Marsha & David Veit Charitable Foundation Inc
- Assets
- $1.6m
- Revenue
- $114.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 13-4007110
Organization Overview
Marsha & David Veit Charitable Foundation Inc is located in San Francisco, CA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marsha & David Veit Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Marsha & David Veit Charitable Foundation Inc generated $114.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $124.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marsha & David Veit Charitable Foundation Inc has awarded 414 individual grants totaling $467,728. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Veit Director/president | 0.25 | $0 | |
Marsha Veit Director/secy/treasurer | 0.25 | $0 | |
Sarah Veit Wallis Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,165 |
| Capital Gain Net Income | $69,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $420 |
| Total operating and administrative expenses | $14,007 |
| Contributions, gifts, grants paid | $110,450 |
| Total expenses and disbursements | $124,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,561 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $534,524 |
| Total assets | $1,646,090 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marsha & David Veit Charitable Foundation Inc has awarded $110,450 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: TO SUPPORT RESEARCH AND PROVIDE SUPPORT PROGRAMS/SERVICES | $15,000 |
AMERICAN CONSERVATORY THEATER (ACT) PURPOSE: TO SUPPORT CAREERS IN THE ARTS | $1,500 |
AMERICAN ASSOCIATES OF THE NATIONAL THEATRE PURPOSE: TO SUPPORT THEATRE | $940 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: SUPPORTING THE LIFE SAVING EFFORTS OF MAGEN DAVID ADOM IN ISRAEL | $500 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: SUPPORTING THE LIFE SAVING EFFORTS OF MAGEN DAVID ADOM IN ISRAEL | $1,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO ADVOCATE FOR THE SECURITY AND WELL-BEING OF JEWISH PEOPLE | $500 |