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The Vela Foundation is a private corporation based in OSTERVILLE, MA. The foundation received its IRS ruling in 2008. The principal officer is % Bernadette T Rehnert Ttee. It holds total assets of $12.3M. Annual income is reported at $6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, The Vela Foundation has made 106 grants totaling $1.9M, with a median grant of $10K. Annual giving has decreased from $465K in 2020 to $356K in 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 56 grants. Individual grants have ranged from $1K to $250K, with an average award of $18K. The foundation has supported 51 unique organizations. The foundation primarily supports organizations in Massachusetts, New York, Florida, which account for 92% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
The Vela Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 106 grants. Its grantmaking reaches organizations primarily in MA, NY, FL.
The Vela Foundation has distributed a total of $1.9M across 106 grants. The median grant size is $10K, with an average of $18K. Individual grants have ranged from $1K to $250K.
The Vela Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Vela Foundation is headquartered in OSTERVILLE, MA. While based in MA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bernadette T Rehnert | TRUSTEE | $0 | $0 | $0 |
Total Giving
$583K
Total Assets
$11M
Fair Market Value
$11.3M
Net Worth
$11M
Grants Paid
$356K
Contributions
$2M
Net Investment Income
$2M
Distribution Amount
$495K
Total: $5M
Total Grants
106
Total Giving
$1.9M
Average Grant
$18K
Median Grant
$10K
Unique Recipients
51
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Veterans TransitionGENERAL USE | New Bedford, MA | $15K | 2023 |
| My Brothers KeeperGENERAL USE | Easton, MA | $10K | 2023 |
| United WayGENERAL USE | Hyannis, MA | $10K | 2022 |
| RootGENERAL USE | Salem, MA | $5K | 2022 |
| Boston Medical CenterGENERAL USE |
| Boston, MA |
| $40K |
| 2023 |
| Franciscan Childrens HospitalGENERAL USE | Brighton, MA | $25K | 2023 |
| Adopt-A-FamilyGENERAL USE | Lake Worth, FL | $25K | 2023 |
| Catholic Charities Diocese Of Fall RiverGENERAL USE | Fall River, MA | $25K | 2023 |
| Calmer ChoiceGENERAL USE | Osterville, MA | $20K | 2023 |
| Family Pantry Of Cape CodGENERAL USE | Harwich, MA | $20K | 2023 |
| Marthas Vineyard Boys And Girls ClubGENERAL USE | Edgartown, MA | $15K | 2023 |
| Wide Horizons For ChildrenGENERAL USE | Waltham, MA | $15K | 2023 |
| Coastal FoodshedGENERAL USE | New Bedford, MA | $15K | 2023 |
| Newton Food PantryGENERAL USE | Newton, MA | $10K | 2023 |
| Cape And Islands United WayGENERAL USE | Centerville, MA | $10K | 2023 |
| Boys And Girls Club Of BostonGENERAL USE | Boston, MA | $10K | 2023 |
| Cape Cod Council Of ChurchesGENERAL USE | Hyannis, MA | $10K | 2023 |
| Cape Cod Times Needy FundGENERAL USE | Hyannis, MA | $10K | 2023 |
| Cape Cod Healthcare FoundationGENERAL USE | Hyannis, MA | $10K | 2023 |
| Mill City GrowsGENERAL USE | Lowell, MA | $10K | 2023 |
| Homeless Prevention CouncilGENERAL USE | Orleans, MA | $10K | 2023 |
| Girls On The RunGENERAL USE | Boston, MA | $10K | 2023 |
| Nurturing Foster FamiliesGENERAL USE | Orleans, MA | $5K | 2023 |
| Mount Washington ObservatoryGENERAL USE | North Conway, NH | $5K | 2023 |
| Mercy Meals And MoreGENERAL USE | New Bedford, MA | $5K | 2023 |
| Hundred Club Of MaGENERAL USE | Braintree, MA | $5K | 2023 |
| Villanova UniversityGENERAL USE | Villanova, PA | $5K | 2023 |
| Food 4 KidsGENERAL USE | Orleans, MA | $5K | 2023 |
| Cahoon Museum Of ArtGENERAL USE | Cotuit, MA | $5K | 2023 |
| Albertus Magnus High SchoolGENERAL USE | Bardonia, NY | $5K | 2023 |
| Osterville Historical SocietyGENERAL USE | Osterville, MA | $1K | 2023 |
| Harvard Chan School Of Public HealthGENERAL USE | Cambridge, MA | $70K | 2022 |
| Community ServingsGENERAL USE | Jamaica Plain, MA | $25K | 2022 |
| Cape Cod FoundationGENERAL USE | South Yarmouth, MA | $10K | 2022 |
| Littleton Community FarmGENERAL USE | Littleton, MA | $10K | 2022 |
| Barnstable Land TrustGENERAL USE | Barnstable, MA | $10K | 2022 |
| Heritage Museum And GardensGENERAL USE | Sandwich, MA | $5K | 2022 |
| Needham Community CouncilGENERAL USE | Needham, MA | $5K | 2022 |
| Cape AbilitiesGENERAL USE | Hyannis, MA | $5K | 2022 |
| Barnstable Clean Water CoalitionGENERAL USE | Osterville, MA | $5K | 2022 |
| Partners Human Research CommitteeGENERAL USE | Boston, MA | $17K | 2020 |
| Boys & Girls Club Of WalthamGENERAL USE | Waltham, MA | $10K | 2020 |
| Cycle KidsGENERAL USE | Cambridge, MA | $6K | 2020 |
| Life Ministries Food PantryGENERAL USE | Wolfeboro Falls, NH | $5K | 2020 |
| Peabody Essex MuseumGENERAL USE | Salem, MA | $5K | 2020 |
| Fenway Community Development CorpGENERAL USE | Boston, MA | $5K | 2020 |
| Community Harvest ProjectGENERAL USE | North Grafton, MA | $5K | 2020 |
| Viper Memorial Fundcimbrec-Flaherty AlecGENERAL USE | Palm Beach Gardens, FL | $5K | 2020 |
| Viper Memorial Fundcimbrec MichaelGENERAL USE | Palm Beach Gardens, FL | $5K | 2020 |
| Self Esteem BostonGENERAL USE | Jamaica Plain, MA | $5K | 2020 |
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