Julien & Vera Welles Foundation

Private foundation · Grantmaker West Lake Village, CA EIN: 95-4287544

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.

Key facts about Julien & Vera Welles Foundation

In short: Julien & Vera Welles Foundation gave $204K across 1 grant in 2025 (avg $204K), mostly in California. Source: 2025 IRS Form 990-PF.

EIN
95-4287544
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$204,000
Grants made (2025)
1
Average grant
$204,000
Median grant
$204,000
Total assets
$1,456,419
Primary geography
California (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.5M

-2.2% YoY

Annual Giving

$204K

+36.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$204K

+36.0% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

Oceanside

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

From 2020 to 2025, annual grant giving ranged from $90K (2020) to $204K (2025). In 2025 it made 1 grant totaling $204K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

Canine Companions for Independence: $204KCanine Companions forIndependence$204K

The largest 2025 recipient was Canine Companions for Independence ($204K).

Grant Size Distribution

5 grants across all recorded years

<$50K2$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Canine Companions for Independence Oceanside, CAGeneral$204,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K202020212022202320242025
Metric202520242023
Total Assets$1,456,419$1,489,351$1,498,139
Revenue$188,451$100,829$81,025
Expenses$223,842$168,618$117,321
Qualifying Distributions$204,000$150,000$100,000
Net Investment Income$47,796$48,128$45,728
Distributable Amount$73,100$76,110$73,180

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 20, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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

Cathy Younger — President &: $25KCathy YoungerPresident &$25KBrenda Brock — CFO & Secret: $17KBrenda BrockCFO & Secret$17KSarah Trump — Vice Preside: $11KSarah TrumpVice Preside$11K

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.

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