Viragh Family Foundation Inc
- Assets
- $35.3m
- Revenue
- $2.9m
- Investments
- $34.5m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/2001
- Data as of
- 06/2023
- EIN
- 52-2284009
Organization Overview
Viragh Family Foundation Inc is located in Bethesda, MD. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Viragh Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Viragh Family Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $5.7m during the year ending 06/2023. While expenses have increased by 7.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Viragh Family Foundation Inc has awarded 243 individual grants totaling $21,356,263. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Viragh Williams Director | 3 | $0 | |
Robert J Viragh Director | 3 | $0 | |
Mark S Viragh President | 5 | $0 | |
Katherine A Viragh Vice President | 3 | $0 | |
Jean M Dahl Director | 3 | $0 | |
Roger E Young Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newedge Wealth | 6/29/23 | $232,940 |
Intentional Philanthropy Llc | 6/29/23 | $263,185 |
Young Brophy Pc | 6/29/23 | $63,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $898,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,003,280 |
| Capital Gain Net Income | $1,945,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,901,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $28,082 |
| Printing and publications | $0 |
| Other expenses | $15,614 |
| Total operating and administrative expenses | $724,924 |
| Contributions, gifts, grants paid | $4,936,423 |
| Total expenses and disbursements | $5,661,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $843,910 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,346,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,348,484 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Viragh Family Foundation Inc has awarded $4,936,423 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS ACADEMIES PURPOSE: SCHOLARSHIPS & DIRECTORS SUPPORT | $675,000 |
ACCESS INSTITUTE FOR PSYCHOLOGICAL PURPOSE: IN-SCHOOL MENTAL HEALTH PROGRAM | $100,000 |
BOYS HOPE GIRLS HOPE OF ST LOUIS PURPOSE: COHORT PROGRAMS | $150,000 |
CATHOLIC CHARITIES OF FORT WORTH PURPOSE: STAY THE COURSE/EDUCATION NAVIGATION | $212,500 |
CARSON CITY SCHOOLS FOUNDATION PURPOSE: FUNDING FUTURE DREAMS CAMPAIGN | $60,000 |
CALIFORNIA INSTITUTE OF INTEGRAL ST PURPOSE: EMERGING BLACK CLINICIANS FELLOWSHIP (EBCF) & BODIES OF CULTURE FELLOWSHIP | $55,343 |