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Finis Welch Foundation

Private foundation · Grantmaker College Station, TX EIN: 27-4470063 Website

The Finis Welch Foundation is a private foundation based in College Station, Texas. It provides scholarships to high-achieving Texas students who demonstrate financial need and attend public universities in Texas.

Key facts about Finis Welch Foundation

In short: Finis Welch Foundation gave $1.1M across 69 grants in 2024 (avg $16K), mostly in Texas. Source: 2024 IRS Form 990-PF.

EIN
27-4470063
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,121,412
Grants made (2024)
69
Average grant
$16,252
Median grant
$14,461
Total assets
$39,486,016
Primary geography
Texas (100% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation states that it does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$39.5M

+41.4% YoY

Annual Giving

$1.1M

+174.7% YoY

Grant Count

69

+6800.0% YoY

Avg Grant Size

$16K

-96.0% YoY

Under IRS private-foundation payout rules, Finis Welch Foundation reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.

How Finis Welch Foundation gives

  • Giving grew 720% from 2021 to 2024. Method
  • In 2024 it paid out 124% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s mission is “to enhance the quality of life through education” and to recognize and support people enrolled or enrolling in educational institutions. Its primary focus is the Welch Scholar program, which provides funding to eligible incoming freshmen for up to four years, covering tuition as well as living and school expenses. The foundation also offers Scholars non-academic resources, such as career seminars, resume guidance, advising, and job-shadow opportunities.

The 2024 filing lists grants to individuals for scholarships. The foundation states that it makes contributions only to preselected charitable organizations; its scholarship application process is separate from requests for charitable contributions.

Grantmaking

In filing year 2024, the foundation reported 69 grants totaling **$1,121,412**. Grants ranged from **$1,000 to $34,026**, with a median of **$14,461**. The largest listed awards were to Nicholas Moore of Austin (**$34,026**), Ronak Reddy of Austin (**$33,772**), and Kishan Sivakumar of Austin (**$33,712**); each was designated for “2024 Spring & Fall Scholarships.”

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Geographic Focus

Where this funder awards grants

The Welch Scholar program serves students who attended a Texas high school or were homeschooled in Texas and enroll at a partner university. The current partner universities are Texas A&M University at College Station and The University of Texas at Austin. All grant dollars reported for 2024 went to recipients in Texas.

Grant Distribution by State

1state

Share of 2024 grant dollars across all 69 itemized grants.

States

Cities

College StationAustinFort Worth

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M2 grants2020 1 grant2021 1 grant2022 1 grant2023 69 grants2024

From 2020 to 2024, annual grant giving ranged from $137K (2021) to $1.1M (2024). In 2024 it made 69 grants totaling $1.1M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Nicholas Moore: $34KNicholas Moore$34KRonak Reddy: $34KRonak Reddy$34KKishan Sivakumar: $34KKishan Sivakumar$34KAldo Avila Escobedo: $33KAldo Avila Escobedo$33KAustin Hecker: $33KAustin Hecker$33KQuinton Walberg: $33KQuinton Walberg$33KTracy Qi: $32KTracy Qi$32KYash Gupta: $31KYash Gupta$31KAminuddin Momin: $31KAminuddin Momin$31KKashvi Vijay: $28KKashvi Vijay$28K

The largest 2024 recipient was Nicholas Moore ($34K). Together the top 10 received $323K.

Grant Size Distribution

74 grants across all recorded years

69<$50K1$50–100K1$100–250K3$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 69 grants of 74 (93%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Nicholas Moore Austin, TX2024 Spring & Fall Scholarships$34,026
Ronak Reddy Austin, TX2024 Spring & Fall Scholarships$33,772
Kishan Sivakumar Austin, TX2024 Spring & Fall Scholarships$33,712
Aldo Avila Escobedo College Station, TX2024 Spring & Fall Scholarships$32,947
Austin Hecker College Station, TX2024 Spring & Fall Scholarships$32,947
Quinton Walberg College Station, TX2024 Spring & Fall Scholarships$32,947
Tracy Qi College Station, TX2024 Spring & Fall Scholarships$31,902
Yash Gupta Austin, TX2024 Spring & Fall Scholarships$31,272
Aminuddin Momin Austin, TX2024 Spring & Fall Scholarships$30,632
Kashvi Vijay Austin, TX2024 Spring & Fall Scholarships$28,372

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $39,486,016 $13,713,834 $2,167,471 $1,121,412 69
2023 $27,932,615 $10,902,525 $1,106,730 $408,195 1
2022 $18,136,820 $18,511,125 $429,751 $276,494 1
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$39,486,016$27,932,615$18,136,820
Revenue$13,713,834$10,902,525$18,511,125
Expenses$2,167,471$1,106,730$429,751
Qualifying Distributions$2,089,137$1,055,079$428,848
Net Investment Income$1,662,677$861,138$1,963
Distributable Amount$1,682,152$1,010,091$39,888

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Kevin Murphy as chairman of the board, Robert Topel as vice chair, Lara Anderson as president and treasurer, and Phil Gramm and Wendy Gramm as board members. The foundation’s website identifies Lara Anderson as president and executive director, Lacey Junek as scholarship program director, and Crystal Dupre’ as development director.

Finis Welch Foundation is led by Lara Anderson, President & Treasurer since 2022 (on filings since 2020); 1 of 5 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Lara Anderson

    President & Treasurer

    Secretary & Treasurer → President & Treasurer, 2022

    On filings since 2020

    40 hrs/week

    $200K (2023) → $331K (2024)

  • Kevin Murphy

    Chairman of the Board

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Robert Topel

    Vice Chair

    On filings since 2022

    0.5 hrs/week

    No compensation reported

  • Phil Gramm

    Board Member

    On filings since 2023

    0.5 hrs/week

    No compensation reported

  • Wendy Gramm

    Board Member

    On filings since 2023

    0.5 hrs/week

    No compensation reported

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 2024 IRS filing

Lara Anderson — President / Treasurer: $331KLara AndersonPresident / Treasurer$331K

The highest reported compensation on the 2024 filing was $331K, to Lara Anderson (President / Treasurer).

Contact

Mailing address: 3018 Barron Rd Ste 100, College Station, TX 77845
Phone: (979) 321-6397
Website: https://finiswelchfoundation.org

Frequently asked questions about Finis Welch Foundation

How much does Finis Welch Foundation give each year?

Finis Welch Foundation gave $1.1M across 69 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $408K across 1 grant.

What is Finis Welch Foundation's typical grant size?

Finis Welch Foundation's median grant in 2024 was $14,461, and its average grant was $16,252, across 69 grants on its 2024 IRS Form 990-PF.

Where does Finis Welch Foundation give grants?

Finis Welch Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were College Station, TX (46 grants) and Austin, TX (23 grants).

Does Finis Welch Foundation give general operating support?

Not in 2024: none of the 69 grants with a stated purpose on Finis Welch Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "2024 Spring & Fall Scholarships" (44 grants), "2024 Fall Scholarship" (20 grants) and "2024 Spring Scholarship" (5 grants).

Who are Finis Welch Foundation's largest grantees?

Finis Welch Foundation's largest 2024 grantees include Nicholas Moore ($34,026), Ronak Reddy ($33,772) and Kishan Sivakumar ($33,712), according to its 2024 IRS Form 990-PF. Together they received 9% of its itemized 2024 grant dollars.

How large is Finis Welch Foundation?

Finis Welch Foundation reported $39.5M in total assets on its 2024 IRS Form 990-PF. It paid out $2.1M in qualifying distributions that year, against a required minimum of $1.7M (roughly 5% of its investment assets).

What does Finis Welch Foundation fund?

The foundation’s mission is “to enhance the quality of life through education” and to recognize and support people enrolled or enrolling in educational institutions. See mission & focus areas ↑

How do I apply for a grant from Finis Welch Foundation?

The foundation states that it does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Finis Welch Foundation's EIN?

Finis Welch Foundation's EIN (Employer Identification Number) is 27-4470063. IRS Form 990 filing data is available on this page for 2020–2024.

Does Finis Welch Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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