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.
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.
About Vsp Family Foundation Inc
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
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
Among its reported 2024 grants, the largest include Loyola Medicine ($10,000), Doctors Without Borders ($5,000), Mercy Ships ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DOCTORS WITHOUT BORDERS NEW YORK, NY | MEDICAL SERVICES | $5,000 |
| LOYOLA MEDICINE MAYWOOD, IL | MEDICAL RESEARCH | $10,000 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VINODRAI M PATEL | PRESIDENT | 1 | — |
| SHAKU PATEL | SECRETARY | 1 | — |
| NISHA V PATEL | VICE PRESIDE | 1 | — |
| AMEE V PATEL | VICE PRESIDE | 1 | — |
| NIMESH V PATEL | VICE PRESIDE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Vsp Family Foundation Inc?
As of 2024, Vsp Family Foundation Inc holds $1.6M in total assets with $204K in annual revenue. It awarded 9 grants totaling $45K in 2024.
Where does Vsp Family Foundation Inc operate?
Vsp Family Foundation Inc has awarded grants in Arkansas, Arizona, California, District of Columbia, Florida, Illinois, Kansas, Kentucky, Minnesota, New York, Ohio, Texas, Virginia.
What size grants does Vsp Family Foundation Inc award?
In 2024, Vsp Family Foundation Inc awarded 9 grants totaling $45K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Vsp Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Vsp Family Foundation Inc reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Vsp Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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