Conway-Welch Family Foundation Inc
Conway-Welch Family Foundation Inc is a private foundation, based in Nashville, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.2M in total assets. In 2024, it awarded 8 grants totaling $739K. Net investment income was $148K.
Conway-Welch Family Foundation Inc at a glance
In short: Conway-Welch Family Foundation Inc gave $739K across 8 grants in 2024 (avg $92K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $739,000
- +34.1% vs 2023
- Grants made (2024)
- 8
- +100.0% vs 2023
- Average grant
- $92,375
- -32.9% vs 2023
- Median grant
- $64,500
- Total assets
- $9,150,373
- -10.6% vs 2023
- Primary geography
- Tennessee (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Conway-Welch Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was The Next Door Inc ($250K). Together the top 7 received $739K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 21 grants of 34 (62%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How Conway-Welch Family Foundation Inc gives
- Giving grew 295% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $180K (2020) to $739K (2024). In 2024 it made 8 grants totaling $739K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Next Door Inc Nashville, TN | Serve Women in Crisis | $250,000 |
| Vanderbilt Univ School of Nursing Nashville, TN | Scholarship Pledge | $225,000 |
| Vanderbilt University Medical Ctr Nashville, TN | Nurse Career Scholarship Fund | $125,000 |
| The Catholic University of America Washington, DC | Endowment Fund | $125,000 |
| Proverbs 1210 Animal Rescue Burns, TN | For Conduct of Exempt Purpose | $4,000 |
| Wags & Walks Nashville Hermitage, TN | For Conduct of Exempt Purpose | $4,000 |
| Old Friends Senior Dog Sanctuary Mt Juliet, TN | For Conduct of Exempt Purpose | $4,000 |
| Vanderbilt Univ School of Nursing Nashville, TN | Simulation Lab for Nursing School | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,150,373 | $46,007 | $1,131,032 | $739,000 | 8 | $895,957 | $147,968 | $889,788 |
| 2023 | $10,235,398 | $54,549 | $887,797 | $551,000 | 4 | $680,612 | $161,477 | $759,466 |
| 2022 | $11,068,646 | $120,604 | $600,543 | $315,044 | 6 | $427,230 | $197,919 | $753,561 |
| 2021 | $11,548,585 | $417,198 | $457,025 | $187,000 | 9 | $291,770 | $209,167 | $744,367 |
| 2020 | $11,588,412 | $-1,286 | $444,805 | $180,000 | 7 | — | $87,335 | $591,502 |
Under IRS private-foundation payout rules, Conway-Welch Family Foundation Inc reported a distributable amount of $890K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Conway-Welch Family Foundation Inc is led by Frank Bumstead, President since 2024 (on filings since 2020); none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Frank Bumstead
President
Director & As Needed → President, 2024
On filings since 2020
4 hrs/week
$41K (2020) → $0 (2024)
Debbie Hill
Director
Director & As Needed → Director, 2024
On filings since 2020
4 hrs/week
$41K (2020) → $0 (2024)
Gwendolyn Collier
Director
Director & As Needed → Director, 2024
On filings since 2020
4 hrs/week
$44K (2020) → $0 (2024)
Rachel Buchanan
Director
Treasurer & As Needed → Director & As Needed, 2022
Director & As Needed → Director, 2024
On filings since 2020
4 hrs/week
$18K (2020) → $0 (2024)
Elizabeth Miltenberger
Director
New on the 2024 filing
4 hrs/week
No compensation reported
Jeff Mobley
Secretary
Director & As Needed → Secretary, 2024
On filings since 2020
4 hrs/week
$38K (2020) → $0 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $50K, to Gwendolyn Collier (Director, as Needed). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Conway-Welch Family Foundation Inc
How much does Conway-Welch Family Foundation Inc give each year?
Conway-Welch Family Foundation Inc gave $739K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $551K across 4 grants.
What is Conway-Welch Family Foundation Inc's typical grant size?
Conway-Welch Family Foundation Inc's median grant in 2024 was $64,500, and its average grant was $92,375, across 8 grants on its 2024 IRS Form 990-PF.
Where does Conway-Welch Family Foundation Inc give grants?
Conway-Welch Family Foundation Inc gives mostly in Tennessee: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (17%). The most frequent recipient cities were Nashville, TN (4 grants).
Who are Conway-Welch Family Foundation Inc's largest grantees?
Conway-Welch Family Foundation Inc's largest 2024 grantees include The Next Door Inc ($250,000), Vanderbilt Univ School of Nursing ($227,000 across 2 grants) and Vanderbilt University Medical Ctr ($125,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is Conway-Welch Family Foundation Inc?
Conway-Welch Family Foundation Inc reported $9.2M in total assets on its 2024 IRS Form 990-PF. It paid out $896K in qualifying distributions that year, against a required minimum of $890K (roughly 5% of its investment assets).
What is Conway-Welch Family Foundation Inc's EIN?
Conway-Welch Family Foundation Inc's EIN (Employer Identification Number) is 26-4421502. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Conway-Welch Family Foundation Inc funds
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