James & Virginia Welch Foundation
The James & Virginia Welch Foundation is a private foundation based in Parsippany, New Jersey. In 2025, it made grants to charitable organizations working in areas that include youth soccer, education, arts and culture, health care, and conservation.
Key facts about James & Virginia Welch Foundation
In short: James & Virginia Welch Foundation gave $445K across 23 grants in 2025 (avg $19K), top state District of Columbia. 4% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 22-3504396
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $445,000
- Grants made (2025)
- 23
- Average grant
- $19,348
- Median grant
- $10,000
- New grantees (estimate)
- 4% first-time grantees (1 of 23, 2025)
- Total assets
- $3,061,649
- Primary geography
- District of Columbia (28% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.1M
-5.3% YoY
Annual Giving
$445K
+58.6% YoY
Grant Count
23
-20.7% YoY
Avg Grant Size
$19K
+100.0% YoY
Under IRS private-foundation payout rules, James & Virginia Welch Foundation reported a distributable amount of $369K for 2025 — the minimum it must pay out in qualifying distributions.
Is James & Virginia Welch Foundation open to new grantees?
4%
first-time grantees, 2025
In 2025, 1 of 23 grantees (4%) were first-time recipients. First grants averaged $5K; repeat grants $20K. How we count
Medians: $5K first-time, $10K repeat.
- 91% of 2025 grantees were also funded in 2024. Method
- Giving grew 145% from 2022 to 2025. Method
- In 2025 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with varied missions. For example, the U.S. Soccer Foundation describes its work as providing underserved communities with access to play spaces and soccer programs for young people. The New Jersey Conservation Foundation says it works to preserve land and protect natural resources, while the Metropolitan Museum of Art describes its mission as collecting, studying, conserving, and presenting art. Vassar College describes its mission as making a liberal education accessible.
Grantmaking
In 2025, the foundation made 23 grants totaling $445,000. Grant amounts ranged from $1,000 to $125,000, with a median grant of $10,000. The largest grant was $125,000 to the United States Soccer Foundation. Other notable grants included $50,000 to the Christopher & Dana Reeve Foundation and $25,000 each to Harvard College Fund, Lincoln Center for the Performing Arts, Massachusetts General Hospital, the Metropolitan Museum of Art, the Museum of Fine Arts, New Jersey Conservation Foundation, and Vassar College. The listed grants were designated unrestricted.
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Geographic Focus
Where this funder awards grants
In 2025, grant dollars went to recipients in Washington, DC (28%), Massachusetts (24%), New York (22%), New Jersey (20%), and Florida (6%).
Grant Distribution by State
Share of 2025 grant dollars across all 23 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $171K (2021) to $445K (2025). In 2025 it made 23 grants totaling $445K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was United States Soccer Foundation ($125K). Together the top 10 received $365K.
Grant Size Distribution
195 grants across all recorded years
The most common grant size was under $50K: 189 grants of 195 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United States Soccer Foundation Washington, DC | Unrestricted | $125,000 |
| Christopher & Dana Reeve Foundation Short Hills, NJ | Unrestricted | $50,000 |
| Harvard College Fund Cambridge, MA | Unrestricted | $25,000 |
| Lincoln Center for the Performing Arts Inc New York, NY | Unrestricted | $25,000 |
| 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 |
| New Jersey Conservation Foundation Far Hills, NJ | Unrestricted | $25,000 |
| Vassar College Poughkeepsie, NY | Unrestricted | $25,000 |
| The Society of the Four Arts Palm Beach, FL | Unrestricted | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $3,061,649 | $324,531 | $496,689 | $445,000 |
| 2024 | $3,233,807 | $240,482 | $324,173 | $280,500 |
| 2023 | $3,317,498 | $65,695 | $330,011 | $290,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,061,649 | $3,233,807 | $3,317,498 |
| Revenue | $324,531 | $240,482 | $65,695 |
| Expenses | $496,689 | $324,173 | $330,011 |
| Qualifying Distributions | $448,250 | $283,750 | $293,943 |
| Net Investment Income | $281,123 | $200,120 | $54,323 |
| Distributable Amount | $369,244 | $339,448 | $289,240 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Virginia B Welch as president, Robert Wong as vice president, and Christine Krentz as secretary and treasurer.
James & Virginia Welch Foundation is led by Virginia B. Welch, President since 2022 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Virginia B. Welch
President
Vice President → President, 2022
On filings since 2019
1 hr/week
No compensation reported
Robert Wong
Vice President
Secretary & Treasurer → Vice President, 2022
On filings since 2019
5 hrs/week
$20K (2019) → $0 (2025)
Christine Krentz
Secretary & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: James O. Welch Jr. (2019) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
No officer or director reported compensation in the available filings.
Contact
Mailing address: 4 Gatehall Dr Mccabe Heidrich Wong, Parsippany, NJ 07054
Phone: (973) 605-1040
Frequently asked questions about James & Virginia Welch Foundation
How much does James & Virginia Welch Foundation give each year?
James & Virginia Welch Foundation gave $445K across 23 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $281K across 29 grants.
What is James & Virginia Welch Foundation's typical grant size?
James & Virginia Welch Foundation's median grant in 2025 was $10,000, and its average grant was $19,348, across 23 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from James & Virginia Welch Foundation that year got $5K on average.
Where does James & Virginia Welch Foundation give grants?
James & Virginia Welch Foundation's top state is District of Columbia, with 28% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (24%) and New York (22%). The most frequent recipient cities were New York, NY (5 grants), Boston, MA (2 grants) and Morristown, NJ (2 grants).
Does James & Virginia Welch Foundation give general operating support?
Yes: 100% of James & Virginia Welch Foundation's 2025 grants with a stated purpose (23 of 23) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are James & Virginia Welch Foundation's largest grantees?
James & Virginia Welch Foundation's largest 2025 grantees include United States Soccer Foundation ($125,000), Christopher & Dana Reeve Foundation ($50,000) and Harvard College Fund ($25,000), according to its 2025 IRS Form 990-PF. Together they received 45% of its itemized 2025 grant dollars.
How large is James & Virginia Welch Foundation?
James & Virginia Welch Foundation reported $3.1M in total assets on its 2025 IRS Form 990-PF. It paid out $448K in qualifying distributions that year, against a required minimum of $369K (roughly 5% of its investment assets).
What does James & Virginia Welch Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included support for organizations with varied missions. For example, the U.S. Soccer Foundation describes its work as providing underserved communities with access to play spaces and soccer programs for young people. See mission & focus areas ↑
How do I apply for a grant from James & Virginia Welch Foundation?
The foundation makes contributions only to preselected charitable organizations and 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 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 2019–2025.
Does James & Virginia 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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