Volpe Foundation is a private foundation focused on Education, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $367K in total assets. In 2024, it awarded 3 grants totaling $400K. Net investment income was $44.
Key facts about Volpe Foundation
In short: Volpe Foundation gave $400K across 3 grants in 2024 (avg $133K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 81-4721272
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $400,000
- Grants made (2024)
- 3
- Average grant
- $133,333
- Median grant
- $50,000
- Total assets
- $366,549
- Primary geography
- New York (93% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$367K
-48.5% YoY
Annual Giving
$400K
+45.5% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$133K
-51.5% YoY
Under IRS private-foundation payout rules, Volpe Foundation reported a distributable amount of $414 for 2024 — the minimum it must pay out in qualifying distributions.
How Volpe Foundation gives
- Giving grew 100% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $200K (2021) to $400K (2024). In 2024 it made 3 grants totaling $400K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Walsh Foundation ($320K). Together the top 3 received $400K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 6 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Walsh Foundation Olean, NY | PRI Loan Forgiveness | $320,000 |
| Archbishop Walsh High School Olean, NY | General & Unrestricted | $50,000 |
| Lehigh University Bethlehem, PA | General & Unrestricted | $30,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $366,549 | $711,581 | $724,549 |
| Revenue | $87,022 | $285,462 | $180,023 |
| Expenses | $432,054 | $298,430 | $328,639 |
| Qualifying Distributions | $99,642 | $286,038 | $307,746 |
| Net Investment Income | $44 | $13 | — |
| Distributable Amount | $414 | $456 | $5,997 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Volpe Foundation is led by Vincent R Volpe Jr., Director, President & Chairman since 2022 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Vincent R Volpe Jr.
Director, President & Chairman
Director, President & Chairman → Director, President & Chairman of the Board, 2021
Director, President & Chairman of the Board → Director, President & Chairman, 2022
On filings since 2020
1 hr/week
No compensation reported
Camille Volpe
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Christine Volpe
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Stephanie Lambert
Director & Treasurer
On filings since 2020
1 hr/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 Volpe Foundation
How much does Volpe Foundation give each year?
Volpe Foundation gave $400K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $275K across 1 grant.
What is Volpe Foundation's typical grant size?
Volpe Foundation's median grant in 2024 was $50,000, and its average grant was $133,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Volpe Foundation give grants?
Volpe Foundation gives mostly in New York: 93% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (8%). The most frequent recipient cities were Olean, NY (2 grants).
Does Volpe Foundation give general operating support?
Yes: 67% of Volpe Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Volpe Foundation?
Volpe Foundation reported $367K in total assets on its 2024 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $414 (roughly 5% of its investment assets).
What is Volpe Foundation?
Volpe Foundation is a private foundation focused on Education, based in Wilmington, DE. It holds $367K in total assets as of 2024.
What is Volpe Foundation's EIN?
Volpe Foundation's EIN (Employer Identification Number) is 81-4721272. 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.
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