Vermont Community Foundation
87% goes to programs $3 to raise $100 Strong reserves Declining revenue
Vermont Community Foundation is a 501(c)(3) organization based in Middlebury, Vermont, registered in 1986, with $54,048,996 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
3 Court St, Middlebury, VT, 05753 EIN 22-2712160 Since 1986
Revenue (FY2024)
$54.0M
▲ 2.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$58.8M
Net assets
$359.2M
Employees
53
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Vermont Community Foundation: 87% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating73 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Vermont Community Foundation: 73 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Vermont Community Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Vermont Community Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Inspiring giving and bringing together people and resources to make a difference.
What they do
The vermont community foundation inspires giving and brings people and resources together to make a difference in vermont. a family of hundreds of funds and foundations, the foundation provides the advice, investment vehicles, and back-office expertise that make it easy for the people who care about vermont to find and fund the causes they love. the foundation also provides nonprofit endowment management and planned giving services. in 2023, the foundation had nearly $68 million at work in the community through grants, mission investments, and programmatic activity.the heart of the community foundation's work is closing the opportunity gap - the divide that leaves too many vermonters struggling to get ahead, no matter how hard they work. over the next four years, the foundation is prioritizing grants and investments that: ensure vermont families have what they need to keep their loved ones healthy and safe; provide vermonters access to educational opportunities throughout their lifetime; build community resilience; support physical, mental, and emotional health; and advance equity, strengthen belonging, foster creativity, and promote democracy.the foundation envisions vermont at its best - where everyone has the opportunity to build a bright, secure future
Contact & location
- Address
- 3 Court St, Middlebury, VT, 05753
- City
- Middlebury
- State
- Vermont
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.3M (FY2016) to $54.0M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.4MNet assets $359.2M
Operating margin
-8.8%
Spent more than it raised in the latest fiscal year.
Total assets
$370.6M
Total liabilities
$11.4M
Net assets
$359.2M
Salaries & benefits
$5.1M
9% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $54,048,996▲2.4% | $58,789,272▲21.0% | $359,181,112▲4.0% | $370,629,507▲3.5% | 990 |
| 2023 | $52,792,202▲31.8% | $48,590,731▲22.2% | $345,340,722▲13.4% | $358,219,150▲13.1% | 990 |
| 2022 | $40,050,864▼49.8% | $39,751,190▼5.3% | $304,524,704▼15.5% | $316,750,116▼15.1% | 990 |
| 2021 | $79,760,072▲103% | $41,996,441▲25.2% | $360,566,673▲20.3% | $373,063,908▲20.0% | 990 |
| 2020 | $39,275,546▲24.7% | $33,537,396▲17.4% | $299,836,786▲7.6% | $310,876,312▲7.1% | 990 |
| 2019 | $31,495,825▼6.1% | $28,562,864▲35.1% | $278,661,508▲14.6% | $290,175,712▲14.0% | 990 |
| 2018 | $33,540,049▼41.8% | $21,141,061▲12.2% | $243,057,986▼4.3% | $254,491,126▼3.9% | 990 |
| 2017 | $57,646,141▲68.1% | $18,844,416▲9.5% | $254,001,592▲29.5% | $264,749,292▲27.7% | 990 |
| 2016 | $34,299,123 | $17,211,395 | $196,151,502 | $207,309,114 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Daniel Smith — $245,371 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Smith | Ceo | 46 | $245,371 |
| Barry Pius | Vp For Finance | 48 | $165,305 |
| Anna Grady | Vp For Operations and Administration | 48 | $155,999 |
| Felipe Rivera | Vp For Strategy and Communications | 50 | $154,331 |
| Holly Morehouse | Vp For Grants & Community Investment | 48 | $139,858 |
| Stacie Fagan | Vp For Philanthropy | 48 | $136,248 |
| Martha Trombley Oakes | Sr. Philanthropic Advisor | 40 | $121,288 |
| Emilye Pelow Corbett | Sr. Philanthropic Advisor | 40 | $113,031 |
| Jacob Gardner | Director of It | 40 | $108,944 |
| Elisabeth Marx | Sr Philanthropic Advisor | 40 | $108,921 |
| Ruth Henry | Sr Philanthropic Advisor | 40 | $103,318 |
| Erik Burge | Controller (until 07/24) | 40 | $74,577 |
| Alex Hernandez | Director | 4 | — |
| Alex Maclean | Director | 4 | — |
| Allyson Laackman | Treasurer (until 06/24) | 4 | — |
| Cindy Char | Director | 4 | — |
| Dimitri Gardner | Secretary | 4 | — |
| Elizabeth Catlin | Director | 4 | — |
| Eric Miller | Director | 4 | — |
| John Vogel | Director | 4 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Arminino LLP | Consulting | $242,658 |
| Mike Thompson Consulting LLC | Consulting | $223,649 |
| Cliftonlarsonallen LLP | Audit Services | $139,010 |
| Amy R Schaeffler | Consulting | $127,941 |
Grants received · $18.9M total
82 grants to Vermont Community Foundation totaling $18.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $1,060,074 |
| Amalgamated Charitable Foundation Inc | Project support | 2024 | $45,000 |
| The Community Fdn of Middle Tn Inc | Provide 1st time support for your important mission. thank you noah kahan for bring attention to the issue of mental health. | 2024 | $25,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $20,000 |
| American Endowment Foundation | Philanthropy | 2024 | $11,750 |
| Independent Charitable Gift Fund | General support | 2024 | $9,969 |
| American Online Giving Foundation Inc | General support | 2024 | $6,824 |
| New Hampshire Charitable Foundation | For flood response | 2024 | $6,000 |
| Baltimore Community Foundation Inc | General support and various projects | 2024 | $5,814 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,722,174 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $243,561 |
| Impactassets Inc | 2023 forest health expansion | 2023 | $150,000 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $139,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $90,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2023 | $76,000 |
Grants made · $46.3M in FY2024
728 grants totaling $46.3M in FY2024 — showing the 15 largest. All grants made by Vermont Community Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Leahy Center For Lake Champlain Inc | "into the lake" aquarium & exhibits capital construction fund | $7,951,562 |
| Vermont Long Term Disaster Recovery Group Inc | To support their work with individuals affected by the flooding in vermont in july of 2023. | $2,045,608 |
| Pathways Vermont Inc | Pathways vermont peer respite center pilot project | $1,313,879 |
| Vermont Land Trust Inc | General operating support | $1,168,659 |
| Cathedral Square Corporation | General operating support | $1,011,000 |
| Flynn Center For the Performing Arts Ltd | To fund the camps, classes and workshops | $755,930 |
| Northeast Kingdom Human Services Inc | Acute stress intervention programming | $719,758 |
| Connecting Hope Inc | To support the repair and rebuilding of homes impacted by storms/flooding in 2023 | $650,000 |
| Revitalizing Waterbury Inc | Stowe street alley project | $529,950 |
| University of Vermont Medical Center Inc | Uvm cancer center fund, attn: manon o'connor | $512,102 |
| Intervale Center Inc | To support the conservation nursery | $472,568 |
| The Mentor Connector | General operating support | $465,000 |
| Parks Foundation of Burlington | For the commemoration of the victims of st. joseph orphange | $455,128 |
| Town Hall Theater Inc | Capital campaign. grant funds to be used for general operations if capital campaign has been reached. advisor's note: please do not list the grant amount in your publications | $429,000 |
| University of Vermont and State Agricultural College Foundation | Community health workers utilize person-centered, whole person approach to identify and address mh, sud, and physical health needs and barriers among latino communities in lamoille, windham and windsor counties ($37,500); access to liguistically and culturally assessible clinician ($10k) | $426,950 |
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Frequently asked questions
- Is Vermont Community Foundation a legitimate nonprofit?
- Yes. Vermont Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2712160, based in Middlebury, Vermont. Donations are tax-deductible.
- What is Vermont Community Foundation's EIN?
- Vermont Community Foundation's Employer Identification Number (EIN) is 22-2712160.
- How much revenue does Vermont Community Foundation report?
- Vermont Community Foundation reported $54,048,996 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Vermont Community Foundation's spending goes to programs?
- Vermont Community Foundation spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Vermont Community Foundation have?
- CharityIndex grades Vermont Community Foundation A, based on program efficiency and fundraising cost.
- How much does Vermont Community Foundation's highest-paid employee make?
- The highest reported compensation on Vermont Community Foundation's latest Form 990 is $245,371, paid to Daniel Smith (Ceo).
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Explore more
Data for Vermont Community Foundation (EIN 22-2712160) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.