The Veteto Foundation
Accepts applications
The Veteto Foundation is a private foundation in Hobbs, New Mexico. In tax year 2024 it gave $34,000 in 8 grants; the typical grant was $5,000 and the largest $5,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$34,000
- Number of grants8
- Typical grant$5,000
- Largest grant$5,000
- Assets$15,956
- New grantees63%
Giving in 2024 was down from $36,500 the year before.
63% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $36,500 | 9 | $19,795 |
| 2024 | $34,000 | 8 | $15,956 |
How to apply
| Contact | Award Committee 401 W Taylor, Hobbs, NM 88240 |
|---|---|
| Phone or email | (575) 397-7750 |
| What to submit | Nominations from principals in the hobbs municipal school district |
| Deadlines | End of school year in question |
| Restrictions | Individual recipients must be full-time teachers in the hobbs community. Non-profit organization recipients must be qualified for an exemption for federal income tax purposes under section 501(c)(3) and meeting the foundation's general purposes. |
Foundation website IRS filings on ProPublica
What The Veteto Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to New Mexico.
| State | Grants | Amount |
|---|---|---|
| New Mexico | 7 | $29,000 |
| Texas | 1 | $5,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Marsha Campbell | Promotion of education | $5,000 |
| Bertha Espinoza | Promotion of education | $5,000 |
| Lisa Parker | Promotion of education | $5,000 |
| Palmer Drug Abuse Program | Drug abuse counseling | $5,000 |
| Adela Prieto | Promotion of education | $5,000 |
| Amparo Reynosa | Promotion of education | $5,000 |
| Southwest Symphony Inc | Promotion of education | $3,000 |
| Mypower | Promotion of education | $1,000 |
Officers and trustees
- Mark Veteto
- Scotty Holloman
- Janey Roan
- Kali D'onofrio
- Patti Veteto
- Charlton Roan
Questions people ask
Does The Veteto Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: End of school year in question.
How much does The Veteto Foundation give?
$34,000 in tax year 2024, across 8 grants, with a typical grant of $5,000.
Who runs The Veteto Foundation?
Its 2024 filing lists Mark Veteto (President), Scotty Holloman (Director), Janey Roan (Director) and Kali D'onofrio (Director) among 6 officers and trustees.
What does The Veteto Foundation fund?
Based on its grants, mainly education.