Judith and Richard Welch Family
Judith and Richard Welch Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIVERWOODS, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $524K in total assets. In 2024, it awarded 15 grants totaling $58K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$524K
-6.0% YoY
Annual Giving
$58K
-1.4% YoY
Grant Count
15
-6.3% YoY
Avg Grant Size
$4K
+5.2% YoY
About Judith and Richard Welch Family
Based on IRS filings
Judith and Richard Welch Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIVERWOODS, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $524K in total assets. In 2024, it awarded 15 grants totaling $58K. Net investment income was $26K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $524,351 | $557,977 | $549,396 |
| Revenue | $30,183 | $73,857 | $109,841 |
| Expenses | $63,809 | $65,276 | $54,336 |
| Qualifying Distributions | $57,700 | $58,500 | $47,500 |
| Net Investment Income | $25,945 | $76,960 | $108,511 |
| Distributable Amount | — | — | — |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Evans Scholars Foundation ($15,000), Hoover Institute ($12,000), Jewish United Fund ($5,250).
| Recipient | Purpose | Amount |
|---|---|---|
| HOOVER INSTITUTE STANFORD, CA | GENERAL | $12,000 |
| EVANS SCHOLARS FOUNDATION GLENVIEW, IL | GENERAL | $15,000 |
| ORPHANS OF THE STORM RIVERWOODS, IL | GENERAL | $3,000 |
| RONALD MCDONALD HOUSE CHICAGO, IL | GENERAL | $3,000 |
| ST JUDE CHARITIES MEMPHIS, TN | GENERAL | $3,000 |
| PAWS-CHICAGO CHICAGO, IL | GENERAL | $3,000 |
| MUSEUM OF SCIENCE INDUSTRY CHICAGO, IL | GENERAL | $3,000 |
| SHRINER'S HOSPITAL-CHICAGO CHICAGO, IL | GENERAL | $3,000 |
| US GOLF ASSOCIATION LIBERTY CORNER, NJ | GENERAL | $1,000 |
| BUCKS COUNTY TOUR OF HONOR DOYLESTOWN, PA | GENERAL | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JUDITH WELCH | Foundation Mgr. | — | — |
| RICHARD WELCH | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Judith and Richard Welch Family?
Judith and Richard Welch Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIVERWOODS, IL. It holds $524K in total assets as of 2024.
How large is Judith and Richard Welch Family?
As of 2024, Judith and Richard Welch Family holds $524K in total assets with $30K in annual revenue. It awarded 15 grants totaling $58K in 2024.
Where does Judith and Richard Welch Family operate?
Judith and Richard Welch Family has awarded grants in Arizona, California, Florida, Iowa, Illinois, New Jersey, New York, Pennsylvania, Tennessee.
What size grants does Judith and Richard Welch Family award?
In 2024, Judith and Richard Welch Family awarded 15 grants totaling $58K — an average of about $4K per grant, based on its IRS Form 990 filings.
What is Judith and Richard Welch Family's EIN?
Judith and Richard Welch Family's EIN (Employer Identification Number) is 84-3957631. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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