The James and Vedna Welch Foundation

Private foundation · Grantmaker Parsippany, NJ EIN: 59-2192379

The James and Vedna Welch Foundation is a private foundation, based in Parsippany, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $362K in total assets. In 2025, it made $2K in qualifying distributions. Net investment income was $4K.

Key facts about The James and Vedna Welch Foundation

EIN
59-2192379
Latest 990 filing
Form 990-PF, 2025
Total assets
$362,159

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$362K

-1.6% YoY

Revenue

$2K

-77.1% YoY

Qualifying Distributions

$2K

-99.1% YoY

Expenses

$8K

-96.4% YoY

Under IRS private-foundation payout rules, The James and Vedna Welch Foundation reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.

How The James and Vedna Welch Foundation gives

  • Giving fell 49% from 2021 to 2024. Method
  • In 2025 it paid out 5% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

States

Cities

CincinnatiFort MyersSanibel

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K2 grants20201 grants20211 grants20221 grants20231 grants20240 grants2025

From 2020 to 2024, annual grant giving ranged from $90K (2020) to $611K (2023). In 2024 it made 1 grant totaling $204K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

4 grants across all recorded years

<$50K$50–100K1$100–250K2$250–500K1$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 2 grants of 4 (50%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K202020212022202320242025
Metric202520242023
Total Assets$362,159$367,917$448,754
Revenue$1,857$8,116$-763
Expenses$7,615$212,159$621,157
Qualifying Distributions$1,750$205,792$613,291
Net Investment Income$3,949$5,757$7,686
Distributable Amount$38,411$42,301$55,602

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
  2. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The James and Vedna Welch Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Aimee Lagorce-Jeans

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Deborah Lagorce

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Robert Wong

    Trustee

    On filings since 2020

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about The James and Vedna Welch Foundation

How large is The James and Vedna Welch Foundation?

The James and Vedna Welch Foundation reported $362K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets).

Where does The James and Vedna Welch Foundation operate?

The James and Vedna Welch Foundation has awarded grants in Florida, Ohio.

What is The James and Vedna Welch Foundation's EIN?

The James and Vedna Welch Foundation's EIN (Employer Identification Number) is 59-2192379. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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