Velting Foundation
Velting Foundation is a private foundation, based in WAYLAND, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 3 grants totaling $150K. Net investment income was $148.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$185K
-0.3% YoY
Annual Giving
$150K
+0.0% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$50K
-33.3% YoY
Under IRS private-foundation payout rules, Velting Foundation reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Velting Foundation
Based on IRS filings
Velting Foundation is a private foundation, based in WAYLAND, MI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $185K in total assets. In 2024, it awarded 3 grants totaling $150K. Net investment income was $148.
Ready to take the next step with Velting Foundation?
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 | $184,638 | $185,242 | $235,575 |
| Revenue | $150,148 | $100,160 | $100,214 |
| Expenses | $150,752 | $150,493 | $28,482 |
| Qualifying Distributions | $150,752 | $150,493 | $28,482 |
| Net Investment Income | $148 | $160 | $214 |
| Distributable Amount | $7,737 | $9,120 | $9,833 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grace Adventures ($80,000), Grace Christian University ($50,000), Christianity Outdoors ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GRACE ADVENTURES SILVER LAKE, MI | CHARITABLE PURPOSE | $80,000 |
| CHRISTIANITY OUTDOORS JENISON, MI | CHARITABLE PURPOSE | $20,000 |
| GRACE CHRISTIAN UNIVERSITY GRAND RAPIDS, MI | CHARITABLE PURCHASE | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT VELTING | SECY/TREAS | — | — |
Frequently Asked Questions
How large is Velting Foundation?
As of 2024, Velting Foundation holds $185K in total assets with $150K in annual revenue. It awarded 3 grants totaling $150K in 2024.
Where does Velting Foundation operate?
Velting Foundation has awarded grants in Colorado, Michigan.
What size grants does Velting Foundation award?
In 2024, Velting Foundation awarded 3 grants totaling $150K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Velting Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Velting Foundation reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Velting Foundation's EIN?
Velting Foundation's EIN (Employer Identification Number) is 38-1859282. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Velting 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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