RW Veit Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 81-4185248

RW Veit Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $991K in total assets. In 2024, it awarded 5 grants totaling $46K. Net investment income was $39K.

RW Veit Family Foundation at a glance

In short: RW Veit Family Foundation gave $46K across 5 grants in 2024 (avg $9K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$46,000
+0.0% vs 2023
Grants made (2024)
5
-16.7% vs 2023
Average grant
$9,200
+20.0% vs 2023
Median grant
$6,000
Total assets
$990,729
-1.5% vs 2023
Primary geography
New Mexico (54% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who RW Veit Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

The Coffee Trust: $25KThe Coffee Trust$25KBallenisles Charties Foundation Inc: $6KBallenisles ChartiesFoundation Inc$6KJCK Foundation Inc: $6KJCK Foundation Inc$6KOut Memphis: $6KOut Memphis$6KChasin a Dream Foundation Inc: $3KChasin a Dream Foundation Inc$3K

The largest 2024 recipient was The Coffee Trust ($25K). Together the top 5 received $46K.

Grant Size Distribution

22 grants across all recorded years

22<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 22 grants of 22 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

MemphisPalm Bch GdnsDobbs FerryHobe SoundJupiterLong Island CitySanta FeWillistonBrooklynNew YorkNolensvilleProvincetown

How RW Veit Family Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+12%). Method
  • In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants2020 4 grants2021 5 grants2022 6 grants2023 5 grants2024

From 2020 to 2024, annual grant giving ranged from $32K (2020) to $49K (2022). In 2024 it made 5 grants totaling $46K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The Coffee Trust Santa Fe, NMGeneral & Unrestricted$25,000
Ballenisles Charties Foundation Inc Palm BCH GDNS, FLGeneral & Unrestricted$6,000
JCK Foundation Inc Dobbs Ferry, NYGeneral & Unrestricted$6,000
Out Memphis Memphis, TNGeneral & Unrestricted$6,000
Chasin a Dream Foundation Inc Hobe Sound, FLGeneral & Unrestricted$3,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$990,729$45,292$59,889$46,0005$53,525$39,428$54,607
2023$1,005,326$-21,026$56,752$46,0006$54,553$38,077$53,016
2022$1,083,104$19,444$58,373$48,5005$57,115$38,568$54,308
2021$1,122,033$184,135$51,630$41,0004$49,710$184,135$56,741
2020$989,528$29,869$40,412$32,0002—$32,521$52,212

Under IRS private-foundation payout rules, RW Veit Family Foundation reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

RW Veit Family Foundation is led by Roland W Veit, Director, President, Secretary & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Roland W Veit

    Director, President, Secretary & Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Alexander Veit

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Christina Veit

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Nicole Veit

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about RW Veit Family Foundation

How much does RW Veit Family Foundation give each year?

RW Veit Family Foundation gave $46K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $46K across 6 grants.

What is RW Veit Family Foundation's typical grant size?

RW Veit Family Foundation's median grant in 2024 was $6,000, and its average grant was $9,200, across 5 grants on its 2024 IRS Form 990-PF.

Where does RW Veit Family Foundation give grants?

RW Veit Family Foundation gives mostly in New Mexico: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Florida (20%) and New York (13%).

Does RW Veit Family Foundation give general operating support?

Yes: 100% of RW Veit Family Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are RW Veit Family Foundation's largest grantees?

RW Veit Family Foundation's largest 2024 grantees include The Coffee Trust ($25,000), Ballenisles Charties Foundation Inc ($6,000) and JCK Foundation Inc ($6,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.

How large is RW Veit Family Foundation?

RW Veit Family Foundation reported $991K in total assets on its 2024 IRS Form 990-PF. It paid out $54K in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is RW Veit Family Foundation's EIN?

RW Veit Family Foundation's EIN (Employer Identification Number) is 81-4185248. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from RW Veit Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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