Vermont Energy Investment Corporation
Vermont Energy Investment Corporation (VEIC) is a public charity based in Winooski, Vermont, founded in 1986. It works on clean-energy solutions, including energy efficiency, building decarbonization, transportation electrification, and making electricity grids clean and flexible. Its 2024 filing reports grants to Vermont organizations, including awards for indoor air quality and workforce development.
Vermont Energy Investment Corporation at a glance
In short: Vermont Energy Investment Corporation gave $8.5M across 21 grants in 2024 (avg $406K), mostly in Vermont. 48% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $8,520,585
- +247.3% vs 2023
- Grants made (2024)
- 21
- +75.0% vs 2023
- Average grant
- $405,742
- +98.5% vs 2023
- Median grant
- $300,000
- Total assets
- $53,392,034
- +0.9% vs 2023
- New grantees (estimate)
- 48% first-time grantees (10 of 21, 2024; small sample)
- Primary geography
- Vermont (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Vermont Energy Investment Corporation
- Contact
Mailing address: 20 Winooski Falls Way 5Th Floor, Winooski, VT 05404
Phone: (800) 639-6069
Website: https://veic.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Vermont Energy Investment Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Rutland West Neighborhood Housing Services ($1.0M). Together the top 10 received $6.5M.
Grant Size Distribution
178 grants across all recorded years
The most common grant size was under $50K: 87 grants of 178 (49%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Vermont. VEIC also describes providing national and international consulting services and working with partners across North America.
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
States
Cities
Is Vermont Energy Investment Corporation open to new grantees?
48%
first-time grantees, 2024
In 2024, 10 of 21 grantees (48%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $404K; repeat grants $407K. How we count
Medians: $245K first-time, $374K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $380K (2021) to $14.9M (2020). In 2024 it made 21 grants totaling $8.5M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rutland West Neighborhood Housing Services Rutland, VT | Workforce Development | $1,000,000 |
| Southwest Vermont Supervisory Union Bennington, VT | Indoor Air Quality | $930,000 |
| Rutland Northeast Supervisory Union Brandon, VT | Indoor Air Quality | $834,185 |
| Central Vermont Supervisory Union Williamstown, VT | Indoor Air Quality | $750,000 |
| Lyndon Institute Lyndon Center, VT | Indoor Air Quality | $616,655 |
| Vermont Achievement Center Rutland, VT | Indoor Air Quality | $614,890 |
| Mount Abraham Unified School District Bristol, VT | Indoor Air Quality | $506,400 |
| Orange East Supervisory Union Bradford, VT | Indoor Air Quality | $503,840 |
| Burlington School District Burlington, VT | Indoor Air Quality | $380,838 |
| Milton Town School District Milton, VT | Indoor Air Quality | $374,487 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $53,392,034 | $130,939,426 | $131,141,340 | $8,520,585 | 21 | $726,184 |
| 2023 | $52,913,819 | $123,099,830 | $121,025,310 | $2,453,227 | 12 | $722,987 |
| 2022 | $52,044,292 | $108,745,667 | $106,290,392 | $734,368 | Total only | $144,183 |
| 2021 | $38,391,512 | $94,935,292 | $90,928,851 | $380,343 | 7 | $82,834 |
| 2020 | $42,152,408 | $121,662,420 | $116,957,963 | $14,936,193 | 138 | $110,380 |
| 2019 | $26,906,393 | $99,018,110 | $96,107,411 | — | — | $155,116 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
VEIC states that it is “on a mission to generate the energy solutions the world needs,” working to combat the climate crisis, boost community resilience, and lower energy costs. Its stated areas of work include energy efficiency, building decarbonization, transportation electrification, and making electricity grids clean and flexible.
In 2024, VEIC’s listed grants included awards for indoor air quality and workforce development. Among the recipients, Lyndon Institute describes its mission as inspiring students to become accomplished learners, creative thinkers, and compassionate community members. Vermont Achievement Center says it provides programs to build life skills and help people reach their potential. Clara Martin Center describes its mission as providing mental health and substance abuse services to Orange County residents, while Community House describes providing rehabilitative services in Windham County, including residential, school, and camp programs.
Grantmaking
In filing year 2024, VEIC reported 21 grants totaling $8,520,585. Awards ranged from $24,500 to $1,000,000, with a median grant of $300,000. The largest listed award was $1,000,000 to Rutland West Neighborhood Housing Services for workforce development. Other large awards included $930,000 to Southwest Vermont Supervisory Union and $834,185 to Rutland Northeast Supervisory Union, both for indoor air quality.
VEIC’s website lists requests for proposals, qualifications, and information as contracting opportunities for communities, organizations, and experts. It says prospective partners should review the guidelines for a specific opportunity and direct questions to the listed point of contact. The available information does not specify grant-application materials or a general grant deadline.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ellen Zuckerman as chair; Nancy Owens as vice chair; Oswaldo Acosta as treasurer; and Cederick Anthony Pickett as secretary. Directors listed are Dianne Dillon-Ridgley, Vincent Valdes, Nick Richardson, Dale Bryk, and Jacob Park. Brandi Colander is listed as a director through September 2024.
Vermont Energy Investment Corporation is led by Rebecca Foster, Chief Executive Officer since 2023 (on filings since 2019); 22 of 24 officers listed in 2024 are compensated.
Officers on the 2024 filing
Rebecca Foster
Chief Executive Officer
Interim CEO & Starting July → CEO, 2021
CEO → Chief Executive Officer, 2023
On filings since 2019
37.5 hrs/week
$162K (2019) → $373K (2024)
Ellen Zuckerman
Chair
Director → Chair, 2023
On filings since 2019
1 hr/week
$3K (2019) → $4K (2024)
Peter Walke
Managing Director & Efficiency Vt
On filings since 2023
37.5 hrs/week
$183K (2023) → $191K (2024)
Ben Burdick
Interim Managing Director & Dcseu
New on the 2024 filing
37.5 hrs/week
$192K (2024)
Janet Besser
Director
On filings since 2019
1 hr/week
$2K (2019) → $0 (2024)
Matthew Dooley
Man. Director, En Serv, Int. COO A & O Nov
Director & Energy Services → Managing Director & Energy Services, 2023
Managing Director & Energy Services → Man. Director, En Serv, Int. COO A & O Nov, 2024
On filings since 2019
37.5 hrs/week
$177K (2019) → $243K (2024)
Nick Richardson
Director
Treasurer → Board Chair, 2021
Board Chair → Director, 2024
On filings since 2019
1 hr/week
$2K (2019) → $2K (2024)
Angela Johnson
Director, Finance & Dcseu
Director & Finance → Director, Finance & Dcseu, 2023
On filings since 2020
37.5 hrs/week
$152K (2020) → $205K (2024)
Dianne Dillon-Ridgley
Director
On filings since 2020
1 hr/week
$2K (2020) → $2K (2024)
Brandi Colander
Director
On filings since 2022
1 hr/week
$2K (2022) → $2K (2024)
Merrian Borgeson
Director
On filings since 2022
1 hr/week
$2K (2023) → $0 (2024)
Dale Bryk
Director
On filings since 2023
1 hr/week
$1K (2023) → $2K (2024)
Ernest Jolly
Man. Director & Dcseu
Managing Director & Dcseu → Man. Director & Dcseu, 2024
On filings since 2023
37.5 hrs/week
$229K (2023) → $161K (2024)
Jacob Park
Director
On filings since 2023
1 hr/week
$1K (2023) → $2K (2024)
Vincent Valdes
Director
New on the 2024 filing
1 hr/week
$2K (2024)
Nancy Owens
Vice Chair
Director → Vice Chair, 2023
On filings since 2019
1 hr/week
$500 (2019) → $3K (2024)
Cederick Anthony Pickett
Secretary
Director → Secretary, 2024
On filings since 2021
1 hr/week
$2K (2021) → $2K (2024)
Katherine Meyers
Chief Financial Officer
CFO → Chief Financial Officer, 2023
On filings since 2021
37.5 hrs/week
$151K (2021) → $275K (2024)
Oswaldo Acosta
Treasurer
Director → Treasurer, 2023
On filings since 2021
1 hr/week
$3K (2022) → $3K (2024)
Pierre Van Der Merwe
Chief Technology Officer
On filings since 2021
37.5 hrs/week
$140K (2021) → $249K (2024)
Lisa Harris
Chief People Officer
On filings since 2022
37.5 hrs/week
$190K (2022) → $266K (2024)
Brian Kealoha
Chief Growth & Impact Officer
On filings since 2023
37.5 hrs/week
$207K (2023) → $254K (2024)
Louis Hutchinson
COO
Chief Operating Officer → COO, 2024
On filings since 2023
37.5 hrs/week
$191K (2023) → $250K (2024)
Stephanie Phillips
Chief General Counsel
On filings since 2023
37.5 hrs/week
$178K (2023) → $187K (2024)
Former officers (25)
- Former: Isabelina Nahmens (2019–2023) — Director
- Former: Marc Mihaly (2020–2023) — Director
- Former: Tony Pickett (2020–2023) — Secretary
- Former: Elizabeth Wilson (2019–2022) — Director
- Former: Kurt Janson (2019–2022) — Chief General Counsel
- Former: Theodore Trabue (2019–2022) — Director & Dc Seu
- Former: Patricia Boyd (2021–2022) — Director, Technology & Innovation
- Former: Brandon Bowles (2022) — Interim Director & Dc Seu
- Former: Richard Cowart (2019–2021) — Director
- Former: Scott Comeau (2019–2021) — CFO
- Former: Carol Weston (2020–2021) — Director & Evt Operations
- Former: Jennifer Wallace Brodeur (2021) — Director & Consulting
- Former: Barry Hulce (2019–2020) — Director & Distributed Utilities Svcs
- Former: Colin Owyang (2019–2020) — Director
- Former: James Madej (2019–2020) — CEO
- Former: Michael Dworkin (2019–2020) — Director
- Former: Maria Brown (2020) — Director, Mktg, Bus Development & Policy
- Former: Thomas Kacandes (2020) — Business Development & Sales Manager
- Former: Dianne Ridgley-Dillion (2019) — Director
- Former: Gus Seelig (2019) — Director
- Former: Jill Murray (2019) — Director, People & Culture
- Former: Marcus Walker (2019) — Director Dc Seu Operations
- Former: Meg Power (2019) — Director
- Former: Shawn Fenstermacher (2019) — General Manager & Mid-Atlantic Region
- Former: Sue Coakley (2019) — Vice Chair
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $373K, to Rebecca Foster (Chief Executive Officer). 22 officers or directors reported compensation on that filing.
Frequently asked questions about Vermont Energy Investment Corporation
How much does Vermont Energy Investment Corporation give each year?
Vermont Energy Investment Corporation gave $8.5M across 21 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $2.5M across 12 grants.
What is Vermont Energy Investment Corporation's typical grant size?
Vermont Energy Investment Corporation's median grant in 2024 was $300,000, and its average grant was $405,742, across 21 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Vermont Energy Investment Corporation that year got $404K on average.
Where does Vermont Energy Investment Corporation give grants?
Vermont Energy Investment Corporation gives mostly in Vermont: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Rutland, VT (2 grants).
Does Vermont Energy Investment Corporation give general operating support?
Not in 2024: none of the 21 grants with a stated purpose on Vermont Energy Investment Corporation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Indoor Air Quality" (19 grants).
Who are Vermont Energy Investment Corporation's largest grantees?
Vermont Energy Investment Corporation's largest 2024 grantees include Rutland West Neighborhood Housing Services ($1,000,000), Southwest Vermont Supervisory Union ($930,000) and Rutland Northeast Supervisory Union ($834,185), according to its 2024 IRS Form 990. Together they received 32% of its itemized 2024 grant dollars.
How large is Vermont Energy Investment Corporation?
Vermont Energy Investment Corporation reported $53.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $130.9M.
What does Vermont Energy Investment Corporation fund?
VEIC states that it is “on a mission to generate the energy solutions the world needs,” working to combat the climate crisis, boost community resilience, and lower energy costs. See mission & focus areas ↑
How do I apply for a grant from Vermont Energy Investment Corporation?
Vermont Energy Investment Corporation has no public application process in the sources Grantable reviewed. Check veic.org for current guidelines, or contact the foundation directly before submitting a request.
What is Vermont Energy Investment Corporation's EIN?
Vermont Energy Investment Corporation's EIN (Employer Identification Number) is 03-0304418. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS November 13, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 19, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 21, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 6, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Vermont Energy Investment Corporation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Vermont Energy Investment Corporation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/vermont-energy-investment-corporation-morg_eef15e38815c4d20a1e344a0e14a6b4b
BibTeX
@misc{grantable_030304418_2026,
author = {{Grantable}},
title = {{Vermont Energy Investment Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/vermont-energy-investment-corporation-morg_eef15e38815c4d20a1e344a0e14a6b4b},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Vermont Energy Investment Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Vermont Energy Investment Corporation down — hundreds of funders to go?