Mark M Welter Foundation Inc
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.
Key facts about Mark M Welter Foundation Inc
- EIN
- 83-2783030
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $456,398
- Grants made (2024)
- 14
- Average grant
- $32,600
- Median grant
- $25,000
- New grantees (estimate)
- 50% first-time grantees (7 of 14, 2024)
- Total assets
- $6,131,319
- Primary geography
- Minnesota (69% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Mark M Welter Foundation Inc funds
By grant dollars, the top recipient states for Mark M Welter Foundation Inc's 14 itemized 2024 grants were Minnesota (69%), Illinois (25%) and Wisconsin (5%). The most frequent recipient cities were Le Sueur, MN (3 grants) and St Cloud, MN (2 grants). None of its 14 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (6 grants).
Is Mark M Welter Foundation Inc open to new grantees?
50%
first-time grantees, 2024
In 2024, 7 of 14 grantees (50%) were first-time recipients. First grants averaged $37K; repeat grants $28K. How we count
Medians: $46K first-time, $25K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Mark M Welter Foundation Inc
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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
Share of all 14 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Lead MN ($70,000), University of Illinois ($50,000), St Cloud Tech College ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LEAD MN West St Paul, MN | GRANT | $70,000 |
| UNIVERSITY OF ILLINOIS Champaign, IL | DONATION | $50,000 |
| ST CLOUD TECH COLLEGE St Cloud, MN | DONATION | $50,000 |
| U OF MN - SCHOOL OF PUBLIC HEALTH Minneapolis, MN | SCHOLARSHIP | $50,000 |
| TOO MUCH TALENT St Cloud, MN | DONATION | $46,000 |
| VARIOUS OTHERS Le Sueur, MN | DONATIONS | $35,000 |
| YERKES OBSERVATORY Williams Bay, WI | FUNDING | $25,000 |
| BEST CHRISTMAS EVER Ely, MN | CHARITABLE GIVING | $25,000 |
| ARISE CHICAGO Chicago, IL | DONATION | $25,000 |
| CHICAGO WORKERS COLLABORATIVE Berwyn, IL | DONATION | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.