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The Vig Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2023. The principal officer is Foundation Source. It holds total assets of $3.3M. Annual income is reported at $95K. Total assets have grown from $2.3M in 2022 to $3.4M in 2023. 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. According to available records, The Vig Family Foundation has made 4 grants totaling $65K, with a median grant of $18K. Individual grants have ranged from $5K to $25K, with an average award of $16K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Massachusetts and New York. Contributions to this foundation are tax-deductible.
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.
The Vig Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MA, NY.
The Vig Family Foundation has distributed a total of $65K across 4 grants. The median grant size is $18K, with an average of $16K. Individual grants have ranged from $5K to $25K.
The Vig Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Vig Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joyce Ann Vig | Dir, Sec | $0 | $0 | N/A |
| Ravi Vig | Dir, Pres, Treas | $0 | $0 | N/A |
Total Giving
$95K
Total Assets
$3.4M
Fair Market Value
$2.9M
Net Worth
$3.4M
Grants Paid
$65K
Contributions
$1M
Net Investment Income
$302K
Distribution Amount
$127K
Total Grants
4
Total Giving
$65K
Average Grant
$16K
Median Grant
$18K
Unique Recipients
3
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Partners Healthcare System Inc - Massachusetts GenBreast Cancer fund, MGH Fund, and eating disorders fund | Boston, MA | $25K | 2023 |
| Endicott CollegeWomen & Minorities in Tech fund | Beverly, MA | $20K | 2023 |
| Conference Board IncGeneral & Unrestricted | New York, NY | $15K | 2023 |