The Welch Group Foundation
The Welch Group Foundation is a private foundation based in Birmingham, Alabama. It supports programs related to entrepreneurship and makes contributions to other charitable organizations recognized under Section 501(c)(3).
The Welch Group Foundation at a glance
In short: The Welch Group Foundation gave $173K across 32 grants in 2024 (avg $5K), mostly in Alabama. 44% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $172,501
- -22.5% vs 2023
- Grants made (2024)
- 32
- +6.7% vs 2023
- Average grant
- $5,391
- -27.3% vs 2023
- Median grant
- $2,250
- Total assets
- $1,985,473
- +125.1% vs 2023
- New grantees (estimate)
- 44% first-time grantees (14 of 32, 2024)
- Primary geography
- Alabama (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Welch Group Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3940 Montclair Road - Ste 500, Birmingham, AL 35213
Phone: (205) 879-5001
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Welch Group Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Create Birmingham ($25K). Together the top 10 received $140K.
Grant Size Distribution
142 grants across all recorded years
The most common grant size was under $50K: 140 grants of 142 (99%).
Geographic Focus
Where this funder awards grants
In 2024, Alabama recipients received 82% of grant dollars. Recipients in New York received 12%, Texas recipients 6%, and Tennessee recipients 1%, as reported. The listed grants include organizations in Birmingham and other Alabama communities, as well as recipients in New York and Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 32 itemized grants.
Cities
Is The Welch Group Foundation open to new grantees?
44%
first-time grantees, 2024
In 2024, 14 of 32 grantees (44%) were first-time recipients. First grants averaged $3K; repeat grants $8K. How we count
Medians: $2K first-time, $3K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 it paid out 211% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $170K (2021) to $234K (2020). In 2024 it made 32 grants totaling $173K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Create Birmingham Birmingham, AL | Youth Development | $25,000 |
| Foundations Early Learning & Family Center Birmingham, AL | Community | $25,000 |
| Grace Klein Community Birmingham, AL | Family Services | $25,000 |
| Redeemer City to City New York, NY | Community | $20,001 |
| YMCA of Mountain Brook Mountain Brook, AL | Youth Development | $12,500 |
| Campus Outreach Serve Dept 485 Houston, TX | Community | $10,000 |
| Red Mountain Park Birmingham, AL | Educational | $10,000 |
| Birmingham Civil Rights Birmingham, AL | Educational | $5,000 |
| Quarterbacking Children's Health Birmingham, AL | Health & Medical | $5,000 |
| Birmingham Talks Birmingham, AL | Educational | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,985,473 | $1,279,425 | $176,146 | $172,501 | 32 | $175,863 | $26,773 | $83,479 |
| 2023 | $882,194 | $312,797 | $229,418 | $222,500 | 30 | $229,152 | $19,129 | $44,407 |
| 2022 | $798,815 | $355,573 | $190,275 | $189,000 | 24 | $190,037 | $18,193 | $40,390 |
| 2021 | $633,517 | $428,413 | $172,985 | $169,750 | 30 | $230,485 | $17,091 | $34,242 |
| 2020 | $378,089 | $222,584 | $237,741 | $233,750 | 26 | — | $10,251 | $16,168 |
Under IRS private-foundation payout rules, The Welch Group Foundation reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states that its direct charitable activity is to establish, maintain, and operate programs supporting entrepreneurship, and to support or make contributions to other organizations recognized as Section 501(c)(3) organizations.
Its 2024 grantees illustrate the range of organizations it supports. Create Birmingham describes its mission as supporting workforce development, entrepreneurial ventures, and job growth in creative industries. Grace Klein Community says it works to relieve hardship and address community tensions, prejudice, discrimination, and deterioration. Quarterbacking Children’s Health says it provides funds for children’s medical needs that would otherwise go unmet. Other grantees include Holy Family Cristo Rey, which describes a work-study high school serving students from economically challenged communities, and Alabama Childhood Food Solutions, which operates a charitable food bank.
Grantmaking
In 2024, the foundation made 32 grants totaling $172,501. Grants ranged from $500 to $25,000, with a median of $2,250. Its largest grants included $25,000 each to Create Birmingham, Foundations Early Learning & Family, and Grace Klein Community; $20,001 to Redeemer City To City; and $12,500 to YMCA of Mountain Brook. Other listed grants included $10,000 to Campus Outreach Serve Dept 485 and $10,000 to Red Mountain Park.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Stewart H Welch III as president, C Gregory Weyandt as secretary, and Kimberly R Reynolds as treasurer.
The Welch Group Foundation is led by Stewart H. Welch III, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stewart H. Welch III
President
On filings since 2020
1 hr/week
No compensation reported
C. Gregory Weyandt
Secretary
On filings since 2020
1 hr/week
No compensation reported
Kimberly R. Reynolds
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Welch Group Foundation
How much does The Welch Group Foundation give each year?
The Welch Group Foundation gave $173K across 32 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $223K across 30 grants.
What is The Welch Group Foundation's typical grant size?
The Welch Group Foundation's median grant in 2024 was $2,250, and its average grant was $5,391, across 32 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Welch Group Foundation that year got $3K on average.
Where does The Welch Group Foundation give grants?
The Welch Group Foundation gives mostly in Alabama: 82% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (12%) and Texas (6%). The most frequent recipient cities were Birmingham, AL (18 grants) and Mountain Brook, AL (2 grants).
Does The Welch Group Foundation give general operating support?
Not in 2024: none of the 32 grants with a stated purpose on The Welch Group Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (10 grants), "Community" (7 grants) and "Youth Development" (4 grants).
Who are The Welch Group Foundation's largest grantees?
The Welch Group Foundation's largest 2024 grantees include Create Birmingham ($25,000), Foundations Early Learning & Family Center ($25,000) and Grace Klein Community ($25,000), according to its 2024 IRS Form 990-PF. Together they received 43% of its itemized 2024 grant dollars.
How large is The Welch Group Foundation?
The Welch Group Foundation reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $176K in qualifying distributions that year, against a required minimum of $83K (roughly 5% of its investment assets).
What does The Welch Group Foundation fund?
The foundation states that its direct charitable activity is to establish, maintain, and operate programs supporting entrepreneurship, and to support or make contributions to other organizations recognized as Section 501(c)(3) organizations. See mission & focus areas ↑
How do I apply for a grant from The Welch Group Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Welch Group Foundation's EIN?
The Welch Group Foundation's EIN (Employer Identification Number) is 46-0818266. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Welch Group Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 19, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Welch Group Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Welch Group Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-welch-group-foundation-morg_e0aa8334208f4631a831d18a2bb8e2d9
BibTeX
@misc{grantable_460818266_2026,
author = {{Grantable}},
title = {{The Welch Group Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-welch-group-foundation-morg_e0aa8334208f4631a831d18a2bb8e2d9},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Welch Group Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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