Vip Charitable Foundation Inc

SILVER SPRINGS, MD EIN: 52-2135024

Vip Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SILVER SPRINGS, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $551K in total assets. In 2024, it awarded 5 grants totaling $54K. Net investment income was $48K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$551K

-1.5% YoY

Annual Giving

$54K

+79.7% YoY

Grant Count

+150.0% YoY

Avg Grant Size

$11K

-28.1% YoY

Under IRS private-foundation payout rules, Vip Charitable Foundation Inc reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.

About Vip Charitable Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

District of Columbia $90K (62%)

Maryland $18K (12%)

North Carolina $18K (12%)

New York $9K (6%)

Virginia $7K (5%)

New Jersey $5K (3%)

States

District of Columbia Maryland North Carolina New Jersey New York Virginia

Cities

BoydsEllicott CityFlushingHamiltonHighlandsMendhamPiscatawaySilver SpringTriangleWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$551,462	$559,578	$490,894
Revenue	$48,745	$99,980	$117,798
Expenses	$56,861	$31,296	$10,386
Qualifying Distributions	$54,679	$30,614	$9,795
Net Investment Income	$48,207	$16,681	$12,528
Distributable Amount	$65,952	$49,405	$43,798

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Vff-vicente Ferrer Foundation ($29,551), Friends of Sparsh ($12,000), Toys for Tots ($7,000).

Recipient	Purpose	Amount
SENIOR CONNECTION OF MONTGOMERY CO SILVER SPRING, MD	COMMUNITY WELFARE	$600
FRIENDS OF SPARSH ELLICOTT CITY, MD	COMMUNITY WELFARE	$12,000
VFF-VICENTE FERRER FOUNDATION WASHINGTON, DC	COMMUNITY WELFARE	$29,551
WARRIOR CANINE CONNECTION BOYDS, MD	COMMUNITY WELFARE	$5,000
TOYS FOR TOTS TRIANGLE, VA	COMMUNITY WELFARE	$7,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
VIPIN DESAI	PRESIDENT	2	—
MITAL DESAI	MEMBER	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Vip Charitable Foundation Inc?

Vip Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SILVER SPRINGS, MD. It holds $551K in total assets as of 2024.

How large is Vip Charitable Foundation Inc?

As of 2024, Vip Charitable Foundation Inc holds $551K in total assets with $49K in annual revenue. It awarded 5 grants totaling $54K in 2024.

Where does Vip Charitable Foundation Inc operate?

Vip Charitable Foundation Inc has awarded grants in District of Columbia, Maryland, North Carolina, New Jersey, New York, Virginia.

What size grants does Vip Charitable Foundation Inc award?

In 2024, Vip Charitable Foundation Inc awarded 5 grants totaling $54K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Vip Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Vip Charitable Foundation Inc reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.