The Marcia & Kent Velde Foundation
The Marcia & Kent Velde Foundation is a private foundation based in Milwaukee, Wisconsin. Its 2025 grants included support for schools, arts organizations, and other charitable organizations, primarily in Wisconsin.
The Marcia & Kent Velde Foundation at a glance
In short: The Marcia & Kent Velde Foundation gave $205K across 20 grants in 2025 (avg $10K), mostly in Wisconsin. 10% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $205,000
- +11.1% vs 2024
- Grants made (2025)
- 20
- +5.3% vs 2024
- Average grant
- $10,250
- +5.6% vs 2024
- Median grant
- $2,500
- Total assets
- $3,081,218
- -1.2% vs 2024
- New grantees (estimate)
- 10% first-time grantees (2 of 20, 2025; small sample)
- Primary geography
- Wisconsin (96% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Marcia & Kent Velde Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3424 N Shepard Avenue, Milwaukee, WI 53211
Phone: (949) 220-9404
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Marcia & Kent Velde Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Augustine Preparatory Academy ($90K). Together the top 10 received $189K.
Grant Size Distribution
100 grants across all recorded years
The most common grant size was under $50K: 93 grants of 100 (93%).
Geographic Focus
Where this funder awards grants
In 2025, 96% of grant dollars went to recipients in Wisconsin and 2% to recipients in Indiana. The listed 2025 grants also included recipients in Wisconsin and Indiana.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
Cities
Is The Marcia & Kent Velde Foundation open to new grantees?
10%
first-time grantees, 2025
In 2025, 2 of 20 grantees (10%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $2K; repeat grants $11K. How we count
Medians: $2K first-time, $4K repeat.
- 85% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 137% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $55K (2020) to $207K (2022). In 2025 it made 20 grants totaling $205K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Augustine Preparatory Academy Milwaukee, WI | Charitable | $90,000 |
| Notre Dame School of Milwaukee Milwaukee, WI | Charitable | $55,000 |
| Milwaukee Repertory Theater Milwaukee, WI | Charitable | $10,000 |
| Milwaukee Art Museum Milwaukee, WI | Charitable | $6,500 |
| Formation Foundation South Bend, IN | Charitable | $5,000 |
| Medical College of Wisconsin Wauwatosa, WI | Charitable | $5,000 |
| Divine Savior Holy Angel High School Milwaukee, WI | Charitable | $5,000 |
| Marquette University High School Milwaukee, WI | Charitable | $5,000 |
| St Marcus Lutheran School Milwaukee, WI | Charitable | $5,000 |
| St Robert School Shorewood, WI | Charitable | $2,500 |
Ready to take the next step with The Marcia & Kent Velde Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,081,218 | $182,933 | $219,552 | $205,000 | 20 | $219,552 | $170,542 | $159,684 |
| 2024 | $3,117,858 | $218,622 | $201,607 | $184,500 | 19 | $192,887 | $209,902 | $157,827 |
| 2023 | $3,097,603 | $122,001 | $220,778 | $203,600 | 21 | $209,649 | $110,872 | $158,292 |
| 2022 | $3,222,901 | $61,753 | $221,441 | $206,750 | 20 | $214,305 | $52,660 | $184,773 |
| 2021 | $3,390,022 | $107,800 | $142,006 | $126,500 | 20 | $126,500 | $80,524 | $190,061 |
| 2020 | $3,407,788 | $3,497,709 | $59,748 | $54,500 | 12 | — | $18,938 | $60,620 |
Under IRS private-foundation payout rules, The Marcia & Kent Velde Foundation reported a distributable amount of $160K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2025 grants show support for educational institutions, including schools and a university, as well as arts organizations and other charitable organizations.
Among its grantees, St. Augustine Preparatory Academy describes its mission as developing students as future leaders through non-denominational Christian education. Milwaukee Repertory Theater says it creates theater experiences intended to contribute to its community’s cultural, social, and economic vitality. Milwaukee Art Museum describes its work as collecting, preserving, and presenting art while educating people about art and art history. Bridge to Brighter says its mission is to assist youth exiting foster care as they transition to adult life.
Grantmaking
In 2025, the foundation made 20 grants totaling $205,000. Grants ranged from $500 to $90,000, with a median grant of $2,500. Recent total giving was $184,500 across 19 grants in 2024 and $203,600 across 21 grants in 2023.
The largest reported 2025 grants were $90,000 to St. Augustine Preparatory Academy and $55,000 to Notre Dame School of Milwaukee. Other grants included $10,000 to Milwaukee Repertory Theater, $6,500 to Milwaukee Art Museum, and $5,000 each to Formation Foundation, Medical College of Wisconsin, Divine Savior Holy Angel High School, Marquette University High School, and St. Marcus Lutheran School.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists W Kent Velde and Marcia Ferguson Velde as trustees.
The Marcia & Kent Velde Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marcia Ferguson Velde
Trustee
On filings since 2020
No compensation reported
W. Kent Velde
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 The Marcia & Kent Velde Foundation
How much does The Marcia & Kent Velde Foundation give each year?
The Marcia & Kent Velde Foundation gave $205K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $185K across 19 grants.
What is The Marcia & Kent Velde Foundation's typical grant size?
The Marcia & Kent Velde Foundation's median grant in 2025 was $2,500, and its average grant was $10,250, across 20 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Marcia & Kent Velde Foundation that year got $2K on average.
Where does The Marcia & Kent Velde Foundation give grants?
The Marcia & Kent Velde Foundation gives mostly in Wisconsin: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Milwaukee, WI (11 grants) and Shorewood, WI (2 grants).
Does The Marcia & Kent Velde Foundation give general operating support?
Not in 2025: none of the 20 grants with a stated purpose on The Marcia & Kent Velde Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (20 grants).
Who are The Marcia & Kent Velde Foundation's largest grantees?
The Marcia & Kent Velde Foundation's largest 2025 grantees include St Augustine Preparatory Academy ($90,000), Notre Dame School of Milwaukee ($55,000) and Milwaukee Repertory Theater ($10,000), according to its 2025 IRS Form 990-PF. Together they received 76% of its itemized 2025 grant dollars.
How large is The Marcia & Kent Velde Foundation?
The Marcia & Kent Velde Foundation reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $220K in qualifying distributions that year, against a required minimum of $160K (roughly 5% of its investment assets).
What does The Marcia & Kent Velde Foundation fund?
No foundation mission statement is provided. Its 2025 grants show support for educational institutions, including schools and a university, as well as arts organizations and other charitable organizations. See mission & focus areas ↑
How do I apply for a grant from The Marcia & Kent Velde Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Marcia & Kent Velde Foundation's EIN?
The Marcia & Kent Velde Foundation's EIN (Employer Identification Number) is 85-6464574. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Marcia & Kent Velde Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 4, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in The Marcia & Kent Velde Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Marcia & Kent Velde Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-marcia-and-kent-velde-foundation-morg_6ea8c4094fb647b69973393b6566cba3
BibTeX
@misc{grantable_856464574_2026,
author = {{Grantable}},
title = {{The Marcia \& Kent Velde Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-marcia-and-kent-velde-foundation-morg_6ea8c4094fb647b69973393b6566cba3},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Marcia & Kent Velde 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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