The Velaj Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STAMFORD, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 11 grants totaling $202K. Net investment income was $403K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
+1.6% YoY
Annual Giving
$202K
-5.4% YoY
Grant Count
11
-42.1% YoY
Avg Grant Size
$18K
+63.4% YoY
Under IRS private-foundation payout rules, The Velaj Foundation reported a distributable amount of $193K for 2024 — the minimum it must pay out in qualifying distributions.
About The Velaj Foundation
Based on IRS filings
The Velaj Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STAMFORD, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 11 grants totaling $202K. Net investment income was $403K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,003,133 | $3,939,292 | $4,210,615 |
| Revenue | $441,230 | $128,797 | $189,693 |
| Expenses | $377,389 | $400,120 | $398,148 |
| Qualifying Distributions | $336,747 | $364,251 | $357,509 |
| Net Investment Income | $403,488 | $95,118 | $157,614 |
| Distributable Amount | $193,347 | $189,400 | $213,081 |
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
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Education for Employment ($75,000), Stamford Hospital Foundation ($30,000), Stamford Museum and Nature Center ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EDUCATION FOR EMPLOYMENT WASHINGTON, DC | CAPITAL CAMPAIGN | $5,000 |
| EDUCATION FOR EMPLOYMENT WASHINGTON, DC | INNOVATION AWARD | $75,000 |
| FAMILY CENTERS INC GREENWICH, CT | ADULT LITERACY PROGRAM | $25,000 |
| FILLING IN THE BLANKS NORWALK, CT | WEEKEND FOOD | $15,000 |
| FINAL VICTORY ANIMAL RESCUE EASTOVER, SC | GENERAL OPERATING SUPPORT | $2,000 |
| GREENWICH SCHOLARSHIP ASSOCIATION GREENWICH, CT | SCHOLARSHIPS | $2,000 |
| KU ENDOWMENT LAWRENCE, KS | HOPKINS SCHOLARSHIP | $2,000 |
| MILL RIVER COLLABORATIVE STAMFORD, CT | YOUTH WORKPLACE DEVELOPMENT | $15,000 |
| STAMFORD HOSPITAL FOUNDATION STAMFORD, CT | WOMEN AND BABIES CENTER | $30,000 |
| STAMFORD HOSPITAL FOUNDATION STAMFORD, CT | VAN MUNCHING REHABILITATION UNIT | $1,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALEXANDER VELAJ | DIRECTOR, PRESIDENT | 40 | $92,400 |
| PATRICIA WELLS VELAJ | DIRECTOR, VP, TREASURER, SECRETARY | 1.5 | $14,000 |
| GRACE C VELAJ | DIRECTOR, PROGRAM OFFICER | 1 | $4,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Velaj Foundation?
The Velaj Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STAMFORD, CT. It holds $4.0M in total assets as of 2024.
How large is The Velaj Foundation?
As of 2024, The Velaj Foundation holds $4.0M in total assets with $441K in annual revenue. It awarded 11 grants totaling $202K in 2024.
Where does The Velaj Foundation operate?
The Velaj Foundation has awarded grants in Arkansas, Connecticut, District of Columbia, Florida, Hawaii, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, New Jersey, South Carolina, Tennessee, Wisconsin.
What size grants does The Velaj Foundation award?
In 2024, The Velaj Foundation awarded 11 grants totaling $202K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Velaj Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Velaj Foundation reported a distributable amount of $193K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Velaj Foundation's EIN?
The Velaj Foundation's EIN (Employer Identification Number) is 26-1102664. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Velaj Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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