THE MEMORIAL FUND WAS ORGANIZED TO RAISE PROCEEDS THROUGH CHARITABLE CONTRIBUTIONS FOR THE CREATION AND MAINTENANCE OF SCHOLARSHIP FUNDS. THE SCHOLARSHIP FUNDS WILL BE DEDICATED TO THE ASSISTANCE OF NEEDY YOUNG PEOPLE FROM THE METRO DETROIT AREA IN OBTAINING SECONDARY, UNDER-GRADUATE AND POST-GRADUATE EDUCATIONS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$70K
-65.6% YoY
Annual Giving
$640K
Grant Count
2
Avg Grant Size
$320K
About Father Vincent Welch Memorial Fund
Based on IRS filings
Father Vincent Welch Memorial Fund is a nonprofit organization focused on Human Services, based in DEARBORN, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $70K in total assets. In 2024, it awarded 2 grants totaling $640K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $69,834 | $203,038 | $301,803 |
| Revenue | $507,624 | $381,235 | $386,643 |
| Expenses | $640,828 | $480,000 | $100,002 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Loyola High School ($415,000), University of Detroit Mercy ($225,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF DETROIT MERCY DETROIT, MI | SCHOLARSHIPS | $225,000 |
| LOYOLA HIGH SCHOOL DETROIT, MI | SCHOLARSHIPS | $415,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL T MCNAMARA | PRESIDENT/DIRECTOR | 3 | — |
| FR DONALD WORTHY | VICE PRESIDENT | 1 | — |
| CATHERINE MCNAMARA | TREASURER/SECRETARY | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Father Vincent Welch Memorial Fund?
Father Vincent Welch Memorial Fund is a nonprofit organization focused on Human Services, based in DEARBORN, MI. It holds $70K in total assets as of 2024.
How large is Father Vincent Welch Memorial Fund?
As of 2024, Father Vincent Welch Memorial Fund holds $70K in total assets with $508K in annual revenue. It awarded 2 grants totaling $640K in 2024.
Where does Father Vincent Welch Memorial Fund operate?
Father Vincent Welch Memorial Fund has awarded grants in Michigan.
What size grants does Father Vincent Welch Memorial Fund award?
In 2024, Father Vincent Welch Memorial Fund awarded 2 grants totaling $640K — an average of about $320K per grant, based on its IRS Form 990 filings.
What is Father Vincent Welch Memorial Fund's EIN?
Father Vincent Welch Memorial Fund's EIN (Employer Identification Number) is 38-3005252. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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