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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Stephen J Machuta Scholarship Trust
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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