The David and Heidi Welch Foundation
The David and Heidi Welch Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 3 grants totaling $66K. Net investment income was $309.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28K
-27.7% YoY
Annual Giving
$66K
-70.4% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$22K
-40.9% YoY
Under IRS private-foundation payout rules, The David and Heidi Welch Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About The David and Heidi Welch Foundation
Based on IRS filings
The David and Heidi Welch Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHERTON, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 3 grants totaling $66K. Net investment income was $309.
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 | $27,668 | $38,243 | $314,430 |
| Revenue | $60,486 | $101,174 | $30,791 |
| Expenses | $71,061 | $377,361 | $280,912 |
| Qualifying Distributions | $70,875 | $378,092 | $276,938 |
| Net Investment Income | $309 | $99,592 | $28,113 |
| Distributable Amount | $1,993 | $10,834 | $28,653 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Caltech ($60,000), Boys and Girls Club of the Peninsula ($5,000), Riekes Center ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS AND GIRLS CLUB OF THE PENINSULA MENLO PARK, CA | EDUCATIONAL OPPORTUNITIES FOR CHILDREN | $5,000 |
| CALTECH PASADENA, CA | SUPPORT DECARBONIZATION STUDIES | $60,000 |
| RIEKES CENTER MENLO PARK, CA | ENHANCEMENT PROGRAMS FOR INIDVIDUAL STUDENTS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID F WELCH | DIRECTOR AND PRESIDENT | 2 | — |
| HEIDI A WELCH | DIRECTOR/VP/SECRETARY/CFO | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The David and Heidi Welch Foundation?
The David and Heidi Welch Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHERTON, CA. It holds $28K in total assets as of 2024.
How large is The David and Heidi Welch Foundation?
As of 2024, The David and Heidi Welch Foundation holds $28K in total assets with $60K in annual revenue. It awarded 3 grants totaling $66K in 2024.
Where does The David and Heidi Welch Foundation operate?
The David and Heidi Welch Foundation has awarded grants in California, District of Columbia, New York, Oklahoma, Tennessee.
What size grants does The David and Heidi Welch Foundation award?
In 2024, The David and Heidi Welch Foundation awarded 3 grants totaling $66K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is The David and Heidi Welch Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The David and Heidi Welch Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The David and Heidi Welch Foundation's EIN?
The David and Heidi Welch Foundation's EIN (Employer Identification Number) is 94-3332166. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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