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Veloo Foundation is a private corporation based in DRAPER, UT. The foundation received its IRS ruling in 2007. The principal officer is Chelvan Veloo. It holds total assets of $10K. Annual income is reported at $82K. Total assets have grown from $4K in 2011 to $67K in 2023. The foundation is governed by 2 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. According to available records, Veloo Foundation has made 5 grants totaling $329K, with a median grant of $75K. Annual giving has grown from $41K in 2020 to $75K in 2023. Grantmaking activity was highest in 2021 with $135K distributed across 2 grants. Individual grants have ranged from $41K to $94K, with an average award of $66K. Grant recipients are concentrated in Utah. Contributions to this foundation are tax-deductible.
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.
Veloo Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in UT.
Veloo Foundation has distributed a total of $329K across 5 grants. The median grant size is $75K, with an average of $66K. Individual grants have ranged from $41K to $94K.
Veloo Foundation typically selects its grantees rather than accepting unsolicited proposals.
Veloo Foundation is headquartered in DRAPER, UT.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Chelvan Veloo | TRUSTEE | $0 | $0 | N/A |
| Julie Veloo | TRUSTEE | $0 | $0 | N/A |
Total Giving
$92K
Total Assets
$67K
Fair Market Value
$67K
Net Worth
$67K
Grants Paid
$75K
Contributions
$111K
Net Investment Income
N/A
Distribution Amount
$3K
Total Grants
5
Total Giving
$329K
Average Grant
$66K
Median Grant
$75K
Unique Recipients
1
Most Common Grant
$41K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Children Of The PeakGENERAL FUND | Draper, UT | $75K | 2023 |
SALT LAKE CTY, UT
SANDY, UT
SALT LAKE CTY, UT