VSP Family Foundation Inc
VSP Family Foundation Inc is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 9 grants totaling $45K. Net investment income was $72K.
VSP Family Foundation Inc at a glance
In short: VSP Family Foundation Inc gave $45K across 9 grants in 2024 (avg $5K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $45,000
- +21.6% vs 2023
- Grants made (2024)
- 9
- +50.0% vs 2023
- Average grant
- $5,000
- -18.9% vs 2023
- Median grant
- $5,000
- Total assets
- $1,612,714
- +32.6% vs 2023
- Primary geography
- Illinois (56% 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 VSP Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Loyola Medicine ($10K). Together the top 9 received $45K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
How VSP Family Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 it paid out 105% of 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 2020 to 2024, annual grant giving ranged from $15K (2020) to $50K (2021). In 2024 it made 9 grants totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Loyola Medicine Maywood, IL | Medical Research | $10,000 |
| Doctors Without Borders New York, NY | Medical Services | $5,000 |
| Mercy Ships Garden Valley, TX | Medical Services | $5,000 |
| Direct Relief Santa Barbara, CA | Medical Services | $5,000 |
| Shriners Hospitals Tampa, FL | Medical Services | $5,000 |
| Silvercross Foundation New Lenox, IL | Medical Services | $5,000 |
| Greater Chicago Food Depository Chicago, IL | Food Insecurity Relief | $3,500 |
| Make a Wish Foundation Chicago, IL | Medical Services | $3,500 |
| Wounded Warrior Project Chicago, IL | Veterans Support | $3,000 |
Ready to take the next step with VSP Family Foundation Inc?
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 | $1,612,714 | $204,153 | $47,926 | $45,000 | 9 | $45,000 | $71,889 | $42,882 |
| 2023 | $1,216,546 | $382,863 | $38,141 | $37,000 | 6 | $37,000 | $47,490 | $31,914 |
| 2022 | — | $262,624 | $37,515 | $35,000 | 7 | $35,000 | $44,820 | $31,905 |
| 2021 | — | $57,720 | $52,507 | $50,000 | 6 | $50,000 | $57,720 | $34,064 |
| 2020 | — | $41,901 | $17,488 | $15,100 | 7 | — | $44,472 | $28,114 |
Under IRS private-foundation payout rules, VSP Family Foundation Inc reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
VSP Family Foundation Inc is led by Vinodrai M. Patel, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Vinodrai M. Patel
President
On filings since 2020
1 hr/week
No compensation reported
Amee V. Patel
Vice President
On filings since 2020
1 hr/week
No compensation reported
Nimesh V. Patel
Vice President
On filings since 2020
1 hr/week
No compensation reported
Nisha V. Patel
Vice President
On filings since 2020
1 hr/week
No compensation reported
Shaku Patel
Secretary
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 VSP Family Foundation Inc
How much does VSP Family Foundation Inc give each year?
VSP Family Foundation Inc gave $45K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $37K across 6 grants.
What is VSP Family Foundation Inc's typical grant size?
VSP Family Foundation Inc's median grant in 2024 was $5,000, and its average grant was $5,000, across 9 grants on its 2024 IRS Form 990-PF.
Where does VSP Family Foundation Inc give grants?
VSP Family Foundation Inc gives mostly in Illinois: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (11%) and Texas (11%). The most frequent recipient cities were Chicago, IL (3 grants).
Does VSP Family Foundation Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on VSP Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Medical Services" (6 grants).
Who are VSP Family Foundation Inc's largest grantees?
VSP Family Foundation Inc's largest 2024 grantees include Loyola Medicine ($10,000), Doctors Without Borders ($5,000) and Mercy Ships ($5,000), according to its 2024 IRS Form 990-PF. Together they received 44% of its itemized 2024 grant dollars.
How large is VSP Family Foundation Inc?
VSP Family Foundation Inc reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $43K (roughly 5% of its investment assets).
What is VSP Family Foundation Inc's EIN?
VSP Family Foundation Inc's EIN (Employer Identification Number) is 82-4684625. 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 VSP Family Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in VSP Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Illinois
McKesson Foundation Inc
Dallas, TX
The McKesson Foundation funds cancer support and care, healthcare workforce pathways, and emergency response, with grants mainly supporting organizations in the United States and Canada. Its 2025 grants had a median of $100,000, though amounts ranged from $10,000 to about $2.47 million. Its filing says it does not accept unsolicited requests, while its application page describes an online application process with stated submission windows.
Assets
$1.6M
Grants
76
Total Given
$16.6M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds eligible nonprofits working to narrow the wealth gap and meet urgent needs, with priorities including economic mobility, education, jobs, homeownership, and community development in metropolitan Chicago and Cook County. Its 2025 grants had a median of $26,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
The Allstate Foundation
Northbrook, IL
The Allstate Foundation funds youth empowerment, efforts to prevent and address relationship abuse, nonprofit leadership, and related economic opportunity and equity work. Its 2024 grants ranged from $250 to $2 million, with a median of $1,000, and awards must support work in the United States. It accepts proposals from organizations beyond a preselected list; proposals are reviewed as received.
Assets
$89.3M
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
The Elks National Foundation funds scholarships, youth programs, veterans’ services, and charitable projects through Elks Lodges and state associations across the United States. Its 2026 grants had a median size of $10,000, though awards varied widely; the profile describes application routes for specific Lodge and scholarship programs but does not state whether it accepts unsolicited requests.
Assets
$954.1M
Grants
1,536
Total Given
$36.5M
John D and Catherine T Macarthur Foundation
Chicago, IL
The MacArthur Foundation funds work advancing a more just, verdant, and peaceful world, including climate solutions, criminal justice, journalism, technology, and Chicago. In 2024, its grants had a median of $160,000, though awards ranged widely; it generally does not accept unsolicited requests, with possible exceptions for specific open calls or proposals that meet program guidelines.
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from VSP Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
VSP Family Foundation Inc down — hundreds of funders to go?