Veritas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.9M in total assets. In 2024, it awarded 7 grants totaling $369K. Net investment income was $419K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.9M
-0.1% YoY
Annual Giving
$369K
+15.9% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$53K
-0.7% YoY
About Veritas Foundation
Based on IRS filings
Veritas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.9M in total assets. In 2024, it awarded 7 grants totaling $369K. Net investment income was $419K.
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 | 2021 |
|---|---|---|---|
| Total Assets | $7,916,069 | $7,920,887 | $6,252,158 |
| Revenue | $419,002 | $2,592,139 | $794,231 |
| Expenses | $419,025 | $326,454 | $219,111 |
| Qualifying Distributions | $369,025 | $322,489 | $214,056 |
| Net Investment Income | $419,002 | $2,588,174 | $791,376 |
| Distributable Amount | $376,119 | $312,299 | $372,447 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
29 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 |
|---|---|---|---|
| PATRICIA J KARLE | PRESIDENT | 5 | — |
| PETER S KARLE | TREASURER | 5 | — |
| KRISTINE E ISAAC | SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Donald and Luella Zibell Family Foundation
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Minnesota Citizens Concerned
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Assets
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Total Given
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Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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