ACESO Foundation Inc is a private, non-operating foundation based in Bloomington, Indiana. The foundation was granted tax-exempt status in November 2022 and operates as a 501(c)(3) charitable organization classified as a public, society benefit organization focused on fund raising and fund distribution.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$72.8M
-3.2% YoY
Annual Giving
$4.6M
+34.6% YoY
Grant Count
47
+46.9% YoY
Avg Grant Size
$97K
-8.4% YoY
Under IRS private-foundation payout rules, Aceso Foundation Inc reported a distributable amount of $4.3M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on community healing and economic development. Named after the Greek Goddess of Healing, ACESO Foundation aims to strengthen communities by supporting businesses that provide basic services and products owned, operated, or managed by community members.
The foundation serves as a resource for entrepreneurs and economic development, assisting people in initiating and sustaining businesses that serve their communities. Its work encompasses community development, health initiatives, and improvements to create healthier places to live, with particular attention to new immigrants and all Americans.
The foundation focuses on economic development both domestically and internationally, leveraging decades of experience in foreign direct investment and business organization across Europe, Asia, and Latin America.
Grantmaking
The foundation made 38 grants totaling approximately $3.66 million in 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states including California, District of Columbia, Kentucky, Texas, Vermont, and others. It funds work in major urban centers as well as smaller cities throughout the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $72,842,773
- Total Revenue: $3,256,757
- Total Expenses: $5,247,220
- Total Giving: $4,571,389
Revenue Breakdown (2024):
- Investment income and dividends: $2,169,481
- Grants and contributions: $460,356
- Net gain from sale of non-inventory assets: $606,686
The foundation's assets have remained relatively stable, with total assets reported at $75,287,325 as of December 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $72,842,773 | $75,287,325 | $75,423,611 |
| Revenue | $3,256,757 | $3,776,105 | $18,052,152 |
| Expenses | $5,247,220 | $3,934,297 | $871,066 |
| Qualifying Distributions | $4,812,117 | $3,570,737 | $380,588 |
| Net Investment Income | $2,344,804 | $3,112,545 | $15,061,675 |
| Distributable Amount | $4,299,084 | $3,878,549 | $3,490,841 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
86 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Roots Institute ($277,000), Northeast Wilderness Trust ($250,000), Compassion in World Farming Usa ($210,000).
| Recipient | Purpose | Amount |
|---|---|---|
| A WELL-FED WORLD ORLANDO, FL | CHARITABLE | $100,000 |
| ADVANCING LAW FOR ANIMALS REDONDO BEACH, CA | CHARITABLE | $70,754 |
| ANIMAL AND VEGAN ADVOCACY SUMMIT PITTSFIELD, MA | CHARITABLE | $100,000 |
| ANIMAL CHARITY EVALUATORS COVINA, CA | CHARITABLE | $200,000 |
| ANIMAL DEFENSE PARTNERSHIP IRVINGTON, NY | CHARITABLE | $100,000 |
| ANIMAL LEGAL DEFENSE FUND WASHINGTON, DC | CHARITABLE | $100,000 |
| BALANCED INC KANSAS CITY, MO | CHARITABLE | $100,000 |
| BETTER FOOD FOUNDATION WASHINGTON, DC | CHARITABLE | $80,000 |
| CITY BLOSSOMS WASHINGTON, DC | CHARITABLE | $190,000 |
| COMMON GOOD CITY FARM WASHINGTON, DC | CHARITABLE | $101,300 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Mark Veldman — President and Treasurer
- Nicole Schonemann — Vice President
- Vera Flocke — Secretary and Executive Director (compensated at $137,308 annually)
The foundation has one employee on staff.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK VELDMAN | PRESIDENT & TREASURER | 1 | — |
| NICOLE SCHONEMANN | VICE PRESIDENT | 3 | — |
| VERA FLOCKE | SECRETARY & EXECUTIVE DIRECTOR | 40 | $134,623 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Aceso Foundation Inc fund?
The foundation's mission centers on community healing and economic development. Named after the Greek Goddess of Healing, ACESO Foundation aims to strengthen communities by supporting businesses that provide basic services and products owned, operated, or managed by community members. The foundation serves as a resource for entrepreneurs and economic development, assisting people in initiating and sustaining businesses that serve their communities. Its work encompasses community development, he…
How do I apply for a grant from Aceso Foundation Inc?
The foundation made 38 grants totaling approximately $3.66 million in 2024. Recent grants include: • New Roots Institute: $277,000 • Northeast Wilderness Trust Corporation: $250,000 • Animal Charity Evaluators: $200,000 Typical grant awards range from $3,300 to $400,000. The foundation does not respond to unsolicited applications for funding.
Where does Aceso Foundation Inc make grants?
The foundation supports organizations across multiple states including California, District of Columbia, Kentucky, Texas, Vermont, and others. It funds work in major urban centers as well as smaller cities throughout the United States.
What size grants does Aceso Foundation Inc award?
In 2024, Aceso Foundation Inc awarded 47 grants totaling $4.6M — an average of about $97K per grant, based on its IRS Form 990 filings.
How much is Aceso Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Aceso Foundation Inc reported a distributable amount of $4.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Aceso Foundation Inc's EIN?
Aceso Foundation Inc's EIN (Employer Identification Number) is 87-4109956. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Aceso Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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