 174 grants totaling $2.8M — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Versacare Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Versacare Inc reported a distributable amount of $3.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Versacare Inc's EIN?
Versacare Inc's EIN (Employer Identification Number) is 33-0052434. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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