The Veloric Foundation
Preselected recipients only
The Veloric Foundation is a private foundation in Bala Cynwyd, Pennsylvania. In tax year 2024 it gave $513,900 in 30 grants; the typical grant was $5,000 and the largest $105,500. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$513,900
- Number of grants30
- Typical grant$5,000
- Largest grant$105,500
- Assets$6.8 million
- New grantees63%
Giving in 2024 was down from $7.4 million 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 |
|---|---|---|---|
| 2021 | $0 | 0 | $4.6 million |
| 2022 | $477,000 | 11 | $13.4 million |
| 2023 | $7.4 million | 24 | $7.2 million |
| 2024 | $513,900 | 30 | $6.8 million |
How to apply
The Veloric Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The Veloric Foundation funds
Where it gives
Its grants went to recipients in 7 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 5 | $209,600 |
| Pennsylvania | 18 | $147,700 |
| District of Columbia | 1 | $105,500 |
| Florida | 2 | $30,000 |
| Nevada | 1 | $15,000 |
| New Jersey | 2 | $5,100 |
| Oklahoma | 1 | $1,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| American University | Contribution | $105,500 |
| American Jewish Committeejacob Blaustein Bldg | Contribution | $100,000 |
| American Technion Society | Contribution | $100,000 |
| Council for Relationships | Contribution | $55,000 |
| Boca Raton Regional Hospital | Contribution | $20,000 |
| The Enterprise Center Community Develpoment Corpor | Contribution | $20,000 |
| Shane Victorino Foundation | Contribution | $15,000 |
| Anti Defamation League | Contribution | $10,000 |
| Bryn Mawr Foundation | Contribution | $10,000 |
| Drexel University | Contribution | $10,000 |
| Global Independence Centre | Contribution | $10,000 |
| Jewish Federation of South Palm Beach | Contribution | $10,000 |
| University of the Arts | Contribution | $10,000 |
| Jewish Federation of Greater Philadelphia | Contribution | $5,000 |
| Jewish National Fund | Contribution | $5,000 |
| Jewish Relief Agency | Contribution | $5,000 |
| Mediation for Leadership | Contribution | $5,000 |
| Boys Town Jerusalem Foundation | Contribution | $3,600 |
| First Seder | Contribution | $3,600 |
| Main Line Art Center | Contribution | $1,800 |
| Politz Hebrew Academy | Contribution | $1,800 |
| Clean Air Council | Contribution | $1,000 |
| Folds of Honor | Contribution | $1,000 |
| Jafco | Contribution | $1,000 |
| Magical Mila Foundation | Contribution | $1,000 |
| Memorial Sloan Kettering | Contribution | $1,000 |
| Philadelphia Jewish Sports Hall of Fame | Contribution | $1,000 |
| The Ben to the Shore Tour | Contribution | $1,000 |
| National Society of Colonial Dames (Nscda) | Contribution | $500 |
| Neistader Pancreatic Research Fund | Contribution | $100 |
Officers and trustees
- Michael Veloric
- Maureen Healy
Questions people ask
Does The Veloric Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Veloric Foundation give?
$513,900 in tax year 2024, across 30 grants, with a typical grant of $5,000.
Who runs The Veloric Foundation?
Its 2024 filing lists Michael Veloric (President) and Maureen Healy (Secretary and Treasurer).
What does The Veloric Foundation fund?
Based on its grants, mainly education, faith communities and arts and culture.