Julien & Vera Welles Foundation

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 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 1 grants totaling $150K. Net investment income was $48K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

-0.6% YoY

Annual Giving

$150K

+50.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$150K

+50.0% YoY

Under IRS private-foundation payout rules, Julien & Vera Welles Foundation reported a distributable amount of $76K for 2024 — the minimum it must pay out in qualifying distributions.

About Julien & Vera Welles Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $520K (100%)

States

California

Cities

Oceanside

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,489,351	$1,498,139	$1,514,326
Revenue	$100,829	$81,025	$59,990
Expenses	$168,618	$117,321	$171,913
Qualifying Distributions	$150,000	$100,000	$90,000
Net Investment Income	$48,128	$45,728	$51,464
Distributable Amount	$76,110	$73,180	$78,932

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Canine Companions for Independence ($150,000).

Recipient	Purpose	Amount
CANINE COMPANIONS FOR INDEPENDENCE OCEANSIDE, CA	GENERAL	$150,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CATHY YOUNGER	PRESIDENT &	1	—
BRENDA BROCK	CFO & SECRET	1	—
ALLAN WAGMAN	EXECUTIVE DI	1	—
CAROLYN WAGMAN	DIRECTOR	1	—

Frequently Asked Questions

How large is Julien & Vera Welles Foundation?

As of 2024, Julien & Vera Welles Foundation holds $1.5M in total assets with $101K in annual revenue. It awarded 1 grants totaling $150K in 2024.

Where does Julien & Vera Welles Foundation operate?

Julien & Vera Welles Foundation has awarded grants in California.

What size grants does Julien & Vera Welles Foundation award?

In 2024, Julien & Vera Welles Foundation awarded 1 grants totaling $150K — an average of about $150K per grant, based on its IRS Form 990 filings.

How much is Julien & Vera Welles Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Julien & Vera Welles Foundation reported a distributable amount of $76K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.