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Velaj Foundation Inc. is a private corporation based in STAMFORD, CT. The foundation received its IRS ruling in 2007. The principal officer is Alexander Velaj. It holds total assets of $4M. Annual income is reported at $796K. Total assets have decreased from $5.6M in 2011 to $3.9M in 2023. The foundation is governed by 3 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 2016 to 2023. The foundation primarily funds organizations in Connecticut and District of Columbia. According to available records, Velaj Foundation Inc. has made 59 grants totaling $610K, with a median grant of $3K. Annual giving has grown from $200K in 2020 to $411K in 2022. Individual grants have ranged from $250 to $75K, with an average award of $10K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Connecticut, District of Columbia, Massachusetts, which account for 85% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$2K
Average Grant
$12K
Largest Grant
$75K
Based on 17 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.
Velaj Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 59 grants. Its grantmaking reaches organizations primarily in CT, DC, MA.
Velaj Foundation Inc. has distributed a total of $610K across 59 grants. The median grant size is $3K, with an average of $10K. Individual grants have ranged from $250 to $75K.
Velaj Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Velaj Foundation Inc. is headquartered in STAMFORD, CT. While based in CT, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alexander Velaj | DIRECTOR, PRESIDENT | $92K | $0 | $92K |
| Patricia Wells Velaj | DIRECTOR, VP, TREASURER, SECRETARY | $14K | $0 | $14K |
| Nicole R Velaj | DIRECTOR | $10K | $0 | $10K |
Total Giving
$400K
Total Assets
$3.9M
Fair Market Value
$4M
Net Worth
$3.9M
Grants Paid
$214K
Contributions
N/A
Net Investment Income
$95K
Distribution Amount
$189K
Total: $437K
Total Grants
59
Total Giving
$610K
Average Grant
$10K
Median Grant
$3K
Unique Recipients
25
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Education For EmploymentINNOVATION AWARD | Washington, DC | $75K | 2022 |
| Stamford Museum And Nature CenterASTRONOMY CENTER | Stamford, CT | $30K | 2022 |
| Stamford Hospital FoundationMATERNAL-CHILD SAFETY | Stamford, CT | $30K | 2022 |
| Mill River CollaborativeWHITTINGHAM DISCOVERY CENTER | Stamford, CT | $25K | 2022 |
| Round Hill Nursery SchoolGENERAL OPERATING SUPPORT | Greenwich, CT | $10K | 2022 |
| Person To PersonHOLIDAY TOYS FAIR | Darien, CT | $10K | 2022 |
| Greenwich Scholarship AssociationSCHOLARSHIPS | Greenwich, CT | $2K | 2022 |
| Philanthropy RoundtableGENERAL OPERATING SUPPORT | Washington, DC | $2K | 2022 |
| Greenwich Police Department Scholarship FundSCHOLARSHIPS | Greenwich, CT | $1K | 2022 |
| United Help UkraineGENERAL OPERATING SUPPORT | Gaithersburg, MD | $1K | 2022 |
| Nantucket Book FoundationGENERAL OPERATING SUPPORT | Nantucket, MA | $1K | 2022 |
| Loggerhead Marine Life CenterGENERAL OPERATING SUPPORT | Juno Beach, FL | $500 | 2022 |
| St Jude Children'S HospitalGENERAL OPERATING SUPPORT | Memphis, TN | $250 | 2022 |
| Team Eastern Ky Flood ReliefGENERAL OPERATING SUPPORT | Frankfort, KY | $250 | 2022 |
| Pacific HouseCOVID-19 EMERGENCY NEEDS | Stamford, CT | $10K | 2020 |
| Round Hill Community ChurchAVID SCHOLARSHIPS | Greenwich, CT | $10K | 2020 |
| Ywca Of GreenwichGENERAL OPERATING SUPPORT | Greenwich, CT | $5K | 2020 |
| Children'S Learning CenterCOVID-19 RESPONSE EFFORTS | Stamford, CT | $3K | 2020 |