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Veltri Fam Foundation Trust is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2011. It holds total assets of $1M. Annual income is reported at $501K. 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. The foundation primarily funds organizations in New York, District of Columbia and Illinois. According to available records, Veltri Fam Foundation Trust has made 18 grants totaling $453K, with a median grant of $15K. Annual giving has decreased from $138K in 2020 to $75K in 2023. Grantmaking activity was highest in 2021 with $140K distributed across 6 grants. Individual grants have ranged from $3K to $65K, with an average award of $25K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, Texas, which account for 89% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$15K
Average Grant
$23K
Largest Grant
$50K
Based on 6 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.
Veltri Fam Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in NY, DC, TX.
Veltri Fam Foundation Trust has distributed a total of $453K across 18 grants. The median grant size is $15K, with an average of $25K. Individual grants have ranged from $3K to $65K.
Veltri Fam Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Veltri Fam Foundation Trust is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lucy C Veltri | TRUSTEE | $0 | $0 | N/A |
| Giacomo F Veltri | TRUSTEE | $0 | $0 | N/A |
Total Giving
$90K
Total Assets
$1.1M
Fair Market Value
$1.2M
Net Worth
$1.1M
Grants Paid
$75K
Contributions
N/A
Net Investment Income
$62K
Distribution Amount
$58K
Total: $1M
Total Grants
18
Total Giving
$453K
Average Grant
$25K
Median Grant
$15K
Unique Recipients
11
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Manhattan Institute For Policy ResearchTO PROVIDE FINANCIAL SUPPORT | New York, NY | $65K | 2023 |
| Central Park ConservancyTO PROVIDE FINANCIAL SUPPORT | New York, NY | $5K | 2023 |
| UatxTO PROVIDE FINANCIAL SUPPORT | Austin, TX | $5K | 2023 |
| Woodson CenterTO PROVIDE FINANCIAL SUPPORT | Washington, DC | $50K | 2021 |
| The Hunger ProjectTO PROVIDE FINANCIAL SUPPORT | New York, NY | $20K | 2021 |
| Vertex Partnership Academies IncTO PROVIDE FINANCIAL SUPPORT | Bronx, NY | $10K | 2021 |
| Center For Education ReformTO PROVIDE FINANCIAL SUPPORT | Washington, DC | $8K | 2021 |
| La Leche LeagueTO PROVIDE FINANCIAL SUPPORT | Schaumburg, IL | $3K | 2021 |
| The Manhattan InstituteTO PROVIDE FINANCIAL SUPPORT | New York, NY | $50K | 2020 |
| Right On Crime A Project Of The Texas Public Policy FoundationTO PROVIDE FINANCIAL SUPPORT | Austin, TX | $5K | 2020 |
| Cato InstituteTO PROVIDE FINANCIAL SUPPORT | Washington, DC | $5K | 2020 |