Mark M Welter Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LE SUEUR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 14 grants totaling $456K. Net investment income was $213K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.1M
-1.1% YoY
Annual Giving
$456K
+18.5% YoY
Grant Count
14
+27.3% YoY
Avg Grant Size
$33K
-6.9% YoY
Under IRS private-foundation payout rules, Mark M Welter Foundation Inc reported a distributable amount of $426K for 2024 — the minimum it must pay out in qualifying distributions.
About Mark M Welter Foundation Inc
Based on IRS filings
Mark M Welter Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LE SUEUR, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.1M in total assets. In 2024, it awarded 14 grants totaling $456K. Net investment income was $213K.
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 | $6,131,319 | $6,200,401 | $7,045,044 |
| Revenue | $444,529 | $-409,739 | $1,167,845 |
| Expenses | $513,611 | $434,904 | $549,130 |
| Qualifying Distributions | $456,398 | $385,200 | $498,700 |
| Net Investment Income | $212,758 | $194,747 | $169,856 |
| Distributable Amount | $426,393 | $738,718 | $384,874 |
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
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lead Mn ($70,000), University of Illinois ($50,000), St Cloud Tech College ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST ANNE SCHOOL LE SUEUR, MN | GRANT | $21,000 |
| LEAD MN WEST ST PAUL, MN | GRANT | $70,000 |
| MANKATO LOYOLA SCHOOL MANAKTO, MN | SCHOLARSHIPS | $6,200 |
| VARIOUS OTHERS LE SUEUR, MN | DONATIONS | $35,000 |
| ISD 2397 LE SUEUR, MN | SCHOOL FUNDING | $13,198 |
| YERKES OBSERVATORY WILLIAMS BAY, WI | FUNDING | $25,000 |
| BEST CHRISTMAS EVER ELY, MN | CHARITABLE GIVING | $25,000 |
| ARISE CHICAGO CHICAGO, IL | DONATION | $25,000 |
| ROCKFORD URBAN MINISTRIES ROCKFORD, IL | DONATION | $15,000 |
| UNIVERSITY OF ILLINOIS CHAMPAIGN, IL | DONATION | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN SKUBITZ | OFFICER | — | — |
| PETER SCHOEPPNER | OFFICER | — | — |
| CHRIETINA R WELTER | OFFICER | — | — |
| DAVID MUZIC | OFFICER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mark M Welter Foundation Inc?
Mark M Welter Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LE SUEUR, MN. It holds $6.1M in total assets as of 2024.
How large is Mark M Welter Foundation Inc?
As of 2024, Mark M Welter Foundation Inc holds $6.1M in total assets with $445K in annual revenue. It awarded 14 grants totaling $456K in 2024.
Where does Mark M Welter Foundation Inc operate?
Mark M Welter Foundation Inc has awarded grants in Illinois, Minnesota, Wisconsin.
What size grants does Mark M Welter Foundation Inc award?
In 2024, Mark M Welter Foundation Inc awarded 14 grants totaling $456K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Mark M Welter Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mark M Welter Foundation Inc reported a distributable amount of $426K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mark M Welter Foundation Inc's EIN?
Mark M Welter Foundation Inc's EIN (Employer Identification Number) is 83-2783030. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mark M Welter Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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