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
Under IRS private-foundation payout rules, Veritas Foundation reported a distributable amount of $376K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Chesterton Academy ($125,000), Friends of Minnesota Mens Gymnastics ($100,000), University Christian Fellowship ($53,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHESTERTON ACADEMY HOPKINS, MN | GENERAL SUPPORT | $125,000 |
| FRIENDS OF MINNESOTA MENS GYMNASTICS NEW BRIGHTON, MN | GENERAL SUPPORT | $100,000 |
| UNIVERSITY CHRISTIAN FELLOWSHIP DULUTH, MN | GENERAL SUPPORT | $53,000 |
| RIVERTREE SCHOOL MINNEAPOLIS, MN | GENERAL SUPPORT | $50,000 |
| CHI ALPHA CAMPUS MINISTRIES OF DULUTH DULUTH, MN | GENERAL SUPPORT | $27,500 |
| CHI ALPHA UMN SPRINGFIELD, MO | GENERAL SUPPORT | $8,000 |
| HOSPITALITY CENTER MINNEAPOLIS, MN | GENERAL SUPPORT | $5,500 |
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
Frequently Asked Questions
What is Veritas Foundation?
Veritas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PLYMOUTH, MN. It holds $7.9M in total assets as of 2024.
How large is Veritas Foundation?
As of 2024, Veritas Foundation holds $7.9M in total assets with $419K in annual revenue. It awarded 7 grants totaling $369K in 2024.
Where does Veritas Foundation operate?
Veritas Foundation has awarded grants in Colorado, Georgia, Minnesota, Missouri, North Carolina.
What size grants does Veritas Foundation award?
In 2024, Veritas Foundation awarded 7 grants totaling $369K — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is Veritas Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Veritas Foundation reported a distributable amount of $376K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Veritas 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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