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Veritas Foundation at a glance

· Private foundation

Veritas Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$1.3M
Granted FY2025still arriving
7
Grants FY2025still arriving
3
States reached
$800k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0196% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2024.

Education$2.1MReligion$1.2MRecreation & Sports$100kInternational$35kHuman Services$11kOther$0
02FY2025 · 7 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • $10k–50k4 grants · $135k
  • $50k–250k1 grant · $100k
  • $250k+2 grants · $1.1M
$46,000
Median grant
3
States reached
$6.8M
Total assets
Largest grants
RecipientAmount
HAND IN HAND CHRISTIAN MONTESSORI HOME SCHOOL ACADEMY$800,000
KALEIDOSCOPE PERFORMING ARTS$250,000
FRIENDS OF MINNESOTA MENS GYMNASTICS$100,000
GLOBAL STUDENT INITIATIVES$46,000
UNIVERSITY CHRISTIAN FELLOWSHIP$39,000
CHI ALPHA CAMPUS MINISTRIES OF DULUTH$30,000
Individual grant recipient$20,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY19–19, $500) land where the poverty rate runs at 7%, against an area that typically sits at 8%. 0% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 8%DOOR OF HOPE REDEEMING LIVES RESTORING FAMILES: $500 → 7%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

91%of every dollar goes to organizations it has funded before.
$4.3M · 14 repeat orgs$426k to everyone else

Grantees it renews have grown median revenue +67% since the first grant, against -1% for those funded once.

14 repeat relationships: 5 still active in FY2025, 9 since wound down; 2 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

14
9

Total granted

$4.3M
$130k

Median revenue growth · since first grant

+67%
-1%

Still filing today

36%
33%

New vs renewed · share of each year

In FY2025, 77% of grant dollars renewed an existing relationship; $296k went to new ones.

50%100%’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23’24’25
ReligionEducationHuman ServicesInternationalArts & CultureRecreation & SportsOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • HI
    HAND IN HAND CHRISTIAN MONTESSORI
    3× · 2019–2025 · $2.1M · revenue +102% · 41% of their budget
  • CA
    CHESTERTON ACADEMY
    3× · 2022–2024 · $375k · revenue +46%
  • RS
    RIVERTREE SCHOOL
    5× · 2019–2024 · $351k · revenue +67%

Funded once

  • TT
    Transformation Today
    one grant, 2021 · $40k · revenue -15%
  • SC
    SOJOURN CHURCH
    one grant, 2018 · $16k
  • GS
    GLOBAL STUDENT INITIATIVES GF CHI ALPHA
    one grant, 2018 · $16k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Global City Missions Initiative Incorporated

Global City Mission Initiative is dedicated to cross-cultural evanglism, disciplemaking, church planting among diverse diaspora populations in strategic cities reaching out evangelistically to start multiply churches, training believers to…

Religion
2
Raise Up Global Ministries

Raise Up Global Ministries is committed to educating Christian leaders in communities around the world. The three programs of Raise Up equip the global church by 1 Developing biblically based interactive materials and 2 Training…

—
3
World of Opportunity

World of Opportunity is an evangelical ministry that supports missionaries in the United States and around the world as they bring the Word of the Lord into peoples lives. The missionaries supported by World of Opportunity share the Gospel…

Human Services
4
Christianity Today International

Christianity Today is a global community inspired by evangelical conviction to advance the stories and ideas of the kingdom of God. Our mission is to elevate the storytellers and sages of the global church.

Religion
5
Timothy Two Project International

Reaching and teaching pastors in the majority world.

Religion
6
Christian Harvest International Min

To provide strategic teaching about prayer, prophecy, and intercession in the US and abroad. Books, manuals, and audio teachings are also used to equip Christians in strategic level spiritual prayer and warfare.

Religion
7
Global Year Inc

Global Year is a ministry that comes along side of pastors, student pastors, parents and leaders to create an opportunity for students to take a "Gap" year between high school and career to: learn another language; immerse into a different…

Religion
8
Institute of Chinese Studies

ChinsSource is a trusted partner and platform for educating the global church on critical issues facing the church and ministries in China and for connecting Christians inside and outside China to advance the kingdom of God globally

International
9
Reconciliation Ministries International Inc

Reconciliaton Ministries Intl. is a Christian evangelical organization preaching and teaching the Word of God in over 60 countries. The ministry equips and encourages Christians everywhere to be saved, healed, and delivered according to…

Religion
10
Global Gospel Initiative Inc
Religion
11
Cole Young Ministries

Ministry

Religion
12
Ministries of the Son of God

Mission work overseas

Religion
How this is measured
The grantee most central to the portfolio’s shape is Door of Hope Redeeming Lives Restoring Families; the most unlike its peers is Friends of Minnesota Men's Gymnasti Mannon. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

11 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 11 of the 25 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

2
Load-bearing (≥25% of a budget)
5
Early backer (in before they grew)
10/11
Grantees still filing
8/11
Grew since first funded

Where the money sits, by cause and then by grantee

HAND IN HAND CHRISTIAN MONTESSORI: $2,100,000 · EducationHAND IN HAND CHRISTIAN MONTESSORICHESTERTON ACADEMY: $375,000 · EducationCHESTERTON ACADEMYRIVERTREE SCHOOL: $351,000 · EducationRIVERTREE SCHOOLUNIVERSITY CHRISTIAN FELLOWSHIP: $442,691 · OtherUNIVERSITY CHRISTIAN FELLO…CHI ALPHA CAMPUS MINISTRIES OF DULUTH: $335,275 · OtherCHI ALPHA CAMPUS MINISTRIE…CHURCH OF THE CROSS: $125,000 · OtherCHURCH OF THE CROSSIndividual grant recipient: $49,000 · Other+10 more: $139,100 · Other+10 moreOASIS WORLD MINISTRIES INC: $225,000 · ReligionGlobal Student Initiatives Inc: $46,000 · ReligionTransformation Today: $40,000 · ReligionSEG-WAY MINISTRIES: $15,600 · ReligionKALEIDOSCOPE PERFORMING ARTS: $250,000 · Arts & CultureFRIENDS OF MINNESOTA MEN'S GYMNASTI MANNON: $200,000 · Recreation & SportsCompassion International Incorporated: $25,000 · InternationalDOOR OF HOPE REDEEMING LIVES RESTORING FAMILIES: $500 · Human Services
Education$2,826,000Other$1,091,066Religion$326,600Arts & Culture$250,000Recreation & Sports$200,000International$25,000Human Services$500

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetHAND IN HAND CHRISTIAN MONTESSORI: $2,100,000 over 3y, 41% of budgetCHESTERTON ACADEMY: $375,000 over 3y, 5.1% of budgetRIVERTREE SCHOOL: $351,000 over 5y, 7.4% of budgetOASIS WORLD MINISTRIES INC: $225,000 over 2y, 17% of budgetFRIENDS OF MINNESOTA MEN'S GYMNASTI MANNON: $200,000 over 2y, 46% of budgetCompassion International Incorporated: $25,000 over 3y, 0.0% of budgetSEG-WAY MINISTRIES: $15,600 over 1y, 5.5% of budgetDOOR OF HOPE REDEEMING LIVES RESTORING FAMILIES: $500 over 1y, 0.2% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds HAND IN HAND CHRISTIAN MONTESSORI ↗
  • Who funds CHESTERTON ACADEMY ↗
  • Who funds RIVERTREE SCHOOL ↗
  • Who funds KALEIDOSCOPE PERFORMING ARTS ↗
  • Who funds OASIS WORLD MINISTRIES INC ↗
  • Who funds FRIENDS OF MINNESOTA MEN'S GYMNASTI MANNON ↗
  • Who funds Global Student Initiatives Inc ↗
  • Who funds Transformation Today ↗
  • Who funds Compassion International Incorporated ↗
  • Who funds SEG-WAY MINISTRIES ↗
  • Who funds DOOR OF HOPE REDEEMING LIVES RESTORING FAMILIES ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Natl Christian Charit…American Online Givin…Fidelity Investments …Donor Advised Charita…
Natl Christian Charitable Fdn IncGA9.7× affinity6 shared granteesties to 3 of 3Hover any node to trace its alignments.Compare side by side →

Open a dossier: Natl Christian Charitable Fdn Inc · American Online Giving Foundation Inc · Fidelity Investments Charitable Gift Fund · Donor Advised Charitable Giving Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Veritas Foundation funds: left to right is the share of its income from government, bottom to top the share from Veritas Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%3%13%28%50%funder's share of their income ↑0%1%3%4%5%share of the org’s income from government →
    no gov moneyreceives it· size = income
    0get no government money at all
    0rely on government for over half their income
    ⤢ axis zoomed · 0–5%
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 25 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

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    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home