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Veritas Foundation is a private corporation based in PLYMOUTH, MN. The foundation received its IRS ruling in 2006. The principal officer is % Wipfli Llp. It holds total assets of $7.9M. Annual income is reported at $2.7M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Veritas Foundation has made 17 grants totaling $1.3M, with a median grant of $50K. Annual giving has grown from $212K in 2021 to $1.1M in 2022. Individual grants have ranged from $3K to $300K, with an average award of $78K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Minnesota, Colorado, Georgia, which account for 94% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Veritas Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in MN, CO, GA.
Veritas Foundation has distributed a total of $1.3M across 17 grants. The median grant size is $50K, with an average of $78K. Individual grants have ranged from $3K to $300K.
Veritas Foundation typically selects its grantees rather than accepting unsolicited proposals.
Veritas Foundation is headquartered in PLYMOUTH, MN. While based in MN, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kristine E Isaac | SECRETARY | $0 | $0 | $0 |
| Patricia J Karle | PRESIDENT | $0 | $0 | $0 |
| Peter S Karle | TREASURER | $0 | $0 | $0 |
Total Giving
$326K
Total Assets
$7.9M
Fair Market Value
$8.1M
Net Worth
$7.9M
Grants Paid
$319K
Contributions
$0
Net Investment Income
$2.6M
Distribution Amount
$312K
Total: $5.4M
Total Grants
17
Total Giving
$1.3M
Average Grant
$78K
Median Grant
$50K
Unique Recipients
10
Most Common Grant
$54K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hand In Hand Christian Montessori Home School AcademyBUILDING PROJECT | St Paul, MN | $300K | 2022 |
| Chesterton AcademyGENERAL SUPPORT | Hopkins, MN | $125K | 2022 |
| University Christian FellowshipGENERAL SUPPORT | Duluth, MN | $54K | 2022 |
| Church Of The CrossGENERAL SUPPORT | Hopkins, MN | $50K | 2022 |
| Chi Alpha Campus Ministries Of DuluthGENERAL SUPPORT | Duluth, MN | $30K | 2022 |
Other foundations that have funded Veritas Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Multhauf Foundation Ltd | $1K | 2023 | Operating |
| New Covenant Foundation Inc. | $10K | 2022 | Construction of a church in Bo, Sierra Leone, West Africa |
| Multhauf Foundation Ltd | $1K | 2022 | Operating |
| New Covenant Foundation Inc. | $500 | 2022 | March / April 2022 Mission Trip to Sierra Leone |
| 2018 | 990PF | View |
| Rivertree SchoolGENERAL SUPPORT | Minneapolis, MN | $75K | 2021 |
| Transformation TodayGENERAL SUPPORT | Bloomington, MN | $40K | 2021 |
| Compassion InternationalGENERAL SUPPORT | Colorado Springs, CO | $10K | 2021 |
| Global Student Initiatives Ga Chi AlphaGENERAL SUPPORT | Columbus, GA | $5K | 2021 |
| Chi Alpha Campus MinistriesGENERAL SUPPORT | Springfield, MO | $3K | 2021 |
| $3K |
| 2021 |
| To support the Blind School in Bo, Sierra Leone through the monthly feeding program and to purchase voice recorders and writing slates |
| Multhauf Foundation Ltd | $1K | 2021 | operating |
| Multhauf Foundation Ltd | $1K | 2020 | Operating |
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