Rw Veit Family Foundation
- Assets
- $1.0m
- Revenue
- -$21.0k
- Investments
- $956.1k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2023
- 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.
Since 2020, Rw Veit Family Foundation has awarded 17 individual grants totaling $167,500. 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 |
|---|---|---|---|
Alexander Veit VP | 1 | $0 | |
Christina Veit VP | 1 | $0 | |
Nicole Veit VP | 1 | $0 | |
Roland W Veit Dir, Pres, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,678 |
| Dividends & Interest | $29,098 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,802 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$21,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,553 |
| Total operating and administrative expenses | $10,752 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $56,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,622 |
| Net Accounts receivable | $2,567 |
| 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 | $1,005,326 |
| 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 $46,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BALLENISLES CHARTIES FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CHASIN A DREAM FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
GROUNDS FOR HEALTH INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
JCK FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
SOLACE HOUSE INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
SUMMER OF SASS INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |