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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. Total assets have grown from $1.6M in 2010 to $12.3M in 2024. The foundation is governed by 1 officer or trustee. 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 2020 to 2024. Grantmaking is concentrated in Massachusetts. 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.
Smallest Grant
$5K
Median Grant
$10K
Average Grant
$13K
Largest Grant
$25K
Based on 35 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.
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 | N/A |
Total Giving
N/A
Total Assets
$12.3M
Fair Market Value
N/A
Net Worth
$12.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
| Boston Medical CenterGENERAL USE | Boston, MA | $40K | 2023 |
| Catholic Charities Diocese Of Fall RiverGENERAL USE | Fall River, MA | $25K | 2023 |
| Franciscan Childrens HospitalGENERAL USE | Brighton, MA | $25K | 2023 |
| Adopt-A-FamilyGENERAL USE | Lake Worth, FL | $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 |
| Mill City GrowsGENERAL USE | Lowell, MA | $10K | 2023 |
| Newton Food PantryGENERAL USE | Newton, MA | $10K | 2023 |
| Cape And Islands United WayGENERAL USE | Centerville, MA | $10K | 2023 |
| Cape Cod Council Of ChurchesGENERAL USE | Hyannis, MA | $10K | 2023 |
| Cape Cod Healthcare FoundationGENERAL USE | Hyannis, MA | $10K | 2023 |
| Cape Cod Times Needy FundGENERAL USE | Hyannis, MA | $10K | 2023 |
| Girls On The RunGENERAL USE | Boston, MA | $10K | 2023 |
| Homeless Prevention CouncilGENERAL USE | Orleans, MA | $10K | 2023 |
| Boys And Girls Club Of BostonGENERAL USE | Boston, MA | $10K | 2023 |
| Mercy Meals And MoreGENERAL USE | New Bedford, MA | $5K | 2023 |
| Cahoon Museum Of ArtGENERAL USE | Cotuit, MA | $5K | 2023 |
| Food 4 KidsGENERAL USE | Orleans, MA | $5K | 2023 |
| Hundred Club Of MaGENERAL USE | Braintree, MA | $5K | 2023 |
| Nurturing Foster FamiliesGENERAL USE | Orleans, MA | $5K | 2023 |
| Villanova UniversityGENERAL USE | Villanova, PA | $5K | 2023 |
| Albertus Magnus High SchoolGENERAL USE | Bardonia, NY | $5K | 2023 |
| Mount Washington ObservatoryGENERAL USE | North Conway, NH | $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 |