Private non-operating foundationEIN 411948093Est. 2000-03

VEIT FOUNDATION

BUFFALO, MN 55362

Total Assets

$16.1M

FY 2023

Annual Giving

$148K

FY 2023

Grants Made

8

FY 2023

Avg Grant

$18K

FY 2023

Grant Range

$500–$107K

Typical

Deadlines

Applications

Programs & Activities

Program 1

$671K

The veit automotive foundations museum continues to preserve automobiles and automotive memorabilia for future generations to enjoy and embrace. Following our mission to educate the guests of all ages we have worked on our display signage for the history of the vehicles and the brands represented on the floor. That signage along with resetting the floor layout allowed us to highlight new vehicles that have returned from restoration or are soon to return from restoration. Those changes to the museum display space's has increased the viewer experience exponentially by category. Those same display spaces saw the addition of new upgraded led light bulbs which helps us cater to older demographics.we have also been able to fill in specific categories in current collections within the collection. Additional gas pumps returned from restoration, we added additional ashtrays and shift knobs, outboard motors, hanging artwork and petroliana/americana signage from all eras.

Program 2

$140K

Restoration work continues on several 1930's vehicles that are designated to fill future positions on the floor. These will be key components completing categories here at the foundation's collection.charitable giving continued in 2023 with us supporting several organizations throughout the year.

Program 3

In late 2015, the museum started a kids' club to educate children on automobiles and building hot rods. During 2019, museum representatives conducted the kids' club activities at the museum and hosted children's groups, such as girl scout troops working on their "playing the past" badges.

Focus Areas

ArtsCulture & Humanities

Financial Snapshot

2023 filing

Total Revenue

$1.5M

Total Expenses

$811K

Qualifying Distributions

$597K

Min. Investment Return

$7K

Grant Range

8 grants

Grant sizes from minimum $500 through median $3K to maximum $107K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

3 years

Giving over time from 2020 to 2023. Peak $163K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

17 grants

PEASE COMMUNITY FOUNDATION
$125K
2 grants
PROMESA EDUCATIVA PARA MEXICO A C
$107K
1 grant
YELLOW HOUSE FOUNDATION
$100K
1 grant
CHANGE THE OUTCOME
$70K
2 grants
MOTORHEAD MADDNESS
$13K
2 grants
STMA BREAKFAST CLUB
$10K
1 grant
MAPLE LAKE CHAMBER OF COMMERCE
$7K
2 grants
MONTICELLO HIGH SCHOOL
$5K
1 grant

Grant Size Distribution

17 grants

<$10K
11
grants
$10–50K
3
grants
$50–250K
3
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

3 states

Minnesota
$238K
70% of total
Texas
$100K
30% of total
North Dakota
$500
0% of total

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