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Rw Veit Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2017. The principal officer is Foundation Source. It holds total assets of $991K. Annual income is reported at $120K. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. Funding is distributed across 4 states, including Florida, Tennessee, New York. According to available records, Rw Veit Family Foundation has made 12 grants totaling $129K, with a median grant of $8K. Annual giving has grown from $32K in 2020 to $97K in 2022. Individual grants have ranged from $4K to $27K, with an average award of $11K. The foundation has supported 7 unique organizations. The foundation primarily supports organizations in New Mexico, New York, Tennessee, which account for 67% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$8K
Average Grant
$10K
Largest Grant
$25K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Rw Veit Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NM, NY, TN.
Rw Veit Family Foundation has distributed a total of $129K across 12 grants. The median grant size is $8K, with an average of $11K. Individual grants have ranged from $4K to $27K.
Rw Veit Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Rw Veit Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christina Veit | VP | $0 | $0 | N/A |
| Roland W Veit | Dir, Pres, Sec, Treas | $0 | $0 | N/A |
| Alexander Veit | VP | $0 | $0 | N/A |
| Nicole Veit | VP | $0 | $0 | N/A |
Total Giving
$57K
Total Assets
$1M
Fair Market Value
$1.1M
Net Worth
$1M
Grants Paid
$46K
Contributions
N/A
Net Investment Income
$38K
Distribution Amount
$53K
Total: $956K
Total Grants
12
Total Giving
$129K
Average Grant
$11K
Median Grant
$8K
Unique Recipients
7
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Coffee TrustGeneral & Unrestricted | Santa Fe, NM | $25K | 2022 |
| Solace House IncGeneral & Unrestricted | Long Island City, NY | $8K | 2022 |
| Out MemphisGeneral & Unrestricted | Memphis, TN | $8K | 2022 |
| Ballenisles Charties Foundation IncGeneral & Unrestricted | Palm Bch Gdns, FL | $5K | 2022 |
| Chasin A Dream Foundation IncGeneral & Unrestricted | Jupiter, FL | $4K | 2022 |
| Hanns R Neumann Stiftung North America IncCoffee Kids Program | Brooklyn, NY | $27K | 2020 |
| EdukenyaGeneral & Unrestricted | Nolensville, TN | $5K | 2020 |