Thomas F And Anita J Veldman Family Foundation Inc
- Assets
- $86.2m
- Revenue
- $3.7m
- Investments
- $79.6m
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-1250013
Organization Overview
Thomas F And Anita J Veldman Family Foundation Inc is located in South Bend, IN. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas F And Anita J Veldman Family 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, Thomas F And Anita J Veldman Family Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 66.6% each year . All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 67.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Thomas F And Anita J Veldman Family Foundation Inc has awarded 16 individual grants totaling $7,966,034. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Veldman President & Director | 1 | $0 | |
Anita J Veldman Secretary & Director | 1 | $0 | |
Peter B Veldman Director | 1 | $0 | |
Julia Veldman Harris Treasurer & Executive Director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,211,730 |
| Interest on Savings | $539,009 |
| Dividends & Interest | $1,947,776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,009 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,650,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,638 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,669 |
| Printing and publications | $0 |
| Other expenses | $110,605 |
| Total operating and administrative expenses | $376,294 |
| Contributions, gifts, grants paid | $6,346,034 |
| Total expenses and disbursements | $6,722,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,622,034 |
| 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 | $2,829,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,246,518 |
| 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 | $7,670 |
| Total liabilities | $7,670 |
Grants Awarded
Over the last fiscal year, Thomas F And Anita J Veldman Family Foundation Inc has awarded $6,346,034 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BASHOR HOME OF THE UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $25,000 |
BOYS & GIRLS CLUBS OF ST JOSEPH COUNTY PURPOSE: MENTAL HEALTH | $63,906 |
DIOCESE OF FORT WAYNE SOUTH BEND PURPOSE: CHARITABLE | $50,000 |
INDIANA UNIVERSITY FOUNDATION INC PURPOSE: CHARITABLE | $205,000 |
MAYO CLINIC PURPOSE: MENTAL HEALTH | $50,000 |
ST MARGARET'S HOUSE PURPOSE: MENTAL HEALTH | $102,128 |