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
Under IRS private-foundation payout rules, The Vecellio Family Foundation Inc reported a distributable amount of $513K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Chase Bragg ($2,500), John Jeffrey Tabor Iii ($2,500), Jadyn Forren ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CHASE BRAGG FAYETTEVILLE, WV | SCHOLARSHIP | $2,500 |
| JOHN JEFFREY TABOR III BECKLEY, WV | SCHOLARSHIP | $2,500 |
| JADYN FORREN SHADY SPRING, WV | SCHOLARSHIP | $2,500 |
| EVAN DONATELLI BECKLEY, WV | SCHOLARSHIP | $2,500 |
| MARIA LUGO WEST PALM BEACH, FL | SCHOLARSHIP | $2,500 |
| ANISTON MICHAEL BECKLEY, WV | SCHOLARSHIP | $2,500 |
| ANTHONY DAVILA HIALEAH, FL | SCHOLARSHIP | $2,500 |
| LILLY BIAS DANVILLE, WV | SCHOLARSHIP | $2,500 |
| DYLAN LESTER IKES FORK, WV | SCHOLARSHIP | $2,500 |
| BROOKE AUSTIN RHODELL, WV | SCHOLARSHIP | $2,500 |
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.
Frequently Asked Questions
What does The Vecellio Family Foundation Inc fund?
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, hav…
How do I apply for a grant from The Vecellio Family Foundation Inc?
**Grant Characteristics:** • Typical grant awards range from $1,000 to $75,000 • Average grant amount: approximately $6,000 • Median grant amount: $3,000 • Individual scholarships have been awarded at $10,000 each **Recent Activity:** • 2023: 71 grants made totaling $532,250 • 2022: 83 grants distributed totaling $552,000 (highest grantmaking year on record) • 2020: $401,000 distributed • Historical total: 241 grants made to 127 unique organizations **Grantmaking Approach:** The foundation make…
Where does The Vecellio Family Foundation Inc make 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.
What size grants does The Vecellio Family Foundation Inc award?
In 2024, The Vecellio Family Foundation Inc awarded 78 grants totaling $469K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Vecellio Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Vecellio Family Foundation Inc reported a distributable amount of $513K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Vecellio Family Foundation Inc's EIN?
The Vecellio Family Foundation Inc's EIN (Employer Identification Number) is 55-0538242. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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