Kerri a Welc Memorial Scholarship Foundation

SCOTTDALE, PA EIN: 25-1735519

Kerri a Welc Memorial Scholarship Foundation is a private foundation, based in SCOTTDALE, PA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $82K in total assets. In 2023, it awarded 1 grants totaling $2K. Net investment income was $4K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$82K

+2.3% YoY

Annual Giving

$2K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

+0.0% YoY

Under IRS private-foundation payout rules, Kerri a Welc Memorial Scholarship Foundation reported a distributable amount of $4K for 2023 — the minimum it must pay out in qualifying distributions.

About Kerri a Welc Memorial Scholarship Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $6K (100%)

States

Pennsylvania

Cities

ChampionMount Pleasant

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$82,317	$80,448	$80,479
Revenue	$3,767	$636	$614
Expenses	$1,898	$1,887	$1,898
Qualifying Distributions	$1,500	$1,887	—
Net Investment Income	$3,767	$586	$564
Distributable Amount	$4,017	$4,015	$4,035

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 2023

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Miranda L Donnelly ($1,500).

Recipient	Purpose	Amount
MIRANDA L DONNELLY Champion, PA	SCHOLARSHIP	$1,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
ROBERT AND MARY ANN WELC 1	CO-TRUSTEE	1	—

Frequently Asked Questions

How large is Kerri a Welc Memorial Scholarship Foundation?

As of 2023, Kerri a Welc Memorial Scholarship Foundation holds $82K in total assets with $4K in annual revenue. It awarded 1 grants totaling $2K in 2023.

Where does Kerri a Welc Memorial Scholarship Foundation operate?

Kerri a Welc Memorial Scholarship Foundation has awarded grants in Pennsylvania.

What size grants does Kerri a Welc Memorial Scholarship Foundation award?

In 2023, Kerri a Welc Memorial Scholarship Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Kerri a Welc Memorial Scholarship Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Kerri a Welc Memorial Scholarship Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Kerri a Welc Memorial Scholarship Foundation's EIN?

Kerri a Welc Memorial Scholarship Foundation's EIN (Employer Identification Number) is 25-1735519. IRS Form 990 filing data is available on this page for 2020–2023.