James & Virginia Welch Foundation
The James & Virginia Welch Foundation is a private foundation located in Parsippany, New Jersey, established in 1997. It operates as a 501(c)(3) organization with no employees and functions as a grantmaking entity distributing unrestricted grants to various nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
-2.5% YoY
Annual Giving
$281K
-3.3% YoY
Grant Count
29
+31.8% YoY
Avg Grant Size
$10K
-26.6% YoY
Under IRS private-foundation payout rules, James & Virginia Welch Foundation reported a distributable amount of $339K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation made 59 grants in its most recent fiscal year. Grant amounts typically range from $100 to $50,000, with recent notable grants including:
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Massachusetts, New York, and New Jersey.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $3,233,807
- Total Revenues: $240,482
- Total Expenses: $324,173
- Investment Income and Dividends: $90,015
- Total Giving: $280,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,233,807 | $3,317,498 | $3,581,814 |
| Revenue | $240,482 | $65,695 | $139,343 |
| Expenses | $324,173 | $330,011 | $221,456 |
| Qualifying Distributions | $283,750 | $293,943 | $184,500 |
| Net Investment Income | $200,120 | $54,323 | $104,903 |
| Distributable Amount | $339,448 | $289,240 | $285,874 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Christopher & Dana Reeve Foundation ($50,000), Harvard College Fund ($25,000), Massachusetts General Hospital ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAPE ANN MUSEUM INC GLOUCESTER, MA | UNRESTRICTED | $2,500 |
| CHRISTOPHER & DANA REEVE FOUNDATION SHORT HILLS, NJ | UNRESTRICTED | $50,000 |
| FRIENDS OF HARVARD ATHLETICS SOCCER HARVARD, MA | UNRESTRICTED | $5,000 |
| HARVARD COLLEGE FUND CAMBRIDGE, MA | UNRESTRICTED | $25,000 |
| HOOPER FUND FOR MANCHESTER CHILDREN INC BEVERLY, MA | UNRESTRICTED | $2,500 |
| LINCOLN CENTER FOR THE PERFORMING ARTS INC NEW YORK, NY | UNRESTRICTED | $15,000 |
| MANCHESTER-ESSEX CONSERVATION TRUST INC MANCHESTER, MA | UNRESTRICTED | $5,000 |
| MASSACHUSETTS GENERAL HOSPITAL BOSTON, MA | UNRESTRICTED | $25,000 |
| METROPOLITAN MUSEUM OF ART NEW YORK, NY | UNRESTRICTED | $25,000 |
| MUSEUM OF FINE ARTS BOSTON, MA | UNRESTRICTED | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VIRGINIA B WELCH | PRESIDENT | 1 | — |
| ROBERT WONG | VICE PRESIDENT | 5 | — |
| CHRISTINE KRENTZ | SECRETARY AND TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from James & Virginia Welch Foundation?
The foundation made 59 grants in its most recent fiscal year. Grant amounts typically range from $100 to $50,000, with recent notable grants including: • $50,000 to the Christopher and Dana Reeve Foundation (2024) • $50,000 to the Christopher and Dana Reeve Foundation (2023) • $25,000 to the Metropolitan Museum of Art (2023) The foundation provides unrestricted grants to its grantees.
Where does James & Virginia Welch Foundation make grants?
The foundation's grantmaking focuses primarily on Massachusetts, New York, and New Jersey.
What size grants does James & Virginia Welch Foundation award?
In 2024, James & Virginia Welch Foundation awarded 29 grants totaling $281K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is James & Virginia Welch Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James & Virginia Welch Foundation reported a distributable amount of $339K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James & Virginia Welch Foundation's EIN?
James & Virginia Welch Foundation's EIN (Employer Identification Number) is 22-3504396. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in James & Virginia Welch Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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