Vip Charitable Foundation Inc
Vip Charitable Foundation Inc is a private foundation, 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.
Vip Charitable Foundation Inc at a glance
In short: Vip Charitable Foundation Inc gave $54K across 5 grants in 2024 (avg $11K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $54,151
- +79.7% vs 2023
- Grants made (2024)
- 5
- +150.0% vs 2023
- Average grant
- $10,830
- -28.1% vs 2023
- Median grant
- $7,000
- Total assets
- $551,462
- -1.5% vs 2023
- Primary geography
- District of Columbia (55% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Vip Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was VFF-Vicente Ferrer Foundation ($30K). Together the top 5 received $54K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $9K (2022) to $54K (2024). In 2024 it made 5 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $551,462 | $48,745 | $56,861 | $54,151 | 5 | $54,679 | $48,207 | $65,952 |
| 2023 | $559,578 | $99,980 | $31,296 | $30,130 | 2 | $30,614 | $16,681 | $49,405 |
| 2022 | $490,894 | $117,798 | $10,386 | $9,387 | 3 | $9,795 | $12,528 | $43,798 |
| 2021 | $383,482 | $78,337 | $13,435 | $12,496 | 4 | $12,496 | $11,852 | $45,859 |
| 2020 | $318,580 | $93,162 | $40,397 | $39,561 | 3 | — | $11,112 | $36,892 |
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.
Leadership & Key People
Officers and directors from IRS filings
Vip Charitable Foundation Inc is led by Vipin Desai, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Vipin Desai
President
On filings since 2020
2 hrs/week
No compensation reported
Mital Desai
Member
On filings since 2020
2 hrs/week
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 Vip Charitable Foundation Inc
How much does Vip Charitable Foundation Inc give each year?
Vip Charitable Foundation Inc gave $54K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $30K across 2 grants.
What is Vip Charitable Foundation Inc's typical grant size?
Vip Charitable Foundation Inc's median grant in 2024 was $7,000, and its average grant was $10,830, across 5 grants on its 2024 IRS Form 990-PF.
Where does Vip Charitable Foundation Inc give grants?
Vip Charitable Foundation Inc gives mostly in District of Columbia: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Maryland (33%) and Virginia (13%).
Does Vip Charitable Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Vip Charitable Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Welfare" (5 grants).
Who are Vip Charitable Foundation Inc's largest grantees?
Vip Charitable Foundation Inc's largest 2024 grantees include VFF-Vicente Ferrer Foundation ($29,551), Friends of Sparsh ($12,000) and Toys for Tots ($7,000), according to its 2024 IRS Form 990-PF. Together they received 90% of its itemized 2024 grant dollars.
How large is Vip Charitable Foundation Inc?
Vip Charitable Foundation Inc reported $551K in total assets on its 2024 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Vip Charitable Foundation Inc's EIN?
Vip Charitable Foundation Inc's EIN (Employer Identification Number) is 52-2135024. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Vip Charitable Foundation Inc funds
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