Vg Legacy is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOLSOM, CA. IRS filing data is available for 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 3 grants totaling $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10K
Annual Giving
$9K
Grant Count
3
Avg Grant Size
$3K
Under IRS private-foundation payout rules, Vg Legacy reported a distributable amount of $132 for 2024 — the minimum it must pay out in qualifying distributions.
About Vg Legacy
Based on IRS filings
Vg Legacy is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOLSOM, CA. IRS filing data is available for 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 3 grants totaling $9K.
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 |
|---|---|
| Total Assets | $10,380 |
| Revenue | $32,917 |
| Expenses | $22,537 |
| Qualifying Distributions | $18,307 |
| Net Investment Income | — |
| Distributable Amount | $132 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lakeside Church ($8,554), Educational Media Foundation KLOVE ($500), World Vision ($312).
| Recipient | Purpose | Amount |
|---|---|---|
| Lakeside Church Folsom, CA | Support for ministry programs and community impact initiatives | $8,554 |
| Educational Media Foundation KLOVE Rocklin, CA | Support for Christian media impact | $500 |
| World Vision Federal Way, CA | Child sponsorship program | $312 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Vargas | CEO | 5 | $2,223 |
| Reigene Vargas | Co-CEO Treasurer | 5 | $2,779 |
| Roge Jermaineroeh Gonzales Vargas | Youth Adivsory Board Member | 20 | $1,861 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Vg Legacy?
Vg Legacy is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FOLSOM, CA. It holds $10K in total assets as of 2024.
How large is Vg Legacy?
As of 2024, Vg Legacy holds $10K in total assets with $33K in annual revenue. It awarded 3 grants totaling $9K in 2024.
Where does Vg Legacy operate?
Vg Legacy has awarded grants in California.
What size grants does Vg Legacy award?
In 2024, Vg Legacy awarded 3 grants totaling $9K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Vg Legacy required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vg Legacy reported a distributable amount of $132 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Vg Legacy's EIN?
Vg Legacy's EIN (Employer Identification Number) is 99-3894004. IRS Form 990 filing data is available on this page for 2024.
Explore Open Grants
Browse active grant opportunities in Vg Legacy's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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