Rw Veit Family Foundation
- Assets
- $1.1m
- Revenue
- $19.4k
- Investments
- $785.3k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4185248
Organization Overview
Rw Veit Family Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Rw Veit Family Foundation 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 12/2022, Rw Veit Family Foundation generated $19.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $58.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rw Veit Family Foundation has awarded 11 individual grants totaling $121,500. 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 |
|---|---|---|---|
Nicole Veit VP | 1 | $0 | |
Alexander Veit VP | 1 | $0 | |
Roland W Veit Dir, Pres, Sec, Treas | 1 | $0 | |
Christina Veit VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $515 |
| Dividends & Interest | $38,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,124 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,615 |
| Total operating and administrative expenses | $9,873 |
| Contributions, gifts, grants paid | $48,500 |
| Total expenses and disbursements | $58,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $297,822 |
| 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 | $0 |
| Total assets | $1,083,104 |
| 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, Rw Veit Family Foundation has awarded $48,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Fe, NM PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Memphis, TN PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Long Island City, NY PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Palm Beach Gardens, FL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Jupiter, FL PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Newark Alliance Inc Newark, NJ | $3,740,799 | $2,492,723 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Voorhis Foundation Wilmington, DE | $18,620,361 | $1,505,500 |
Parkinsons Unity Walk Inc Kingston, NJ | $273,862 | $1,360,764 |
Yeshivas Dvar Torah Inc Lakewood, NJ | $90,135 | $1,479,852 |
Buckley Foundation Tr Philadelphia, PA | $31,437,731 | $1,169,391 |
Drug Prevention And Rehabilitation Foundation Wilmington, DE | $889,262 | $1,701,124 |
Realogy Charitable Foundation Inc Madison, NJ | $3,284,234 | $1,905,358 |