The Vecellio Family Foundation Inc
The Vecellio Family Foundation Inc is a private foundation established in 1973 and based in Beckley, West Virginia. The foundation was created by family members of the Vecellio Group, a construction company specializing in heavy and highway construction that was founded in 1938. The foundation operates as a 501(c)(3) tax-exempt organization and focuses on charitable giving and scholarship distribution.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.7M
+7.4% YoY
Annual Giving
$469K
-10.6% YoY
Grant Count
78
-10.3% YoY
Avg Grant Size
$6K
-0.3% YoY
Mission & Focus Areas
The foundation's mission centers on "giving back to the community" and supporting education and charitable purposes. Primary funding areas include:
- Education and Scholarships: College scholarships for students from selected West Virginia high schools, dependents of Vecellio Group employees, and participants in state-wide conservation programs
- Philanthropy and Voluntarism
- Human Services
- Arts and Culture
The foundation demonstrates a particular commitment to education, having awarded over $1.96 million in college scholarships as of 2004, with 239 scholarships distributed by that time.
Grantmaking
The foundation makes contributions primarily to preselected charitable organizations. Independent review boards administer scholarship selections, choosing recipients based on established criteria from designated West Virginia high schools, conservation programs, and employee families.
Average Grant
amount: approximately $6,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- West Virginia (primary focus)
- Florida
- Ohio
These three states account for approximately 88% of all grants. The foundation has supported organizations across West Virginia, Florida, and Virginia, with particular emphasis on communities where the Vecellio Group operates, including Beckley, West Virginia and West Palm Beach, Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $9,994,449
- Total Revenue: $868,226
- Total Expenses: $599,121
- Total Liabilities: $232,000
- Total Giving: $532,250
Asset Growth:
- 2011: $6.1 million
- 2023: $10 million
Income Sources (2023):
- Investment income and dividends: $231,911
- Grants and contributions: $99,331
Historical Context: Annual giving has grown from $401,000 in 2020 to $525,000 in 2023, demonstrating increased grantmaking activity over recent years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,733,167 | $9,994,449 | $9,280,428 |
| Revenue | $674,308 | $868,226 | $222,569 |
| Expenses | $510,532 | $599,121 | $689,111 |
| Qualifying Distributions | $426,385 | $538,650 | $621,650 |
| Net Investment Income | $607,580 | $708,449 | $161,412 |
| Distributable Amount | $513,403 | $472,332 | $488,274 |
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
250 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
Principal Officer: Raleigh County National Bank
Key Family Members Involved:
- Leo Vecellio, Jr. (CEO of Vecellio Group and foundation supporter)
- Kathryn Vecellio
- Christopher Vecellio
- Michael Vecellio
- Patricia Vecellio
- The late Leo Vecellio, Sr. (founder's son, 1938 Virginia Tech graduate)
- The late Mrs. Leo (Evelyn) Vecellio, Sr.
The foundation is governed by 9 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEO A VECELLIO JR | PRESIDENT/TRUSTEE | — | — |
| MICHAEL J SULLIVAN | SECRETARY/TREASURER | — | — |
| KATHRYN C VECELLIO | VICE PRESIDENT/TRUSTEE | — | — |
| ROBERT L CASTRODALE | TRUSTEE | — | — |
| PATRICIA VECELLIO CUNNINGHAM | TRUSTEE | — | — |
| LL GWINN | ASST SECRETARY/TREASURER | — | — |
| CHRISTOPHER S VECELLIO | VICE PRESIDENT/TRUSTEE | — | — |
| MICHAEL A VECELLIO | VICE PRESIDENT/TRUSTEE | — | — |
| MELISSA MCCABE | ASST SECRETARY | — | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with recent grants supporting:
Performing arts institutions (Kravis Center for the Performing Arts)
Medical research and health services
Community organizations and United Way initiatives
The foundation has also established a $1 million endowment for the Construction Engineering and Management Program in Virginia Tech's Via Department of Civil and Environmental Engineering, reflecting the family's educational values and connection to the construction industry.
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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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