Veritas Foundation
Veritas Foundation is a private foundation, based in Plymouth, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.8M in total assets. In 2025, it awarded 7 grants totaling $1.3M. Net investment income was $215K.
Veritas Foundation at a glance
In short: Veritas Foundation gave $1.3M across 7 grants in 2025 (avg $184K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,285,000
- +248.2% vs 2024
- Grants made (2025)
- 7
- +0.0% vs 2024
- Average grant
- $183,571
- +248.2% vs 2024
- Median grant
- $46,000
- Total assets
- $6,847,795
- -13.5% vs 2024
- Primary geography
- Minnesota (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Veritas Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Hand in Hand Christian Montessori Home School Academy ($800K). Together the top 7 received $1.3M.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 16 grants of 32 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Veritas Foundation gives
- Giving grew 130% from 2022 to 2025. Method
- In 2025 it paid out 345% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $212K (2021) to $1.4M (2019). In 2025 it made 7 grants totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hand in Hand Christian Montessori Home School Academy Roseville, MN | General Support | $800,000 |
| Kaleidoscope Performing Arts Minneapolis, MN | General Support | $250,000 |
| Friends of Minnesota Mens Gymnastics Lakeville, MN | General Support | $100,000 |
| Global Student Initiatives Columbus, GA | General Support | $46,000 |
| University Christian Fellowship Duluth, MN | General Support | $39,000 |
| Chi Alpha Campus Ministries of Duluth Duluth, MN | General Support | $30,000 |
| Chi Alpha UMN Springfield, MO | General Support | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,847,795 | $214,738 | $1,285,010 | $1,285,000 | 7 | $1,285,000 | $214,728 | $372,134 |
| 2024 | $7,916,069 | $419,002 | $419,025 | $369,000 | 7 | $369,025 | $419,002 | $376,119 |
| 2023 | $7,920,887 | $2,592,139 | $326,454 | $318,500 | 6 | $322,489 | $2,588,174 | $312,299 |
| 2022 | $5,569,667 | $-95,534 | $577,643 | $559,000 | 5 | $559,050 | $144,000 | $352,011 |
| 2021 | $6,252,158 | $794,231 | $219,111 | $211,800 | 7 | $214,056 | $791,376 | $372,447 |
| 2020 | $5,674,317 | $53,647 | $237,595 | $232,705 | 9 | — | $108,089 | $321,317 |
| 2019 | $5,865,962 | $1,478,991 | $1,643,886 | $1,361,372 | 8 | — | $1,473,624 | $582,637 |
Under IRS private-foundation payout rules, Veritas Foundation reported a distributable amount of $372K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Veritas Foundation is led by Patricia J. Karle, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Patricia J. Karle
President
On filings since 2019
5 hrs/week
No compensation reported
Kristine E. Isaac
Secretary
On filings since 2019
5 hrs/week
No compensation reported
Peter S. Karle
Treasurer
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Veritas Foundation
How much does Veritas Foundation give each year?
Veritas Foundation gave $1.3M across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $369K across 7 grants.
What is Veritas Foundation's typical grant size?
Veritas Foundation's median grant in 2025 was $46,000, and its average grant was $183,571, across 7 grants on its 2025 IRS Form 990-PF.
Where does Veritas Foundation give grants?
Veritas Foundation gives mostly in Minnesota: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Duluth, MN (2 grants).
Does Veritas Foundation give general operating support?
Yes: 100% of Veritas Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Veritas Foundation's largest grantees?
Veritas Foundation's largest 2025 grantees include Hand in Hand Christian Montessori Home School Academy ($800,000), Kaleidoscope Performing Arts ($250,000) and Friends of Minnesota Mens Gymnastics ($100,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is Veritas Foundation?
Veritas Foundation reported $6.8M in total assets on its 2025 IRS Form 990-PF. It paid out $1.3M in qualifying distributions that year, against a required minimum of $372K (roughly 5% of its investment assets).
What is Veritas Foundation's EIN?
Veritas Foundation's EIN (Employer Identification Number) is 20-2522960. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 15, 2020)
- Added Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Veritas Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Veritas Foundation's focus areas in our free grants database
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