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Visa Vel Foundation is a private corporation based in FRISCO, TX. The foundation received its IRS ruling in 2022. It holds total assets of $13.7M. Annual income is reported at $11.3M. The foundation operates in the area of environment. According to available records, Visa Vel Foundation has made 5 grants totaling $255K, with a median grant of $49K. Annual giving has grown from $7K in 2021 to $248K in 2022. Individual grants have ranged from $7K to $75K, with an average award of $51K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Visa Vel Foundation primarily funds organizations in the area of environment. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TX.
Visa Vel Foundation has distributed a total of $255K across 5 grants. The median grant size is $49K, with an average of $51K. Individual grants have ranged from $7K to $75K.
Visa Vel Foundation typically selects its grantees rather than accepting unsolicited proposals.
Visa Vel Foundation is headquartered in FRISCO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sakthivel Palani Gounder | TRUSTEE | $0 | $0 | $0 |
| Vidhya Rasu | TRUSTEE | $0 | $0 | $0 |
Total Giving
$124K
Total Assets
$13.7M
Fair Market Value
$0
Net Worth
$13.7M
Grants Paid
$124K
Contributions
$11.3M
Net Investment Income
$0
Distribution Amount
$0
Total Grants
5
Total Giving
$255K
Average Grant
$51K
Median Grant
$49K
Unique Recipients
2
Most Common Grant
$49K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nanban FoundationGNERAL SUPPORT | Frisco, TX | $75K | 2022 |
| Development Activities For Rural PeGENERAL SUPPORT | Madurai | $49K | 2022 |
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