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Vgs Foundation Inc. is a private corporation based in SOMERSET, NJ. The foundation received its IRS ruling in 2005. The principal officer is % Veerappan Subramanian. It holds total assets of $18.7M. Annual income is reported at $5.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Vgs Foundation Inc. has made 17 grants totaling $2.6M, with a median grant of $10K. Annual giving has grown from $758K in 2020 to $1.8M in 2022. Individual grants have ranged from $5K to $875K, with an average award of $152K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Florida, New Jersey, New York, which account for 59% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Vgs 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 FL, NJ, NY.
Vgs Foundation Inc. has distributed a total of $2.6M across 17 grants. The median grant size is $10K, with an average of $152K. Individual grants have ranged from $5K to $875K.
Vgs Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Vgs Foundation Inc. is headquartered in SOMERSET, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Anu Subramanian | TRUSTEE | $0 | $0 | $0 |
| Govindammal Subramanian | TRUSTEE | $0 | $0 | $0 |
| Veerappan Subramanian | TRUSTEE | $0 | $0 | $0 |
| Ilango Subramanian | TRUSTEE | $0 | $0 | $0 |
Total Giving
$886K
Total Assets
$17.1M
Fair Market Value
$17.1M
Net Worth
$17.1M
Grants Paid
$842K
Contributions
$0
Net Investment Income
$496K
Distribution Amount
$811K
Total: $15.6M
Total Grants
17
Total Giving
$2.6M
Average Grant
$152K
Median Grant
$10K
Unique Recipients
14
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Charles Schwab Charitable Fund (Daf)GENERAL FUND | Orlando, FL | $875K | 2022 |
| Destiny Living MinistriesGENERAL FUND | Cranford, NJ | $31K | 2022 |
| Claudine Society For Development & ActionGENERAL FUND | — | $10K | 2022 |
| Schwab Charitable (Daf)GENERAL FUND | Orlando, FL | $667K | 2020 |
| GofundmeGENERAL FUND | Los Altos, CA | $10K | 2020 |
| 2020 Feeding AmericaGENERAL FUND |
| Chicago, IL |
| $10K |
| 2020 |
| Community Food Bank Of NjGENERAL FUIND | Hillside, NJ | $10K | 2020 |
| Congregation Of The Sisters Of The CrossGENERAL FUND | — | $10K | 2020 |
| Claudine SocietyGENERAL FUND | — | $10K | 2020 |
| WnetGENERAL FUND | New York, NY | $10K | 2020 |
| Wnyc Producer'S CircleGENERAL FUND | New York, NY | $10K | 2020 |
| Lr BalajiGENERAL FUND | — | $10K | 2020 |
| Contributions Of 5k Of LessGENERAL FUND | Somerset, NJ | $6K | 2020 |
| Franklin Township Food BankGENERAL FUND | Somerset, NJ | $5K | 2020 |
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