Veit Foundation
Veit Foundation is a private foundation based in Buffalo, Minnesota. Its 2024 filing describes work to preserve automobiles and automotive memorabilia, educate museum visitors, support local car shows and youth programming, and provide charitable support to other organizations.
Veit Foundation at a glance
In short: Veit Foundation gave $152K across 11 grants in 2024 (avg $14K), mostly in Minnesota. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $152,400
- +3.2% vs 2023
- Grants made (2024)
- 11
- +37.5% vs 2023
- Average grant
- $13,855
- -24.9% vs 2023
- Median grant
- $5,000
- Total assets
- $17,074,747
- +6.1% vs 2023
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2024; small sample)
- Primary geography
- Minnesota (50% 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 Veit 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: 8552 Baker Avenue Nw, Buffalo, MN 55362
Phone: (612) 499-2794
Website: https://www.veitauto.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Veit Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Yellow House Foundation ($50K). Together the top 10 received $152K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 28 grants of 33 (85%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in Minnesota (50%), Texas (33%), and Wisconsin (16%); the filing also lists North Dakota at 0%. These shares describe the locations of that year’s grant recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Is Veit Foundation open to new grantees?
27%
first-time grantees, 2024
In 2024, 3 of 11 grantees (27%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $11K; repeat grants $15K. How we count
Medians: $5K first-time, $6K repeat.
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 $84K (2021) to $163K (2022). In 2024 it made 11 grants totaling $152K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Yellow House Foundation Cedar Park, TX | General Support | $50,000 |
| Pease Community Foundation Minneapolis, MN | General Support | $30,000 |
| Horizon School Madison, WI | General Support | $25,000 |
| Change the Outcome Chanhassen, MN | General Support | $25,000 |
| Motorhead Maddness Buffalo, MN | Sponsorship and Young Backyard Builders Program | $7,500 |
| Parenting with Grace Buffalo, MN | General Support | $5,000 |
| Youth Investment Foundation DBA Timber Bay Buffalo, MN | To Support Buffalo Timber Bay | $4,400 |
| Maple Lake Chamber of Commerce Inc Mapleton, MN | Sponsorship | $4,000 |
| Scavengers Auto Club Maple Grove, MN | Young Backyard Builders Program | $500 |
| Coldspring Street Machines Cold Spring, MN | Young Backyard Builders Program | $500 |
Ready to take the next step with Veit 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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $17,074,747 | $2,541,412 | $809,646 | $152,400 | 11 | $582,062 | — | — |
| 2023 | $16,091,694 | $1,463,200 | $810,936 | $147,678 | 8 | $597,000 | $4,481 | — |
| 2022 | $15,625,586 | $1,336,945 | $980,252 | $162,944 | 5 | $726,447 | $2,578 | — |
| 2021 | $15,418,813 | $1,245,815 | $813,969 | $84,000 | 5 | $966,127 | $3,110 | — |
| 2020 | $16,378,964 | $1,214,695 | $566,824 | $135,000 | 4 | — | — | $4,560 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing says it follows a mission to educate guests of all ages through its automotive museum. Its stated charitable activities also include preserving vehicles and automotive memorabilia, supporting local car shows and youth programming, and assisting a local food shelf by collecting non-perishable food items from visitors.
In 2024, the foundation gave to organizations with varied activities. Pease Community Foundation describes its mission as supporting Pease Academy, a sober high school. Change the Outcome says it provides learning opportunities about opioid use, addiction, and emerging drug trends, including fentanyl and pressed pills.
Grantmaking
In 2024, the foundation gave $152,400 through 11 grants. Grant amounts ranged from $500 to $50,000, with a median grant of $5,000.
Notable 2024 grants included $50,000 to Yellow House Foundation for general support; $30,000 to Pease Community Foundation for general support; $25,000 to Horizon School for general support; and $25,000 to Change the Outcome for general support. Other grants included $7,500 to Motorhead Maddness for sponsorship and its Young Backyard Builders program, and $5,000 to Parenting with Grace for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Vaughn A Veit as CEO/Treasurer, Kelly Veit as Vice President, and Andy Anderson and Butch Hass as directors.
Veit Foundation is led by Vaughn A. Veit, CEO & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Vaughn A. Veit
CEO & Treasurer
On filings since 2020
8 hrs/week
No compensation reported
Andy Anderson
Director
On filings since 2020
1 hr/week
No compensation reported
Butch Hass
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kelly Veit
Vice President
On filings since 2020
1 hr/week
No compensation reported
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 Veit Foundation
How much does Veit Foundation give each year?
Veit Foundation gave $152K across 11 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $148K across 8 grants.
What is Veit Foundation's typical grant size?
Veit Foundation's median grant in 2024 was $5,000, and its average grant was $13,855, across 11 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Veit Foundation that year got $11K on average.
Where does Veit Foundation give grants?
Veit Foundation gives mostly in Minnesota: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (33%) and Wisconsin (16%). The most frequent recipient cities were Buffalo, MN (3 grants).
Does Veit Foundation give general operating support?
Yes: 45% of Veit Foundation's 2024 grants with a stated purpose (5 of 11) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Young Backyard Builders Program" (3 grants).
Who are Veit Foundation's largest grantees?
Veit Foundation's largest 2024 grantees include Yellow House Foundation ($50,000), Pease Community Foundation ($30,000) and Horizon School ($25,000), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.
How large is Veit Foundation?
Veit Foundation reported $17.1M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $2.5M.
What does Veit Foundation fund?
The foundation’s filing says it follows a mission to educate guests of all ages through its automotive museum. See mission & focus areas ↑
How do I apply for a grant from Veit 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 Veit Foundation's EIN?
Veit Foundation's EIN (Employer Identification Number) is 41-1948093. IRS Form 990 filing data is available on this page for 2020–2024.
Does Veit 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 September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Veit Foundation's focus areas in our free grants database
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—
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Cite this profile
Grantable. (2026). Veit Foundation funder profile. GrantGraph. Retrieved October 13, 2026, from https://grantable.co/funders/veit-foundation-morg_7c774b2960e444f8a973d6bba8fcd1a2
BibTeX
@misc{grantable_411948093_2026,
author = {{Grantable}},
title = {{Veit Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/veit-foundation-morg_7c774b2960e444f8a973d6bba8fcd1a2},
note = {Accessed 2026-10-13. 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 Veit 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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