Vital Foundation Inc
Vital Foundation Inc is a private foundation, based in Beech Grove, IN. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $10.9M in total assets. In 2025, it awarded 3 grants totaling $237K. Net investment income was $286K.
Key facts about Vital Foundation Inc
In short: Vital Foundation Inc gave $237K across 3 grants in 2025 (avg $79K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 99-2658080
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $237,035
- Grants made (2025)
- 3
- Average grant
- $79,012
- Median grant
- $1,035
- Total assets
- $10,934,161
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$10.9M
+8.2% YoY
Annual Giving
$237K
Grant Count
3
Avg Grant Size
$79K
Under IRS private-foundation payout rules, Vital Foundation Inc reported a distributable amount of $518K for 2025 — the minimum it must pay out in qualifying distributions.
How Vital Foundation Inc gives
- In 2025 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 3 grants totaling $237K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Neighborhood Charter Network ($235K). Together the top 3 received $237K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Neighborhood Charter Network Indianapolis, IN | General Purposes | $235,000 |
| Teachers for America Indianapolis, IN | General Purposes | $1,035 |
| The Mind Trust Indianapolis, IN | General Purposes | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 |
|---|---|---|
| Total Assets | $10,934,161 | $10,107,241 |
| Revenue | $1,363,587 | $10,125,554 |
| Expenses | $538,433 | $20,074 |
| Qualifying Distributions | $429,596 | — |
| Net Investment Income | $286,192 | $104,240 |
| Distributable Amount | $518,414 | $217,126 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal year 2024
Leadership & Key People
Officers and directors from IRS filings
Vital Foundation Inc is led by Kelly Herron, President on every filing since 2024; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Kelly Herron
President
On filings since 2024
30 hrs/week
$191K (2025)
Lindsey Rinehart
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Matthew Zentz
Secretary
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $191K, to Kelly Herron (President).
Frequently asked questions about Vital Foundation Inc
How much does Vital Foundation Inc give each year?
Vital Foundation Inc gave $237K across 3 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Vital Foundation Inc's typical grant size?
Vital Foundation Inc's median grant in 2025 was $1,035, and its average grant was $79,012, across 3 grants on its 2025 IRS Form 990-PF.
Where does Vital Foundation Inc give grants?
Vital Foundation Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (3 grants).
Does Vital Foundation Inc give general operating support?
Yes: 100% of Vital Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Vital Foundation Inc?
Vital Foundation Inc reported $10.9M in total assets on its 2025 IRS Form 990-PF. It paid out $430K in qualifying distributions that year, against a required minimum of $518K (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 Vital Foundation Inc's EIN?
Vital Foundation Inc's EIN (Employer Identification Number) is 99-2658080. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Vital Foundation Inc by hand.
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