Julien & Vera Welles Foundation
Julien & Vera Welles Foundation is a private foundation, based in West Lake Village, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grant totaling $204K. Net investment income was $48K.
Julien & Vera Welles Foundation at a glance
In short: Julien & Vera Welles Foundation gave $204K across 1 grant in 2025 (avg $204K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $204,000
- +36.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $204,000
- +36.0% vs 2024
- Median grant
- $204,000
- Total assets
- $1,456,419
- -2.2% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Julien & Vera Welles Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Canine Companions for Independence ($204K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Julien & Vera Welles Foundation gives
- Giving grew 127% from 2022 to 2025. Method
- In 2025 it paid out 279% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $90K (2020) to $204K (2025). In 2025 it made 1 grant totaling $204K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Canine Companions for Independence Oceanside, CA | General | $204,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,456,419 | $188,451 | $223,842 | $204,000 | 1 | $204,000 | $47,796 | $73,100 |
| 2024 | $1,489,351 | $100,829 | $168,618 | $150,000 | 1 | $150,000 | $48,128 | $76,110 |
| 2023 | $1,498,139 | $81,025 | $117,321 | $100,000 | 1 | $100,000 | $45,728 | $73,180 |
| 2022 | $1,514,326 | $59,990 | $171,913 | $90,000 | 1 | $90,000 | $51,464 | $78,932 |
| 2021 | $1,882,450 | $79,940 | $104,127 | $90,000 | 1 | $90,000 | $59,684 | $93,012 |
| 2020 | $1,805,419 | $37,665 | $134,787 | $90,000 | 1 | — | $44,523 | $83,339 |
Under IRS private-foundation payout rules, Julien & Vera Welles Foundation reported a distributable amount of $73K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Julien & Vera Welles Foundation is led by Cathy Younger, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Cathy Younger
President
On filings since 2020
1 hr/week
$13K (2020) → $0 (2025)
Carolyn Wagman
Director
On filings since 2024
1 hr/week
No compensation reported
Brenda Brock
CFO & Secretary
On filings since 2020
1 hr/week
$6K (2020) → $0 (2025)
Allan Wagman
Executive Di
On filings since 2024
1 hr/week
No compensation reported
Former officers (1)
- Former: Sarah Trump (2020–2022) — Vice President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $25K, to Cathy Younger (President &). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Julien & Vera Welles Foundation
How much does Julien & Vera Welles Foundation give each year?
Julien & Vera Welles Foundation gave $204K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $150K across 1 grant.
How large is Julien & Vera Welles Foundation?
Julien & Vera Welles Foundation reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $204K in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets).
Where does Julien & Vera Welles Foundation operate?
Julien & Vera Welles Foundation has awarded grants in California.
What is Julien & Vera Welles Foundation's EIN?
Julien & Vera Welles Foundation's EIN (Employer Identification Number) is 95-4287544. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 20, 2026)
- IRS filings on file for fiscal years 2020–2024
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