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Also known as: KELLY SOKOL
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Sokol Family Foundation is a private corporation based in VIRGINIA BCH, VA. The foundation received its IRS ruling in 2021. The principal officer is Kelly Sokol. It holds total assets of $37.6M. Annual income is reported at $2.6M. Total assets have grown from $13.4M in 2020 to $38.3M in 2023. The foundation is governed by 4 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 2020 to 2023. Grantmaking is concentrated in Virginia. According to available records, Sokol Family Foundation has made 24 grants totaling $3.8M, with a median grant of $38K. Annual giving has grown from $54K in 2020 to $2M in 2023. Individual grants have ranged from $3K to $1M, with an average award of $157K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Virginia, California, Montana, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$6K
Average Grant
$11K
Largest Grant
$25K
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.
Sokol Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in VA, CA, MT.
Sokol Family Foundation has distributed a total of $3.8M across 24 grants. The median grant size is $38K, with an average of $157K. Individual grants have ranged from $3K to $1M.
Sokol Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sokol Family Foundation is headquartered in VIRGINIA BCH, VA. While based in VA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kelly Sokol | PRESIDENT/EXEC DIR | $52K | $0 | $52K |
| David Sokol | DIRECTOR | $0 | $0 | N/A |
| John Weech | TREASURER/SECRETARY | $0 | $0 | N/A |
| Peggy Sokol | DIRECTOR | $0 | $0 | N/A |
Total Giving
$2.1M
Total Assets
$38.3M
Fair Market Value
$40.5M
Net Worth
$38.3M
Grants Paid
$2M
Contributions
N/A
Net Investment Income
$21.6M
Distribution Amount
$1.6M
Total: $10.7M
Total Grants
24
Total Giving
$3.8M
Average Grant
$157K
Median Grant
$38K
Unique Recipients
17
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL | Omaha, NE | $120K | 2023 |
| TidewaterGENERAL | Portsmouth, VA | $50K | 2023 |
| Horatio Alger AssociationGENERAL | Alexandria, VA | $1M | 2023 |
| For KidsGENERAL | Chesapeake, VA | $316K | 2023 |
| American Himalayan FoundationGENERAL | San Francisco, CA | $310K | 2023 |
| Park County Community FoundationGENERAL | Livingston, MT | $100K | 2023 |
| Virginia Sports Hall Of FameGENERAL | Virginia Beach, VA | $10K | 2023 |
| Children'S Hospital Of The King'S DaughtersGENERAL | Norfolk, VA | $10K | 2023 |
| Bigfork Food BankGENERAL | Bigfork, MT | $3K | 2023 |
| Bigfork Art & Cultural CenterGENERAL | Bigfork, MT | $3K | 2023 |
| Virginia Museum Of Contemporary ArtGENERAL | Virginia Beach, VA | $15K | 2022 |
| Virginia Beach Volunteer RescueGENERAL | Virginia Beach, VA | $3K | 2022 |
| ChkdMENTAL HEALTH | Norfolk, VA | $25K | 2020 |
| Navy Seal FoundationGENERAL | Virginia Beach, VA | $15K | 2020 |
| Her ShelterGENERAL | Portsmouth, VA | $6K | 2020 |
| Foodbank Of Southeastern VaGENERAL | Norfolk, VA | $6K | 2020 |
| Animal Resources Of TidewaterGENERAL | Norfolk, VA | $3K | 2020 |