VSP Family Foundation Inc
VSP Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Key facts about VSP Family Foundation Inc
In short: VSP Family Foundation Inc gave $45K across 9 grants in 2024 (avg $5K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- EIN
- 82-4684625
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $45,000
- Grants made (2024)
- 9
- Average grant
- $5,000
- Median grant
- $5,000
- Total assets
- $1,612,714
- Primary geography
- Illinois (56% 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
$1.6M
+32.6% YoY
Annual Giving
$45K
+21.6% YoY
Grant Count
9
+50.0% YoY
Avg Grant Size
$5K
-18.9% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,612,714 | $1,216,546 | — |
| Revenue | $204,153 | $382,863 | $262,624 |
| Expenses | $47,926 | $38,141 | $37,515 |
| Qualifying Distributions | $45,000 | $37,000 | $35,000 |
| Net Investment Income | $71,889 | $47,490 | $44,820 |
| Distributable Amount | $42,882 | $31,914 | $31,905 |
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
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?
VSP Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Chicago, IL. It holds $1.6M in total assets as of 2024.
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.
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