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Ergon Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2013. The principal officer is Foundation Source. It holds total assets of $20.6M. Annual income is reported at $5.3M. Total assets have grown from $3M in 2012 to $20M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Funding is distributed across 4 states, including Virginia, Texas, Florida. According to available records, Ergon Foundation has made 28 grants totaling $1.6M, with a median grant of $33K. Annual giving has grown from $725K in 2020 to $881K in 2022. Individual grants have ranged from $3K to $270K, with an average award of $57K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Virginia, District of Columbia, Florida, which account for 43% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$6K
Median Grant
$38K
Average Grant
$60K
Largest Grant
$270K
Based on 12 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Ergon Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 28 grants. Its grantmaking reaches organizations primarily in VA, DC, FL.
Ergon Foundation has distributed a total of $1.6M across 28 grants. The median grant size is $33K, with an average of $57K. Individual grants have ranged from $3K to $270K.
Ergon Foundation typically selects its grantees rather than accepting unsolicited proposals.
Ergon Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ashley Glover | Dir, VP | $0 | $0 | N/A |
| John Drummond Sr | Dir, VP | $0 | $0 | N/A |
| John Drummond Jr | Pres, Dir, Sec | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$20M
Fair Market Value
$25.4M
Net Worth
$19.9M
Grants Paid
$931K
Contributions
$2M
Net Investment Income
$520K
Distribution Amount
$1.1M
Total: $16.2M
Total Grants
28
Total Giving
$1.6M
Average Grant
$57K
Median Grant
$33K
Unique Recipients
12
Most Common Grant
$12K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Manas Development GroupGeneral & Unrestricted | Washington, DC | $250K | 2022 |
| International Mission Board Of The Southern BaptisSending East Asian Missionaries Project | Richmond, VA | $230K | 2022 |
| Grace Covenant Church Of Bay CountyGeneral & Unrestricted | Panama City, FL | $102K | 2022 |
| Reaching And Teaching International Ministries IncThe Trellis Project | Wheaton, IL | $50K | 2022 |
| Pillar Church Planting NetworkResidency Fund | Wake Forest, NC | $50K | 2022 |
| Cross Vision MissionsGeneral & Unrestricted | Tyler, TX | $45K | 2022 |
| Eastern European Childrens OutreachincGeneral & Unrestricted | Indianapolis, IN | $12K | 2022 |
| Be Love Orphan Outreach Missions IncGeneral & Unrestricted | Acworth, GA | $12K | 2022 |
| Footprints Abroad International MinistriesGeneral & Unrestricted | Arab, AL | $10K | 2022 |
| Fellowship Of Christian AthletesWalker-North Jefferson Co, AL | Kansas City, MO | $9K | 2022 |
| Pca Mission To North AmericaRedeemer Presbyterian Church | Charlotte, NC | $6K | 2022 |
| St Andrew Baptist Church IncEast Asia Missionary Fund | Panama City, FL | $8K | 2020 |