Finis Welch Foundation
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.
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
Share of 2024 grant dollars across all 69 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2024 recipient was Nicholas Moore ($34K). Together the top 10 received $323K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 69 grants of 74 (93%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nicholas Moore Austin, TX | 2024 Spring & Fall Scholarships | $34,026 |
| Ronak Reddy Austin, TX | 2024 Spring & Fall Scholarships | $33,772 |
| Kishan Sivakumar Austin, TX | 2024 Spring & Fall Scholarships | $33,712 |
| Aldo Avila Escobedo College Station, TX | 2024 Spring & Fall Scholarships | $32,947 |
| Austin Hecker College Station, TX | 2024 Spring & Fall Scholarships | $32,947 |
| Quinton Walberg College Station, TX | 2024 Spring & Fall Scholarships | $32,947 |
| Tracy Qi College Station, TX | 2024 Spring & Fall Scholarships | $31,902 |
| Yash Gupta Austin, TX | 2024 Spring & Fall Scholarships | $31,272 |
| Aminuddin Momin Austin, TX | 2024 Spring & Fall Scholarships | $30,632 |
| Kashvi Vijay Austin, TX | 2024 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 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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
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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