GE Vernova Foundation I
EIN 932481739About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $2,578,334. This amount represents 25% or more of the Foundation's net assets of $5,000,000 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2023 | N/A | $5.0M | $5.0M | N/A |
| 2024 | $2.6M | $12.5M | $10.3M | 77 |
Grant Size Distribution
Based on 77 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (77 total)
| Purpose | ||||
|---|---|---|---|---|
| Charities Aid Foundation America | Alexandria, VA | $400,000 | RENEW Skills Program in Vietnam | 2024 |
| Skillpointe Foundation Inc | Chamblee, GA | $285,000 | GE Vernova Foundation Future of Energy SkillPointe Scholarship fund | 2024 |
| Charities Aid Foundation America | Alexandria, VA | $265,109 | General & Unrestricted | 2024 |
| American National Red Cross | Washington, DC | $250,000 | Disaster Response for Hurricane Helene | 2024 |
| Charities Aid Foundation America | Alexandria, VA | $217,530 | General & Unrestricted | 2024 |
| Institute of International Education Inc | New York, NY | $209,500 | STAR SCHOLARSHIP Program Administration | 2024 |
| Cooperative for Assistance and Relief Everywhere I | Merrifield, VA | $200,000 | Disaster Response for Storm Boris (Poland) and Typhoon Yagi (Vietnam) | 2024 |
| Team Rubicon | Los Angeles, CA | $200,000 | Disaster Relief for Hurricane Milton | 2024 |
| Commonwealth Corporation Foundation | Boston, MA | $150,000 | Skills development | 2024 |
| Charities Aid Foundation America | Alexandria, VA | $100,000 | Spanish Red Cross for Disaster Relief for Communities Impacted by the Spanish Floods | 2024 |
| Assist International Inc | Ripon, CA | $97,500 | Planning funds for Programming in Non-U.S. Countries | 2024 |
| Charities Aid Foundation America | Alexandria, VA | $12,229 | General & Unrestricted | 2024 |
| Atlanta Mission Support Corporation | Atlanta, GA | $6,307 | General & Unrestricted | 2024 |
| Agrawal P | Botchell, WA | $4,000 | Scholarship Grant | 2024 |
| Ali M | Spring, TX | $4,000 | Scholarship Grant | 2024 |
| Arnett M | Greenville, SC | $4,000 | Scholarship Grant | 2024 |
| Badadha S V | Hosur, None | $4,000 | Scholarship Grant | 2024 |
| Bailey K | Novi, MI | $4,000 | Scholarship Grant | 2024 |
| Di E | Corvallis, OR | $4,000 | Scholarship Grant | 2024 |
| Faikar M R | Semarange, None | $4,000 | Scholarship Grant | 2024 |
| Garbrecht C | Warren, CT | $4,000 | Scholarship Grant | 2024 |
| Garcia E | Simpsonville, SC | $4,000 | Scholarship Grant | 2024 |
| Gerstler K | Niskayuna, NY | $4,000 | Scholarship Grant | 2024 |
| Gower J | Fort Mill, SC | $4,000 | Scholarship Grant | 2024 |
| Grove C | Stafford, None | $4,000 | Scholarship Grant | 2024 |