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Growth Family Foundation is a private trust based in N HIGHLANDS, CA. The foundation received its IRS ruling in 2017. The principal officer is Vitaliy Serman. It holds total assets of $898K. Annual income is reported at $173K. Total assets have grown from $358K in 2019 to $704K 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 2018 to 2023. Grantmaking is concentrated in California. According to available records, Growth Family Foundation has made 11 grants totaling $84K, with a median grant of $9K. Annual giving has grown from $32K in 2020 to $53K in 2023. Individual grants have ranged from $720 to $22K, with an average award of $8K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in California and South Carolina and Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$720
Median Grant
$3K
Average Grant
$6K
Largest Grant
$17K
Based on 5 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.
Growth Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in CA, SC, TX.
Growth Family Foundation has distributed a total of $84K across 11 grants. The median grant size is $9K, with an average of $8K. Individual grants have ranged from $720 to $22K.
Growth Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Growth Family Foundation is headquartered in N HIGHLANDS, CA. While based in CA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vitaly Serman | DIRECTOR | $0 | $0 | N/A |
| Leonid Serman | DIRECTOR | $0 | $0 | N/A |
| Svetlana Serman | DIRECTOR | $0 | $0 | N/A |
Total Giving
$53K
Total Assets
$704K
Fair Market Value
$704K
Net Worth
$704K
Grants Paid
$53K
Contributions
$100K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
11
Total Giving
$84K
Average Grant
$8K
Median Grant
$9K
Unique Recipients
8
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tabernacle Of Salvation ChurchDONATION | Inman, SC | $22K | 2023 |
| Spring Of Life MinistreyDONATION | Sacramento, CA | $13K | 2023 |
| God Will Provide ChurchDONATION | Boerne, TX | $10K | 2023 |
| Spring Of Life ChurchDONATION | Orangevale, CA | $7K | 2023 |
| Gofund MeWIDOW ASSISTANCE | Redwood City, CA | $1K | 2023 |
| Spring Of Life MinistriesDONATION | Sacramento, CA | $17K | 2020 |
| Light Of The World ChurchDONATION | North Highlands, CA | $1K | 2020 |
| GoodhandsDONATION | North Highlands, CA | $720 | 2020 |
| Word To RussiaDONATION | West Sacramento, CA | — | 2020 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA