Vestcor Family Foundation Inc
Vestcor Family Foundation Inc is a private foundation based in Jacksonville, Florida. Its 2024 filing reports 14 grants totaling $550,597, including grants to educational institutions, a museum, health and community organizations, and other charitable organizations.
Vestcor Family Foundation Inc at a glance
In short: Vestcor Family Foundation Inc gave $551K across 14 grants in 2024 (avg $39K), mostly in Florida. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $550,597
- +146.5% vs 2023
- Grants made (2024)
- 14
- -36.4% vs 2023
- Average grant
- $39,328
- +287.4% vs 2023
- Median grant
- $7,500
- Total assets
- $8,387,531
- -9.4% vs 2023
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2024; small sample)
- Primary geography
- Florida (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Vestcor Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 1649 Atlantic Blvd, Jacksonville, FL 32207
Phone: (904) 260-3030
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Vestcor Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Jacksonville Classical Academy East ($220K). Together the top 10 received $538K.
Grant Size Distribution
96 grants across all recorded years
The most common grant size was under $50K: 92 grants of 96 (96%).
Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Florida and 2% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is Vestcor Family Foundation Inc open to new grantees?
21%
first-time grantees, 2024
In 2024, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $75K; repeat grants $30K. How we count
Medians: $3K first-time, $10K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving grew 234% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $159K (2020) to $551K (2024). In 2024 it made 14 grants totaling $551K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jacksonville Classical Academy East Jacksonville, FL | General Fund | $220,314 |
| Jacksonville Classical Academy Jacksonville, FL | General Fund | $190,100 |
| Flagler College St Augustine, FL | General Fund | $57,183 |
| Museum of Science and History Jacksonville, FL | General Fund | $25,000 |
| Believe in a Cure Inc Port Washington, NY | General Fund | $10,000 |
| Foundation for Excellence in Education Tallahassee, FL | General Fund | $10,000 |
| Tiger Academy Jacksonville, FL | General Fund | $10,000 |
| James Madison Institute Tallahassee, FL | General Fund | $5,000 |
| NAMI Jacksonville Jacksonville, FL | General Fund | $5,000 |
| True North Classical Academy Miami, FL | General Fund | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $8,387,531 | $372,561 | $1,104,338 | $550,597 | 14 | $1,098,165 | $324,316 | $100,856 |
| 2023 | $9,254,412 | $144,863 | $616,700 | $223,350 | 22 | $611,892 | $98,913 | $148,186 |
| 2022 | $9,643,057 | $78,460 | $1,304,131 | $508,950 | 18 | $1,300,035 | $29,210 | $210,677 |
| 2021 | $8,815,742 | $870 | $283,251 | $164,765 | 20 | $277,590 | $568 | $16,851 |
| 2020 | $9,127,212 | $21,196 | $245,410 | $158,950 | 22 | — | $20,196 | $21,796 |
Under IRS private-foundation payout rules, Vestcor Family Foundation Inc reported a distributable amount of $101K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included substantial support for Jacksonville Classical Academy East and Jacksonville Classical Academy. Those grantees describe their missions as providing education in the liberal arts and sciences, with instruction in moral character and civic virtue. Flagler College describes its mission as providing an exceptional education and preparing students to be responsible citizens and visionary leaders.
Other 2024 recipients included organizations whose stated missions include supporting people with FOXG1 syndrome and other rare diseases (Believe in a Cure), providing a classical liberal arts education (True North Classical Academy), and inspiring young people to succeed in a global economy (Junior Achievement of North Florida).
Grantmaking
In 2024, the foundation made 14 grants totaling $550,597. Grant amounts ranged from $2,000 to $220,314, with a median grant of $7,500. The largest grants were $220,314 to Jacksonville Classical Academy East, $190,100 to Jacksonville Classical Academy, $57,183 to Flagler College, and $25,000 to the Museum of Science and History. Each was listed for the general fund.
Other 2024 grants included $10,000 each to Believe in a Cure, the Foundation for Excellence in Education, and Tiger Academy; $5,000 each to the James Madison Institute, NAMI Jacksonville, True North Classical Academy, and UF Health Jacksonville; and $3,000 to Bahama Village Community Coalition. The grant to UF Health Jacksonville was designated “A Night for Heroes.” The Miami Foundation received $3,000, and Junior Achievement of North Florida received $2,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jennifer R. Hoover as director and president, Jason O. Floyd as vice president, and Holly R. Hepler and John D. Rood as directors.
Vestcor Family Foundation Inc is led by Jennifer R. Hoover, Director & President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jennifer R. Hoover
Director & President
On filings since 2020
No compensation reported
Holly R. Hepler
Director
On filings since 2020
No compensation reported
John D. Rood
Director
On filings since 2020
No compensation reported
Jason O. Floyd
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Vestcor Family Foundation Inc
How much does Vestcor Family Foundation Inc give each year?
Vestcor Family Foundation Inc gave $551K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $223K across 22 grants.
What is Vestcor Family Foundation Inc's typical grant size?
Vestcor Family Foundation Inc's median grant in 2024 was $7,500, and its average grant was $39,328, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Vestcor Family Foundation Inc that year got $75K on average.
Where does Vestcor Family Foundation Inc give grants?
Vestcor Family Foundation Inc gives mostly in Florida: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Jacksonville, FL (7 grants), Tallahassee, FL (2 grants) and Miami, FL (2 grants).
Does Vestcor Family Foundation Inc give general operating support?
Yes: 86% of Vestcor Family Foundation Inc's 2024 grants with a stated purpose (12 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Vestcor Family Foundation Inc's largest grantees?
Vestcor Family Foundation Inc's largest 2024 grantees include Jacksonville Classical Academy East ($220,314), Jacksonville Classical Academy ($190,100) and Flagler College ($57,183), according to its 2024 IRS Form 990-PF. Together they received 85% of its itemized 2024 grant dollars.
How large is Vestcor Family Foundation Inc?
Vestcor Family Foundation Inc reported $8.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $101K (roughly 5% of its investment assets).
What does Vestcor Family Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included substantial support for Jacksonville Classical Academy East and Jacksonville Classical Academy. See mission & focus areas ↑
How do I apply for a grant from Vestcor Family Foundation Inc?
The foundation does not accept unsolicited requests for funds; it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Vestcor Family Foundation Inc's EIN?
Vestcor Family Foundation Inc's EIN (Employer Identification Number) is 65-1197315. IRS Form 990 filing data is available on this page for 2020–2024.
Does Vestcor Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Vestcor Family Foundation Inc funds
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Cite this profile
Grantable. (2026). Vestcor Family Foundation Inc funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/vestcor-family-foundation-inc-morg_e6e4bfe92ede41c69b23166f474d0e3c
BibTeX
@misc{grantable_651197315_2026,
author = {{Grantable}},
title = {{Vestcor Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/vestcor-family-foundation-inc-morg_e6e4bfe92ede41c69b23166f474d0e3c},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Vestcor Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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