Volpe Foundation
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.
Volpe Foundation at a glance
In short: Volpe Foundation gave $400K across 3 grants in 2024 (avg $133K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $400,000
- +45.5% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $133,333
- -51.5% vs 2023
- Median grant
- $50,000
- Total assets
- $366,549
- -48.5% vs 2023
- Primary geography
- New York (93% 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 Volpe Foundation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
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.
Giving History
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.
Grants by year
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 |
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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 | $366,549 | $87,022 | $432,054 | $400,000 | 3 | $99,642 | $44 | $414 |
| 2023 | $711,581 | $285,462 | $298,430 | $275,000 | 1 | $286,038 | $13 | $456 |
| 2022 | $724,549 | $180,023 | $328,639 | $290,000 | 1 | $307,746 | — | $5,997 |
| 2021 | $873,165 | $35,520 | $229,846 | $200,000 | 1 | $214,970 | — | $39,347 |
| 2020 | $1,067,491 | $330,019 | $30,470 | — | — | — | — | $43,159 |
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.
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.
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 Volpe Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Volpe Foundation's focus areas in our free grants database
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