Philanthropy, Voluntarism, and Grantmaking

VETERANS UNITED FOUNDATION

Columbia, MO

Mission

Inspired, created and fully funded by Veterans United Home Loans employees, Veterans United Foundation exists to enhance lives. Fueled by passion, generosity, and an unwavering commitment to give, the Foundation is dedicated to making a meaningful difference in the lives of veterans and service members, for employees and their families, and in local communities served by Veterans United.

Notes from the Nonprofit

Our Mission
Inspired, created and fully funded by Veterans United Home Loans employees, Veterans United Foundation exists to enhance lives. Fueled by passion, generosity and an unwavering commitment to give, the Foundation is dedicated to making a meaningful difference in the lives of veterans and service members, for employees and their families, and in local communities served by Veterans United.

About the Foundation
Veterans United Foundation is the philanthropic division of Veterans United Home Loans. Incepted in November 2011, the Foundation is funded from employee contributions that are matched dollar-for-dollar by the company. More than 90 percent of Veterans United employees contribute a percentage of their paychecks to the Foundation. Employees also take an active role in referring possible needs to the foundation and showing the community support through volunteer work.

Leadership
Veterans United Foundation gives donations based on the direction of an allocation committee. The committee consists of six Veterans United Home Loans employees who are elected by their peers to serve a two year-long term. Each committee member has demonstrated a desire to go above and beyond in living out the company's core values, acting as an advocate and voice for their colleagues. The committee is dedicated to serving veterans and its communities and is honored to have such a vital role in the decision-making process of their Foundation.

Ruling Year

2012

Executive Director

Greg Steinhoff

Board President

Amanda Andrade

Main Address

1400 Veterans United Dr.

Columbia, MO 65203 USA

Keywords

military, individuals, family, community, service members, wounded warriors, veterans, united, giving back, heroes, local community, national

EIN

45-3630533

 Number

6349292051

Cause Area (NTEE Code)

Public Foundations (T30)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs + Results

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Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

Veterans United Foundation Scholarship Program

Gifts, Grants, and Awards

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Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

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What have and haven't they accomplished so far?

Through employee payroll deductions and a company match policy, Veterans United Foundation exists primarily to benefit and support those individuals, and families of those individuals, that are actively serving and Veterans of the United States Military, and the communities in which the offices of Veterans United Home Loans are located; and secondarily to support organizations and individuals the Foundation deems deserving. Distributions are made to directly to individuals and organizations for the active conduct and furtherance of our charitable purpose with the primary goal of having a meaningful impact in the lives of others. Our goal is to distribute eighty percent of total funds contributed, each year, to deserving organizations and individuals.

Veterans United Foundation (VUF) is fully funded by the employees of Veterans United Home Loans; therefore, employees retain full ownership of their charitable giving. VUF holds monthly ground campaigns to engage and thank Veterans United employees for their ongoing support of VUF.

The Foundation's strategy also includes distributing eighty percent of total funds contributed to deserving organizations and individuals. Of the eighty percent, VUF focuses forty percent of total allocations to national military and veteran organizations. The remaining forty percent of total allocations is distributed to organizations and individuals in the local communities in which VU serves.

Veterans United Foundation was founded by Veterans United Home Loans in November 2011. The foundation continues to be supported by the for profit arm of Veterans United, with a functional Employee Leasing Agreement and Office Rental Agreement in place. However, all functional and operational expenses are the responsibility of the non-profit arm. The foundation retains strong legal and accounting advisory counsel. There is a staff of three full-time employees who run daily operations, a standing allocation committee, and a five member Board of Directors. The foundation is also supported by hundreds of Veterans United volunteers. Through collaboration with other charity organizations, the foundation is able to maintain an efficient and enhanced operation.

VUF has sustainable and reliable annual revenue, with over ninety percent of Veterans United Home Loans employees pledging one percent or more of their salary and a policy stating the company will match dollar for dollar. VUF maintains consistent surpluses and appropriate liquidity. The Board of Directors and staff members are committed to fulfilling the mission of VUF.

Since inception, the foundation has increased number of internal donors by keeping enthusiasm high and its mission in focus (over 90% consistently). As the nonprofit arm of Veterans United Homes Loans, VUF maintains a solid reputation across the nation. It has built partnerships with military organizations to further enhance its mission by pledging nearly forty percent of our total revenue. Since inception, VUF has distributed over $160,000 in higher education scholarships. VUF has awarded over $6M to organizations and individuals deemed an appropriate recipient of our charitable dollars.

External Reviews

Financials

VETERANS UNITED FOUNDATION

Fiscal year: Jan 01 - Dec 31

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Operations

The people, governance practices, and partners that make the organization tick.

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  • Forms 990 for 2017, 2016 and 2016
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Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Not Applicable

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Not Applicable

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Not Applicable

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Not Applicable

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

Not Applicable