The James and Vedna Welch Foundation
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.
The James and Vedna Welch Foundation at a glance
- Total assets
- $362,159
- -1.6% vs 2024
- Revenue (2025)
- $1,857
- -77.1% vs 2024
- Qualifying distributions (2025)
- $1,750
- -99.1% vs 2024
- Expenses (2025)
- $7,615
- -96.4% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The James and Vedna Welch Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $90K (2020) to $611K (2023). In 2024 it made 1 grant totaling $204K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Charitable Gift Fund Cincinnati, OH | Unrestricted | $204,042 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $362,159 | $1,857 | $7,615 | — | — | $1,750 | $3,949 | $38,411 |
| 2024 | $367,917 | $8,116 | $212,159 | $204,042 | 1 | $205,792 | $5,757 | $42,301 |
| 2023 | $448,754 | $-763 | $621,157 | $611,491 | 1 | $613,291 | $7,686 | $55,602 |
| 2022 | $793,685 | $42,550 | $414,457 | $398,125 | 1 | $399,925 | $32,139 | $75,698 |
| 2021 | $1,053,180 | $186,556 | $411,410 | $400,000 | 1 | $401,350 | $176,496 | $93,151 |
| 2020 | $1,278,034 | $-13,074 | $101,680 | $90,000 | 2 | — | $16,092 | $84,277 |
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.
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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