Visa VEL Foundation
Visa VEL Foundation is a private foundation focused on Environment & Animals, based in Frisco, TX. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $13.7M in total assets. In 2022, it awarded 2 grants totaling $124K.
Visa VEL Foundation at a glance
In short: Visa VEL Foundation gave $124K across 2 grants in 2022 (avg $62K), mostly in Texas. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $124,000
- +1671.4% vs 2021
- Grants made (2022)
- 2
- +100.0% vs 2021
- Average grant
- $62,000
- +785.7% vs 2021
- Median grant
- $62,000
- Total assets
- $13,713,144
- +433.4% vs 2021
- Primary geography
- Texas (60% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Visa VEL Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2022
The largest 2022 recipient was Nanban Foundation ($75K). Together the top 2 received $124K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $7K (2021) to $124K (2022). In 2022 it made 2 grants totaling $124K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nanban Foundation Frisco, TX | Gneral Support | $75,000 |
| Development Activities for Rural Pe | General Support | $49,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2022 | $13,713,144 | $11,266,142 | $124,000 | $124,000 | 2 | $124,000 |
| 2021 | $2,571,002 | $2,578,497 | $7,495 | $7,000 | 1 | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Visa VEL Foundation's 2022 filing lists 2 officers; none of the 2 officers listed in 2022 report compensation.
Officers on the 2022 filing
Sakthivel Palani Gounder
Trustee
On filings since 2021
4 hrs/week
No compensation reported
Vidhya Rasu
Trustee
On filings since 2021
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2022. "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 Visa VEL Foundation
How much does Visa VEL Foundation give each year?
Visa VEL Foundation gave $124K across 2 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $7K across 1 grant.
How large is Visa VEL Foundation?
Visa VEL Foundation reported $13.7M in total assets on its 2022 IRS Form 990-PF. Its revenue that year was $11.3M.
What is Visa VEL Foundation?
Visa VEL Foundation is a private foundation focused on Environment & Animals, based in Frisco, TX. It holds $13.7M in total assets as of 2022.
Where does Visa VEL Foundation operate?
Visa VEL Foundation has awarded grants in Texas.
What is Visa VEL Foundation's EIN?
Visa VEL Foundation's EIN (Employer Identification Number) is 85-4325575. IRS Form 990 filing data is available on this page for 2021–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2022
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Browse active grant opportunities in Visa VEL Foundation's focus areas in our free grants database
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