Varnum-De Rose Trust

Tax-deductible

Pittsburgh, PA501(c)(3)Foundations & GrantmakersEIN 83-1214640

501(c)(3) charity; gifts are tax-deductible.
$60K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $192K a year · 27% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$60K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$519K
-56% vs prior year
Spent
$499K
Net assets
$7.4M
By yearFY2020–FY2025
Revenue
$519K
FY2025▼ -56%
Revenue by fiscal year
FY2020$382K
FY2021$987K
FY2022$539K
FY2023$643K
FY2024$1.2M
FY2025$519K
Expenses
$499K
FY2025▼ -13%
Expenses by fiscal year
FY2020$413K
FY2021$449K
FY2022$572K
FY2023$591K
FY2024$572K
FY2025$499K
Net assets
$7.4M
FY2025+0.3%
Net assets by fiscal year
FY2020$6.2M
FY2021$6.7M
FY2022$6.7M
FY2023$6.8M
FY2024$7.4M
FY2025$7.4M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 85% · $425K Operating & administrative 15% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990-PF; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
$49,252Pt VII · Sec A
$11,222Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023
BNY Mellon N A$49,252$48,229$41,470
Jay H McDowell ESQ$11,222$9,658$12,321

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Varnum-De Rose Trust executive salaries →

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Programs and updates

A private foundation based in Pittsburgh, PA.

Provided by the organization

This section is blank until Varnum-De Rose Trust claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 22 grants · $425K · 2025–2025
Jose Limon Dance FoundationFY2025$55,000
Yale UniversityFY2025$55,000
Trustees of Phillips AcademyFY2025$55,000
St Georges Society of New YorkFY2025$25,000
Shiloh Baptist Church of NewarkFY2025$25,000
Prostate Action INCFY2025$25,000
Dorot INCFY2025$25,000
Kids in Cleats INCFY2025$20,000
Center for Community AlternativesFY2025$20,000
Arthritis Foundation INCFY2025$15,000
American Diabetes AssociationFY2025$15,000
First Presbyterian Church of SouthamptonFY2025$12,000
St Johns Episcopal Church of SouthamptonFY2025$12,000
Dutchess County SPCA INCFY2025$10,000
Community Baptist Ch of SouthamptonFY2025$10,000
South Shore University HospitalFY2025$10,000
Nature ConservancyFY2025$6,000
The Lighthouse GuildFY2025$6,000
See all 22 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$19K
Median grantPart XV$15K
Largest grantPart XV$55K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$519K
Investment income$519K
Money out
$499K
Grants paid$425K
Running costs$74K
Owns and owes
$7.4M
net assets
Cash and savings$400K
Total assets$7.4M
Liabilities$0
People
2
listed
Paid2
2In more detail
Revenue in detail
Investment income$519K
Total revenue$519K
Assets in detailEnd of year
Cash and savings together$400K
Total assets$7.4M
Liabilities$0
Net assets$7.4M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $519K$499K$20K$7.4M 990 PDF
FY2024 $1.2M$572K$605K$7.4M 990 PDF
FY2023 $643K$591K$53K$6.8M 990 PDF
FY2022 $539K$572K−$33K$6.7M 990 PDF
FY2021 $987K$449K$538K$6.7M 990 PDF
FY2020 $382K$413K−$31K$6.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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