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Nonprofit · EIN 34-6565830

VEALE FOUNDATION

Tax-exempt · PEPPER PIKE, OH 44124

Financials

$7.5M$8.9M2023$12.6M$8.4M2024
Revenue Expenses · by fiscal year end
Financials of VEALE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$12,596,602$8,370,689$4,225,913$122,186,644$0$122,186,644
December 31, 2023990-PF$7,471,341$8,944,440-$1,473,099$121,152,263$1,140$121,151,123
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$2,455,058
Net gain from sales of assets
$3,966,282
Other income
$6,175,262

Expenses

Grants and similar amounts paid
$6,850,100
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$240,496
Disbursements for charitable purposes
$7,296,362
Excise tax on investment income
$160,467

Balance sheet and other

Total assets, start of year
$121,152,263
Total assets, end of year
$122,186,644
Total liabilities, end of year
$0
Net assets, end of year
$122,186,644
Fair market value of assets
$176,572,031
Qualifying distributions
$7,296,362
Net investment income
$12,596,602

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRANT FAIRCHILD
30100 CHAGRIN BLVD SUITE 210, PEPPER PIKE, OH 44124
EXECUTIVE DIRECTOR
Highest-paid employee
40$109,748$3,663
DANIEL HARRINGTON
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
CHAIRMAN4$0$0
WILLIAM JAMES CULBERTSON
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE0.5$0$0
WILLIAM BRANCOVSKY
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE0.5$0$0
THOMAS HARRINGTON
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE0.5$0$0
THOMAS DICARRO
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE4$0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
DANIEL HARRINGTON
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
CHAIRMAN4$0
WILLIAM JAMES CULBERTSON
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE0.5$0
WILLIAM BRANCOVSKY
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE0.5$0
THOMAS HARRINGTON
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE0.5$0
THOMAS DICARRO
30100 Chagrin Blvd 210, Pepper Pike, OH 44124
TRUSTEE4$0

Address and contacts

Address (IRS master file)
30100 CHAGRIN BLVD STE 210, PEPPER PIKE, OH 44124-5705
In care of
% DANIEL HARRINGTON
Signed the 990-PF
DANIEL HARRINGTON, CHAIRMAN
Phone
(216) 255-3166
Return prepared by
CONNER & ASSOCIATES LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
34-6565830
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1965
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$122,186,644
Income (IRS master file)
$116,324,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$12,596,602$8,370,689$122,186,644XML
990-PFDecember 2023$7,471,341$8,944,440$121,152,263XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––IRS
990-PFDecember 2016–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-6565830).

Questions about VEALE FOUNDATION

What is the EIN of VEALE FOUNDATION?
The employer identification number (EIN) of VEALE FOUNDATION is 34-6565830.
Is VEALE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to VEALE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does VEALE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of VEALE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VEALE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of VEALE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $109,748 (BRANT FAIRCHILD, EXECUTIVE DIRECTOR).
How much revenue does VEALE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,596,602, expenses of $8,370,689 and total assets of $122,186,644 at year end.

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