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Our Purpose Foundation is a private corporation based in MCLEAN, VA. The foundation received its IRS ruling in 2022. It holds total assets of $4.4M. Annual income is reported at $1.7M. The foundation is governed by 2 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 2021 to 2023. Grantmaking is concentrated in Virginia. According to available records, Our Purpose Foundation has made 74 grants totaling $788K, with a median grant of $10K. Annual giving has decreased from $546K in 2022 to $242K in 2023. Individual grants have ranged from $500 to $25K, with an average award of $11K. The foundation has supported 30 unique organizations. The foundation primarily supports organizations in Virginia, Pennsylvania, Florida, which account for 76% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$11K
Largest Grant
$25K
Based on 26 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.
Our Purpose Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 74 grants. Its grantmaking reaches organizations primarily in VA, PA, FL.
Our Purpose Foundation has distributed a total of $788K across 74 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $500 to $25K.
Our Purpose Foundation typically selects its grantees rather than accepting unsolicited proposals.
Our Purpose Foundation is headquartered in MCLEAN, VA. While based in VA, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey Denniston | PRESIDENT AND TREASURER | $0 | $0 | N/A |
| Karen Denniston | VICE PRESIDENT AND SECRETARY | $0 | $0 | N/A |
Total Giving
$271K
Total Assets
$4.5M
Fair Market Value
$4.9M
Net Worth
$4.5M
Grants Paid
$242K
Contributions
N/A
Net Investment Income
$84K
Distribution Amount
$233K
Total: $3.6M
Total Grants
74
Total Giving
$788K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
30
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyGRANT MAKING | Kennesaw, GA | $1K | 2023 |
| Rappahannock United Way IncGRANT MAKING | Fredericksburg, VA | $20K | 2023 |
| Doorways For Women And FamiliesGRANT MAKING | Arlington, VA | $20K | 2023 |
| Connect Our KidsGRANT MAKING | Falls Church, VA | $20K | 2023 |
| Fairways For WarriorsGRANT MAKING | Plymouth, FL | $20K | 2023 |
| Teens Opposing Poverty (Top)GRANT MAKING | Bluemont, VA | $20K | 2023 |
| Foundation For Lake Anna Emergency ServicesGRANT MAKING | Louisa, VA | $15K | 2023 |
| Wolf Trap Foundation For The Performing ArtsGRANT MAKING | Vienna, VA | $15K | 2023 |
| James Madison University Foundation IncGRANT MAKING | Harrisonburg, VA | $12K | 2023 |
| Mclean Volunteer Fire DepartmentGRANT MAKING | Mclean, VA | $10K | 2023 |
| Songwriting With SoldiersGRANT MAKING | Nashville, TN | $10K | 2023 |
| Food For OthersGRANT MAKING | Fairfax, VA | $10K | 2023 |
| Showshoe Foundation IncGRANT MAKING | Snowshoe, WV | $10K | 2023 |
| Callens CauseGRANT MAKING | Leesburg, VA | $10K | 2023 |
| Third OptionGRANT MAKING | Reston, VA | $10K | 2023 |
| Code Of SupportGRANT MAKING | Alexandria, VA | $10K | 2023 |
| Share IncorporatedGRANT MAKING | Mclean, VA | $10K | 2023 |
| For Pete'S Sake Cancer Respite FoundationGRANT MAKING | Plymouth Meeting, PA | $9K | 2023 |
| Multiple Sclerosis SocietyGRANT MAKING | New York, NY | $4K | 2023 |
| Kelly Brush FoundationGRANT MAKING | Burlington, VT | $4K | 2023 |
| Washington Golf And Country Club Shield FoundationGRANT MAKING | Arlington, VA | $2K | 2023 |
| There Goes My HeroGRANT MAKING | Timonium, MD | $1K | 2023 |
| The Foundation For Indiana University Of Pennsylvania (Iup)GRANT MAKING | Indiana, PA | $25K | 2022 |
| Louisa County Sheriff'S OfficeGRANT MAKING | Louisa, VA | $10K | 2022 |
| Fairfax County Fire And Rescue Association IncGRANT MAKING | Fairfax, VA | $10K | 2022 |