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Minnie Velo Memorial Charitable Trust is a private trust based in FARGO, ND. The foundation received its IRS ruling in 1981. It holds total assets of $102K. Annual income is reported at $1K. Total assets have grown from $72K in 2011 to $105K in 2023. The foundation is governed by 1 officer or trustee. The trust annually awards scholarships to individuals pursuing higher education in a health-related field course of study. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Minnie Velo Memorial Charitable Trust has made 8 grants totaling $9K, with a median grant of $1K. Annual giving has decreased from $6K in 2022 to $3K in 2023. Individual grants have ranged from $1K to $1K, with an average award of $1K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$1K
Largest Grant
$1K
Based on 4 grants from the most recent 990-PF filing.
The trust annually awards scholarships to individuals pursuing higher education in a health-related field course of study
Expenses: $4K
The trust annually awards scholarships to individuals pursuing higher education in a health-related field course of study. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MN.
Minnie Velo Memorial Charitable Trust has distributed a total of $9K across 8 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $1K to $1K.
The application deadline is ATTACHED. Attached.
Minnie Velo Memorial Charitable Trust is headquartered in FARGO, ND.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cindy Westby | TREASURER | $0 | $0 | N/A |
Total Giving
$3K
Total Assets
$105K
Fair Market Value
$82K
Net Worth
$105K
Grants Paid
$3K
Contributions
N/A
Net Investment Income
$870
Distribution Amount
$4K
Total: $41K
Total Grants
8
Total Giving
$9K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
8
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Monserrat GonzalesSCHOLARSHIP | Pelican Rapids, MN | $1K | 2023 |
| Wylie BrendenSCHOLARSHIP | Rothsay, MN | $1K | 2023 |
| Adriana WillitsSCHOLARSHIP | Rothsay, MN | $1K | 2023 |
| Chase BalkenSCHOLARSHIP | Rothsay, MN | $1K | 2022 |
| Ella BackstromSCHOLARSHIP | Pelican Rapids, MN | $1K | 2022 |
| Lisbeth PantojaSCHOLARSHIP | Pelican Rapids, MN | $1K | 2022 |
| Amelia SytsmaSCHOLARSHIP | Pelican Rapids, MN | $1K | 2022 |
| Megan PetersonSCHOLARSHIP | Pelican Rapids, MN | $1K | 2022 |