Volpe Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 81-4721272

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

2states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

OleanBethlehem

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2020 1 grant2021 1 grant2022 1 grant2023 3 grants2024

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

Walsh Foundation: $320KWalsh Foundation$320KArchbishop Walsh High School: $50KArchbishop Walsh High School$50KLehigh University: $30KLehigh University$30K

The largest 2024 recipient was Walsh Foundation ($320K). Together the top 3 received $400K.

Grant Size Distribution

6 grants across all recorded years

1<$50K1$50–100K1$100–250K3$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 3 grants of 6 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Walsh Foundation Olean, NYPRI Loan Forgiveness$320,000
Archbishop Walsh High School Olean, NYGeneral & Unrestricted$50,000
Lehigh University Bethlehem, PAGeneral & Unrestricted$30,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
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

  1. 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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