Vip Charitable Foundation Inc

Foundation · Grantmaker 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.

Key facts about Vip Charitable Foundation Inc

EIN: 52-2135024
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $54,151
Grants made (2024): 5
Average grant: $10,830
Median grant: $7,000
Total assets: $551,462
Primary geography: District of Columbia (55% of itemized 2024 grant dollars)

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

Who Vip Charitable Foundation Inc funds

By grant dollars, the top recipient states for Vip Charitable Foundation Inc's 5 itemized 2024 grants were District of Columbia (55%), Maryland (33%) and Virginia (13%). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "Community Welfare" (5 grants).

How Vip Charitable Foundation Inc gives

Giving grew 333% from 2021 to 2024. Method
In 2024 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

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

Next steps with Vip Charitable Foundation Inc

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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 $30K (55%)

Maryland $18K (33%)

Virginia $7K (13%)

Share of all 5 itemized 2024 grant dollars.

States

District of Columbia Maryland North Carolina New Jersey New York Virginia

Cities

WashingtonPiscatawayHighlandsBoydsEllicott CityFlushingHamiltonMendhamSilver SpringTriangle

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include VFF-Vicente Ferrer Foundation ($29,551), Friends of Sparsh ($12,000), Toys for Tots ($7,000).

Recipient	Purpose	Amount
VFF-VICENTE FERRER FOUNDATION Washington, DC	COMMUNITY WELFARE	$29,551
FRIENDS OF SPARSH Ellicott City, MD	COMMUNITY WELFARE	$12,000
TOYS FOR TOTS Triangle, VA	COMMUNITY WELFARE	$7,000
WARRIOR CANINE CONNECTION Boyds, MD	COMMUNITY WELFARE	$5,000
SENIOR CONNECTION OF MONTGOMERY CO Silver Spring, MD	COMMUNITY WELFARE	$600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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.