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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. Total assets have grown from $2.6M in 2021 to $13.7M in 2022. The foundation is governed by 2 officers and trustees. The foundation operates in the area of environment. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2022. 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.
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.
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 | N/A |
| Vidhya Rasu | TRUSTEE | $0 | $0 | N/A |
Total Giving
$124K
Total Assets
$13.7M
Fair Market Value
N/A
Net Worth
$13.7M
Grants Paid
$124K
Contributions
$11.3M
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$255K
Average Grant
$51K
Median Grant
$49K
Unique Recipients
2
Most Common Grant
$75K
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 |