The Veale Foundation
The Veale Foundation is a private foundation based in Pepper Pike, Ohio. Established in 1964 by Harriet and Tinkham Veale, it makes charitable donations primarily to organizations in Northeast Ohio.
The Veale Foundation at a glance
In short: The Veale Foundation gave $6.9M across 57 grants in 2024 (avg $120K), mostly in Ohio. 14% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,850,100
- -6.7% vs 2023
- Grants made (2024)
- 57
- +9.6% vs 2023
- Average grant
- $120,177
- -14.9% vs 2023
- Median grant
- $10,000
- Total assets
- $122,186,644
- +0.9% vs 2023
- New grantees (estimate)
- 14% first-time grantees (8 of 57, 2024)
- Primary geography
- Ohio (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Veale 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: 30100 Chagrin Blvd 210, Pepper Pike, OH 44124
Phone: (216) 255-3166
Website: https://vealeentrepreneurs.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Veale Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University Hospitals ($5.0M). Together the top 10 received $5.8M.
Organizations only. It also paid 1 grant to individuals ($573,000), which are not listed by name.
Grant Size Distribution
261 grants across all recorded years
The most common grant size was under $50K: 237 grants of 261 (91%).
Geographic Focus
Where this funder awards grants
The foundation says its donations are primarily to organizations in Northeast Ohio. In 2024, 94% of grant dollars went to recipients in Ohio and 6% to recipients in Washington, DC. Indiana and Maine each accounted for 0% as reported.
Grant Distribution by State
Share of 2024 grant dollars across all 57 itemized grants.
Cities
Is The Veale Foundation open to new grantees?
14%
first-time grantees, 2024
In 2024, 8 of 57 grantees (14%) were first-time recipients. First grants averaged $15K; repeat grants $137K. How we count
Medians: $10K first-time, $10K repeat.
- 86% of 2024 grantees were also funded in 2023. Method
- Giving grew 41% from 2021 to 2024. Method
- In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $4.9M (2021) to $10.3M (2020). In 2024 it made 57 grants totaling $6.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University Hospitals Cleveland, OH | General Fund | $5,000,000 |
| 1 grant to individuals Recipients not named | — | $573,000 |
| American Foreign Policy Council Washington, DC | General Fund | $400,000 |
| Junior Achievement Greater Cleveland Cleveland, OH | General Fund | $120,500 |
| John Carroll University University Heights, OH | General Fund | $60,600 |
| Elder High School Cincinnati, OH | general fund | $50,000 |
| University School Chagrin Falls, OH | General Fund | $45,000 |
| Playhouse Square Cleveland, OH | General Fund | $35,000 |
| Musical Arts Association Cleveland, OH | General Fund | $27,500 |
| Cleveland Museum of Natural History Cleveland, OH | General Fund | $26,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $122,186,644 | $12,596,602 | $8,370,689 | $6,850,100 | 57 | $7,296,362 | $11,544,400 | $8,367,543 |
| 2023 | $121,152,263 | $7,471,341 | $8,944,440 | $7,342,850 | 52 | $7,808,126 | $6,361,263 | $7,735,210 |
| 2022 | $126,388,108 | $2,052,154 | $8,413,753 | $6,424,585 | 51 | $6,804,394 | $999,154 | $7,741,970 |
| 2021 | $131,625,648 | $19,541,559 | $6,649,395 | $4,869,175 | 55 | $5,362,815 | $18,412,265 | $8,563,827 |
| 2020 | $122,905,809 | $8,884,481 | $12,038,505 | $10,324,250 | 46 | — | $7,852,371 | $7,409,062 |
Under IRS private-foundation payout rules, The Veale Foundation reported a distributable amount of $8.4M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated purpose is to improve the quality of life for others through charitable donations, primarily to organizations in Northeast Ohio. It identifies education, human and social services, civic and community causes, and healthcare as areas it supports.
Its 2024 grants show support for varied organizations. An individual recipient Reserve University describes its work as spanning health, engineering, arts and sciences, law, management, and social work. The American Foreign Policy Council says its purpose is to inform people who shape U.S. national security and foreign policy and facilitate dialogue with counterparts abroad. Other 2024 recipients include universities and schools, museums, and an arboretum; for example, the Cleveland Museum of Natural History describes its mission as inspiring a passion for nature and protecting natural diversity through science and education.
Grantmaking
In 2024, the foundation reported 57 grants totaling $6,850,100. Grant amounts ranged from $500 to $5,000,000, with a median of $10,000. In 2023, it reported 52 grants totaling $7,342,850. Its 2024 filing, the latest on this page, reports 57 grants totaling $6.9 million.
The largest 2024 grant was $5,000,000 to University Hospitals for its general fund. Other notable grants included $573,000 to an individual recipient Reserve University for the Veale Institute, engineering school, Veale Natatorium, Snyder Entrepreneurial Fellowship, and general fund; $400,000 to the American Foreign Policy Council for its general fund; and $120,500 to Junior Achievement Greater Cleveland for its general fund.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Daniel Harrington as chairman and William James Culbertson, William Brancovsky, Thomas Harrington, and Thomas Dicarro as trustees.
The Veale Foundation is led by Daniel Harrington, Chairman on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel Harrington
Chairman
On filings since 2020
4 hrs/week
No compensation reported
Thomas Harrington
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
William Brancovsky
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
William James Culbertson
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Thomas Dicarro
Trustee
On filings since 2023
4 hrs/week
No compensation reported
Former officers (1)
- Former: Richard Harr (2020) — Secretary
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 The Veale Foundation
How much does The Veale Foundation give each year?
The Veale Foundation gave $6.9M across 57 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.3M across 52 grants.
What is The Veale Foundation's typical grant size?
The Veale Foundation's median grant in 2024 was $10,000, and its average grant was $120,177, across 57 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Veale Foundation that year got $15K on average.
Where does The Veale Foundation give grants?
The Veale Foundation gives mostly in Ohio: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (6%). The most frequent recipient cities were Cleveland, OH (16 grants), Gates Mills, OH (4 grants), Shaker Heights, OH (3 grants) and Chagrin Falls, OH (2 grants).
Does The Veale Foundation give general operating support?
Yes: 98% of The Veale Foundation's 2024 grants with a stated purpose (56 of 57) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Veale Foundation's largest grantees?
The Veale Foundation's largest 2024 grantees include University Hospitals ($5,000,000), American Foreign Policy Council ($400,000) and Junior Achievement Greater Cleveland ($120,500), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($573,000), which are not listed by name. Together they received 81% of its itemized 2024 grant dollars.
How large is The Veale Foundation?
The Veale Foundation reported $122.2M in total assets on its 2024 IRS Form 990-PF. It paid out $7.3M in qualifying distributions that year, against a required minimum of $8.4M (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 does The Veale Foundation fund?
The foundation’s stated purpose is to improve the quality of life for others through charitable donations, primarily to organizations in Northeast Ohio. It identifies education, human and social services, civic and community causes, and healthcare as areas it supports. See mission & focus areas ↑
How do I apply for a grant from The Veale 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 Veale Foundation's EIN?
The Veale Foundation's EIN (Employer Identification Number) is 34-6565830. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Veale Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Veale Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Veale Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/the-veale-foundation-morg_7c46f2c91e7b47119f6dd9d048ada08a
BibTeX
@misc{grantable_346565830_2026,
author = {{Grantable}},
title = {{The Veale Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-veale-foundation-morg_7c46f2c91e7b47119f6dd9d048ada08a},
note = {Accessed 2026-10-14. 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 Veale 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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