//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Foundation Source Charitable Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2005. The principal officer is Foundation Source. It holds total assets of $24K. Annual income is reported at $25K. Total assets have grown from $1K in 2011 to $31K in 2022. The foundation is governed by 7 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 2016 to 2023. Grantmaking is concentrated in Connecticut. According to available records, Foundation Source Charitable Foundation Inc. has made 42 grants totaling $71K, with a median grant of $2K. Annual giving has decreased from $18K in 2021 to $3K in 2023. Grantmaking activity was highest in 2022 with $50K distributed across 28 grants. Individual grants have ranged from $1K to $3K, with an average award of $2K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Connecticut, California, Mississippi, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$2K
Average Grant
$2K
Largest Grant
$3K
Based on 14 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.
Foundation Source Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 42 grants. Its grantmaking reaches organizations primarily in CT, CA, MS.
Foundation Source Charitable Foundation Inc. has distributed a total of $71K across 42 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $1K to $3K.
Foundation Source Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foundation Source Charitable Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeannea Varrichio | Dir | $0 | $0 | N/A |
| Jeffrey D Haskell | VP | $0 | $0 | N/A |
| Erin Harrigan | VP | $0 | $0 | N/A |
| Tania Huete | Dir, Pres, Sec | $0 | $0 | N/A |
| Erica Perez | Dir, VP | $0 | $0 | N/A |
| Daniel Schreck | Dir, Treas | $0 | $0 | N/A |
| Mary Ann Stover | Dir | $0 | $0 | N/A |
Total Giving
$3K
Total Assets
$31K
Fair Market Value
$31K
Net Worth
$31K
Grants Paid
$3K
Contributions
$20K
Net Investment Income
$143
Distribution Amount
$957
Total Grants
42
Total Giving
$71K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
25
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Helping Hands OutreachGeneral & Unrestricted | Bridgeport, CT | $3K | 2022 |
| Bright Funds FoundationGeneral & Unrestricted | San Jose, CA | $3K | 2023 |
| K ValenzuelaHardship Assistance Grant | Bridgeport, CT | $3K | 2022 |
| International Rescue Committee IncIn support of the crisis in Ukraine | Albert Lea, MN | $3K | 2022 |
| Save The ChildrenUkraine Crisis Relief Fund | Guntown, MS | $3K | 2022 |
| T SwaidHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| W AlstonHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| D SerranoHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| E HentonHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| H GrossHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| J TorresHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| L AlstonHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| M RiveraHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| S RosadoHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| T LopesHardship Assistance Grant | Bridgeport, CT | $2K | 2022 |
| Bridgeport Rescue Mission IncGeneral & Unrestricted | Bridgeport, CT | $3K | 2021 |
| C GlennHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| Connecticut Institute For Refugees And ImmigrantsGeneral & Unrestricted | Bridgeport, CT | $1K | 2021 |
| A HeardHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| L QuarlesHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| R BarronHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| S JeffriesHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| L DerubisHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| B WilkesHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |
| C DavisHardship Assistance Grant | Bridgeport, CT | $1K | 2021 |