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Verdence Foundation Inc. is a private corporation based in HUNT VALLEY, MD. The foundation received its IRS ruling in 2021. It holds total assets of $354K. Annual income is reported at $218K. Total assets have grown from $74K in 2021 to $354K in 2024. 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 2024. Grantmaking is concentrated in Maryland. According to available records, Verdence Foundation Inc. has made 17 grants totaling $77K, with a median grant of $2K. Annual giving has decreased from $14K in 2021 to $5K in 2023. Grantmaking activity was highest in 2022 with $58K distributed across 7 grants. Individual grants have ranged from $300 to $40K, with an average award of $5K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Maryland, New York, Florida, which account for 88% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$2K
Largest Grant
$5K
Based on 6 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.
Verdence Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in MD, NY, FL.
Verdence Foundation Inc. has distributed a total of $77K across 17 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from $300 to $40K.
Verdence Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Verdence Foundation Inc. is headquartered in HUNT VALLEY, MD. While based in MD, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Avery A Prkna | DIRECTOR | $0 | $0 | N/A |
| Thomas J New | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$354K
Fair Market Value
N/A
Net Worth
$354K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
17
Total Giving
$77K
Average Grant
$5K
Median Grant
$2K
Unique Recipients
15
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Ryan Foundation IncTO FURTHER THE ORGANIZATION'S GOALS | Baltimore, MD | $5K | 2021 |
| Habitat For Humanity - Lee CountyHURRICAN IAN EMERGENCY RELIEF | Fort Meyers, FL | $2K | 2023 |
| Captains For Clean WaterHURRICANE IAN EMERGENCY RELIEF | Fort Myers, FL | $2K | 2023 |
| St Vincent De Paul BaltimoreBAGGED LUNCHES | Baltimore, MD | $478 | 2023 |
| Hidden HerosTO FURTHER THE ORGANIZATIONS'S GOALS | Washington, DC | $300 | 2023 |
| Fidelity Charitable Donor Advised FundTO FURTHER THE ORGANIZATION'S GOALS | Hunt Valley, MD | $40K | 2022 |
| Jewish National Fund UsaTO FURTHER THE ORGANIZATION'S GOALS | New York, NY | $10K | 2022 |
| Cystic Fibrosis FoundationTO FURTHER THE ORGANIZATION'S GOALS | Cockeysville, MD | $4K | 2022 |
| Towson University FoundationTO FURTHER THE ORGANIZATION'S GOALS | Towson, MD | $2K | 2022 |
| Sisters Circle IncTO FURTHER THE ORGANIZATION'S GOALS | Timonium, MD | $1K | 2022 |
| Pancreatic Cancer Action NetworkTO FURTHER THE ORGANIZATION'S GOALS | Washington, DC | $1K | 2022 |
| Hadleys Blessing IncTO FURTHER THE ORGANIZATION'S GOALS | Monkton, MD | $500 | 2022 |
| Father O'Neill Charities IncTO FURTHER THE ORGANIZATION'S GOALS | Luthervilletimonium, MD | $1K | 2021 |
| God'S Outdoor Angels FoundationTO FURTHER THE ORGANIZATION'S GOALS | White Hall, MD | $1K | 2021 |
| Homecoming ProjectTO FURTHER THE ORGANIZATION'S GOALS | Bel Air, MD | $1K | 2021 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD