The Veteto Foundation
Historical FunderHobbs, New Mexico · EIN 20-5181651 · Private foundation · Website
Half of its grants to organizations were between $1,000 and $5,000.
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2025):
| Contact | AWARD COMMITTEE |
|---|---|
| Address | 401 W TAYLOR, HOBBS NM 88240 |
| Phone | 5753977750 |
| Form and materials | NOMINATIONS FROM PRINCIPALS IN THE HOBBS MUNICIPAL SCHOOL DISTRICT |
| Deadlines | END OF SCHOOL YEAR IN QUESTION |
| Restrictions | INDIVIDUAL RECIPIENTS MUST BE FULL-TIME TEACHERS IN THE HOBBS COMMUNITY. NON-PROFIT ORGANIZATION RECIPIENTS MUST BE QUALIFIED FOR AN EXEMPTION FOR FEDERAL INCOME TAX PURPOSES UNDER SECTION 501(C)(3) AND MEETING THE FOUNDATION'S GENERAL PURPOSES. |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
What it funds
Share of grant lines on the latest return, classified from the purpose each grant states.
Where it gives
0% of grants went outside New Mexico.
Grants paid in tax year 2025
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Palmer Drug Abuse Program | Hobbs, NM | Drug abuse counseling | $5,000 |
| Southwest Symphony Inc | Hobbs, NM | Promotion of education | $3,000 |
| Mypower | Hobbs, NM | Promotion of education | $1,000 |
The return also lists 5 grants to individuals ($25,000). We do not publish the names of individual recipients.
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2025 | $34,000 | 8 |
| 2024 | $34,000 | 8 |
| 2023 | $36,500 | 9 |
Sources
- IRS Form 990-PF, tax year 2025, filed Sep 23, 2026 - IRS e-file batch, object ID 202622669349100217
- IRS Tax Exempt Organization Search for EIN 20-5181651
- Profile updated Nov 5, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.