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Filing year 2023

THE VELORIC FOUNDATION

Bala Cynwyd, Pennsylvania·EIN 23-2387629·NTEE J20Z · Employment·501(c)(3)
Total revenue
$521k
Total assets
$7.2M
Total expenses
$7.5M
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2023. THE VELORIC FOUNDATION reported 2 unpaid officers and board members on its 990-PF.

Secretary and Treasurer
President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$7.4M

Itemized grants

24

Median grant

$10k

RecipientLocationPurposeAmount
FIDELITY CHARITABLE GIFT FUNDBOSTON, MACONTRIBUTION$6.8M
AMERICAN UNIVERSITYWASHINGTON, DCCONTRIBUTION$100k
AMERICAN JEWISH COMMITTEEJACOB BLAUSTEIN BLDGNEW YORK, NYCONTRIBUTION$100k
AMERICAN TECHNION SOCIETYNEW YORK, NYCONTRIBUTION$100k
AMERICAN TECHNION SOCIETYNEW YORK, NYCONTRIBUTION$100k
BOCA RATON REGIONAL HOSPITAL INCBOCA RATON, FLCONTRIBUTION$40k
COUNCIL FOR RELATIONSHIPS INCPHILADELPHIA, PACONTRIBUTION$25k
THE ENTERPRISE CENTERPHILADELPHIA, PACONTRIBUTION$20k
JEWISH FEDERATION OF SOUTH PALM BEACHBOCA RATON, FLCONTRIBUTION$20k
SHANE VICTORINO FOUNDATIONLAS VEGAS, NVCONTRIBUTION$15k
MEDITATION4LEADERSHIPMOORESTOWN, NJCONTRIBUTION$10k
GLOBAL INTERDEPENDENCE CENTERPHILADELPHIA, PACONTRIBUTION$10k
THE UNIVERSITY OF THE ARTSPHILADELPHIA, PACONTRIBUTION$10k
DREXEL UNIVERSITYPHILADELPHIA, PACONTRIBUTION$10k
THE UNIVERSITY OF THE ARTSPHILADELPHIA, PACONTRIBUTION$10k
WOODS SERVICES INCLANGHORNE, PACONTRIBUTION$5k
PHILADELPHIA RONALD MCDONALDS HOUSEPHILADELPHIA, PACONTRIBUTION$5k
BOYS TOWN JERUSALEM FOUNDATION OF AMERICANEW YORK, NYCONTRIBUTION$3k
BOYS TOWN JERUSALEM FOUNDATION OF AMERICANEW YORK, NYCONTRIBUTION$3k
JEWISH NATIONAL FUNDNEW YORK, NYCONTRIBUTION$2k
ANGEL FLIGHT EASTBLUE BELL, PACONTRIBUTION$1k
THE ELWYN FOUNDATIONELWYN, PACONTRIBUTION$1k
THE MAGICAL MILA FOUNDATIONJENKINTOWN, PACONTRIBUTION$1k
GLOBAL INTERDEPENDENCE CENTERPHILADELPHIA, PACONTRIBUTION$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE VELORIC FOUNDATION reported revenue and expenses across 3 filing years.

RevenueExpenses
$99k
$993k
2021
$8.6M
$1.1M
2022
$521k
$7.5M
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Employment executives earn in Pennsylvania

THE VELORIC FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable employment organization in Pennsylvania earns a median of $100,204.

25th percentile
$28k
Median
$100,204
75th percentile
$162k
90th percentile
$244k

These are employment sector-wide figures, not this organization's reported pay. Based on 177 organizations across 177 filings (2022 – 2024).

See full Employment pay data for Pennsylvania →
FAQ

Common questions about THE VELORIC FOUNDATION

What are THE VELORIC FOUNDATION's revenue and expenses?

In 2023, THE VELORIC FOUNDATION reported $521k in total revenue and $7.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.