Village Club Foundation

Private foundation · Grantmaker Needham, MA EIN: 04-3051023

Village Club Foundation is a private foundation, based in Needham, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $30K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $553.

Key facts about Village Club Foundation

In short: Village Club Foundation gave $4K across 2 grants in 2024 (avg $2K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.

EIN
04-3051023
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$4,000
Grants made (2024)
2
Average grant
$2,000
Median grant
$2,000
Total assets
$29,612
Primary geography
Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$30K

+1.7% YoY

Annual Giving

$4K

+0.0% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$2K

-50.0% YoY

Under IRS private-foundation payout rules, Village Club Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

How Village Club Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+0%). Method
  • In 2024 it paid out 278% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

Cities

Needham

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K2 grants2020 1 grant2021 1 grant2022 1 grant2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $4K (2021) to $10K (2020). In 2024 it made 2 grants totaling $4K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

7 grants across all recorded years

7<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 7 grants of 7 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
2 individual scholarships Recipients not named —$4,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$29,612$29,124$27,116
Revenue$4,488$6,008$5,044
Expenses$4,000$4,000$4,035
Qualifying Distributions$4,000$4,000$4,000
Net Investment Income$553$524$59
Distributable Amount$1,438$1,378$1,342

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Village Club Foundation is led by Robert Giumetti Jr., President since 2022 (on filings since 2020); none of the 9 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Robert Giumetti Jr.

    President

    President → Vice President, 2021

    Vice President → President, 2022

    On filings since 2020

    No compensation reported

  • Eric Woods

    Director

    On filings since 2020

    No compensation reported

  • Jerry Sharpe

    Director

    On filings since 2020

    No compensation reported

  • Michael Duffy

    Director

    On filings since 2020

    No compensation reported

  • Mike Fraini

    Director

    On filings since 2020

    No compensation reported

  • Tyler Cox

    Director

    On filings since 2020

    No compensation reported

  • Donald Anastasia

    Secretary

    On filings since 2020

    No compensation reported

  • Jay Steeves

    Vice President

    Vice President → President, 2021

    President → Vice President, 2022

    On filings since 2020

    No compensation reported

  • Robert Heald

    Treasurer

    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 Village Club Foundation

How much does Village Club Foundation give each year?

Village Club Foundation gave $4K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 1 grant.

How large is Village Club Foundation?

Village Club Foundation reported $30K in total assets on its 2024 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).

Where does Village Club Foundation operate?

Village Club Foundation has awarded grants in Massachusetts.

What is Village Club Foundation's EIN?

Village Club Foundation's EIN (Employer Identification Number) is 04-3051023. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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