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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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