The Welty Family Foundation is a private foundation based in Akron, Ohio, established in 2000. It operates as a 501(c)(3) organization with a primary focus on supporting community-based nonprofit organizations through grantmaking. The foundation's stated purpose includes the sale of investments (land, buildings, and equipment) held within the tax-exempt organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.4M
+11.6% YoY
Annual Giving
$485K
+16.2% YoY
Grant Count
75
+7.1% YoY
Avg Grant Size
$6K
+8.4% YoY
Under IRS private-foundation payout rules, The Welty Family Foundation reported a distributable amount of $455K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not specify particular subject areas for its funding. However, based on recent grantmaking activity, the foundation supports initiatives in education, human services, community development, and civic engagement. Grant recipients have included organizations focused on youth development, food security, arts and culture, and community services.
Grantmaking
In 2024, the foundation made grants totaling $487,500. Recent recipients include:
Grant Range
s & Frequency:**
Average Grant
amount: $6,119 for community grants
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Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives in Ohio and Illinois, with particular emphasis on communities in Akron and Cleveland, Ohio, and Chicago, Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (2024):
- Total Assets: $9,437,512
- Total Giving: $487,500
- Total Revenue: $1,044,899
- Total Expenses: $521,437
- Giving Rate: 5.4%
Staff: The foundation operates with zero employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,437,512 | $8,453,060 | $7,728,016 |
| Revenue | $1,044,899 | $176,806 | $555,677 |
| Expenses | $521,437 | $464,183 | $503,046 |
| Qualifying Distributions | $487,500 | $423,895 | $436,945 |
| Net Investment Income | $500,519 | $154,976 | $514,560 |
| Distributable Amount | $454,777 | $404,030 | $421,794 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Akron-canton Regional Foodbank ($15,000), Musical Arts Association ($15,000), Broken Chains Jail & Prison Ministry ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESS INC AKRON, OH | COMMUNITY | $12,000 |
| AKRON ART MUSEUM AKRON, OH | COMMUNITY | $5,000 |
| AKRON CHILDREN'S MUSEUM AKRON, OH | COMMUNITY | $9,000 |
| AKRON INNER CITY SOCCER CLUB AKRON, OH | COMMUNITY | $8,000 |
| AKRON MARATHON CHARITABLE CORP AKRON, OH | COMMUNITY | $5,000 |
| AKRON ZOOLOGICAL PARK AKRON, OH | COMMUNITY | $3,500 |
| AKRON-CANTON REGIONAL FOODBANK AKRON, OH | COMMUNITY | $15,000 |
| AMERICAN NATIONAL RED CROSS OF SUMMIT AND PORTAGE COUNTIES AKRON, OH | COMMUNITY | $8,000 |
| AXCESSPOINTE COMMUNITY HEALTH CENTER AKRON, OH | COMMUNITY | $4,000 |
| BATTERED WOMEN'S SHELTER AKRON, OH | COMMUNITY | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Jerry H. Welty — President
- Emily C. Welty — Vice President
- Richard C. Fedorovich — Treasurer
- Ronald S. Kopp — Trustee
- Monica Welty Brown — Trustee
- Chad C. Welty — Trustee
None of the board members receive compensation for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JERRY H WELTY | PRESIDENT | — | — |
| EMILY C WELTY | VICE PRESIDENT | — | — |
| RICHARD C FEDOROVICH | TREASURER | — | — |
| RONALD S KOPP | TRUSTEE | — | — |
| MONICA WELTY BROWN | TRUSTEE | — | — |
| CHAD C WELTY | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking to support community organizations across Ohio and Illinois. Recent grants demonstrate ongoing commitment to food security, cultural institutions, and community development initiatives.
Winther Foundation Awards $90,585 in GrantsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Welty Family Foundation fund?
The foundation does not specify particular subject areas for its funding. However, based on recent grantmaking activity, the foundation supports initiatives in education, human services, community development, and civic engagement. Grant recipients have included organizations focused on youth development, food security, arts and culture, and community services.
How do I apply for a grant from The Welty Family Foundation?
**Grant Sizes & Frequency:** • Typical grant awards range from $1,000 to $15,000 • Median grant amount: $4,435 • Average grant amount: $6,119 for community grants • The foundation awarded 119 grants in its most recent filing period **Recent Activity:** In 2024, the foundation made grants totaling $487,500. Recent recipients include: • The Well Community Development Corporation ($15,000) • Akron-Canton Regional Foodbank ($15,000) • The Cleveland Orchestra ($15,000) In 2016, the foundation awarde…
Where does The Welty Family Foundation make grants?
The foundation primarily funds initiatives in Ohio and Illinois, with particular emphasis on communities in Akron and Cleveland, Ohio, and Chicago, Illinois.
What size grants does The Welty Family Foundation award?
In 2024, The Welty Family Foundation awarded 75 grants totaling $485K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Welty Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Welty Family Foundation reported a distributable amount of $455K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Welty Family Foundation's EIN?
The Welty Family Foundation's EIN (Employer Identification Number) is 34-1908053. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Welty Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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