The Welty Foundation Inc
The Welty Foundation Inc is a private foundation, based in SPOKANE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 7 grants totaling $53K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$830K
+0.1% YoY
Annual Giving
$53K
+6.4% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$8K
+21.6% YoY
Under IRS private-foundation payout rules, The Welty Foundation Inc reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
About The Welty Foundation Inc
Based on IRS filings
The Welty Foundation Inc is a private foundation, based in SPOKANE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $830K in total assets. In 2024, it awarded 7 grants totaling $53K. Net investment income was $59K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $830,083 | $829,170 | $841,886 |
| Revenue | $70,193 | $51,281 | $36,518 |
| Expenses | $68,307 | $63,997 | $73,331 |
| Qualifying Distributions | $57,422 | $53,577 | $61,224 |
| Net Investment Income | $59,308 | $40,936 | $24,411 |
| Distributable Amount | $51,867 | $48,742 | $50,446 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Spokane Public Schools ($18,000), Spokane Youth Symphony ($10,000), Spokane Symphony Society ($7,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NW MUSEUM OF ARTS & CULTURE SPOKANE, WA | PROVIDE RESOURCES FOR FOSTERING THE ARTS | $4,500 |
| SPOKANE AREA YOUTH CHOIRS SPOKANE, WA | PROVIDE RESOURCES FOR FOSTERING MUSIC | $5,000 |
| SPOKANE PUBLIC SCHOOLS SPOKANE, WA | PROVIDE RESOURCES FOR FOSTERING EDUCATION | $18,000 |
| SPOKANE SYMPHONY SOCIETY SPOKANE, WA | PROVIDE RESOURCES FOR FOSTERING MUSIC | $7,000 |
| SPOKANE YOUTH SYMPHONY SPOKANE, WA | PROVIDE RESOURCES FOR FOSTERING MUSIC | $10,000 |
| THE SALVATION ARMY RANCHOS PALOS VERDES, CA | PROVIDE RESOURCES FOR FOSTERING EDUCATION | $4,500 |
| WEST CENTRAL COMMUNITY DEVELOPMENT ASSOCIATION SPOKANE, WA | PROVIDE RESOURCES FOR FOSTERING THE ARTS | $4,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BERDINE S BENDER MD | DIRECTOR/PRESIDENT | 1 | — |
| ROBERT D WIGERT MD | DIRECTOR/VP | 1 | — |
| CHRISTINE S SCHNUG | SECRETARY/TREASURER | 1 | — |
Frequently Asked Questions
How large is The Welty Foundation Inc?
As of 2024, The Welty Foundation Inc holds $830K in total assets with $70K in annual revenue. It awarded 7 grants totaling $53K in 2024.
Where does The Welty Foundation Inc operate?
The Welty Foundation Inc has awarded grants in California, Idaho, Washington.
What size grants does The Welty Foundation Inc award?
In 2024, The Welty Foundation Inc awarded 7 grants totaling $53K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Welty Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Welty Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Welty Foundation Inc's EIN?
The Welty Foundation Inc's EIN (Employer Identification Number) is 94-3210510. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Welty Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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