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Veit Foundation is a private corporation based in BUFFALO, MN. The foundation received its IRS ruling in 2000. It holds total assets of $17.1M. Annual income is reported at $2.5M. THE VEIT AUTOMOTIVE FOUNDATIONS MUSEUM CONTINUES TO PRESERVE AUTOMOBILES AND AUTOMOTIVE MEMORABILIA FOR FUTURE GENERATIONS TO ENJOY AND EMBRACE. FOLLOWING OUR MISSION TO EDUCATE THE GUESTS OF ALL AGES WE HAVE WORKED ON OUR DISPLAY SIGNAGE FOR THE HISTORY OF THE VEHICLES AND THE BRANDS REPRESENTED ON THE FLOOR. THAT SIGNAGE ALONG WITH RESETTING THE FLOOR LAYOUT ALLOWED US TO HIGHLIGHT NEW VEHICLES THAT HAVE RETURNED FROM RESTORATION OR ARE SOON TO RETURN FROM RESTORATION. THOSE CHANGES TO THE MUSEUM DISPLAY SPACE'S HAS INCREASED THE VIEWER EXPERIENCE EXPONENTIALLY BY CATEGORY. THOSE SAME DISPLAY SPACES SAW THE ADDITION OF NEW UPGRADED LED LIGHT BULBS WHICH HELPS US CATER TO OLDER DEMOGRAPHICS.WE HAVE ALSO BEEN ABLE TO FILL IN SPECIFIC CATEGORIES IN CURRENT COLLECTIONS WITHIN THE COLLECTION. ADDITIONAL GAS PUMPS RETURNED FROM RESTORATION, WE ADDED ADDITIONAL ASHTRAYS AND SHIFT KNOBS, OUTBOARD MOTORS, HANGING ARTWORK AND PETROLIANA/AMERICANA SIGNAGE FROM ALL ERAS. According to available records, Veit Foundation has made 22 grants totaling $609K, with a median grant of $6K. The foundation has distributed between $135K and $326K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $326K distributed across 10 grants. Individual grants have ranged from $500 to $107K, with an average award of $28K. The foundation has supported 13 unique organizations. Grants have been distributed to organizations in Minnesota and Texas and North Dakota. Contributions to this foundation are tax-deductible.
THE VEIT AUTOMOTIVE FOUNDATIONS MUSEUM SAW GREAT STRIDES IN 2022. FOLLOWING OUR MISSION TO EDUCATE THE GUESTS OF ALL AGES WE HAVE WORKED ON OUR DISPLAY SIGNAGE FOR THE HISTORY OF THE VEHICLES AND THE BRANDS REPRESENTED ON THE FLOOR. THAT SIGNAGE ALONG WITH RESETTING THE FLOOR LAYOUT ALLOWED US TO HIGHLIGHT NEW VEHICLES THAT HAVE RETURNED FROM RESTORATION OR ARE SOON TO RETURN FROM RESTORATION. THOSE CHANGES TO THE MUSEUM DISPLAY SPACE'S HAS INCREASED THE VIEWER EXPERIENCE EXPONENTIALLY BY CATEGORY. THOSE SAME DISPLAY SPACES SAW THE ADDITION OF NEW UPGRADED LED LIGHT BULBS WHICH HELPS US CATER TO OLDER DEMOGRAPHICS.IN 2022, WE WERE ALSO ABLE TO FILL IN SPECIFIC CATEGORIES IN CURRENT COLLECTIONS WITHIN THE COLLECTION. ADDITIONAL GAS PUMPS RETURNED FROM RESTORATION, WE ADDED ADDITIONAL ASHTRAYS AND SHIFT KNOBS, OUTBOARD MOTORS, HANGING ARTWORK AND PETROLIANA/AMERICANA SIGNAGE FROM ALL ERAS.
Expenses: $810K
RESTORATION WORK CONTINUES ON SEVERAL 1930'S VEHICLES THAT ARE DESIGNATED TO FILL FUTURE POSITIONS ON THE FLOOR. THESE WILL BE KEY COMPONENTS COMPLETING CATEGORIES HERE AT THE FOUNDATIONS COLLECTION. THE MUSEUM HAS CONTINUED ITS NO CHARGE FREE ADMISSION POLICY FOR GUESTS THROUGH THE 2022 SEASON.CHARITABLE GIVING CONTINUED IN 2022 WITH US SUPPORTING SEVERAL ORGANIZATIONS THROUGHOUT THE YEAR.- CAR SHOWS LIKE - MOTORHEAD MADNESS SHOW- CHANGE THE OUTCOME
Expenses: $170K
IN LATE 2015, THE MUSEUM STARTED A KIDS' CLUB TO EDUCATE CHILDREN ON AUTOMOBILES AND BUILDING HOT RODS. DURING 2019, MUSEUM REPRESENTATIVES CONDUCTED THE KIDS' CLUB ACTIVITIES AT THE MUSEUM AND HOSTED CHILDREN'S GROUPS, SUCH AS GIRL SCOUT TROOPS WORKING ON THEIR "PLAYING THE PAST" BADGES.
THE VEIT AUTOMOTIVE FOUNDATIONS MUSEUM CONTINUES TO PRESERVE AUTOMOBILES AND AUTOMOTIVE MEMORABILIA FOR FUTURE GENERATIONS TO ENJOY AND EMBRACE. FOLLOWING OUR MISSION TO EDUCATE THE GUESTS OF ALL AGES WE HAVE WORKED ON OUR DISPLAY SIGNAGE FOR THE HISTORY OF THE VEHICLES AND THE BRANDS REPRESENTED ON THE FLOOR. THAT SIGNAGE ALONG WITH RESETTING THE FLOOR LAYOUT ALLOWED US TO HIGHLIGHT NEW VEHICLES THAT HAVE RETURNED FROM RESTORATION OR ARE SOON TO RETURN FROM RESTORATION. THOSE CHANGES TO THE MUSEUM DISPLAY SPACE'S HAS INCREASED THE VIEWER EXPERIENCE EXPONENTIALLY BY CATEGORY. THOSE SAME DISPLAY SPACES SAW THE ADDITION OF NEW UPGRADED LED LIGHT BULBS WHICH HELPS US CATER TO OLDER DEMOGRAPHICS.WE HAVE ALSO BEEN ABLE TO FILL IN SPECIFIC CATEGORIES IN CURRENT COLLECTIONS WITHIN THE COLLECTION. ADDITIONAL GAS PUMPS RETURNED FROM RESTORATION, WE ADDED ADDITIONAL ASHTRAYS AND SHIFT KNOBS, OUTBOARD MOTORS, HANGING ARTWORK AND PETROLIANA/AMERICANA SIGNAGE FROM ALL ERAS. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in MN, TX, ND.
Veit Foundation has distributed a total of $609K across 22 grants. The median grant size is $6K, with an average of $28K. Individual grants have ranged from $500 to $107K.
Veit Foundation typically selects its grantees rather than accepting unsolicited proposals.
Veit Foundation is headquartered in BUFFALO, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Vaughn A Veit | CEO, TREASURER | $0 | $0 | $0 |
| Andy Anderson | DIRECTOR | $0 | $0 | $0 |
| Kelly Veit | VICE PRESIDENT | $0 | $0 | $0 |
Total Giving
$811K
Total Assets
$16.1M
Fair Market Value
$16.1M
Net Worth
$14M
Grants Paid
$140K
Contributions
$1.4M
Net Investment Income
$4K
Distribution Amount
$0
Total Grants
22
Total Giving
$609K
Average Grant
$28K
Median Grant
$6K
Unique Recipients
13
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Promesa Educativa Para Mexico A CYOUTH EDUCATION PROGRAMS, ROD RUN | Chihuahua | $107K | 2023 |
| Pease Community FoundationAFTER SCHOOL PROGRAM | Minneapolis, MN | $25K | 2023 |
| Motorhead MaddnessSPONSORSHIP | Buffalo, MN | $8K | 2023 |
| Maple Lake Chamber Of CommerceSPONSORSHIP OF GEARHEAD GET TOGETHER SHOW | Maple Lake, MN | $4K | 2023 |
| Buffalo Area Timber BayYOUTH TRUCK PROJECT | Buffalo, MN | $3K | 2023 |
| Jason Stadstad Youth BoostersRYDELL CAR SHOW | Grand Forks, ND | $500 | 2023 |
| Coldspring Street MachinesYOUTH BUILDER PROGRAM | Cold Spring, MN | $500 | 2023 |
| Scavengers Auto ClubYOUTH BUILDER PROGRAM | Maple Grove, MN | $500 | 2023 |
| Change The OutcomeGENERAL SUPPORT | Chanhassen, MN | $50K | 2022 |
| Gopher State Timing AssociationSPONSORSHIP | Brooklyn Park, MN | $4K | 2022 |
| Yellow House FoundationGENERAL SUPPORT | Cedar Park, TX | $100K | 2020 |
| Stma Breakfast ClubGENERAL SUPPORT | Albertville, MN | $10K | 2020 |
| Monticello High SchoolALL NIGHT GRADUATION PARTY | Monticello, MN | $5K | 2020 |
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