THE VELA EDUCATION FUND EXISTS TO ACCELERATE EDUCATION INNOVATION AND OPPORTUNITY FOR EVERY LEARNER BY: SUPPORTING EVERYDAY ENTREPRENEURS BUILDING CUSTOM EDUCATION PROGRAMS TO MEET FAMILIES LEARNERS' NEEDS, INCREASING AWARENESS OF NONTRADITIONAL EDUCATION, AND ACCELERATING ADOPTION BY MORE FAMILIES AND COMMUNITIES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.4M
+58.3% YoY
Annual Giving
$4.7M
-47.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$4.7M
-47.5% YoY
About Vela Education Fund
Based on IRS filings
Vela Education Fund is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in DEERFIELD, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.4M in total assets. In 2024, it awarded 1 grants totaling $4.7M. Net investment income was $717K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,403,298 | $13,520,815 | $8,295,380 |
| Revenue | $18,940,669 | $18,518,008 | $16,079,595 |
| Expenses | $11,450,200 | $13,589,002 | $14,996,723 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $716,828 | $465,263 | $4,217 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MEREDITH OLSON | BOARD MEMBER/EXEC DIRECTOR | 1 | — |
| CALEB OFFLEY | BOARD MEMBER (Outgoing) | 1 | — |
| DEREK JOHNSON | BOARD MEMBER | 1 | — |
| EDWARD HUI | BOARD MEMBER (Outgoing) | 1 | — |
| TODD ROSE | BOARD MEMBER | 1 | — |
| Henrich Heuer | TREASURER | 1 | — |
| Weston Edwards | SECRETARY | 1 | — |
| Ashley Ho | Director of Product Strategy | 50 | $139,388 |
| ELIZABETH SELING | CHIEF OF OPERATIONS | 50 | $367,017 |
| LAUREN GREVEL | DIRECTOR OF PROGRAMS | 50 | $170,600 |
| LINDSAY KELLY | DIRECTOR-BRAND AND COMMUNICATIONS | 50 | $206,040 |
| SHAINA BELTON | DIRECTOR OF COMMUNITY | 50 | $112,997 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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