Vip Charitable Foundation Inc
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
5
+150.0% YoY
Avg Grant Size
$11K
-28.1% YoY
About Vip Charitable Foundation Inc
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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